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Average Rent in Elgin, IL & Rent Trends

What is the average rent in Elgin, IL?

The average listed apartment rent in Elgin, IL is $1,918 per month, as of November 8, 2026. This sample includes 164 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 6, 2026 through November 8, 2026. Buildings without a qualifying price do not count in this sample. The guide directory can include more buildings.

Rent prices and market trends across 8 apartment communities in Elgin, IL. Prices update after successful source checks.

Area All Areas
Elgin 60120 60123 60124
South Elgin 60177
West Dundee 60118
Beds All Bedrooms Studio 1 Bed 2 Bed 3 Bed

Showing any bedrooms in Elgin, IL.

Market Average

$1,918/mo

▼ 4% from last month

Lowest Available

$1,482/mo

cheapest unit on market

Communities

8

tracked daily

Units Listed

164

available now

Rent Watch: cuts and increases

Open Rent Watch →

See current options while we confirm new price comparisons. Filter by bedrooms and budget, then inspect each building’s history.

Rent by Neighborhood in Elgin, IL

Compare average rent across Elgin, IL neighborhoods. Click any area to see detailed trends. View these neighborhoods on the rent map

Neighborhood Avg Rent 30d Change From Properties Units
West Dundee 60118 $2,327 ▲  $63 $1,926 2 22
Elgin 60123 $1,872 ▼  $64 $1,785 1 7
Elgin 60120 $1,866 ▼  $66 $1,485 2 35
South Elgin 60177 $1,849 ▼  $19 $1,482 3 100

Is Rent Going Up or Down in Elgin, IL?

As of November 2026, the average rent in Elgin, IL is $1,918 per month across 8 apartment communities and 164 available units. Rents have decreased $80 (4%) over the past month.

The most affordable option is Authentix South Elgin starting at $1,482/mo. By unit type, a studio averages $1,529/mo, a 1-bedroom averages $1,756/mo, a 2-bedroom averages $2,107/mo, a 3-bedroom averages $2,740/mo.

Prices range from $1,482 to $3,000 per month. The most common price point is the $1,600 range, where 52 units are currently listed.

Elgin, IL Rent Price History

Timeframe
View as table
Month Avg Rent Change Properties
June 2026 $2,106 - 5
July 2026 $2,130 +$24 7
August 2026 $2,076 -$54 8
September 2026 $2,059 -$17 7
October 2026 $2,028 -$31 7
November 2026 $2,011 -$17 7

The trend line and monthly averages track each building's average listed price, recorded daily with outliers trimmed. The current month is a month-to-date figure, so it can sit above or below today's live market average shown at the top of this page.

Average Rent by Bedroom

Rent Price Distribution

Rent by Bedroom Type in Elgin, IL

Studio
$1,529
from $1,482 · 15 units
1 Bed
$1,756
from $1,485 · 69 units
2 Bed
$2,107
from $1,665 · 77 units
3 Bed
$2,740
from $2,648 · 3 units

Rent Prices by Apartment in Elgin, IL

Property Starting at Average Units Rating
Authentix South Elgin $1,482/mo $1,762/mo 62 4.7
Blackhawk Apartment Homes $1,485/mo $1,767/mo 30 3.6
Springs at South Elgin $1,529/mo $2,010/mo 30 4.5
Panton Mill Station $1,713/mo $1,923/mo 8 3.7
Buena Vista Apartments and Townhomes $1,785/mo $1,872/mo 7 4.2
Fountain Square on the River $1,900/mo $2,460/mo 5 4
1900 at Canterfield Apartment Homes $1,926/mo $2,279/mo 5 4.3

Frequently Asked Questions About Rent in Elgin, IL

How many bedrooms are you looking for?

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Any bedrooms

What is the average rent in Elgin, IL?
The average listed apartment rent in Elgin, IL is $1,918 per month, as of November 8, 2026. This sample includes 164 priced apartments in 8 buildings. These are tracked asking prices, not signed leases.

What rent range can I find in Elgin, IL?
The apartment listings we track in Elgin, IL range from $1,482 to $3,000 per month, as of November 8, 2026. These are the lowest and highest listed prices. They are not a typical price for every apartment. The building, floor plan, and lease terms can affect the price.

Are rents going up or down in Elgin, IL?
The daily building-average rent fell by $83 (4.0%) over 30 days between observations in October 2026 and November 2026. This compares recorded asking rents. The current month's figures may still be incomplete, and the building mix can change.

How much is a studio apartment in Elgin, IL?
Studio apartments average $1,529 per month across 15 priced listings in Elgin, IL. Listed rents range from $1,482 to $1,572 per month, as of November 8, 2026. Compare apartments with similar floor plans and lease terms.

