Last updated
Average Rent in Elgin 60120 & Rent Trends
Rent prices and market trends across 1 apartment community in Elgin 60120, Elgin IL. Updated daily.
Market Average
$1,697/mo
Lowest Available
$1,550/mo
cheapest unit on market
Communities
1
tracked daily
Units Listed
27
available now
Elgin 60120 vs Elgin IL Average
Elgin 60120 is cheaper the Elgin IL average by $282/mo (14%). The citywide average is $1,979/mo across all neighborhoods.
Is Rent Going Up or Down in Elgin 60120?
As of May 2026, the average rent in Elgin 60120 is $1,697 per month across 1 apartment community and 27 available units.
The most affordable option is Blackhawk Apartment Homes starting at $1,550/mo. By unit type, a 2-bedroom averages $1,697/mo.
Prices range from $1,550 to $1,905 per month. The most common price point is the $1,600 range, where 19 units are currently listed.
Elgin 60120 Rent Price History
Collecting price history
Daily snapshots are being recorded. Trend charts will appear once we have enough data points.
Rent Price Distribution
Rent by Bedroom Type in Elgin 60120
Rent Prices by Apartment in Elgin 60120
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Blackhawk Apartment Homes | $1,550/mo | $1,697/mo | 27 | 3.6 |
Google Search Trends for Elgin 60120 Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Elgin 60120
What is the average rent in Elgin 60120?
Is rent going up or down in Elgin 60120?
What is the cheapest apartment in Elgin 60120?
How many apartments are available in Elgin 60120?
What salary do I need to live comfortably in Elgin 60120?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$68,000/year
30 percent rule -- using our average rent of $1,697/mo.
Comfortable income
$81,000/year
25 percent rule -- leaves more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,550/mo), you need to earn at least $62,000/year.
Median household income in Elgin 60120 is $88,316 , about 8% above the comfortable-living threshold.
Cost of living in Elgin 60120
Overall prices in Elgin 60120 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 60120's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,697 |
| Utilities | $477 |
| Groceries | $563 |
| Transportation | $1,138 |
| Healthcare | $555 |
| Other goods and services | $888 |
| Estimated total | $5,318/mo |
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.
Explore Elgin 60120 Apartments
Browse all 1 communities with daily-updated pricing and availability.