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Elgin, IL Homes for Rent

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  • /72

    Starting at $1,899 Per Month

    • 1 - 2 Beds

    2511 Watermark Terrace, Elgin, IL 60124

    Lovely Two Bedroom Apartment....Waiting for you to make it Home! - Luxury Two-Bedroom with amazing amenities with shops and restaurants around the corner. In-unit washer/dryer, quartz countertops, balconies, natural light and underground secured parking.*Full-time Management Team*24-hour emergency maintenance* Open Floor Plans* Secured Access* 24/7 Fitness Center*

    Watermark at The Grove

    2511 Watermark Terrace, Elgin, IL 60124
  • /26

    Starting at $1,370 Per Month

    • 1 - 3 Beds

    926 Congdon Ave, Elgin, IL 60120

    Welcome to Blackhawk Apartments, a beautiful apartment community in Elgin offering the comfortable lifestyle and unbeatable location you've been looking for. Positioned conveniently near I-90, you have access to the area's best shopping, restaurants, and promising employers. Choose from a variety of great 1, 2 & 3 bedroom floor plans to complement your unique lifestyle. Home here comes

    Blackhawk Apartment Homes

    926 Congdon Ave, Elgin, IL 60120
  • /27

    Starting at $1,375 Per Month

    • 1 - 3 Beds

    1068 Todd Farm Dr, Elgin, IL 60123

    Hunter’s Ridge Apartments is conveniently located within minutes of the Metra train station, shopping, restaurants, schools, entertainment and Advocate Sherman Hospital.Just minutes from I-90, Randall Road, and Downtown Elgin, you will be steps away from shopping and entertainment.Apartments feature brand new kitchen cabinetry, appliances and upgraded granite-look countertops. Each unit

    Hunter Ridge Apartments

    1068 Todd Farm Dr, Elgin, IL 60123
  • /36

    Starting at $1,695 Per Month

    • Studio - 3 Beds

    2611 Hopps Rd, Elgin, IL 60124

    Seasons embodies the evolution of luxury suburban living by providing an exceptional location blended with a wide array of high end amenities and finishes tailored to suit your lifestyle. Located in a park like setting, Seasons at Elgin has a true suburban feel with the convenience of city life within reach.

    Seasons at Elgin

    2611 Hopps Rd, Elgin, IL 60124
  • /46

    Starting at $3,100 Per Month

    • 3 - 4 Beds

    1212 Bradley Cir, Elgin, IL 60120

    Find your new home at Princeton West Townhomes. State of the Art movie theater with Bose surround sound, over stuffed reclining seats and 100" screen. Front Loading Washer & Dryer, fireplace, stainless steel appliances with Microwave in a magnificent kitchen, hardwood floors, oversized closet with shelving system.Luxurious & spacious townhomes with bright, sunny rooms, modern lighting &

    Princeton West Townhomes

    1212 Bradley Cir, Elgin, IL 60120
  • /40

    Starting at $2,200 Per Month

    • 2 - 3 Beds

    50 S Grove Ave, Elgin, IL 60120

    Live at one of the most desirable and sought after apartment building in Elgin! Walk to the Metra, the Casino, restaurants, and entertainment. Walk along the Fox River and take in the views of the beautiful city. Monthly Rent Includes: Gas, water, sewer, trash removal, high speed internet, washer & dryer inside each apartment, and storage locker. This is over a $300.00 saving in

    Fountain Square

    50 S Grove Ave, Elgin, IL 60120
  • /11

    Starting at $1,550 Per Month

    • 1 - 2 Beds

    6 Tivoli Place, Elgin, IL 60123

    Perfect Blend of Luxury & Location! Reserve your new home today!

    Wing Park Residence

    6 Tivoli Place, Elgin, IL 60123
  • /35

    $5,027 Per Month

    • Studio
    • 1 Bath
    • 300 Sq Ft
    • Furnished Studio-Chicago - Elgin - West Dundee

    2185 Marriott Dr, West Dundee, IL 60118

    Enjoy a fully furnished studio suite in our hotel at an affordable rate with free wi-fi, free utilities and free premium cable. Each studio suite has a full kitchen with full-size refrigerator, stovetop and microwave, and has a flexible workspace and plenty of storage. All our hotels are pet-friendly and have on-site guest laundry available. Plus, there are no long-term commitments and you can

    Furnished Studio-Chicago - Elgin - West Dundee

    2185 Marriott Dr, West Dundee, IL 60118
  • /13

    Starting at $1,025 Per Month

    • Studio - 2 Beds

    3 Times Square, Elgin, IL 60120

    Rivers Landing Apartments is located in Elgin, Illinois near shopping, transportation, restaurants and the Grand Victoria Casino. Rivers Landing Apartments offers a gated community with laundry facilities and free heat. Rivers Landing features studios, one and two bedroom apartment homes. Heat and gas included. Section 8 available. Minutes from Metra Train. Cats welcome. Restrictions apply.

