
Cheap Homes for Rent in Southwest Elgin Neighborhood of Elgin, IL from $1,200 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the Southwest Elgin area of Elgin.


218 Orange St

65 N Alfred Ave
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

How much does it cost to rent a home in Southwest Elgin?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Southwest Elgin 2 Bedroom Homes for Rent | $2,200 | $2,200 | $2,200 |
Southwest Elgin 3 Bedroom Homes for Rent | $2,350 | $1,800 | $2,800 |
Browse Homes for Rent in this Neighborhood
There are currently 3 rentals with your search options within a 2 mile radius of the Southwest Elgin Neighborhood of Elgin, IL.
Explore Elgin
Southwest Elgin, Elgin, IL Local Guide
- Nearby Elgin neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Southwest Elgin, IL
Pricing Updated: 03/21/2025Current 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:
Neighborhood | Median Price | Min Price | Available 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
1990 Larkin Ave, Elgin, IL 60123 | 2 bed/2 bath | 2BR,2BA | $1.75 |
Panton Mill Station | The Accolade | 2BR,2BA | $1.80 |
39 Surrey Dr | 869 Jefferson | 2BR,1BA | $1.65 |
Fountain Square | 1Bed/1Bath | 1BR,1BA | $2.32 |
River's Landing Apartments | 2 Bedroom 1 Bath 775 sq ft | 2BR,1BA | $1.81 |
Springs At South Elgin | Studio Grand Overlook | Studio ,1BA | $2.56 |
Blackhawk Apartment Homes | One Bedroom - 598 sqft | 1BR,1BA | $2.26 |
Royal Ridge Apartments | Studio | Studio ,1BA | $2.25 |
Westwind Tower | STUDIO | 1BR,1BA | $3.11 |
Quick Rent Budget Calculator
How much rent can you afford?
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.
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.

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.

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.