517 E Chicago St
ElginIL60120
Cheap Homes for Rent in South Elgin, IL from $1,300 (7 Rentals)
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$9501 Bedroom Apartments Available Now
320 Percy St, Unit 3
320 Percy StElgin, IL 60120
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$1,3001 Bedroom Apartments Available Jun 15
363 Prairie St, Unit 4
363 Prairie StElgin, IL 60120
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
292 Villa St
ElginIL60120
65 N Aldine St, Unit 2, Unit 2
65 N Aldine St
ElginIL60123
119 Tennyson Ct
ElginIL60120
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
1493 Keystone Ct
ElginIL60120
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South Elgin, IL Local Guide
How much does it cost to rent a home in South Elgin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| South Elgin 2 Bedroom Homes for Rent | $2,124 | $1,350 | $3,000 |
| South Elgin 3 Bedroom Homes for Rent | $3,043 | $2,000 | $6,130 |
| South Elgin 4 Bedroom Homes for Rent | $3,633 | $3,000 | $4,500 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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South Elgin, IL Local Guide
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Cheapest Available South Elgin Apartments for Rent and Nearby
The cheapest available apartment rental in South Elgin, IL is a 3 Beds unit found at Fox River Townhomes in the Beacon Pointe neighborhood priced from $988. Royal Ridge Apartments in the Edgewater neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,250. Here is today’s list of the most affordable South Elgin apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Fox River Townhomes | 3x1 | 3BR,1BA | $988 |
| Royal Ridge Apartments | Studio | Studio,1BA | $1,250 |
| Westwind Tower | STUDIO | 1BR,1BA | $1,355 |
Best Value Apartments for Rent in South Elgin, IL and Nearby
As of May 21, 2026 the best value apartment in the South Elgin area is the $2.00 price per square foot 2 Bed/ 2 Bath/ Den Model at Fountain Square in the in the College Green neighborhood starting from $2,600. The second greatest value South Elgin apartment is the 3x1 Model at Fox River Townhomes starting at $988 with a $1.02 price per square foot in the Beacon Pointe neighborhood. Here is today’s list of the best values for South Elgin apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Fountain Square | 2 Bed/ 2 Bath/ Den | 2BR,2.5BA | $2.00 |
| Fox River Townhomes | 3x1 | 3BR,1BA | $1.02 |
| Panton Mill Station | The Beech | 1BR,1BA | $2.12 |
| Springs At South Elgin | 1 BR Designer Courtyard Garage | 1BR,1BA | $2.72 |
| Seasons at Elgin | 1B | 1BR,1BA | $2.59 |
| Authentix South Elgin | Studio Horizon Overlook | Studio ,1BA | $3.15 |
| Royal Ridge Apartments | Studio | Studio ,1BA | $2.50 |
| Westwind Tower | STUDIO | 1BR,1BA | $3.96 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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Best Local Schools in South Elgin, IL
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in South Elgin, IL
Frequently Asked Questions about South Elgin
What type of rentals are currently available in South Elgin?
There are currently 121 Apartments for Rent in South Elgin, IL with pricing that ranges from $826 to $17,586. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Elgin ranging from $1,350 to $6,130.
What is the current price range for Rental Homes in South Elgin?
Today's rental pricing for Homes for Rent, Condos and Townhomes in South Elgin ranges from $1,350 to $6,130 with an average monthly rent of $2,575.
How much are larger Three and Four Bedroom Rentals in South Elgin?
For those who are looking for larger living arrangements, Three Bedroom Apartments in South Elgin range from $2,396 to $3,195, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,000 to $6,130. Four Bedroom Single-Family rentals are also available starting from $3,000 and Four Bedroom Apartments start at $10,000.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.