292 Villa St
ElginIL60120
Cheap Homes for Rent in South Elgin, IL from $1,200 (8 Rentals)
Search the lowest-cost Homes available for rent right now in South Elgin.
318 North St
ElginIL60120
119 Tennyson Ct
ElginIL60120
418 St Charles St
ElginIL60120
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.
1816 W Highland Ave
ElginIL60123
1143 Bayside Rd
ElginIL60123
276 Morgan St
ElginIL60123
653 Jay St
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.
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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 | $2,053 | $1,200 | $2,895 |
| South Elgin 3 Bedroom Homes for Rent | $3,063 | $2,200 | $6,130 |
| South Elgin 4 Bedroom Homes for Rent | $3,225 | $2,700 | $3,800 |
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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 $1,027. River's Landing Apartments in the Beacon Pointe neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,235. 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 | $1,027 |
| River's Landing Apartments | 1 Bedroom 1 Bath 675 sq ft | 1BR,1BA | $1,235 |
| Royal Ridge Apartments | 1 Bedroom | 1BR,1BA | $1,350 |
Best Value Apartments for Rent in South Elgin, IL and Nearby
As of July 05, 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 $1,027 with a $1.06 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 | $1.06 |
| Panton Mill Station | The Beech | 1BR,1BA | $2.07 |
| Springs At South Elgin | 1 BR Grand Courtyard | 1BR,1BA | $2.17 |
| Seasons at Elgin | 1B | 1BR,1BA | $2.59 |
| River's Landing Apartments | 1 Bedroom 1 Bath 675 sq ft | 1BR,1BA | $1.83 |
| Royal Ridge Apartments | 1 Bedroom | 1BR,1BA | $2.08 |
| Authentix South Elgin | Studio Horizon Courtyard | Studio ,1BA | $3.06 |
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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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
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Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore South Elgin, IL Rentals by Map
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 118 Apartments for Rent in South Elgin, IL with pricing that ranges from $826 to $20,978. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Elgin ranging from $1,200 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 $1,200 to $6,130 with an average monthly rent of $2,447.
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 $2,391 to $3,316, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,200 to $6,130. Four Bedroom Single-Family rentals are also available starting from $2,700 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
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.