    River's Landing Apartments

    3 Times Square, Elgin, IL 60120
  • /2

    Starting at $1,250 Per Month

    • Studio - 1 Bed

    237 Robert Dr, Elgin, IL 60123

    We are a small, quiet 28 unit property situated in a residential community conveniently located just 1 block from Larkin High School's athletic fields and less than a mile from the beautiful Elgin Community College campus.We are walking distance to shopping with easy access to Route 20.Only market rate apartments available.No habla, Espanol

    Royal Ridge Apartments

    237 Robert Dr, Elgin, IL 60123
  • /20

    Starting at $1,156 Per Month

    • 2 - 4 Beds

    1146 Yew Ct, Elgin, IL 60120

    Squire Village Apartments

    1146 Yew Ct, Elgin, IL 60120
  • /20

    Starting at $1,496

    Total Monthly Price

    • Studio - 3 Beds

    1900 Canterfield Pkwy E, West Dundee, IL 60118

    1900 at Canterfield is the apartment you've been looking for in West Dundee, IL. With comfortable studio, one-, two-, and three-bedroom homes complete with washers and dryers, private patios, large closets, and built-in wine racks you're guaranteed to find a place to live with a lifestyle to love. What's more, as a member of the community you'll also have access to private garages, a dog wash,

    1900 at Canterfield Apartment Homes

    1900 Canterfield Pkwy E, West Dundee, IL 60118
  • /17

    $1,350 Per Month

    • 1 Bed
    • 1 Bath
    • Condo for Rent

    363 Prairie St Unit 4, Elgin, IL 60120

    Property Id: 1765529This 1849 Cobblestone Home located in Elgin Historic District and on the National Register of Historic Places is an iconic home and one of its kind. Located on a quiet street within walking distance to downtown. This unit is located on 2nd floors, offering high ceilings, and plenty of sunlight. 1 bedrooms and 1 full bathroom. Fenced in common area, and a 2 coin

    363 Prairie St Unit 4, Elgin, IL 60120
  • /20

    $20,978

    Total Monthly Price

    • 4 Beds
    • 2 Baths
    • Condo for Rent

    649 Edgebrook Terrace Unit SI ID1285083P, Elgin, IL 60120

    The advertised rate of $20,978/month is the lowest available price, based on a 1 month(s) stay with a move-in date of September 1, 2026.Rates vary depending on the duration of stay, season, and other parameters. For exact pricing and additional pricing components, please visit our website and enter your desired move-in and move-out dates. The rate is applicable when billed upfront; it can

    649 Edgebrook Terrace Unit SI ID1285083P, Elgin, IL 60120
  • /11

    $2,700 Per Month

    • 3 Beds
    • 2 Baths
    • House for Rent

    352 N Commonwealth Ave, Elgin, IL 60123

    Property Id: 110021Freshly painted, spacious unfurnished house for rent with new Laminate Flooring. Includes a living room, dining room, family room, three bedrooms, two full baths with a detached one car garage available. Quiet neighborhood in Elgin near Wing Park golf course, Judson University, and Elgin Community College. Ten minutes from I90 and Rt20, minutes away from shopping

    352 N Commonwealth Ave, Elgin, IL 60123
  • /20

    $2,555 Per Month

    • 2 Beds
    • 2 Baths
    • 1,279 Sq Ft
    • Condo for Rent

    50 Canterfield Pkwy W Unit 933, West Dundee, IL 60118

    Landing is a top-rated, fully furnished apartment network with thousands of homes across 250+ U.S. cities. With premium amenities, a mobile app to manage your stay, and 24/7 support. Our apartments have everything you need for monthly and longer stays. 6-Month+ Stay base rent: starts at $2580/mo12-Month+ Stay base rent: starts at $2555/moLanding's apartments at The Villages at

