Rentometer, Inc. | Data as of 10/23/2025
Elgin’s rental market offers a diverse mix of apartments and single‑family homes, catering to both young professionals and growing families. Downtown Elgin, with its historic architecture, lively arts scene, and easy access to the Metra line, remains a popular hub for renters seeking walkable amenities, boutique dining, and cultural venues such as the Elgin Symphony Orchestra and the Fox Theatre. Suburban neighborhoods like Fox River Grove and South Elgin provide quieter residential streets, parks, and convenient routes to major highways, making them ideal for commuters who value a balance of convenience and community.
Apartment options range from studio units typically priced in the $1100s to spacious three‑bedroom layouts that approach the $2500s, while one‑ and two‑bedroom apartments commonly fall within the $1400s to $2000 range. For renters preferring the privacy of a house, single‑bedroom homes start near the $1200s, and larger family‑size properties can exceed the $3500 range for four‑plus bedroom configurations. The city’s blend of newer developments and well‑maintained older properties ensures a variety of styles and price points, supporting a vibrant rental ecosystem.
Elgin’s appeal is further enhanced by its proximity to natural attractions like the Fox River Trail and the nearby Forest Preserve, offering residents ample outdoor recreation opportunities. Excellent schools, a growing retail corridor along Randall Road, and a strong sense of community make Elgin a welcoming destination for renters seeking both affordability and quality of life within the Greater Chicago area.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,108 | $1,125 | $1,025 - $1,175 | $1,025 - $1,175 |
| Apartment | 1 Bedroom | $1,483 | $1,390 | $750 - $2,612 | $1,200 - $1,585 |
| Apartment | 2 Bedroom | $1,978 | $1,810 | $1,202 - $3,100 | $1,600 - $2,450 |
| Apartment | 3 Bedroom | $2,480 | $2,512 | $1,700 - $3,300 | $1,910 - $3,100 |
| House | 1 Bedroom | $1,216 | $1,250 | $700 - $1,700 | $700 - $1,700 |
| House | 2 Bedroom | $1,941 | $1,900 | $1,450 - $2,600 | $1,750 - $2,100 |
| House | 3 Bedroom | $2,529 | $2,475 | $900 - $3,995 | $2,160 - $2,875 |
| House | 4+ Bedroom | $3,522 | $3,300 | $2,400 - $5,500 | $2,675 - $4,299 |
In the current period, the average rent in Elgin was $1,108 for Studio, $1,458 for 1 Bedroom, $1,969 for 2 Bedroom, $2,522 for 3 Bedroom, and $3,428 for 4+ Bedroom.
Data provided by Rentometer, Inc.