Cheap Homes for Rent in Southwest Elgin Neighborhood of Elgin, IL from $1,200 (3 Rentals)

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Search the lowest-cost Homes available for rent right now in the Southwest Elgin area of Elgin.

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

Southwest Elgin, Elgin, IL Local Guide

Cheapest Neighborhoods for Apartments in Southwest Elgin, IL

Pricing Updated: 03/21/2025

Current apartment rentals in the Southwest Elgin, IL area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Southwest Elgin Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units

Best Value Apartments for Rent in Southwest Elgin, IL

As of March 21, 2025 the best value apartment in the Southwest Elgin 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 Southwest Elgin apartment is the The Accolade Model at Panton Mill Station starting at $1,966 with a $1.80 price per square foot in the Valley View neighborhood. Here is today’s list of the best values for Southwest Elgin apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1990 Larkin Ave, Elgin, IL 601232 bed/2 bath2BR,2BA$1.75
Panton Mill StationThe Accolade2BR,2BA$1.80
39 Surrey Dr869 Jefferson2BR,1BA$1.65
Fountain Square1Bed/1Bath1BR,1BA$2.32
River's Landing Apartments2 Bedroom 1 Bath 775 sq ft2BR,1BA$1.81
Springs At South ElginStudio Grand OverlookStudio ,1BA$2.56
Blackhawk Apartment HomesOne Bedroom - 598 sqft1BR,1BA$2.26
Royal Ridge ApartmentsStudioStudio ,1BA$2.25
Westwind TowerSTUDIO1BR,1BA$3.11

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Frequently Asked Questions about Southwest Elgin

What type of rentals are currently available in Southwest Elgin?

There are currently 101 Apartments for Rent in Southwest Elgin, IL with pricing that ranges from $1,000 to $3,500. There are also 8 Single Family Homes for rent, Condos, and Townhome rentals currently available in Southwest Elgin ranging from $1,250 to $2,800.

What is the current price range for Rental Homes in Southwest Elgin?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Southwest Elgin ranges from $1,250 to $2,800 with an average monthly rent of $2,088.

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago article

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.

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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.

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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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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.