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Newest Homes for Rent in Elgin, IL

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  • /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
  • /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
  • /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
  • /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
  • /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
  • /22

    $2,450 Per Month

    • 2 Beds
    • 2.5 Baths
    • 2,196 Sq Ft
    • Townhouse for Rent

    2444 Emily Ln Unit 2444, Elgin, IL 60124

    Welcome to 2444 Emily Lane in Elgin! Pride of ownership shines throughout this spacious end-unit split-level rental offering a flexible floor plan and plenty of room to spread out. The main level features a bright living room, while the lower level offers a comfortable family room, creating separate spaces for relaxing and entertaining. The primary suite includes a private bath and sitting area,

    Brandy Schuldt Keller Williams North Shore West

    2444 Emily Ln Unit 2444, Elgin, IL 60124
  • /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
  • /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
  • /10

    $1,400 Per Month

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

    40 Dupage Ct Unit 307, Elgin, IL 60120

    Now Leasing: Luxury Apartment with Modern Finishes! Discover the perfect blend of style, comfort, and convenience in this modern luxury apartment brand new in 2025! Designed for modern living, this stunning residence features high ceilings, sleek quartz countertops, and premium finishes throughout. All units in the building are equipped with top-of-the-line stainless steel appliances, including a

    Andrew Stoll Stoll Real Estate

    40 Dupage Ct Unit 307, Elgin, IL 60120
  • /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
  • /27

    $2,450 Per Month

    • 3 Beds
    • 2 Baths
    • 1,634 Sq Ft
    • Townhouse for Rent

    708 Michigan Ave Unit 10, South Elgin, IL 60177

    Welcome to this charming home featuring 3 spacious bedrooms, 2 full bathrooms, ample living room for gatherings which connects to the kitchen and dining space, additionally 1 Car garage and 1 driveway space and plenty of street parking. Do not miss this opportunity, schedule your tour today! Photos from Unit 710, located on the right side, they are exactly the same.

    Leslie Cifuentes Keller Williams ONEChicago

    708 Michigan Ave Unit 10, South Elgin, IL 60177
  • /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
  • /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
  • /2

    $1,650 Per Month

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

    Unlisted Address

    Beautiful Elgin condo for rent. Historical Shoe Factory Lofts were built in 1891. Exposed brick interior, 16 ft. ceilings, oversized windows, hardwood floors throughout, and Washer and Dryer in unit. Secure building with elevator. Breakfast bar, gas stove, dishwasher. Smoke-free and no pets.

    Keri Cannizzo eXp Realty

    Unlisted Address
  • /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
  • /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
  • /8

    $1,650 Per Month

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

    418 Saint Charles St Unit B, Elgin, IL 60120

    AVAILABLE NOW, WELL CARED FOR SECOND FLOOR UNIT WITH FRESH PAINT, NEW FLOORING THROUGHOUT, NEW REFRIGERATOR, NEW OVEN, CLEAN AND READY FOR MOVE IN. BASEMENT SPACE FOR STORAGE AND WASHER/DRYER. RENT INCLUDES WATER.

    Saverino Carrozza Carriage Real Estate

    418 Saint Charles St Unit B, Elgin, IL 60120
  • /17

    $3,400 Per Month

    • 3 Beds
    • 1.5 Baths
    • 1,092 Sq Ft
    • House for Rent

    31W742 Il Route 58, Elgin, IL 60120

    Updated brick ranch featuring an attached 1.5-car garage, 3 bedrooms, 1.5 baths, and a finished basement with office and recreation room. Situated on a large private lot with abundant parking for work vehicles, trailers, or multiple cars. Ideal for landscapers, roofers, contractors, or any tenant needing extensive off-street parking and storage space. The rear portion of the property offers

    Rosa Bueno United Real Estate - Chicago

    31W742 Il Route 58, 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
  • /19

    $3,800 Per Month

    • 4 Beds
    • 2.5 Baths
    • 2,273 Sq Ft
    • House for Rent

    1234 N Lyle Ave, Elgin, IL 60123

    Nestled in a beautiful, serene neighborhood, this wonderful residence perfectly blends peaceful living with daily convenience. Bathed in abundant natural light, the bright and airy interior instantly feels like home. The heart of the house features a beautifully appointed kitchen, showcasing rich cherry cabinetry and elegant granite countertops. Step outside into your private oasis-a sprawling,

    Andy Quiroz Diamond Homes Realty

    1234 N Lyle Ave, Elgin, IL 60123
  • /24

    $1,800 Per Month

    • 2 Beds
    • 1 Bath
    • 1,200 Sq Ft
    • Apartment for Rent

    276 Morgan St Unit 1, Elgin, IL 60123

    Welcome into the charming and expansive covered front porch to this 1st floor 2 bedroom 1 bath unit. Approximately 1200 sq ft of living space includes a large living room, dining room and kitchen. The basement is exclusively for the 1st floor tenants. It provides as a huge area for storage as well as possible family room or whatever you might want extra space for. Back door exits to a shared

    Sharon Mennerick HomeSmart Connect LLC

    276 Morgan St Unit 1, Elgin, IL 60123
  • /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
  • /8

    $1,475 Per Month

    • 2 Beds
    • 1 Bath
    • 800 Sq Ft
    • Apartment for Rent

    1300 Getzelman Dr Unit 6, Elgin, IL 60123

    TWO BEDROOMS ON THE THIRD FLOOR OF A WELL-MAINTAINED BUILDING! FRESH PAINT AND NEW FLOORS THROUGHOUT WITH IMMEDIATE OCCUPANCY. THE UNIT OFFERS A SPACIOUS LIVING ROOM BRIGHT AND LARGE EAT-IN KITCHEN, A NEW REFRIGERATOR AND STOVE, A SPACIOUS BALCONY, STORAGE AREA IN THE LAUNDRY ROOM. COIN-OPERATED WASHER/DRYER. THE HEAT, WATER/SEWER & GARBAGE ARE PROVIDED. TENANT PAYS ELECTRIC ONLY. THE BUILDING IS

    Saverino Carrozza Carriage Real Estate

    1300 Getzelman Dr Unit 6, Elgin, IL 60123
  • /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
  • /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
  • /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
  • /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
  • /11

    $1,550 Per Month

    • 2 Beds
    • 1 Bath
    • Condo for Rent

    119 Tennyson Ct, Elgin, IL 60120

    Top floor unit with 2 bed and 1 bath. Neutral paint, laminate flooring. 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
  • /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
  • /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
  • /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

    $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
  • /17

    $1,700 Per Month

    • 2 Beds
    • 1 Bath
    • 800 Sq Ft
    • Apartment for Rent

    420 Prospect Blvd Unit 1-N, Elgin, IL 60120

    Live like a celebrity in this newly rehabbed apartment located at 420 Prospect Blvd Unit 1-N, Elgin, IL 60120. Available May 1st, 2026. This beautifully updated unit features two spacious bedrooms and one fully renovated bathroom, offering a modern and comfortable living space. Enjoy laminated hardwood floors, crisp white walls, and oversized new windows that flood the home with natural sunlight.

    Hugo Galicia Home First Realty Inc

    420 Prospect Blvd Unit 1-N, Elgin, IL 60120
  • /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
  • /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
  • /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
  • /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
  • /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
  • /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

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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