    50 Canterfield Pkwy W Unit 933, West Dundee, IL 60118
  • /20

    $2,100 Per Month

    • 1 Bed
    • 1 Bath
    • 761 Sq Ft
    • Condo for Rent

    50 Canterfield Pkwy W Unit 1801, West Dundee, IL 60118

    Landing is a top-rated, fully furnished apartment network with thousands of homes across 250+ U.S. cities. With premium amenities, a mobile app to manage your stay, and 24/7 support. Our apartments have everything you need for monthly and longer stays. 6-Month+ Stay base rent: starts at $2100/mo12-Month+ Stay base rent: starts at $2100/moLanding's apartments at The Villages at

    50 Canterfield Pkwy W Unit 1801, West Dundee, IL 60118
  • /16

    $1,500

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 750 Sq Ft
    • Condo for Rent

    1320 Getzelman Dr Unit 3, Elgin, IL 60123

    1320 Getzelman Dr Unit 3, Elgin, IL 60123
  • /19

    $1,750 Per Month

    • 2 Beds
    • 2 Baths
    • 938 Sq Ft
    • Property for Rent

    1143 Bayside Rd Unit 149, Elgin, IL 60123

    Welcome to Willow Lake Estates, a vibrant 55+ community in Elgin, IL, where modern living meets timeless charm. This brand-new 2 bedroom, 2 bathroom home offers 938 sq. ft. of fresh, thoughtfully designed space on one of the community's most desirable streets. Enjoy an open-concept layout with luxury vinyl plank flooring, a sleek modern kitchen with stainless steel appliances, and a private

    Lucas Van Gilder Willow Lake Estates

    1143 Bayside Rd Unit 149, Elgin, IL 60123
  • /30

    $17,706

    Total Monthly Price

    • 5 Beds
    • 3 Baths
    • Condo for Rent

    886 Arthur Dr Unit SI ID1285093P, Elgin, IL 60120

    The advertised rate of $17,706/month is the lowest available price, based on a 30 day(s) stay with a move-in date of August 5, 2026.Rates vary depending on the duration of stay, season, and other parameters. For exact pricing and additional pricing components, please visit our website and enter your desired move-in and move-out dates. The rate is applicable when billed upfront; it can be

    886 Arthur Dr Unit SI ID1285093P, Elgin, IL 60120
  • /10

    $2,700 Per Month

    • 4 Beds
    • 2.5 Baths
    • 2,300 Sq Ft
    • House for Rent

    903 Logan Ave, Elgin, IL 60120

    Beautiful corner lot single family home available now in a desirable Elgin neighborhood! This spacious 4 bedroom, 2 bath residence is ready for move in this month! Brand new carpet installed in all bedrooms! Additional highlights include a 2-car detached garage and a prime location just minutes from I-90, downtown Elgin, shopping, dining, and convenient access to Metra train and bus lines ideal

    Inis Cohen Cove Realty Inc

    903 Logan Ave, Elgin, IL 60120
  • /28

    $17,743

    Total Monthly Price

    • 5 Beds
    • 3 Baths
    • Condo for Rent

    908 Arthur Dr Unit SI ID1285092P, Elgin, IL 60120

    The advertised rate of $17,743/month is the lowest available price, based on a 30 day(s) stay with a move-in date of August 6, 2026.Rates vary depending on the duration of stay, season, and other parameters. For exact pricing and additional pricing components, please visit our website and enter your desired move-in and move-out dates. The rate is applicable when billed upfront; it can be

    908 Arthur Dr Unit SI ID1285092P, Elgin, IL 60120
  • /37

    $2,915 Per Month

    • 2 Beds
    • 1.5 Baths
    • 975 Sq Ft
    • Apartment for Rent

    801 N Mclean Blvd Unit 320, Elgin, IL 60123

    Are You Looking for 'Care-Free & Low-Key' 55+ Independent Living? Welcome to the Greens of Elgin, a Well-Established Adult Residential Community, Where Savvy Seniors Enjoy Value-Laden Amenities and Services! Set Back Off the Main Road From N McLean Blvd & Located in a Quiet Area of Elgin - Recently Crowned the #1 Safest & Most Affordable City in the United States! Surrounded by Nature & Greenery,

