Cheap Apartments for Rent in Elgin, IL
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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 decreased in Aug 2026 compared to the previous month. Rent previously peaked in Sep 2025.
| Month | Average rent |
|---|---|
| Sep 2025 | $2,100 |
| Oct 2025 | $1,750 |
| Nov 2025 | $1,985 |
| Dec 2025 | $1,925 |
| Jan 2026 | $1,925 |
| Feb 2026 | $1,850 |
| Mar 2026 | $1,925 |
| Apr 2026 | $1,695 |
| May 2026 | $1,800 |
| Jun 2026 | $1,750 |
| Jul 2026 | $1,875 |
| Aug 2026 | $1,850 |
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 Rentals 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 cheapest in Elgin, IL?In the last year, the average rent in Elgin, IL was lowest in Mar 2025 when it was $1,725 per month.
- When is the average rent most expensive in Elgin, IL?In the last year, the average rent in Elgin, IL was highest in Sep 2025 when it was $2,100 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 $1,350 per month. That is about $381 less than the cost of a studio apartment.
- How many available rental listings are in Elgin, IL?There are 96 available rental listings 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.
View this page in Spanish: Apartamentos baratos en renta en Elgin, IL - 163 Rentas | Trulia