Elgin IL Apartments
54 rentals
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Average Rent Trends in Elgin, IL
Rent in Elgin, IL varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent for a apartment decreased in Aug 2026 compared to the previous month. Rent for apartments peaked in Aug 2025.
| Month | Average rent |
|---|---|
| Sep 2025 | $1,897 |
| Oct 2025 | $1,536 |
| Nov 2025 | $1,580 |
| Dec 2025 | $1,549 |
| Jan 2026 | $1,515 |
| Feb 2026 | $1,519 |
| Mar 2026 | $1,560 |
| Apr 2026 | $1,525 |
| May 2026 | $1,491 |
| Jun 2026 | $1,468 |
| Jul 2026 | $1,694 |
| Aug 2026 | $1,660 |
Average Rent By Bedroom and Home Type
In August 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,350 | $1,750 | $2,600 | $3,285 | $1,850 |
| Townhomes | $1,250 | $2,267 | $2,900 | $2,425 | $2,400 |
| Apartments and Condos | $1,325 | $1,695 | $2,050 | $3,000 | $1,575 |
| Houses | $1,250 | $2,500 | $2,650 | $5,500 | $2,650 |
Frequently Asked Questions about Apartments and Condos for rent in Elgin, IL
- What is the average rent of an apartment in Elgin, IL?The average rent of an apartment in Elgin, IL is $1,650 per month. This is about 16% lower than the national average.
- When is the average rent for an apartment cheapest in Elgin, IL?In the last year, the average rent in Elgin, IL was lowest in Oct 2025 when it was $1,536 per month.
- When is the average rent for an apartment most expensive in Elgin, IL?In the last year, the average rent in Elgin, IL was highest in Aug 2025 when it was $1,943 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in Elgin, IL?The average rent of a 1 bedroom apartment in Elgin, IL is $1,398 per month. That is about $333 less than the cost of a studio apartment.
- How many apartments or condos are available to rent in Elgin, IL?There are 58 available apartments or condos to rent in Elgin, IL.
- What are some neighborhoods in Elgin, IL?Some neighborhoods in Elgin, IL include: Northeastern Elgin, Southeast Elgin, Southwest Elgin, Cobblers Crossing, Grant Park.
- What are some zip codes in Elgin, IL?
- What are some cities near Elgin, IL?Some nearby cities include: South Elgin, Sleepy Hollow, West Dundee, Plato Center, Gilberts. These cities may have more rental options to explore.
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