Average Rent in Elgin, IL
What is the average rent in Elgin, IL?
The average listed apartment rent in Elgin, IL is $1,942 per month, as of November 13, 2026. This sample includes 165 priced apartments in 8 buildings. These are tracked asking prices, not signed leases.
We use published total monthly rent when known and base rent otherwise. Unknown fees remain unknown. Included building observations run from November 7, 2026 through November 13, 2026. Buildings without a qualifying price do not count in this sample. The guide directory can include more buildings.
8 apartment buildings, 165 units. Recorded asking prices and price history where available.
Browse apartments in Elgin, ILCheapest
$1,455/mo
Blackhawk Apartment Homes
Properties
8
tracked daily
Units
165
available now
Elgin, IL Resident Access
City Club members share insider gate codes, parking links, and amenity tips.
Analysis
Rent Price Breakdown
Compare pricing across all 8 properties in Elgin, IL.
Average rent trend, last 3 months
All bedroom types, citywide. Choose a window above to scope the view.
Average Rent by Property
Starting Price vs Average
Rent by Bedroom Count
Price per Square Foot
Elgin, IL Rent Prices
All 8 properties ranked by lowest available rent.
Blackhawk Apartment Homes
926 Congdon Ave, Elgin, IL 60120, USA
Authentix South Elgin
1300 N Lancaster Rd, South Elgin, IL 60177, USA
Springs at South Elgin
350 Gyorr Ave, South Elgin, IL 60177, USA
Panton Mill Station
355 N La Fox St, South Elgin, IL 60177, USA
Buena Vista Apartments and Townhomes
1285 Fleetwood Dr #109, Elgin, IL 60123, USA
Fountain Square on the River
50 S Grove Ave, Elgin, IL 60120, USA
1900 at Canterfield Apartment Homes
1900 Canterfield Pkwy E, West Dundee, IL 60118, USA
| # | Property | From | Avg | $/sqft | Rating | Units |
|---|---|---|---|---|---|---|
| 1 | Blackhawk Apartment Homes 926 Congdon Ave, Elgin, IL 60120, USA | $1,455 | $1,761 | $2.14/ft² | 3.6 (182) | 28 |
| 2 | Authentix South Elgin 1300 N Lancaster Rd, South Elgin, IL 60177, USA | $1,500 | $1,765 | $2.36/ft² | 4.7 (6) | 62 |
| 3 | Springs at South Elgin 350 Gyorr Ave, South Elgin, IL 60177, USA | $1,529 | $2,041 | $1.99/ft² | 4.5 (136) | 28 |
| 4 | Panton Mill Station 355 N La Fox St, South Elgin, IL 60177, USA | $1,713 | $1,922 | $2.16/ft² | 3.7 (36) | 8 |
| 5 | Buena Vista Apartments and Townhomes 1285 Fleetwood Dr #109, Elgin, IL 60123, USA | $1,785 | $1,872 | $2.61/ft² | 4.2 (93) | 7 |
| 6 | Fountain Square on the River 50 S Grove Ave, Elgin, IL 60120, USA | $1,900 | $2,460 | -- | 4 (27) | 5 |
| 7 | 1900 at Canterfield Apartment Homes 1900 Canterfield Pkwy E, West Dundee, IL 60118, USA | $1,926 | $2,439 | $2.28/ft² | 4.3 (224) | 8 |
Rent & Price History by Building
Compare apartment listings by price, bedrooms, and neighborhood.
Blackhawk Apartment Homes
3.6 (182)926 Congdon Ave, Elgin, IL 60120, USA
Authentix South Elgin
4.7 (6)1300 N Lancaster Rd, South Elgin, IL 60177, USA
Springs at South Elgin
4.5 (136)350 Gyorr Ave, South Elgin, IL 60177, USA
Panton Mill Station
3.7 (36)355 N La Fox St, South Elgin, IL 60177, USA
Buena Vista Apartments and Townhomes
4.2 (93)1285 Fleetwood Dr #109, Elgin, IL 60123, USA
Fountain Square on the River
4 (27)50 S Grove Ave, Elgin, IL 60120, USA
By Area
Elgin, IL neighborhoods
Tracked buildings across 4 named neighborhoods. Pick one to see its apartments.
