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$850Studio Apartments Available Now
314 E Chicago St, Unit 9
314 E Chicago StElgin, IL 60120
Cheap Homes for Rent in South Elgin, IL from $1,100 (8 Rentals)
Search the lowest-cost Homes available for rent right now in South Elgin.
17 S Channing St, Unit 3
17 S Channing St
ElginIL60120
119 Tennyson Ct
ElginIL60120
418 St Charles St
ElginIL60120
Chicago's Best Affordable Neighborhoods
Learn about Chicago and the best places to live with original content written by our Chicago, IL Local Expert Nicole Harms
8 N State St, Unit UPPER
8 N State St
ElginIL60123
17 S 4th Ave
St. CharlesIL60174
10 N State St, Unit Upper
10 N State St
ElginIL60123
1590 N La Fox St, Unit 1
1590 N La Fox St
South ElginIL60177
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
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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 | $2,074 | $1,525 | $2,600 |
| South Elgin 3 Bedroom Homes for Rent | $2,882 | $1,600 | $6,130 |
| South Elgin 4 Bedroom Homes for Rent | $2,977 | $2,955 | $3,000 |
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
The cheapest available apartment rental in South Elgin, IL is a 1 Bed unit found at River's Landing Apartments in the Beacon Pointe neighborhood priced from $1,235. Authentix South Elgin in the Valley View neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,464. Here is today’s list of the most affordable South Elgin apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| River's Landing Apartments | 1 Bedroom 1 Bath 675 sq ft | 1BR,1BA | $1,235 |
| Authentix South Elgin | Studio Horizon Overlook | Studio,1BA | $1,464 |
| Panton Mill Station | The Beech | 1BR,1BA | $1,750 |
Best Value Apartments for Rent in South Elgin, IL
As of August 19, 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 2 BR Designer Courtyard Garage Model at Springs At South Elgin starting at $2,472 with a $2.33 price per square foot in the Valley View 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 |
| Springs At South Elgin | 2 BR Designer Courtyard Garage | 2BR,2BA | $2.33 |
| Seasons at Elgin | 1C | 1BR,1BA | $2.80 |
| Panton Mill Station | The Linden | 1BR,1BA | $2.38 |
| River's Landing Apartments | 1 Bedroom 1 Bath 675 sq ft | 1BR,1BA | $1.83 |
| Authentix South Elgin | Studio Horizon Courtyard | Studio ,1BA | $2.76 |
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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Best Local Schools in South Elgin, IL
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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 $850 to $4,415. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Elgin ranging from $1,150 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 $1,150 to $6,130 with an average monthly rent of $2,496.
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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
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.