Rentometer, Inc. | Data as of 10/23/2025
Elgin’s rental market offers a blend of convenience and Southern charm, drawing both young professionals and growing families to its historic streets and easy‑access commuter routes to Austin. The city’s core features a revitalized downtown with boutique shops, local eateries, and the iconic Elgin State Bank building, while nearby parks such as Elgin Community Park and Lake Bastrop provide ample outdoor recreation. Neighborhoods like the historic Old Town district and newer developments near the I‑35 corridor give renters a range of housing styles, from walk‑able apartments to spacious single‑family homes with mature trees and quiet cul‑de‑sacs.
Apartment seekers will find one‑bedroom units generally in the $1000 range and two‑bedroom options around $1250, reflecting Elgin’s reputation for affordable yet comfortable living. Larger households tend toward the city’s well‑maintained houses, with three‑bedroom homes typically near the $1900 range and four‑plus‑bedroom properties approaching the $2000 range. These figures illustrate a market that balances cost‑effectiveness with quality, making Elgin an attractive destination for renters seeking value without sacrificing amenities. Proximity to major highways, reputable schools, and cultural attractions like the Texas Musicians Museum further enhance the city’s appeal, positioning Elgin as a vibrant, family‑friendly rental hub within Central Texas.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $1,027 | $1,011 | $913 - $1,150 | $914 - $1,150 |
| Apartment | 2 Bedroom | $1,274 | $1,219 | $1,092 - $1,460 | $1,160 - $1,450 |
| House | 3 Bedroom | $1,917 | $1,850 | $1,560 - $2,750 | $1,750 - $1,975 |
| House | 4+ Bedroom | $1,992 | $1,970 | $1,700 - $3,100 | $1,910 - $2,050 |
In the current period, the average rent in Elgin was $1,028 for 1 Bedroom, $1,314 for 2 Bedroom, $1,874 for 3 Bedroom, and $1,907 for 4+ Bedroom.
Data provided by Rentometer, Inc.