
Luxury Apartments for Rent in the Parkwood Neighborhood of Elgin, IL (6 Rentals)
The most luxurious Apartments in the Parkwood area of Elgin with high-end amenities, features, and finishes.


Fountain Square

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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
Parkwood, Elgin, IL Local Guide

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 | $1,724 | $826 | $2,666 |
Parkwood 2 Bedroom Apartments | $2,188 | $967 | $3,145 |
Parkwood 3 Bedroom Apartments | $2,733 | $2,000 | $3,500 |
Browse Apartments in this Neighborhood
There are currently 6 rentals with your search options within a 2 mile radius of the Parkwood Neighborhood of Elgin, IL.
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Parkwood, Elgin, IL Local Guide
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Quick Rent Budget Calculator
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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Pet Friendly LifestyleParkwood, Elgin, IL
Ranked #9
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.com is proud to bring you Lifestyle Ratings of neighborhoods, cities, and rental properties across Illinois including Parkwood, Elgin, and the greater Chicago area. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including searching for the best amenities, and the best outdoor access, kid and pet-friendly communities, availability of transit options, and how walkable or bikeable each community and area is. These search options are in the site filters at the top of this page.
Frequently Asked Questions about Parkwood
What is the current price range for One Bedroom Parkwood Apartments for rent?
Today's rental pricing for One Bedroom Apartments in Parkwood ranges from $826 to $2,666 with an average monthly rent of $1,724.
What does renting a Two Bedroom Apartment in Parkwood cost?
The monthly rent prices of Two Bedroom Apartments currently available in Parkwood range from $967 to $3,145. Today's average rental price for Two Bedrooms here is $2,188.
How expensive are Parkwood Three Bedroom Apartments?
There are currently 19 Three Bedroom Apartments listings available in Parkwood on ApartmentHomeLiving.com. The pricing ranges from $2,000 to $3,500 - averaging $2,733 for the location.
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.

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.

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.

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.