Elgin, IL Average Rent Prices 2026
The average listed rent in Elgin, IL is $1,942 per month, based on 165 units across 8 apartment communities. Prices range from $1,455 at Blackhawk Apartment Homes to $3,000 at Fountain Square on the River.
Average Rent by Bedroom Type
| Type | Avg Rent | Starting From | Units |
|---|---|---|---|
| Studio | $1,543/mo | $1,500/mo | 13 |
| 1 Bed | $1,757/mo | $1,455/mo | 70 |
| 2 Bed | $2,132/mo | $1,670/mo | 78 |
| 3 Bed | $2,770/mo | $2,629/mo | 4 |
We schedule daily price checks. The included observations can have different dates. Request an area we do not cover so we can review it for coverage.
Market Context
Who rents in Elgin, IL, and what they pay
Tracked one-bedroom rent in Elgin, IL averages $1,757/mo , with two-bedroom units averaging $2,132/mo. At the local median household income of $88,316, that works out to 26% of gross income, near the 30 percent affordability ceiling.
The U.S. Census Bureau's American Community Survey 2023 release pegged median gross rent in Elgin, IL at $1,260/mo. The current tracked market average runs 54% higher than that benchmark, reflecting both two to three years of rent growth and the fact that the Census figure covers all renter-occupied housing in Elgin, IL while the tracked market average covers units currently listed in larger apartment communities.
What salary do I need to live comfortably in Elgin, IL?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$78,000/year
Based on the 30 percent rule, using our tracked average rent of $1,942/mo.
Comfortable income
$93,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,455/mo), you need to earn at least $58,000/year.
Median household income in Elgin, IL is $88,316 , about 5% below the comfortable-living threshold.
Cost of living in Elgin, IL
Overall prices in Elgin, IL runs above the national average by about 2% (BEA Regional Price Parity index 102.5, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Elgin, IL's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,942 |
| Utilities | $477 |
| Groceries | $563 |
| Transportation | $1,138 |
| Healthcare | $555 |
| Other goods and services | $888 |
| Estimated total | $5,563/mo |
Population
114,106
Median household income
$88,316
Census median rent
$1,260/mo
Census rent burden
28.5%
Median age
36.3
Mean commute
28 min
Methodology
Rent data
We use listed asking rents and schedule daily data updates. Individual buildings can have different verification dates. Check the building or unit page for its latest price and availability.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
We estimate annual income by dividing annual rent by 30 percent for the affordability figure and 25 percent for the comfortable-income figure. These estimates are a guide, not a guarantee of rental approval.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Compare
Nearby cities in Illinois
How Elgin, IL rent compares to other markets in the state.
| City | Avg Rent | vs Elgin, IL | Properties |
|---|---|---|---|
| Chicago, IL | $3,104 | +60% | 36 |
| Aurora, IL | $2,095 | +8% | 15 |
| Schaumburg, IL | $2,345 | +21% | 13 |
| Naperville, IL | $2,400 | +24% | 12 |
| Rockford, IL | $1,330 | -32% | 12 |
| Evanston, IL | $3,137 | +62% | 11 |
Frequently asked questions
What is the average rent in Elgin, IL?
The average listed apartment rent in Elgin, IL is $1,942 per month, as of November 13, 2026. This sample includes 165 priced apartments in 8 buildings. These are tracked asking prices, not signed leases.
What is the median rent in Elgin, IL?
The median asking rent in Elgin, IL is $1,900 per month, computed from 165 priced listings; check the observation dates shown on this page. The average is $1,942/mo; the median resists skew from luxury listings.
What is the cheapest apartment rent in Elgin, IL?
The lowest available rent in Elgin, IL starts at $1,455 per month. Confirm current availability, fees, and lease terms with the selected listing.
How much is a 1-bedroom apartment in Elgin, IL?
1-bedroom apartments in Elgin, IL average $1,757/mo. The lowest listed 1-bedroom starts at $1,455/mo across 70 units tracked.
How much is a 2-bedroom apartment in Elgin, IL?
2-bedroom apartments in Elgin, IL average $2,132/mo. Units start from $1,670/mo across 78 units currently listed.
Rent Trends in Elgin, IL
Track how apartment prices are changing over time.
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