Elgin renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in the purple and dark green areas.
Rental Price Key
On average, the cost of rent in Elgin is about $1,537 per month. This puts it in the 91st percentile compared to the state average cost of rent, which is $1,330. Households in Elgin have a median income of $6,308 per month so the average renter in Elgin is spending roughly 24% of their earnings on housing.
Nationally, and in Elgin, home values are the data point most closely correlated with the cost of rent. The median price of a home in Elgin is $313,412 right now, which is lower than cities nearby, meaning that rents in Elgin also tend to be lower versus these nearby cities.
Higher rent prices are common in the southwestern parts of Elgin while lower rent rates are often available in central areas.
Nearby Cities
- South Elgin, IL: more expensive rent prices
- Sleepy Hollow, IL: more expensive rent prices
- West Dundee, IL: more expensive rent prices
- East Dundee, IL: less expensive rent prices
- Gilberts, IL: more expensive rent prices
- Valley View, IL: less expensive rent prices
- Dundee, IL: more expensive rent prices
- Carpentersville, IL: more expensive rent prices
- Streamwood, IL: more expensive rent prices
- Wayne, IL: more expensive rent prices
Cities with Similar Populations
- Peoria, IL: less expensive rent prices
- East Los Angeles, CA: less expensive rent prices
- Newark, DE: more expensive rent prices
- Appleton, WI: less expensive rent prices
- Largo, FL: less expensive rent prices
- Spring Hill, FL: less expensive rent prices
- College Station, TX: more expensive rent prices
- Independence, MO: less expensive rent prices
- Saginaw, MI: less expensive rent prices
- Lehigh Acres, FL: less expensive rent prices
All Local Stats
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