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Rental Market Trends in South Elgin, IL

What is the average rent in South Elgin, IL?

$1,851/month

Average Rent

759 Sq Ft

Average Apartment Size

+2%

Increase in the Last Year

As of March 2026, the average rent in South Elgin, IL is $1,851 per month. For comparison, the national average rent price in the US is currently $1,626/month, which means South Elgin rent prices are 14% higher than the national average. When you rent an apartment in South Elgin, you can expect to pay about $1,617 per month for a studio, $1,851 for a one-bedroom apartment, and around $1,995 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,439 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,617/month
599 Sq Ft
One Bedroom
$1,851/month
759 Sq Ft
Two Bedroom
$1,995/month
980 Sq Ft
Three Bedroom
$2,439/month
1,343 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 South Elgin, IL?

In the past year, rent has increased by 2%, which averages out to $38 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated March 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in South Elgin, IL
Last Updated March 2026
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in South Elgin, IL
Percentage*
Rent Range
0% Below $700/month
0% $700 - $1,000/month
40% $1,001 - $1,500/month
40% $1,501 - $2,000/month
20% Above $2,000/month

What salary do I need to live comfortably in South Elgin, IL?

Because the average rent in South Elgin is $1,851, you’ll want to make about $6,170 per month or $74,040 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.

City

South Elgin, IL

288 Available Apartments for Rent

Search for Nearby Apartments

How does South Elgin, IL compare to other nearby cities and neighborhoods?

Use the tool below to compare South Elgin, 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.

Explore the Area Guide for South Elgin, IL

Apartment Averages

Nearby City Rent Trends

  • Elgin Average Rent
  • Bartlett Average Rent

Apartment communities in South Elgin we think you'll love

Seasons at Elgin

Seasons at Elgin

2611 Hopps Rd,
Elgin, IL 60124

$1,790 - $3,195

Studio - 3 Beds

Springs At South Elgin

Springs At South Elgin

350 Gyorr Ave,
South Elgin, IL 60177

$1,587 - $2,663

Studio - 3 Beds

Authentix South Elgin

Authentix South Elgin

1300 N Lancaster Rd,
South Elgin, IL 60177

$1,550 - $2,550

Studio - 3 Beds

Panton Mill Station

Panton Mill Station

355 N La Fox St,
South Elgin, IL 60177

$1,663 - $2,494

1-2 Beds

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United States Illinois South Elgin Rental Trends

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.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity