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Homes & Apartments for Rent in Elk Grove Village, IL

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What to Know About

Life in Elk Grove Village & Beyond

Elk Grove Village 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

Elk Grove Village, IL

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As of November 2026, Elk Grove Village's rental market is stable, with rentals spending about 29 days on the market, about the same as in Illinois (29), and rents up 1.3% over the past year. Elk Grove Village's average rent is 24.8% ($605) lower than the Illinois average of $2,439 and 9.9% ($202) lower than the U.S. average of $2,036.

Average Rent
$1,834
Monthly ChangeMonth Over Month Change
Decreased0.10% ($2)
Yearly ChangeYear Over Year Change
Increased1.3% ($24)
Days on Market
29
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,658 Increased0.08% ($1) Increased2.8% ($46)
2 Beds $1,979 Decreased0.14% ($3) Decreased1.0% ($19)
3 Beds $3,205 Increased0.17% ($5) Decreased0.7% ($24)
Nearby Cities Average Rent Avg. Rent vs. Elk Grove VillageAverage Rent vs. Elk Grove Village Days on Market
Itasca $2,327 Increased26.9% ($493) 31 days
Bensenville $2,069 Increased12.8% ($235) 29 days
Mount Prospect $2,088 Increased13.8% ($254) 31 days
Des Plaines $2,285 Increased24.6% ($451) 27 days
Schaumburg $2,158 Increased17.7% ($324) 28 days
Based on rentals advertised on RentalSource in and around Elk Grove Village.
Frequently Asked Questions
Elk Grove Village Rental Market FAQs

Explore rental prices, market conditions, and affordability in Elk Grove Village, IL.

The average rent in Elk Grove Village, IL is $1,834 per month.
In Elk Grove Village, the average rent is $1,658 per month for a 1-bedroom home, $1,979 for a 2-bedroom home and about $3,205 for a 3-bedroom home.
The average rent in Elk Grove Village is 9.9% ($202) lower than the national average of $2,036 per month.
The rental market in Elk Grove Village, IL is currently stable, with rentals spending about 29 days on the market, about the same as in Illinois (29), and rents up 1.3% over the past year.
Based on the current averages, a household would need an annual income of $79,200 to comfortably afford a 2-bedroom home in Elk Grove Village.
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