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What Renters Must Photograph Before Moving In
Your landlord just gave you the keys. You're excited to move in, but one thing that could cost you hundreds later is not documenting what's already broken.
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Viewing 1-12 of 12 rentals in Elgin
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 June 2025, Elgin's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Elgin's average rent is 29.8% ($507) higher than the Illinois average of $1,703 and 23.9% ($426) higher than the U.S. average of $1,784.
Average Rent
$2,210
Monthly ChangeMonth Over Month Change
1% ($22)
Yearly ChangeYear Over Year Change
3.1% ($66)
Avg. Days on MarketAverage Days on Market
29
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,747 | 4.3% ($78) | 9.3% ($179) |
| 2 Beds | $2,624 | 1.1% ($28) | 12.5% ($292) |
| 3 Beds | $3,056 | 4.7% ($137) | 10.9% ($301) |
| Nearby Cities | Average Rent | Avg. Rent vs. ElginAverage Rent vs. Elgin | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| South Elgin | $2,237 | 1.2% ($27) | 28 days |
| Dundee | $2,374 | 7.4% ($164) | 32 days |
| Carpentersville | $1,518 | 31.3% ($692) | 26 days |
| Saint Charles | $2,281 | 3.2% ($71) | 32 days |
| Algonquin | $2,170 | 1.8% ($40) | 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.
The average rent in Elgin, IL is $2,210 per month.
Homes in Elgin typically rent for between $1,223 and $3,973 per month, with an average of $2,210 per month.
In Elgin, the average rent for a 1-bedroom home is $1,747 per month, for a 2-bedroom home, $2,624 per month, and a 3-bedroom home is $3,056 per month.
The average rent in Elgin is 23.9% ($426) higher than the national average of $1,784 per month.
The average rent in Elgin has decreased by 1.0% ($22) in the last month and increased by 3.1% ($66) 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 12 rental properties available in Elgin, IL.
Based on the current averages, a household would need an annual income of $104,960 to comfortably afford a 2-bedroom home in Elgin.
