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 July 2025, Elgin's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Elgin's average rent is 26.3% ($458) higher than the Illinois average of $1,743 and 24.0% ($426) higher than the U.S. average of $1,775.

Average Rent

$2,201

Monthly ChangeMonth Over Month Change

0.4% ($9)

Yearly ChangeYear Over Year Change

0.5% ($10)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$2,063	18.1% ($316)	7.5% ($144)
2 Beds	$2,628	0.2% ($4)	9.5% ($228)
3 Beds	$3,061	0.2% ($5)	14.7% ($393)

Nearby Cities	Average Rent	Avg. Rent vs. ElginAverage Rent vs. Elgin	Avg. Days on MarketAverage Days on Market
South Elgin	$2,221	0.9% ($20)	28 days
Dundee	$2,374	7.9% ($173)	32 days
Carpentersville	$1,511	31.3% ($690)	26 days
Saint Charles	$2,259	2.6% ($58)	32 days
Algonquin	$2,051	6.8% ($150)	35 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.

What is the average rent in Elgin, IL?

The average rent in Elgin, IL is $2,201 per month.

What is the rental price range for apartments in Elgin, IL?

Apartments in Elgin typically rent for between $1,444 and $3,979 per month, with an average of $2,201 per month.

What is the average rent for different bedroom sizes in Elgin, IL?

In Elgin, the average rent for a 1-bedroom apartment is $2,063 per month, for a 2-bedroom apartment, $2,628 per month, and a 3-bedroom apartment is $3,061 per month.

How do rent prices in Elgin, IL compare with the national average?

The average rent in Elgin is 24% ($426) higher than the national average of $1,775 per month.

How have rent prices in Elgin, IL changed recently?

The average rent in Elgin has decreased by 0.4% ($9) in the last month and decreased by 0.5% ($10) over the past year.

How competitive is the rental market in Elgin, IL?

The rental market in Elgin, IL, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.

How long do rentals stay on the market in Elgin, IL?

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.

How many rental properties are available in Elgin, IL?

There are currently 27 rental properties available in Elgin, IL.

Can I afford to rent an apartment in Elgin, IL?

Based on the current averages, a household would need an annual income of $105,120 to comfortably afford a 2-bedroom apartment in Elgin.