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 Oct 2026 compared to the previous month. Rent previously peaked in Sep 2025.
| Month | Average rent |
|---|---|
| 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 |
| Sep 2026 | $1,850 |
| Oct 2026 | $1,830 |
Average Rent By Bedroom and Home Type
In October 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 | $1,400 | $1,790 | $2,500 | $3,500 | $1,850 |
| Townhomes | — | $2,200 | $2,650 | — | $2,400 |
| Apartments and Condos | $1,400 | $1,575 | $2,100 | $3,000 | $1,575 |
| Houses | — | $2,499 | $2,500 | $4,000 | $2,515 |
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 $1,544 per month. This is about 21% lower than the national average.
- What are the cheapest months to find an apartment to rent in Elgin, IL?Last year, the cheapest month to find an apartment to rent was Mar 2025 when it was $1,725 per month.
- How many cheap apartments are available in Elgin, IL?There are 53 apartments to rent that are cheaper than the city’s average rent of $1,850.
- 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 $1,400 per month. That is about $100 less than the cost of a studio apartment.
- 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 - 158 Rentas | Trulia