Last updated
Average Rent in Elk Grove Village, IL & Rent Trends
Rent prices and market trends across 1 apartment community in Elk Grove Village, IL. Updated daily.
Market Average
$1,672/mo
Lowest Available
$1,627/mo
cheapest unit on market
Communities
1
tracked daily
Units Listed
4
available now
Is Rent Going Up or Down in Elk Grove Village, IL?
As of July 2026, the average rent in Elk Grove Village, IL is $1,672 per month across 1 apartment community and 4 available units.
The most affordable option is Cypress Place starting at $1,627/mo. By unit type, a 1-bedroom averages $1,672/mo.
Prices range from $1,627 to $1,782 per month. The most common price point is the $1,600 range, where 4 units are currently listed.
Rent by Bedroom Type in Elk Grove Village, IL
Rent Prices by Apartment in Elk Grove Village, IL
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Cypress Place | $1,627/mo | $1,672/mo | 4 | 3.8 |
Google Search Trends for Elk Grove Village, IL Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Elk Grove Village, IL
What is the average rent in Elk Grove Village, IL?
Is rent going up or down in Elk Grove Village, IL?
What is the cheapest apartment in Elk Grove Village, IL?
How much is a 1-bedroom apartment in Elk Grove Village, IL?
How many apartments are available in Elk Grove Village, IL?
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
$67,000/year
Based on the 30 percent rule, using our tracked average rent of $1,672/mo.
Comfortable income
$80,000/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 19% 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) | $1,672 |
| Utilities | $477 |
| Groceries | $563 |
| Transportation | $1,138 |
| Healthcare | $555 |
| Other goods and services | $888 |
| Estimated total | $5,293/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.
Explore Elk Grove Village, IL Apartments
Browse all 1 communities with daily-updated pricing and availability.