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Cheap Apartments for Rent in Elgin, IL from $700 (17 Rentals)
Search the lowest-cost Apartments available for rent right now in Elgin.
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Rent Specials
from $999Studio to 2 Bedroom Apartments Available Now
River's Landing Apartments
3 Times SqElgin, IL 60120
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from $1,0471 to 2 Bedroom Apartments Contact Us For Availability
Squire Village Apartments
1146 Yew CtElgin, IL 60120
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Rent Specials
from $1,125Studio Apartments Available Now
Royal Ridge Apartments
237 Robert DrElgin, IL 60123
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from $1,2301 to 3 Bedroom Apartments Contact Us For Availability
Hunter Ridge Apartments
1068 Todd Farm DrElgin, IL 60123
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from $1,2801 to 2 Bedroom Apartments Contact Us For Availability
Elgin Tower Lofts
100 E Chicago StElgin, IL 60120
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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
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from $1,1561 Bedroom Apartment Available Now
305 Oregon Ave, Unit Fierke
305 Oregon AveWest Dundee, IL 60118
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Showing Results 1-17, Page 1 of 1
Elgin, IL Local Guide
Elgin Tower Building by Wiki User: Lillerphoto is licensed under CC BY-SA 3.0
How much does it cost to rent an apartment in Elgin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Elgin Studio Apartments | $1,499 | $999 | $1,893 |
| Cheap Elgin 1 Bedroom Apartments | $1,817 | $826 | $6,000 |
| Cheap Elgin 2 Bedroom Apartments | $2,103 | $967 | $3,145 |
| Cheap Elgin 3 Bedroom Apartments | $2,350 | $1,700 | $3,500 |
Browse Top Apartments in Elgin
See all Apartments in ElginExplore Elgin
Elgin, IL Local Guide
Written By:
Justin HabersaatEditing Staff
- Elgin Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Elgin, IL
Pricing Updated: 02/22/2025Current apartment rentals in the Elgin, IL area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Elgin Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Grant School Park | $2,485 | $826 | 422 |
Cheapest Available Elgin Apartments for Rent
The cheapest available apartment rental in Elgin, IL is a 1 Bed unit found at Fox River Crossing in the West Ridge Village neighborhood priced from $826. River's Landing Apartments in the Beacon Pointe neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $999. Here is today’s list of the most affordable Elgin apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Fox River Crossing | Studio | 1BR,1BA | $826 |
| River's Landing Apartments | Studio Unit - 440 sq ft | Studio,1BA | $999 |
| Royal Ridge Apartments | Studio | Studio,1BA | $1,125 |
| Blackhawk Apartment Homes | One Bedroom - 826 sqft | 1BR,1BA | $1,535 |
| Springs At South Elgin | Studio Grand Overlook | Studio,1BA | $1,595 |
Best Value Apartments for Rent in Elgin, IL
As of February 22, 2025 the best value apartment in the Elgin area is the $0.59 price per square foot 380 Harvest Ln Model at 380 Harvest Ln, Unit 5 in the in the Valley View neighborhood starting from $2,000. The second greatest value Elgin apartment is the 613 Dean Dr Model at 613 Dean Dr, Unit #1 starting at $1,500 with a $1.36 price per square foot in the Valley View neighborhood. Here is today’s list of the best values for Elgin apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 380 Harvest Ln, Unit 5 | 380 Harvest Ln | 3BR,2.5BA | $0.59 |
| 613 Dean Dr, Unit #1 | 613 Dean Dr | 2BR,1BA | $1.36 |
| 1900 at Canterfield Apartment Homes | B2- Lower | 2BR,2BA | $2.12 |
| Fountain Square | 1Bed/1Bath | 1BR,1BA | $2.32 |
| Blackhawk Apartment Homes | Two Bedroom - 817 sqft | 2BR,1BA | $2.05 |
| The Villages at Canterfield | A | 1BR,1BA | $2.17 |
| Springs At South Elgin | Studio Grand Overlook | Studio ,1BA | $2.56 |
| Fox River Crossing | Studio | 1BR,1BA | $1.33 |
| River's Landing Apartments | Studio Unit - 440 sq ft | Studio ,1BA | $1.74 |
| Royal Ridge Apartments | Studio | Studio ,1BA | $2.25 |
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Elgin Overview
A charming city located to the northern end of Illinois, Elgin is an ideal destination well worthy of consideration. Less than forty miles from the epicenter of Chicago, Elgin is an ever-growing locale offering small town ideals melded flawlessly with big city opportunity.
Why live in Elgin, IL?
True to its motto 'The City in the Suburbs', Elgin rentals offer a winning mixture of convenience and that oh-so-important rural comfort. Ideal for families and working class singles alike, this growing Illinois city is big on education, blue collar ideals and heart. With an exciting downtown scene filled with restaurants, museums and plenty of shopping, Elgin might just be the city you've been searching for.
Best Local Schools in Elgin, IL
Country Trails Elementary
Central Community Unit School District 301
Public School - Grades PK-5 (662)
8 out of 10
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Elgin, IL Rentals by Map
See the most popular apartments and homes in Elgin, IL
Elgin, IL Apartments MapElgin, IL Rental Homes MapGetting Around Elgin, IL
Walk Score®
42 / 100
Car-Dependent
Most errands require a car
Bike Score®
48 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
27 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Elgin Apartments
What is the Cheapest Studio apartment in Elgin?
Currently the most affordable Cheap Studio Apartment in Elgin is at River's Landing Apartments listed at $999.
How much is rent for a Cheap One Bedroom Elgin Apartment?
The lowest price for a Cheap One Bedroom Elgin Apartment is $826 at Fox River Crossing.
What is the lowest price for a Cheap Two Bedroom Elgin Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Elgin is starting from $967 at Fox River Crossing.
What is the most affordable Elgin Three Bedroom Apartment?
The best deal on a cheap Elgin Three Bedroom Apartment rental is at The Villages at Canterfield and starts from $2,300.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago
Written by: Nicole Harms
I’m Nicole, your ApartmentHomeLiving.com Local Expert for Chicago, IL. As a resident of the Chicago area for over 20 years, I’ve learned which neighborhoods are great and which are best avoided.
Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.
What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.
How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.