Average rent in Elgin, Chicago
The median asking rent in Elgin is $2,199 a month and the average is $2,228, based on 25 apartments available in 1 building as of September 21, 2026. By size, the median is $1,960 for a 1 bedroom, $2,435 for a 2 bedroom.
That is 20% below the Chicago median of $2,754, which covers 5,718 available apartments in 374 buildings.
Elgin rent by apartment size
| Size | Median | Average | Range | Avg sq ft | Available |
|---|---|---|---|---|---|
| 1 bedroom | $1,960 | $1,935 | $1,745–$2,065 | 722 | 10 |
| 2 bedroom | $2,435 | $2,423 | $2,199–$2,745 | 1,260 | 15 |
| All sizes | $2,199 | $2,228 | 25 |
Asking rent is the listed monthly price before any move-in special. Only apartments available right now are counted. See how we measure rent.
How Elgin compares
| Neighborhood | Median | Studio | 1 bedroom | 2 bedroom |
|---|---|---|---|---|
| Elgin | $2,199 | n/a | $1,960 | $2,435 |
| West Loop | $2,813 | $2,360 | $2,889 | $4,116 |
| River North | $3,070 | $2,577 | $2,994 | $4,413 |
| South Loop | $2,856 | $2,378 | $2,755 | $3,495 |
| Streeterville | $3,206 | $2,654 | $3,079 | $4,502 |
| Gold Coast | $2,584 | $2,089 | $2,624 | $4,418 |
| Fulton Market | $3,271 | $2,476 | $3,177 | $4,407 |
| The Loop | $2,873 | $2,415 | $3,006 | $4,317 |
| Old Town | $3,129 | $2,605 | $3,084 | $4,354 |
| Uptown | $2,195 | $1,750 | $2,385 | $3,593 |
| Lakeshore East | $3,101 | $2,499 | $3,111 | $4,450 |
Frequently asked
What is the average rent in Elgin?
The median asking rent in Elgin is $2,199 a month and the average is $2,228, based on 25 apartments available in 1 building as of September 21, 2026. By size, the median is $1,960 for a 1 bedroom, $2,435 for a 2 bedroom.
How much is a 1 bedroom apartment in Elgin?
The median asking rent for a 1 bedroom in Elgin is $1,960 a month, ranging from $1,745 to $2,065 across 10 available units, with an average size of 722 square feet.
How much is a 2 bedroom apartment in Elgin?
The median asking rent for a 2 bedroom in Elgin is $2,435 a month, ranging from $2,199 to $2,745 across 15 available units, with an average size of 1,260 square feet.
Is Elgin more expensive than the rest of Chicago?
The median asking rent in Elgin is $2,199. That is 20% below the Chicago median of $2,754, which covers 5,718 available apartments in 374 buildings.
Where do these numbers come from?
Precise Rent reads each building's own published pricing and availability every morning and afternoon. These figures count only apartments that are available right now, at the listed monthly price before any move-in special.