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 8% 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 $1,604. A 1-bedroom apartment in Southwest Elgin, Elgin, IL costs about $1,652 on average, while a 2-bedroom apartment is $1,935. Houses for rent in Southwest Elgin, Elgin, IL are more expensive, with an average monthly cost of $2,700.


1 bedroom	$1,756	No Change	-
2 bedroom	$1,852	No Change	-
3 bedroom	$2,750	41%	41%
4 bedroom	$3,400	-	-
Studio	$1,561	-	-

		Comparables
Gifford Park	$2,500
Grant Park	$1,900
Lake In The Hills Estates	$1,975
Near West Elgin	$1,861
Northeast Elgin	$1,939
Southeast Elgin	$2,100


Apartments	$1,604	No Change	No Change
Condos	$1,850	No Change	No Change
Houses	$2,700	18%	No Change

Studio

Average rent

$1,561

1 bedroom

Average rent

$1,756

2 bedroom

Average rent

$1,852

3 bedroom

Average rent

$2,750

Last 30 days

41%

Last year

41%

4 bedroom

Average rent

$3,400

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$2,100

11%

higher than the national median

Median rent price$2,500

32%

higher than the national median

Takeaway

The median rent for all rentals in Southwest Elgin, Elgin, IL is 16% lower 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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