Homes & Apartments for Rent in 60120

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What to Know About

Life in Elgin & Beyond

Elgin shares many of the great qualities that make Illinois a desirable place to live.

Illinois is known for its rich cultural heritage, lively urban centers, and beautiful countryside landscapes. Explore the state's cultural heritage by visiting renowned museums such as the Lincoln Presidential Library and Museum, the Field Museum of Natural History, the Museum of Science and Industry, and the Art Institute of Chicago. The state also has a thriving theater and art scene, including the renowned Steppenwolf Theatre Company in Chicago. Illinois is also home to respected universities like the University of Illinois at Urbana-Champaign and Northwestern University.

Outdoor enthusiasts will love the scenic beauty of the Shawnee National Forest and the adventure-filled trails of the Starved Rock State Park. Sports fans will be in their element in Illinois, cheering on the Chicago Bears (NFL), Chicago Blackhawks (NHL), Chicago Cubs (MLB), Chicago White Sox (MLB), and Chicago Bulls (NBA). Experience famous attractions like the Willis Tower, Navy Pier, and the Lincoln Park Zoo. Also, enjoy the musicals and plays at Broadway-in-Chicago, festivals throughout the summer months, and culinary tours of the local restaurants.

With its vibrant cultural scene, exciting entertainment options, and top-notch educational opportunities, Illinois offers a high quality of life, making it a great place to live.

Rental Market Trends

Elgin, IL

As of October 2026, Elgin's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Elgin's average rent is 23.6% ($424) higher than the Illinois average of $1,796 and 22.0% ($401) higher than the U.S. average of $1,819.

Average Rent
$2,220
Monthly ChangeMonth Over Month Change
Decreased1.1% ($25)
Yearly ChangeYear Over Year Change
Decreased2.5% ($58)
Avg. Days on MarketAverage Days on Market
29
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $2,108 Decreased3.5% ($77) Increased11.2% ($213)
2 Beds $2,534 Decreased4.1% ($108) Increased1.3% ($32)
3 Beds $3,173 Decreased1.7% ($55) Increased8.9% ($259)
Nearby Cities Average Rent Avg. Rent vs. ElginAverage Rent vs. Elgin Avg. Days on MarketAverage Days on Market
South Elgin $2,124 Decreased4.3% ($96) 28 days
Dundee $2,549 Increased14.8% ($329) 32 days
Carpentersville $1,582 Decreased28.7% ($638) 26 days
Streamwood $2,612 Increased17.7% ($392) 34 days
St. Charles $2,015 Decreased9.2% ($205) 28 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Elgin Rental Market FAQs

Explore rental prices, market trends, and availability in Elgin, IL.

The average rent in Elgin, IL is $2,220 per month.
Homes in Elgin typically rent for between $1,476 and $4,125 per month, with an average of $2,220 per month.
In Elgin, the average rent for a 1-bedroom home is $2,108 per month, for a 2-bedroom home, $2,534 per month, and a 3-bedroom home is $3,173 per month.
The average rent in Elgin is 22% ($401) higher than the national average of $1,819 per month.
The average rent in Elgin has decreased by 1.1% ($25) in the last month and decreased by 2.5% ($58) over the past year.
The rental market in Elgin, IL, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Elgin, IL, the average rental stays on the market for approximately 29 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 22 rental properties available in Elgin, IL.
Based on the current averages, a household would need an annual income of $101,360 to comfortably afford a 2-bedroom home in Elgin.
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