Average Rent in Elk Grove Village, IL
1 apartment buildings, 5 units. Real asking prices, refreshed daily.
Avg Rent
$1,749/mo
market average
Cheapest
$1,627/mo
Cypress Place
Properties
1
tracked daily
Units
5
available now
Elk Grove Village, IL Resident Access
City Club members share insider gate codes, parking links, and amenity tips.
Analysis
Rent Price Breakdown
Compare pricing across all 1 properties in Elk Grove Village, IL.
Average Rent by Property
Starting Price vs Average
Rent by Bedroom Count
Price per Square Foot
Elk Grove Village, IL Rent Prices
All 1 properties ranked by lowest available rent.
| # | Property | From | Avg | $/sqft | Rating | Units |
|---|---|---|---|---|---|---|
| 1 | Cypress Place 975 Jefferson Square, Elk Grove Village, IL 60007, USA | $1,627 | $1,749 | $2.25 | 3.8 (105) | 5 |
Explore Each Property
Elk Grove Village, IL Average Rent Prices 2026
The average rent in Elk Grove Village, IL is $1,749 per month, based on 5 units across 1 apartment communities. Prices range from $1,627 at Cypress Place to $1,627 at Cypress Place.
Average Rent by Bedroom Type
| Type | Avg Rent | Starting From | Units |
|---|---|---|---|
| 1 Bed | $1,672/mo | $1,627/mo | 4 |
| 2 Bed | $2,059/mo | $2,059/mo | 1 |
Every price is a real asking rent, updated that morning. Request a neighborhood we don't cover and we add it within 24 hours.
Market Context
Who rents in Elk Grove Village, IL, and what they pay
Tracked one-bedroom rent in Elk Grove Village, IL averages $1,672/mo, with two-bedroom units averaging $2,059/mo. At the local median household income of $95,216, that works out to 22% of gross income, well within the 25 percent comfortable-rent threshold.
The U.S. Census Bureau's American Community Survey 2023 release pegged median gross rent in Elk Grove Village, IL at $1,574/mo. The current tracked market average runs 11% 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 Elk Grove Village, IL while the tracked market average covers units currently listed in larger apartment communities.
What salary do I need to live comfortably in Elk Grove Village, 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
$70,000/year
Based on the 30 percent rule, using our tracked average rent of $1,749/mo.
Comfortable income
$84,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,627/mo), you need to earn at least $65,000/year.
Median household income in Elk Grove Village, IL is $95,216 , about 13% above the comfortable-living threshold.
Cost of living in Elk Grove Village, IL
Overall prices in Elk Grove Village, 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 Elk Grove Village, IL's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,749 |
| Utilities | $477 |
| Groceries | $563 |
| Transportation | $1,138 |
| Healthcare | $555 |
| Other goods and services | $888 |
| Estimated total | $5,370/mo |
Population
32,132
Median household income
$95,216
Census median rent
$1,574/mo
Rent as % of income
32.7%
Median age
43.9
Mean commute
26 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.
Compare
Nearby cities in Illinois
How Elk Grove Village, IL rent compares to other markets in the state.
| City | Avg Rent | vs Elk Grove Village, IL | Properties |
|---|---|---|---|
| Chicago, IL | $3,481 | +99% | 31 |
| Aurora, IL | $2,173 | +24% | 13 |
| Schaumburg, IL | $2,186 | +25% | 12 |
| Peoria, IL | $1,324 | -24% | 11 |
| Springfield, IL | $1,264 | -28% | 10 |
| Rockford, IL | $1,344 | -23% | 10 |
Frequently asked questions
What is the average rent in Elk Grove Village, IL?
The average rent in Elk Grove Village, IL is $1,749 per month, based on 5 units across 1 apartment buildings tracked by Average Rent. Prices are refreshed daily.
What is the cheapest apartment rent in Elk Grove Village, IL?
The lowest available rent in Elk Grove Village, IL starts at $1,627 per month. Availability changes daily and prices are refreshed each morning.
How much is a 1-bedroom apartment in Elk Grove Village, IL?
1-bedroom apartments in Elk Grove Village, IL average $1,672/mo. The lowest listed 1-bedroom starts at $1,627/mo across 4 units tracked.
How much is a 2-bedroom apartment in Elk Grove Village, IL?
2-bedroom apartments in Elk Grove Village, IL average $2,059/mo. Units start from $2,059/mo across 1 units currently listed.
Rent Trends in Elk Grove Village, IL
Track how apartment prices are changing over time.
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