Average Rent in Southwest Elgin, Elgin, IL and Rent Price Trends

Rent price trends in
Southwest Elgin, Elgin, IL

Rent price trends

Rent prices for all bedroom counts and property types in Southwest Elgin, Elgin, IL have remained the same in the last month and have increased by 21% in the last year.

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

Rent comparables in
Southwest Elgin, Elgin, IL
The monthly rent for an apartment in Southwest Elgin, Elgin, IL is $2,045. A 1-bedroom apartment in Southwest Elgin, Elgin, IL costs about $1,450 on average, while a 2-bedroom apartment is $2,228. Houses for rent in Southwest Elgin, Elgin, IL are more expensive, with an average monthly cost of $2,500.


1 bedroom	$1,805	8%	38%
2 bedroom	$2,349	4%	31%
3 bedroom	$2,615	41%	67%
4 bedroom	$4,500	No Change	-
Studio	$1,725	-	-

		Comparables
Gifford Park	$1,950
Grant Park	$2,027
Lake In The Hills Estates	$2,080
Near West Elgin	$1,845
Northeast Elgin	$2,285
Southeast Elgin	$2,150


Apartments	$2,045	8%	No Change
Condos	$2,100	No Change	No Change
Houses	$2,500	No Change	No Change

Studio

Average rent

$1,725

1 bedroom

Average rent

$1,805

Last 30 days

Last year

38%

2 bedroom

Average rent

$2,349

Last 30 days

Last year

31%

3 bedroom

Average rent

$2,615

Last 30 days

41%

Last year

67%

4 bedroom

Average rent

$4,500

The table above reflects average rent prices in Southwest Elgin, 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 Southwest Elgin, Elgin, IL to other neighborhoods

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

Southwest Elgin

Median rent price$2,063

higher than the national median

Median rent price$1,950

Equal to the the national median

Takeaway

The median rent for all rentals in Southwest Elgin, Elgin, IL is 6% higher than the median rent in Gifford Park, Elgin, IL.

More data insights and reports

National Rent Report

Canadian Rent Report

Annual Rent Report

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