Last updated July 29, 2026

Average Rent in Elgin, IL & Rent Trends

Rent prices and market trends across 7 apartment communities in Elgin, IL. Updated daily.

Area All Areas

Elgin 60120 60124

South Elgin 60177

West Dundee 60118

Beds All Bedrooms Studio 1 Bed 2 Bed 3 Bed

Market Average

$2,127/mo

▲ +1.8% from last month

Lowest Available

$1,350/mo

cheapest unit on market

Communities

tracked daily

Units Listed

134

available now

Rent by Neighborhood in Elgin, IL

Compare average rent across Elgin, IL neighborhoods. Click any area to see detailed trends.

Neighborhood	Avg Rent	30d Change	From	Properties	Units
Elgin 60124	$2,366	$0	$1,930	1	39
West Dundee 60118	$2,317	▲ $57	$1,983	1	6
South Elgin 60177	$2,090	▼ $79	$1,612	3	60
Elgin 60120	$1,844	▲ $404	$1,350	2	29

Is Rent Going Up or Down in Elgin, IL?

As of July 2026, the average rent in Elgin, IL is $2,127 per month across 7 apartment communities and 134 available units. Rents have increased $38 (1.8%) over the past month.

The most affordable option is Blackhawk Apartment Homes starting at $1,350/mo. By unit type, a studio averages $2,121/mo, a 1-bedroom averages $1,897/mo, a 2-bedroom averages $2,312/mo, a 3-bedroom averages $3,000/mo.

Prices range from $1,350 to $3,200 per month. The most common price point is the $1,600 range, where 32 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	$2,131	+$25	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

$2,121

from $1,612 · 52 units

1 Bed

$1,897

from $1,350 · 39 units

2 Bed

$2,312

from $1,580 · 41 units

3 Bed

$3,000

from $2,800 · 2 units

Rent Prices by Apartment in Elgin, IL

Property	Starting at	Average	Units	Rating
Blackhawk Apartment Homes	$1,350/mo	$1,644/mo	22	3.6
Authentix South Elgin	$1,612/mo	$1,931/mo	25	4.7
Springs at South Elgin	$1,750/mo	$2,287/mo	26	4.5
Panton Mill Station	$1,750/mo	$1,965/mo	9	3.7
Fountain Square on the River	$1,800/mo	$2,471/mo	7	4
Watermark at the Grove	$1,930/mo	$2,366/mo	39	4.3
1900 at Canterfield Apartment Homes	$1,983/mo	$2,317/mo	6	4.3

Frequently Asked Questions About Rent in Elgin, IL

What is the average rent in Elgin, IL?

The average rent in Elgin, IL is $2,127 per month as of July 2026, based on 134 units across 7 apartment communities.

Is rent going up or down in Elgin, IL?

Rent in Elgin, IL has increased $38 (1.8%) over the past month. The current average is $2,127/mo.

What is the cheapest apartment in Elgin, IL?

The most affordable apartment in Elgin, IL is Blackhawk Apartment Homes with units starting at $1,350/mo.

How much is a 1-bedroom apartment in Elgin, IL?

A 1-bedroom apartment in Elgin, IL averages $1,897/mo, with prices starting at $1,350/mo across 39 available units.

How many apartments are available in Elgin, IL?

There are 134 units available across 7 apartment communities in Elgin, IL.

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

$85,000/year

Based on the 30 percent rule, using our tracked average rent of $2,127/mo.

Comfortable income

$102,000/year

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

To afford the cheapest tracked apartment ($1,350/mo), you need to earn at least $54,000/year.

Median household income in Elgin, IL is $88,316 , about 13% 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	Source
Rent (market average)	$2,127	daily refresh
Utilities	$477	BLS × BEA RPP
Groceries	$563	BLS × BEA RPP
Transportation	$1,138	BLS × BEA RPP
Healthcare	$555	BLS × BEA RPP
Other goods and services	$888	BLS × BEA RPP
Estimated total	$5,748/mo	$68,981/year

Population

114,106

Median household income

$88,316

Census median rent

$1,260/mo

Rent as % of income

28.5%

Median age

36.3

Mean commute

28 min

Methodology

Rent data

Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.

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

Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.

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

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