The Eagles
480 Eagle Dr,
Elk Grove Village, IL 60007
$1,720 - $2,482
1-3 Beds
Rental Market Trends in Elk Grove Village, IL
What is the average rent in Elk Grove Village, IL?
$1,568/month
Average Rent
733 Sq Ft
Average Apartment Size
-3.2%
Decrease in the Last Year
As of April 2026, the average rent in Elk Grove Village, IL is $1,568 per month. For comparison, the national average rent price in the US is currently $1,641/month, which means Elk Grove Village rent prices are 4% lower than the national average. When you rent an apartment in Elk Grove Village, you can expect to pay about per month for a studio, $1,568 for a one-bedroom apartment, and around $1,881 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,392 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Elk Grove Village, IL?
In the past year, rent has decreased by 3.2%, which averages out to $50 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated April 2026
Legend
2025
2026
Rent Ranges in Elk Grove Village, IL
Last Updated April 2026
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
38%
$1,001 - $1,500/month
50%
$1,501 - $2,000/month
12%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Elk Grove Village?
Based on current rent prices, The Terrace at Elk Grove Village is the most affordable neighborhood in Elk Grove Village.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Elk Grove Village?
Based on current rent prices, The Terrace at Elk Grove Village is the most expensive neighborhood in Elk Grove Village.
Neighborhood
Average Rent
Average Sq Ft
Which Elk Grove Village neighborhoods have the most rentals available?
The neighborhood in Elk Grove Village with the most apartments available is The Terrace at Elk Grove Village .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Elk Grove Village, IL?
Because the average rent in Elk Grove Village is $1,568, you’ll want to make about $5,226 per month or $62,712 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Elk Grove Village, IL compare to other nearby cities and neighborhoods?
Use the tool below to compare Elk Grove Village, IL to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
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One Bedroom
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Two Bedroom
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Three Bedroom
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Nearby City Rent Trends
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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.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.