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

As of April 2026, Elk Grove Village's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Elk Grove Village's average rent is 0.5% ($9) higher than the Illinois average of $1,736 and 2.4% ($43) lower than the U.S. average of $1,788.

Average Rent

$1,745

Monthly ChangeMonth Over Month Change

1.5% ($25)

Yearly ChangeYear Over Year Change

4% ($73)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$1,636	0.8% ($13)	0.8% ($14)
2 Beds	$1,858	0.6% ($11)	9.8% ($201)
3 Beds	$2,141	0.6% ($12)	7.5% ($173)

Nearby Cities	Average Rent	Avg. Rent vs. Elk Grove VillageAverage Rent vs. Elk Grove Village	Avg. Days on MarketAverage Days on Market
Itasca	$1,873	7.3% ($128)	29 days
Bensenville	$1,946	11.5% ($201)	27 days
Mount Prospect	$2,597	48.8% ($852)	30 days
Des Plaines	$2,224	27.4% ($479)	24 days
Rolling Meadows	$1,877	7.6% ($132)	25 days

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Elk Grove Village Rental Market FAQs

Explore rental prices, market trends, and availability in Elk Grove Village, IL.

What is the average rent in Elk Grove Village, IL?

The average rent in Elk Grove Village, IL is $1,745 per month.

What is the rental price range for homes in Elk Grove Village, IL?

Homes in Elk Grove Village typically rent for between $1,145 and $2,783 per month, with an average of $1,745 per month.

What is the average rent for different bedroom sizes in Elk Grove Village, IL?

In Elk Grove Village, the average rent for a 1-bedroom home is $1,636 per month, for a 2-bedroom home, $1,858 per month, and a 3-bedroom home is $2,141 per month.

How do rent prices in Elk Grove Village, IL compare with the national average?

The average rent in Elk Grove Village is 2.4% ($43) lower than the national average of $1,788 per month.

How have rent prices in Elk Grove Village, IL changed recently?

The average rent in Elk Grove Village has increased by 1.5% ($25) in the last month and decreased by 4.0% ($73) over the past year.

How competitive is the rental market in Elk Grove Village, IL?

The rental market in Elk Grove Village, 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 Elk Grove Village, IL?

In Elk Grove Village, IL, the average rental stays on the market for approximately 30 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 Elk Grove Village, IL?

There are currently 3 rental properties available in Elk Grove Village, IL.

Can I afford to rent a home in Elk Grove Village, IL?

Based on the current averages, a household would need an annual income of $74,320 to comfortably afford a 2-bedroom home in Elk Grove Village.