    Ryan Widerberg eXp Realty - Chicago North Ave

    801 N Mclean Blvd Unit 320, Elgin, IL 60123
  • /21

    $20,978

    Total Monthly Price

    • 4 Beds
    • 2 Baths
    • Condo for Rent

    823 Jay St Unit SI ID1285082P, Elgin, IL 60120

    The advertised rate of $20,978/month is the lowest available price, based on a 1 month(s) stay with a move-in date of September 1, 2026.Rates vary depending on the duration of stay, season, and other parameters. For exact pricing and additional pricing components, please visit our website and enter your desired move-in and move-out dates. The rate is applicable when billed upfront; it can

    823 Jay St Unit SI ID1285082P, Elgin, IL 60120
  • /24

    $2,750 Per Month

    • 3 Beds
    • 1 Bath
    • 1,600 Sq Ft
    • Apartment for Rent

    371 Fulton St Unit 2, Elgin, IL 60120

    This is a wonderful 2 flat building that has an owner that takes pride in ownership that shows throughout the home. 2 bedrooms with an extra room that can be used as a 3rd bedroom. Wood flooring throughout, updated kitchen, nice bathroom, good sized rooms throughout, nice closet space, 2 exterior parking spaces on side of building, water and heat included, basement storage and free washer dryer

    Joseph Trifilio Berkshire Hathaway HomeServices Starck Real Estate

    371 Fulton St Unit 2, Elgin, IL 60120
  • /20

    $1,845 Per Month

    • 2 Beds
    • 2 Baths
    • 1,304 Sq Ft
    • Exceptionally Clean 2-Bedroom Ranch with Double Car Garage

    1493 Keystone Ct, Elgin, IL 60120

    This beautiful ranch style end-unit is the cleanest you will find. There is plenty of room with1,300+ total sq. ft. including a massive 12.5' X 15' master bedroom with 9ft ceilings. Private master bath includes Jacuzzi style tub. The kitchen and dining room have ceramic floors and vaulted ceilings that extend into the living room (which has hardwood flooring). There is ample parking with a

    1493 Keystone Ct, Elgin, IL 60120
  • /2

    $3,100 Per Month

    • 3 Beds
    • 4 Baths
    • 2,400 Sq Ft
    • Townhouse for Rent

    1289 Bradley Cir, Elgin, IL 60120

    FULLY EQUIPPED THEATER ROOM. Rents range from $1,950-$2,700. Gorgeous New Construction Townhome features a fireplace with gas logs, sumptuous master suite with two showers and two sinks, hardwood floors throughout, attached garage, theater room with eight seats, finished basement space, open floor plan, chef's kitchen with stainless steel and granite, tons of natural light, Don't Miss! Ask about

    Cameel Halim Wilmette Real Estate & Management Company LLC

    1289 Bradley Cir, Elgin, IL 60120
  • /2

    $2,850 Per Month

    • 3 Beds
    • 2.5 Baths
    • 1,420 Sq Ft
    • House for Rent

    3398 Cameron Dr, Elgin, IL 60124

    Spacious 3 bed, 2.5 bath home featuring a functional layout with a partially finished basement for added living, recreation, or storage space. Kitchen appliances are included, and the home offers the convenience of in-unit laundry, central AC, and a gas furnace. An attached garage provides secure parking and additional storage. Dogs up to 25 lbs welcome (sorry, no cats). Tenant responsible for

    3398 Cameron Dr, Elgin, IL 60124
  • /2

    $3,400 Per Month

    • 4 Beds
    • 5 Baths
    • 2,600 Sq Ft
    • Townhouse for Rent

    1154 Megan Ct, Elgin, IL 60120

    FULLY EQUIPPED THEATER ROOM. Gorgeous new construction townhome features fireplace with gas logs, sumptuous master suite with two showers and two sinks, hardwood floors throughout, attached garage, theater room with eight seats, finished basement space, open floor plan, chef's kitchen with stainless steel appliances and granite, tons of natural light. Don't miss!

