
Cheap Apartments for Rent in Elgin, IL from $700 (16 Rentals)
Search the lowest-cost Apartments available for rent right now in Elgin.


River's Landing Apartments

Royal Ridge Apartments

Squire Village Apartments

879 Jefferson Ave, Unit 1

Hunter Ridge Apartments

Blackhawk Apartment Homes
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

305 Oregon Ave, Unit Fierke
Elgin, IL Local Guide

How much does it cost to rent an apartment in Elgin?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Cheap Elgin Studio Apartments | $2,312 | $1,025 | $6,000 |
Cheap Elgin 1 Bedroom Apartments | $1,792 | $826 | $2,666 |
Cheap Elgin 2 Bedroom Apartments | $2,185 | $967 | $3,269 |
Cheap Elgin 3 Bedroom Apartments | $2,522 | $1,855 | $3,500 |
Browse Top Apartments in Elgin
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Elgin, IL Local Guide

- Elgin Neighborhoods
- Nearby Cities
- ZIP codes
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- School Districts
Cheapest Neighborhoods for Apartments in Elgin, IL
Pricing Updated: 04/15/2025Current 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 | $2,490 | $826 | 5 |
Cheapest Available Elgin Apartments for Rent
 The cheapest available apartment rental in Elgin, IL is a Studio unit found at Royal Ridge Apartments in the West Ridge Village neighborhood priced from $1,125. Blackhawk Apartment Homes in the Beacon Pointe neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,305. Here is today’s list of the most affordable Elgin apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Royal Ridge Apartments | Studio | Studio,1BA | $1,125 |
Blackhawk Apartment Homes | One Bedroom - 598 sqft | 1BR,1BA | $1,305 |
The Villages at Canterfield | A | 1BR,1BA | $1,655 |
Springs At South Elgin | Studio Grand Overlook | Studio,1BA | $1,667 |
Watermark at The Grove | 1.1 | 1BR,1BA | $1,799 |
Best Value Apartments for Rent in Elgin, IL
As of April 15, 2025 the best value apartment in the Elgin area is the $1.92 price per square foot C1- Lower Model at 1900 at Canterfield Apartment Homes in the in the Sandy Creek Estates neighborhood starting from $2,559. The second greatest value Elgin apartment is the 2 bed/2 bath Model at 1990 Larkin Ave, Elgin, IL 60123 starting at $2,100 with a $1.75 price per square foot in the West Ridge Village 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. |
---|---|---|---|
1900 at Canterfield Apartment Homes | C1- Lower | 3BR,2BA | $1.92 |
1990 Larkin Ave, Elgin, IL 60123 | 2 bed/2 bath | 2BR,2BA | $1.75 |
569 Dean Dr, Unit 4 | 569 Dean Dr | 2BR,1BA | $2.27 |
Fountain Square | 1Bed/1Bath | 1BR,1BA | $2.32 |
879 Jefferson Ave, Unit 1 | 879 Jefferson Ave | 1BR,1BA | $1.50 |
The Villages at Canterfield | A | 1BR,1BA | $2.17 |
505 Ryan Ln, Unit A | 505 Ryan Ln | 2BR,1BA | $2.14 |
Springs At South Elgin | Studio Grand Overlook | Studio ,1BA | $2.68 |
Blackhawk Apartment Homes | One Bedroom - 598 sqft | 1BR,1BA | $2.18 |
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
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
Getting 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 Royal Ridge Apartments listed at $1,125.
How much is rent for a Cheap One Bedroom Elgin Apartment?
The lowest price for a Cheap One Bedroom Elgin Apartment is $1,305 at Blackhawk Apartment Homes.
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 $1,635 at Blackhawk Apartment Homes.
What is the most affordable Elgin Three Bedroom Apartment?
The best deal on a cheap Elgin Three Bedroom Apartment rental is at 1900 at Canterfield Apartment Homes and starts from $2,475.
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.

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.