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Fox River Crossing
300 N State StElgin, IL 60123
Cheap Apartments for Rent in the Parkwood Neighborhood of Elgin, IL from $700 (7 Rentals)
Search the lowest-cost Apartments available for rent right now in the Parkwood area of Elgin.
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Rent Specials
from $1,025Studio to 2 Bedroom Apartments Available Jun 1
River's Landing Apartments
3 Times SqElgin, IL 60120
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from $1,1411 to 2 Bedroom Apartments Contact Us For Availability
Squire Village Apartments
1146 Yew CtElgin, 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
Showing Results 1-7, Page 1 of 1
Parkwood, 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 Parkwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Parkwood Studio Apartments | $1,025 | $1,025 | $1,025 |
| Parkwood 1 Bedroom Apartments | $1,804 | $826 | $2,666 |
| Parkwood 2 Bedroom Apartments | $2,204 | $967 | $3,253 |
| Parkwood 3 Bedroom Apartments | $2,757 | $2,000 | $3,631 |
Browse Apartments in this Neighborhood
There are currently 7 rentals with your search options within a 2 mile radius of the Parkwood Neighborhood of Elgin, IL.
See all Apartments in ElginExplore Elgin
Parkwood, Elgin, IL Local Guide
- Nearby Elgin neighborhoods
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Cheapest Available Parkwood Apartments for Rent
The cheapest available apartment rental in the Parkwood area of Chicago, IL is a 1 Bed unit found at Blackhawk Apartment Homes priced from $1,340. The Villages at Canterfield has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,655. Here are the most affordable Parkwood apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Blackhawk Apartment Homes | One Bedroom - 598 sqft | 1BR,1BA | $1,340 |
| The Villages at Canterfield | A | 1BR,1BA | $1,655 |
| Fountain Square | 1Bed/1Bath | 1BR,1BA | $1,900 |
Best Value Apartments for Rent in Parkwood, IL
As of April 09, 2025 the best value apartment in the Parkwood area is the $2.08 price per square foot 2x2 B2GU - Lower Model at 1900 at Canterfield Apartment Homes in the in the Sandy Creek Estates neighborhood starting from $2,266. The second greatest value Parkwood 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 Parkwood apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1900 at Canterfield Apartment Homes | 2x2 B2GU - Lower | 2BR,2BA | $2.08 |
| Fountain Square | 1Bed/1Bath | 1BR,1BA | $2.32 |
| The Villages at Canterfield | A | 1BR,1BA | $2.17 |
| Blackhawk Apartment Homes | One Bedroom - 598 sqft | 1BR,1BA | $2.22 |
| Westwind Tower | STUDIO | 1BR,1BA | $3.11 |
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Pet Friendly LifestyleParkwood, Elgin, IL
Ranked #11
Among neighborhoods in Elgin, IL for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Parkwood, Elgin, IL
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals in cities and towns across the United States and customized analysis for Northwest Chicago, IL. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including searching for the best amenities, and proximity to parks, kid and pet-friendly communities, availability of transit options, walking, and biking. These search options are in the site filters at the top of this page.
Frequently Asked Questions about Cheap Parkwood Apartments
How much is rent for a Cheap One Bedroom Parkwood Apartment?
The lowest price for a Cheap One Bedroom Parkwood Apartment is $1,340 at Blackhawk Apartment Homes.
What is the lowest price for a Cheap Two Bedroom Parkwood Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Parkwood is starting from $1,630 at Blackhawk Apartment Homes.
What is the most affordable Parkwood Three Bedroom Apartment?
The best deal on a cheap Parkwood 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.