    Cameel Halim Wilmette Real Estate & Management Company LLC

    1154 Megan Ct, Elgin, IL 60120
  • /11

    $2,800 Per Month

    • 4 Beds
    • 3 Baths
    • 2,800 Sq Ft
    • House for Rent

    714 Villa St, Elgin, IL 60120

    Spacious Home Near Downtown Elgin – Prime LocationConveniently located just 5 minutes from downtown Elgin, this home offers easy access to everything while still providing space and privacy. Only 2 minutes from Route 20 and with I-90 nearby, commuting is simple and efficient.The home features potential for up to 4 bedrooms, making it a great fit for a variety of living arrangements. Inside,

    714 Villa St, Elgin, IL 60120
  • /2

    $825 Per Month

    • 1 Bed
    • 1 Bath
    • 125 Sq Ft
    • Apartment for Rent

    517 E Chicago St Unit 2, Elgin, IL 60120

    Room for rent, first floor bedroom with shared kitchen & bathroom. Includes water, heat & electric, parking. This boarding home includes both men's & ladies rooms, this is a room available in the Ladies section with shared bath and kitchen. Submit application through Baird & Warner Property Management, questions, call property manager/list agent. Application fee $75 includes credit review,

    Katrina Hish Baird & Warner Fox Valley - Geneva

    517 E Chicago St Unit 2, Elgin, IL 60120
  • /8

    $1,725 Per Month

    • 2 Beds
    • 2 Baths
    • 1,178 Sq Ft
    • Townhouse for Rent

    1816 W Highland Ave, Elgin, IL 60123

    Roomy condo with 2 bedrooms and 2 baths. large living room with fireplace, dining room and kitchen. Unit features a laundry room with washer & dryer plus a deck that runs across the entire front of the unit and a 2 car (tandem) garage. Tenant pays all utilities. "NO PETS"We require a 650 or higher credit score and the combined income must be 3 times the amount of your rent per month.

    1816 W Highland Ave, Elgin, IL 60123
  • /46

    $3,000 Per Month

    • 3 Beds
    • 3.5 Baths
    • 1,636 Sq Ft
    • House for Rent

    2354 Nantucket Ln, Elgin, IL 60123

    This 1,636 square foot home offers a perfect blend of modern comfort and timeless charm. With three spacious bedrooms and three and a half bathrooms, this property is designed to accommodate a variety of lifestyles. The open-concept layout creates a seamless flow between the living, dining, and kitchen areas, making it an ideal space for entertaining or simply enjoying everyday life. There is a

    Andrew Stoll Stoll Real Estate

    2354 Nantucket Ln, Elgin, IL 60123
  • /18

    $2,600 Per Month

    • 3 Beds
    • 2.5 Baths
    • 1,900 Sq Ft
    • Townhouse for Rent

    754 Thornbury Ct, Bartlett, IL 60103

    Wonderful 3 Bed/ 2.5 Bath Townhome with spacious Living room. Large master bathroom and walk-in closet. Additional space for office/family room. Balcony and 2-car garage. Close to parks and walking trails. Tenant pays all utilities. "NO PETS".We require a 650 or higher credit score and the combined gross income must be 3 times the amount of your rent per month.

    754 Thornbury Ct, Bartlett, IL 60103
  • /25

    $3,000 Per Month

    • 4 Beds
    • 2 Baths
    • Townhouse for Rent

    71 Park Row Unit 73, Elgin, IL 60120

    This historical district home is loaded with charm and character.Its stunning original stained windows bring so much light. This wonderful unit offers 4 bedrooms and 2 full baths. Its fully finished walk-out basement, which comes with private entrances at both front and back makes it perfect for in-laws. extended family or a group of roommates. This home is located right in front of Gifford Park,

    Joseph Trifilio Berkshire Hathaway HomeServices Starck Real Estate

    71 Park Row Unit 73, Elgin, IL 60120
  • /5

    Starting at $1,390 Per Month

    • 1 Bed

    278 Douglas Ave, Elgin, IL 60120

    Rare opportunity!Spacious 3-bedroom unit occupies the entire first floor of one of Elgin’s most iconic vintage homes. Recently renovated, it’s truly one of a kind. Large front and back yard, a charming wraparound front porch, and an additional back porch perfect for summer grilling. Inside you’ll find beautiful stainless steel appliances, a dishwasher, and an in-unit washer and dryer.

