Watermark at The Grove
2511 Watermark Ter,
Elgin, IL 60124
$1,850 - $2,895
1-2 Beds
Elgin
Elgin, IL
Area Guide
A relaxing and tranquil Midwestern city on Lake Michigan.
Midwest
•
Chicago
•
Fox River
•
Community
•
Located 35 miles northwest of Chicago along the Fox River, Elgin combines historical charm with modern appeal. The revitalized downtown area features preserved architecture now housing local restaurants and entertainment venues. The Grand Victoria Casino anchors the riverfront district, contributing to the area's economic vitality. The rental market offers various options, with prices ranging from $1,122 for studios to $2,741 for four-bedroom homes, reflecting annual increases of 2-4% across all unit sizes. The cityscape includes preserved Victorian and Queen Anne-style homes in historic districts alongside contemporary residential developments.
Elgin's parks and recreation system includes Lords Park, a 112-acre space home to American bison, while Wing Park features an 18-hole golf course and seasonal swimming pool. The Fox River Trail connects cyclists and pedestrians to the 4,200-acre Poplar Creek Forest Preserve. Cultural attractions include performances by the Elgin Symphony Orchestra at the Hemmens Cultural Center. The city's educational landscape features Elgin Community College, Judson University, and the historic Elgin Academy. The city's watchmaking legacy lives on through the Elgin-made clocks still operating in Chicago's Union Station, remnants of what was once the world's largest watch manufacturing facility.
Rent Trends
As of December 2025, the average apartment rent in Elgin, IL is $1,162 for a studio, $1,415 for one bedroom, $1,693 for two bedrooms, and $2,338 for three bedrooms. Apartment rent in Elgin has increased by 1.4% in the past year.
Property Type
Average Rent
Average Sq Ft
Apartment
$1,415/month
665 Sq Ft
House
$2,550/month
1,606 Sq Ft
Condo
$1,771/month
737 Sq Ft
Townhome
$2,522/month
1,342 Sq Ft
Transportation
42
Car-Dependent
out of 100 WalkScore® Rating
This area is considered a car-dependent area and most errands will require a car.
27
Some Transit
out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
48
Somewhat Bikeable
out of 100 BikeScore® Rating
You might be able to find places to ride your bike in this area, but you’ll most likely want your car for most errands.
Schools
Public
Grades PK-5
662 Students
Public
Grades PK-5
724 Students
Public
Grades PK-6
630 Students
Century Oaks Elementary School
Public
Grades PK-6
543 Students
Public
Grades PK-6
526 Students
Public
Grades 6-7
799 Students
Public
Grades 7-8
543 Students
Public
Grades 7-8
611 Students
Public
Grades 7-8
527 Students
Public
Grades 7-8
551 Students
Public
Grades 9-12
2,750 Students
Public
Grades 9-12
2,264 Students
School data provided by
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Data provided by
GreatSchools.org
© 2025. All rights reserved.
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Data provided by
GreatSchools.org
© 2025. All rights reserved.
Points of Interest
Shopping Centers
Parks and Recreation
- Hawthorne Hill Nature Center
- Tyler Creek Forest Preserve
- Elgin Public Museum
- Burnidge Forest Preserve
- Fitchie Creek Forest Preserve
Airports
- Chicago O'Hare International
- Chicago Midway International
Top Apartments in Elgin
Houses for Rent in Elgin
Property Management Companies in Elgin, IL
Pretium Partners, LLC
-
305
Communities
-
87,651
Units
-
177
Cities
2 Communities in Elgin
Continental Properties Company
-
79
Communities
-
21,376
Units
-
65
Cities
2 Communities in Elgin
RPM
-
622
Communities
-
169,099
Units
-
243
Cities
1 Community in Elgin
Morgan Properties
-
389
Communities
-
106,118
Units
-
239
Cities
1 Community in Elgin
Fiduciary Real Estate Development
-
36
Communities
-
8,592
Units
-
22
Cities
1 Community in Elgin
Ludwig and Company
-
16
Communities
-
2,517
Units
-
14
Cities
1 Community in Elgin
Search Nearby Rentals
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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 November 2025.