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Cheap Apartments for Rent in the Parkwood Neighborhood of Elgin, IL from $700 (8 Rentals)
Search the lowest-cost Apartments available for rent right now in the Parkwood area of 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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from $1,2801 to 2 Bedroom Apartments Contact Us For Availability
Elgin Tower Lofts
100 E Chicago StElgin, IL 60120
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Showing Results 1-8, 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 | $999 | $999 | $999 |
| Parkwood 1 Bedroom Apartments | $1,957 | $826 | $6,000 |
| Parkwood 2 Bedroom Apartments | $2,168 | $967 | $3,145 |
| Parkwood 3 Bedroom Apartments | $2,602 | $1,700 | $3,500 |
Browse Apartments in this Neighborhood
There are currently 8 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
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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 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 Parkwood 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 |
| Blackhawk Apartment Homes | One Bedroom - 826 sqft | 1BR,1BA | $1,605 |
Best Value Apartments for Rent in Parkwood, IL
As of February 27, 2025 the best value apartment in the Parkwood 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 Parkwood 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 Parkwood 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 |
| Blackhawk Apartment Homes | Two Bedroom - 817 sqft | 2BR,1BA | $2.04 |
| The Villages at Canterfield | A | 1BR,1BA | $2.17 |
| Fox River Crossing | Studio | 1BR,1BA | $1.33 |
| River's Landing Apartments | Studio Unit - 440 sq ft | Studio ,1BA | $1.74 |
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Pet Friendly LifestyleParkwood, Elgin, IL
Ranked #17
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
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
What is the Cheapest Studio apartment in Parkwood?
Currently the most affordable Cheap Studio Apartment in Parkwood is at River's Landing Apartments listed at $999.
How much is rent for a Cheap One Bedroom Parkwood Apartment?
The lowest price for a Cheap One Bedroom Parkwood Apartment is $826 at Fox River Crossing.
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 $967 at Fox River Crossing.
What is the most affordable Parkwood Three Bedroom Apartment?
The best deal on a cheap Parkwood 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.