South Elgin, IL Rental Market Trends
Last updated: February 20, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in South Elgin is $1,949, a 5.46% decrease compared to the previous year, when the average rent was $2,062.
One-bedroom apartments provide 744 square feet for $1,734, balancing privacy and affordability.
Two-beedroom units at $2,104 offer 1,070 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,254 sq ft) for $2,421, suitable for larger households.
Average rent in South Elgin, IL
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,949 | 925 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $1,734 | 744 sq. ft. |
| 2 Beds | $2,104 | 1,070 sq. ft. |
| 3 Beds | $2,421 | 1,254 sq. ft. |
South Elgin, IL rent trends
Rental prices in South Elgin, IL have decreased by 5.46% over the past year. The average rent moved from $2,062 to $1,949.
What's the typical rent budget in South Elgin, IL?
The largest share of rentals in South Elgin, IL (59%) 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 South Elgin, IL?
1,580 or 19% of the households in South Elgin, IL are renter-occupied while 6,867 or 81% are owner-occupied.
How South Elgin Compares to Other Cities
| City | Average Rent |
|---|---|
| South Elgin | $1,949 |
| 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 |
| Lisle | $1,885 |
| Villa Park | $2,134 |
| Schaumburg | $1,938 |
| Saint Charles, IL | $1,981 |
| Arlington Heights, IL | $1,941 |
| Crystal Lake, IL | $2,007 |
| Elgin, IL | $1,670 |
| Glen Ellyn, IL | $1,860 |
| Palatine, IL | $1,907 |
| Rolling Meadows, IL | $1,750 |
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 South Elgin 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.