Fountain Square
50 S Grove Ave,
Elgin, IL 60120
$2,200 - $3,100
2-3 Beds
Downtown Elgin
Elgin, IL
Downtown Elgin - Elgin, IL Area Guide
Founded in 1836, the busy city of Elgin sits 35 miles northwest of Chicago and incorporates more than 1,600 acres of open parkland. Wandering through the city's downtown neighborhood is a journey through time, as historic architecture nestles between modern structures. Rentals in central Elgin, some of which sit beside the sparkling Fox River, include Victorian buildings and modern townhomes. Warmer days in Elgin call for a visit to Al's Cafe and Creamery on Dupage Court, where lunch options like flavorful schnitzel and freshly prepared salads satisfy enthusiastic appetites. Try Al's chocolate malt for a cool, sweet dessert and a little energy boost on a hot afternoon. Restaurant choices for supper include the Toom Toom Thai Restaurant on South Grove Avenue. Fresh Thai curry, crispy crab Rangoon, and savory potstickers make Toom Toom a top choice for locals.
Rent Trends
As of March 2026, the average apartment rent in Downtown Elgin is $2,898 for a studio, $1,786 for one bedroom, $2,058 for two bedrooms, and $3,107 for three bedrooms. Apartment rent in Downtown Elgin has increased by 3.8% in the past year.
-
Studio
-
1,123 sq ft
Average Sq Ft
-
$2,898/month
Average Rent
-
1 BR
-
696 sq ft
Average Sq Ft
-
$1,786/month
Average Rent
-
2 BR
-
1,008 sq ft
Average Sq Ft
-
$2,058/month
Average Rent
-
3 BR
-
1,919 sq ft
Average Sq Ft
-
$3,107/month
Average Rent
Getting Around
Explore how walkable, bikeable, drivable, and transit-friendly Downtown Elgin - Elgin, IL is for everyday living.
Walker's Paradise
90
/ 100
Lace up your walking shoes because this area is considered a walker’s paradise.
Good Transit
50
/ 100
The area around this property has good transit with many nearby transportation options.
Very Bikeable
77
/ 100
This area is very bikeable. You’ll find a variety of bike paths and lanes.
Scores provided by Walk Score
Points of Interest
Shopping Centers
Parks and Recreation
- Lords Park
- Elgin Public Museum
- Tyler Creek Forest Preserve
- Bluff Spring Fen Nature Preserve
- Hawthorne Hill Nature Center
Airports
- Chicago O'Hare International
- Chicago Midway International
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.