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Rental Market Trends in South Elgin, IL

Updated September 2026

The average rent in South Elgin, IL is $1,760/month.

Rent in South Elgin is roughly equal to the national average rent of of $1,664/month.

$1,760/month

Average Rent

759 Sq Ft

Average Size

-3.6%

Change / Year

147

Available Apartments

South Elgin rent varies by unit size and layout:

  • Studio apartments in South Elgin average $1,687 per month.
  • One-bedroom apartments in South Elgin average $1,760 per month.
  • Two-bedroom apartments in South Elgin average $2,035 per month.
  • Three-bedroom apartments in South Elgin average $2,617 or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
Studio
$1,687/month
599 Sq Ft
One Bedroom
$1,760/month
759 Sq Ft
Two Bedroom
$2,035/month
982 Sq Ft
Three Bedroom
$2,617/month
1,343 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Three Bedroom
$2,755/month
1,301 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Three Bedroom
$3,029/month
1,816 Sq Ft
View South Elgin Apartments

How much has average rent changed in South Elgin, IL?

In the past year, rent has decreased by 3.6%, which averages out to $63 less per month.

Market Trends Over Time

September 2026

2025 2026
Market Trends Over Time

Rent Ranges in South Elgin, IL

September 2026
$1,501 - $2,000
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
25% $1,001 - $1,500/month
50% $1,501 - $2,000/month
25% Above $2,000/month

Rent by Neighborhood

  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in South Elgin?

Based on current rent prices, Elgin/Dundee is the most affordable neighborhood in South Elgin.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Elgin/Dundee
$1,928/month
787 Sq Ft

What are the most expensive neighborhoods in South Elgin?

Based on current rent prices, Elgin/Dundee is the most expensive neighborhood in South Elgin.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Elgin/Dundee
$1,928/month
787 Sq Ft

Which South Elgin neighborhoods have the most rentals available?

The neighborhood in South Elgin with the most apartments available is Elgin/Dundee .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Elgin/Dundee
$1,928/month
787 Sq Ft
This information is based on data collected by CoStar Group researchers.†

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

Because the average rent in South Elgin is $1,760, you’ll want to make about $5,866 per month or $70,392 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

147 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.

View the South Elgin Area Guide

Apartment Averages

Elgin/Dundee

South Elgin, IL

Elgin/Dundee

South Elgin, IL

Studio
$1,686/month
$1,686/month
One Bedroom
$1,687/month
$1,687/month
Two Bedroom
$2,154/month
$2,154/month
Three Bedroom
$2,804/month
$2,804/month
View Rentals
View Rentals

Compare Rent Trends Nearby

Get a clearer picture of the area by viewing rent trends in nearby cities.

  • Elgin

    Elgin

    Avg Rent: $1,453/month

  • Saint Charles

    Saint Charles

    Avg Rent: $1,881/month

  • St Charles

    St Charles

    Avg Rent: $1,383/month

  • Bartlett

    Bartlett

    Avg Rent: $1,311/month

  • Sleepy Hollow

    Sleepy Hollow

    Avg Rent: $1,509/month

  • Geneva

    Geneva

    Avg Rent: $1,896/month

Apartment Communities in South Elgin We Think You'll Love

Seasons at Elgin

Seasons at Elgin

2611 Hopps Rd,
Elgin, IL 60124

Studio - 3 Beds | $1,795 - $4,259

Springs At South Elgin

Springs At South Elgin

350 Gyorr Ave,
South Elgin, IL 60177

Studio - 3 Beds | $1,691 - $2,665

Authentix South Elgin

Authentix South Elgin

1300 N Lancaster Rd,
South Elgin, IL 60177

Studio - 3 Beds | $1,590 - $2,621

Panton Mill Station

Panton Mill Station

355 N La Fox St,
South Elgin, IL 60177

1-2 Beds | $1,720 - $2,082

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Frequently Asked Questions

What is the average rent in South Elgin?

The average rent in South Elgin is $1,760 per month, which is 5.8% higher than the national average of $1,664.

What is the average rent for a house in South Elgin?

The average rent for a house in South Elgin, IL is $2,755 per month.

Are rents going up or down in South Elgin?

Rents in South Elgin, IL are decreasing, with prices down 3.6% year-over-year and $63 less per month.

What rent range is most common in South Elgin?

In South Elgin, IL, 50% of apartments fall between $1,501 - $2,000/month, though prices may vary depending on location and other factors.

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 September 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.

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Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity