Elk Grove Village, IL Rental Market Trends
Last updated: February 26, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Elk Grove Village is $1,641, a 1.67% decrease compared to the previous year, when the average rent was $1,669.
One-bedroom apartments provide 743 square feet for $1,470, balancing privacy and affordability.
Two-beedroom units at $1,864 offer 1,022 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,246 sq ft) for $2,267, suitable for larger households.
Average rent in Elk Grove Village, IL
Last updated: February 26, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,641 | 863 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $1,470 | 743 sq. ft. |
| 2 Beds | $1,864 | 1,022 sq. ft. |
| 3 Beds | $2,267 | 1,246 sq. ft. |
Elk Grove Village, IL rent trends
Rental prices in Elk Grove Village, IL have decreased by 1.67% over the past year. The average rent moved from $1,669 to $1,641.
What's the typical rent budget in Elk Grove Village, IL?
The largest share of rentals in Elk Grove Village, IL (73%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Elk Grove Village, IL?
3,360 or 26% of the households in Elk Grove Village, IL are renter-occupied while 9,426 or 74% are owner-occupied.
How Elk Grove Village Compares to Other Cities
| City | Average Rent |
|---|---|
| Chicago | $2,454 |
| Oak Park | $2,266 |
| Evanston | $2,598 |
| Naperville | $2,093 |
| Skokie | $2,149 |
| Aurora | $1,876 |
| Champaign | $1,685 |
| Dekalb | $1,105 |
| Peoria | $1,209 |
| Lombard | $1,989 |
| Villa Park | $2,134 |
| Schaumburg | $1,938 |
| Oakbrook Terrace, IL | $2,394 |
| Arlington Heights, IL | $1,941 |
| Glen Ellyn, IL | $1,860 |
| Palatine, IL | $1,907 |
| Rolling Meadows, IL | $1,750 |
| Carol Stream, IL | $1,634 |
| Des Plaines, IL | $1,846 |
| Mount Prospect, IL | $1,772 |
| Elk Grove Village | $1,641 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Elk Grove Village apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.