How much is a 1-bedroom apartment in Elgin, IL?
1-bedroom apartments average $1,756 per month across 69 priced listings in Elgin, IL. Listed rents range from $1,485 to $2,200 per month, as of November 8, 2026. Compare apartments with similar floor plans and lease terms.

How much is a 2-bedroom apartment in Elgin, IL?
2-bedroom apartments average $2,107 per month across 77 priced listings in Elgin, IL. Listed rents range from $1,665 to $3,000 per month, as of November 8, 2026. Compare apartments with similar floor plans and lease terms.

How much is a 3-bedroom apartment in Elgin, IL?
3-bedroom apartments average $2,740 per month across 3 priced listings in Elgin, IL. Listed rents range from $2,648 to $2,800 per month, as of November 8, 2026. Compare apartments with similar floor plans and lease terms.

How do 1-bedroom and 2-bedroom rents compare in Elgin, IL?
The 1-bedroom average is $1,756 per month across 69 listings. The 2-bedroom average is $2,107 across 77 listings, $351 (20.0%) higher. This is a comparison of listing groups, not the cost to upgrade a specific apartment.

Which tracked building has the lowest starting rent in Elgin, IL?
Authentix South Elgin has the lowest starting rent among the buildings in the comparison table, at $1,482 per month. We track 62 priced listings matching your bedroom choice in that building, as of November 8, 2026. The starting price applies to its lowest-priced matching apartment. Check that apartment's latest price and availability.

Which rent range has the most listings in Elgin, IL?
The $1,600 to $1,800 monthly range has the most matching listings: 52 units, or 31.7% of the priced apartments we track in Elgin, IL. This count does not tell us how fast the apartments rent.

How many apartment listings do you track in Elgin, IL?
We track 164 priced units at 8 apartment buildings, as of November 8, 2026. This is not the total number of apartments in those buildings. A listing can change or become unavailable. Open the apartment details to check its latest status.

How much rent history is available for Elgin, IL?
We have recorded rent data on 120 days from June 2026 through November 2026 for apartment listings in Elgin, IL. Some dates can be missing. The chart only shows recorded data. The current month includes the days recorded so far.

Why can the headline rent differ from the trend chart in Elgin, IL?
The average at the top of the page gives each matching apartment equal weight. The chart first averages recorded prices within each building, then compares buildings. It removes the highest and lowest groups when at least ten buildings contribute and omits days with fewer than five buildings. Different dates, building counts, and listing mixes can produce different figures. The monthly table averages the recorded daily figures.

Does my bedroom choice change the prices and answers?
Yes. Your chosen area and bedroom count filter the asking rents, listing counts, rent ranges, and answers on this page. The active community exclusions are Student housing and 55+ / senior community and Corporate housing and Military / active duty housing and Veteran housing. When you choose a bedroom count, the history chart uses recorded prices for matching apartments with a known identity. If those records are missing, we leave the chart empty rather than use prices for other bedroom types. Open an individual apartment to check its own price history.

Do these rents include utilities, parking, and other fees?
We use the published total monthly rent when it is available and the base rent otherwise. Unknown fees are not zero. Utilities, parking, pet charges, deposits, and one-time costs can add to the amount you pay. Check the selected unit and lease terms for a complete quote.

How should I compare free-rent offers with listed rent?
A free-rent offer can reduce the effective cost over a lease without changing the listed monthly rent. Compare the same lease length and move-in date, then include required charges and the offer conditions. The market averages do not assume an unconfirmed discount.

Does this page represent every rental in the market?
These figures describe the priced apartment listings we track, not every rental home or every occupied apartment. Coverage and the mix of bedrooms, buildings, and locations can change. A lower market average does not prove that the same apartment received a price cut.

How fresh are the Elgin, IL rent figures?
We schedule rent updates each day, but buildings can have different price-check dates. The latest accepted price check for these listings was November 8, 2026. The month label does not mean we checked every price today. Open the building or apartment details for its latest price and availability.

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

$77,000/year

Based on the 30 percent rule, using our tracked average rent of $1,918/mo.

Comfortable income

$92,000/year

Based on the 25 percent rule, leaving more room for savings, transport, and groceries.

To afford the cheapest tracked apartment ($1,482/mo), you need to earn at least $59,000/year.

Median household income in Elgin, IL is $88,316 , about 4% below the comfortable-living threshold.

Explore Elgin, IL Apartments

Browse all 8 communities with daily-updated pricing and availability.

Browse All Apartments Find Your Match

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) $1,918
Utilities $477
Groceries $563
Transportation $1,138
Healthcare $555
Other goods and services $888
Estimated total $5,539/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.
Illinois Rent Trends
Compare rent across all Illinois cities
Elgin, IL Neighborhood Rent Map
See rent history by neighborhood on a map
Explore Elgin, IL on Map
See neighborhoods and rent data interactively
US-wide rent comparison
See how Elgin, IL rents stack up against the national median

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