    278 Douglas Ave, Elgin, IL 60120
  • /15

    $2,150 Per Month

    • 2 Beds
    • 2 Baths
    • 1,018 Sq Ft
    • Townhouse for Rent

    1060 Stillwater Rd Unit 522, Elgin, IL 60120

    Beautifully maintained home. Neutral decor with light gray walls and bright white trim. Recent carpet in the bedrooms, and easy-care wood grain vinyl plank flooring in the living/dining room. SS kitchen appliances in 2022. Dramatic volume ceilings in the living/dining room, kitchen, master bedroom & bath. Enjoy the fireplace on chilly evenings & the balcony overlooking an open common area on

    David Erickson Coldwell Banker Realty

    1060 Stillwater Rd Unit 522, Elgin, IL 60120
  • /2

    $1,200 Per Month

    • 2 Beds
    • 1 Bath
    • 600 Sq Ft
    • Townhouse for Rent

    292 Villa St, Elgin, IL 60120

    292 Villa St, Elgin, IL 60120
  • /7

    $1,200 Per Month

    • 1 Bed
    • 1 Bath
    • 500 Sq Ft
    • Apartment for Rent

    370 Bent St Unit 1, Elgin, IL 60120

    Spacious and airy one-bedroom unit located on Elgin's desirable east side! This move-in-ready home features an inviting and functional floor plan with stylish updates throughout. Step into the bright and open living and dining room combo, filled with abundant natural light. The charming kitchen showcases a tasteful backsplash, while the updated bathroom offers a sleek stand-up shower. Enjoy

    Kate Roth Suburban Life Realty, Ltd

    370 Bent St Unit 1, Elgin, IL 60120
  • /12

    $1,450 Per Month

    • 1 Bed
    • 1 Bath
    • Condo for Rent

    119 Tennyson Ct, Elgin, IL 60120

    1st floor apartment with 1 bedroom and 1 bathroom. Fresh neutral paint and laminate flooring throughout. Coin laundry in basement.All adults over the age of 18 must apply. $40 application fee per adult. 580 minimum credit score, income must be greater than or equal to 3x monthly rent, no prior evictions, no felonies and no bankruptcies.

    119 Tennyson Ct, Elgin, IL 60120

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Why Live in Elgin

Elgin's extensive park system encompasses over 75 parks across 4,000 acres, including Lord's Park with its small zoo housing bison and elk. The Fox River Trail provides scenic paths for cycling and walking, while Wing Park features a swimming pool and ice rink for year-round recreation. Cultural attractions include the Hemmens Cultural Center, which hosts concerts and theater productions, and Side Street Studio Arts, supporting local artists through exhibitions and workshops. The historic downtown showcases Victorian architecture, complemented by the Elgin History Museum's collection of Elgin National Watch Company artifacts.

Home prices in Elgin vary by neighborhood and property type. The median price for single-family homes ranges from $257,500 in the Elgin National Watch Historic District to $570,000 in Far West Elgin. Providence and Far West Elgin represent the premium housing market, with median single-family home prices of $465,000 and $570,000 respectively. Condominiums present affordable options, with median prices of $54,500 for one-bedroom units and $229,000 for two-bedroom units. Townhomes have a median price of $311,100.

Property taxes in Kane County have an effective rate of 2.39%, higher than neighboring Cook County at 1.98%. The Illinois state income tax rate stands at 4.95%, with a combined sales tax rate of 8.89%. Educational options include highly rated private schools such as Elgin Academy, serving multiple neighborhoods and maintaining an A+ rating. Judson University maintains a campus in Elgin. Commuters can reach Chicago, 35 miles southeast, via I-90 or the Metra Milwaukee District West Line. Local dining highlights include Mockingbird Bar + Garden, known for farm-to-table cuisine, and The Saddle Room, which has earned 4.6 stars from 2,397 reviews.

Frequently Asked Questions

How much does it cost to rent a home in Elgin, IL?
The median rent for a home in Elgin, IL is $2,450 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Elgin, IL?
To comfortably afford the median rent in Elgin, IL, a household needs to earn roughly $98,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,450 per month in Elgin, IL, renters typically need to show $7,350 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Elgin, IL?
In Elgin, IL, the price-to-rent ratio is 12.3, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Elgin, IL are best for renting a home?
The best neighborhood for renting in Elgin, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Far West Elgin, Northeast Elgin, Gifford Park, Willow Lake Estates and Cobblers Crossing, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
56
Median Rent
$2,450
Median Single Family Home Rent
$2,373
Median Townhouse Rent
$2,023
Median Condo Rent
$1,550
How to Rent a Home