
Cheap Apartments for Rent in the Edgewater Neighborhood of Elgin, IL from $800 (5 Rentals)
Search the lowest-cost Apartments available for rent right now in the Edgewater area of Elgin.


River's Landing Apartments

Royal Ridge Apartments

Wing Park Residence
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
Edgewater, Elgin, IL Local Guide

How much does it cost to rent an apartment in Edgewater?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Edgewater Studio Apartments | $1,413 | $1,025 | $1,695 |
Edgewater 1 Bedroom Apartments | $1,814 | $826 | $2,422 |
Edgewater 2 Bedroom Apartments | $2,190 | $967 | $3,100 |
Edgewater 3 Bedroom Apartments | $2,890 | $2,150 | $3,500 |
Browse Apartments in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the Edgewater Neighborhood of Elgin, IL.
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Edgewater, Elgin, IL Local Guide
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Cheapest Available Edgewater Apartments for Rent
 The cheapest available apartment rental in the Edgewater area of Chicago, IL is a Studio unit found at Royal Ridge Apartments priced from $1,125. Springs At South Elgin has the second lowest priced unit, which is a Studio apartment currently listed from $1,585. Here are the most affordable Edgewater apartments for rent in Chicago, IL:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Royal Ridge Apartments | Studio | Studio,1BA | $1,125 |
Springs At South Elgin | Studio Grand Overlook | Studio,1BA | $1,585 |
Fountain Square | 1Bed/1Bath | 1BR,1BA | $1,900 |
Best Value Apartments for Rent in Edgewater, IL
As of April 10, 2025 the best value apartment in the Edgewater area is the $1.75 price per square foot 2 bed/2 bath Model at 1990 Larkin Ave, Elgin, IL 60123 in the in the West Ridge Village neighborhood starting from $2,100. The second greatest value Edgewater apartment is the 1Bed/1Bath Model at Fountain Square starting at $1,900 with a $2.32 price per square foot in the Beacon Pointe neighborhood. Here is today’s list of the best values for Edgewater apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
1990 Larkin Ave, Elgin, IL 60123 | 2 bed/2 bath | 2BR,2BA | $1.75 |
Fountain Square | 1Bed/1Bath | 1BR,1BA | $2.32 |
Springs At South Elgin | Studio Grand Overlook | Studio ,1BA | $2.54 |
Royal Ridge Apartments | Studio | Studio ,1BA | $2.25 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleEdgewater, Elgin, IL
Ranked #15
Among neighborhoods in Elgin, IL for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Edgewater, Elgin, IL
School data provided by Great Schools
Frequently Asked Questions about Cheap Edgewater Apartments
What is the lowest price for a Cheap Two Bedroom Edgewater Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Edgewater is starting from $2,100 at 1990 Larkin Ave, Elgin, IL 60123.
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.