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Apartments in Elgin

1 - 9 of 9 Results
0
$2,950
3128 Valley Falls St
Elgin, IL
3 BR | Available Now
Contact
Cat Friendly
In Unit Laundry
Dishwasher
12
$1,085
114 N Spg
Elgin, IL
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
In Unit Laundry
12
$2,450
Elgin Two Bedroom With Loft And Two Car Garage
737 Bent Ridge Ln Elgin, IL
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
27
$3,095
Beautiful 3 Bedroom, 2 Bath In Elgin!
160 Goldenrod Dr Elgin, IL
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Storage
29
$3,188
Super Sharp 3 Bedroom, 2 Bath End Unit Townhome!
170 Goldenrod Dr Elgin, IL
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Storage
6
$1,875 - 2,975
Watermark At The Grove
2511 Watermark Ter Elgin, IL
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
Storage
Dishwasher
27
$3,188
Beautiful 3 Bedroom, 2 Bath Elgin Townhome!
190 Goldenrod Dr Elgin, IL
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Storage
Disability Access
20
$1,650
Highland Springs
515 Redtail Ridge Eglin, IL
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Balcony/Deck/Patio
14
$624 - 953
Fox River Crossing Senior Apartments
1.2
300 N State St Elgin, IL
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Senior Community
Luxury
Air Conditioning
1 - 9 of 9 Results
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How much does it cost to rent an apartment in Elgin?

Elgin Apartments
Bed Type Average Rent Range
1BR $2,000 $1,900 - $2,100
2BR $2,650 $1,690 - $2,970
3BR $3,140 $2,950 - $3,190
Frequently Asked Questions

How many apartments are available in Elgin, IL on Rentable.co?

Rentable.co has over 527 apartments available in Elgin.

What is the average rent for a one-bedroom apartment in Elgin, IL?

The average rent for a one-bedroom apartment in Elgin is around $2,000 per month.

What is the average rent for a two-bedroom apartment in Elgin, IL?

The average rent for a two-bedroom apartment in Elgin is around $2,650 per month.

How expensive is it to rent an apartment in Elgin, IL?

For a two-bedroom apartment in Elgin, the average rent price is $2,650 per month, which is higher than the national average of $1,620 per month.

Can I afford an apartment for rent in Elgin, IL?

Based on average rent prices in Elgin, to afford a one-bedroom apartment you would need an annual household income of $80,000 to live comfortably.

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Campuses Nearby

Elgin Community College

Elgin:
May Rent Report

Welcome to the May 2024 Elgin Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2024 key findings and figures for the Elgin rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Elgin and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Elgin average rent prices in the chart below.

Monthly Rent Report

$2,450
$1,840
$1,230
$610
$0
Jun. 2023
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
1 BR       2 BR

Elgin Rent Prices Increase From April to May

Elgin rent prices increased over the last month. From April to May, the city experienced a 3.35% increase for the price of a one-bedroom apartment. The rent price for a Elgin one-bedroom apartments currently stands at $1,941.0.

When we take a look at the two-bedroom comparison from April to May, Elgin experienced a 2.46% increase for the price of a two-bedroom apartment. The rent price for a Elgin two-bedroom apartments currently stands at $2,370.0.

May Prices: Elgin vs. Surrounding Areas

Rent Prices in Elgin and Surrounding Areas

Rent prices have increased in Elgin over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Elgin suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Elgin suburbs

  • Rents did not decrease in any of the Elgin suburbs.

May 2024 Pricing Trends: Elgin vs. National Comparisons

New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
$4,056
$3,039
$2,377
$2,336
$1,913
$1,300
$1,283
$1,178
$0
$1,350
$2,700
$4,050
$5,400
Median Rent

Elgin Rent Prices More Affordable Than Major Cities

Rent growth in Elgin over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Elgin average rent prices appear to be relatively affordable for local residents.

The price for a Elgin one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Elgin and surrounding area rent prices, take a look at the complete data set below.

Data set for Elgin and suburbs

1 BR May 1 BR M/M % Change 2 BR May 2 BR M/M % Change

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.

Browse Elgin Apartments
Elgin Apartments by Bedrooms
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