Average Rent in Elgin, IL and Rent Price Trends

Rent price trends in
Elgin, IL

Rent price trends

Rent prices for all bedroom counts and property types in Elgin, IL have remained the same in the last month and have decreased by 7% in the last year.

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Rent comparables in
Elgin, IL
The monthly rent for an apartment in Elgin, IL is $1,825. A 1-bedroom apartment in Elgin, IL costs about $1,825 on average, while a 2-bedroom apartment is $2,159. Houses for rent in Elgin, IL are more expensive, with an average monthly cost of $2,280.


1 bedroom	$1,822	1%	4%
2 bedroom	$1,790	No Change	10%
3 bedroom	$2,572	4%	No Change
4 bedroom	$3,300	4%	22%
Studio	$1,531	11%	61%

		Comparables
Downtown Elgin	$1,937
Eagle Heights	$1,756
Gifford Park	$1,985
Grant Park	$1,576
Near West Elgin	$1,975
North Country Knolls	$1,899
Northeast Elgin	$1,900
Parkwood	$1,906
Valley Creek Southwest	$2,008
Willow Lakes Estates	$1,790


Apartments	$1,825	5%	No Change
Condos	$1,700	5%	No Change
Houses	$2,280	3%	No Change

Studio

Average rent

$1,531

Last 30 days

11%

Last year

61%

1 bedroom

Average rent

$1,822

Last 30 days

Last year

2 bedroom

Average rent

$1,790

Last 30 days

No Change

Last year

10%

3 bedroom

Average rent

$2,572

Last 30 days

Last year

No Change

4 bedroom

Average rent

$3,300

Last 30 days

Last year

22%

The table above reflects average rent prices in Elgin, IL, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

Compare rent prices in Elgin, IL to other cities

Median rent prices in Elgin, IL for all bedroom counts and property types compared to Aurora, IL.

Elgin

Median rent price$1,962

higher than the national median

Median rent price$2,195

14%

higher than the national median

Takeaway

The median rent for all rentals in Elgin, IL is 11% lower than the median rent in Aurora, IL.

More data insights and reports

National Rent Report

Canadian Rent Report

Annual Rent Report

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