What's the average rent in Elgin, IL?

Rental Market Trends in Elgin, IL

SOURCE: TRULIA DATA

Rental market highlights

As of August 2026, the average rent in Elgin, IL is $1,850 per month, which is 6% lower than the national average rent of $1,962 per month.

AVERAGE RENT

$1,850

-2.4%-$45 decrease month-over-month

-5.1%-$100 decrease year-over-year

AVAILABLE RENTALS

APARTMENTS

$1,650

HOUSES

$2,650

TOWNHOUSES

$2,400

As of August 2026, apartments are the most affordable rental option in Elgin, IL at $1,650 per month, while houses are the most expensive at $2,650 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	$2,600
4 Bedrooms	$3,285
All	$1,850

As of August 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, $2,600 for a 3 bedroom rental, and $3,285 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$2,267
3 Bedrooms	$2,900
4 Bedrooms	$2,450
All	$2,400

As of August 2026, the average rent for a 2 bedroom townhome in Elgin, IL is $2,267 per month, followed by $2,900 for a 3 bedroom townhome, and $2,450 for a 4 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$1,325
2 Bedrooms	$1,695
3 Bedrooms	$2,050
4 Bedrooms	$3,000
All	$1,575

As of August 2026, the average rent for a 1 bedroom apartment in Elgin, IL is $1,325 per month, followed by $1,695 for a 2 bedroom apartment, $2,050 for a 3 bedroom apartment, and $3,000 for a 4 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	$1,250
2 Bedrooms	$2,500
3 Bedrooms	$2,650
4 Bedrooms	$5,500
All	$2,650

As of August 2026, the average rent for a 1 bedroom house in Elgin, IL is $1,250 per month, followed by $2,500 for a 2 bedroom house, $2,650 for a 3 bedroom house, and $5,500 for a 4 bedroom house.