Cheap Apartments for Rent in the Downtown Elgin Neighborhood of Elgin, IL from $700 (8 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Elgin area of Elgin.
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River's Landing Apartments
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Squire Village Apartments
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Royal Ridge Apartments
Downtown Elgin, Elgin, IL Local Guide
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How much does it cost to rent an apartment in Downtown Elgin?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Downtown Elgin Studio Apartments | $1,087 | $999 | $1,175 |
Downtown Elgin 1 Bedroom Apartments | $1,602 | $826 | $2,666 |
Downtown Elgin 2 Bedroom Apartments | $1,989 | $967 | $3,145 |
Downtown Elgin 3 Bedroom Apartments | $2,662 | $2,150 | $3,500 |
Browse Apartments in this Neighborhood
There are currently 8 rentals with your search options within a 2 mile radius of the Downtown Elgin Neighborhood of Elgin, IL.
See all Apartments in ElginExplore Elgin
Downtown Elgin, Elgin, IL Local Guide
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Cheapest Available Downtown Elgin Apartments for Rent
 The cheapest available apartment rental in the Downtown Elgin area of Chicago, IL is a 1 Bed unit found at Fox River Crossing priced from $826. River's Landing Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $999. Here are the most affordable Downtown Elgin apartments for rent in Chicago, IL:
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 |
Best Value Apartments for Rent in Downtown Elgin, IL
As of February 27, 2025 the best value apartment in the Downtown Elgin area is the $2.13 price per square foot B2- Lower Model at 1900 at Canterfield Apartment Homes in the in the Sandy Creek Estates neighborhood starting from $2,321. The second greatest value Downtown Elgin apartment is the 1Bed/1Bath Model at Fountain Square starting at $1,900 with a $2.32 price per square foot in the West Ridge Village neighborhood. Here is today’s list of the best values for Downtown Elgin apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
1900 at Canterfield Apartment Homes | B2- Lower | 2BR,2BA | $2.13 |
Fountain Square | 1Bed/1Bath | 1BR,1BA | $2.32 |
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 |
Quick Rent Budget Calculator
How much rent can you afford?
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Pet Friendly LifestyleDowntown Elgin, Elgin, IL
Ranked #14
Among neighborhoods in Elgin, IL for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Getting Around the Downtown Elgin Neighborhood in Elgin, IL
Walk Score®
90 / 100
Walker’s Paradise
Daily errands do not require a car
Bike Score®
77 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
50 / 100
Good Transit
Many 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 Downtown Elgin Apartments
What is the Cheapest Studio apartment in Downtown Elgin?
Currently the most affordable Cheap Studio Apartment in Downtown Elgin is at River's Landing Apartments listed at $999.
How much is rent for a Cheap One Bedroom Downtown Elgin Apartment?
The lowest price for a Cheap One Bedroom Downtown Elgin Apartment is $826 at Fox River Crossing.
What is the lowest price for a Cheap Two Bedroom Downtown Elgin Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown Elgin is starting from $967 at Fox River Crossing.
What is the most affordable Downtown Elgin Three Bedroom Apartment?
The best deal on a cheap Downtown Elgin Three Bedroom Apartment rental is at 1900 at Canterfield Apartment Homes and starts from $2,472.
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.
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A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago
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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.
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Understanding Amenity Fees: Know Where You Might Be Able to Save Money
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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.
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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.
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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.