What's the average rent in Elgin, IL?

Rental Market Trends in Elgin, IL

SOURCE: TRULIA DATA

Rental market highlights

As of May 2026, the average rent in Elgin, IL is $1,800 per month, which is 7% lower than the national average rent of $1,930 per month.

AVERAGE RENT

$1,800

6.2%$105 increase month-over-month

0.6%$10 increase year-over-year

AVAILABLE RENTALS

APARTMENTS

$2,033

HOUSES

$2,775

TOWNHOUSES

$2,400

As of May 2026, apartments are the most affordable rental option in Elgin, IL at $2,033 per month, while houses are the most expensive at $2,775 per month. Townhomes average $2,400 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$1,350
2 Bedrooms	$1,750
3 Bedrooms	$2,400
4 Bedrooms	$2,800
All	$1,800

As of May 2026, the average rent for a 1 bedroom rental in Elgin, IL is $1,350 per month, followed by $1,750 for a 2 bedroom rental, $2,400 for a 3 bedroom rental, and $2,800 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$2,200
3 Bedrooms	$2,800
4 Bedrooms	—
All	$2,200

As of May 2026, the average rent for a 2 bedroom townhome in Elgin, IL is $2,200 per month, followed by $2,800 for a 3 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$1,350
2 Bedrooms	$1,575
3 Bedrooms	$1,900
4 Bedrooms	$3,000
All	$1,575

As of May 2026, the average rent for a 1 bedroom apartment in Elgin, IL is $1,350 per month, followed by $1,575 for a 2 bedroom apartment, $1,900 for a 3 bedroom apartment, and $3,000 for a 4 bedroom apartment.