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2 Bedroom Apartments for Rent in Downtown Elgin, Elgin, IL - 4 Rentals available

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Downtown Elgin, Elgin, IL Demographics

  • Total Population2,916
  • Female 1,463
    Male 1,454
  • Median Age33

Average Rent for 2 Bedroom apartments in Downtown Elgin, Elgin, IL

  • The average rent for a 2 Bedroom apartment in Downtown Elgin, Elgin, IL, November 2018$1,049/mo
  • Studio$686
  • 1 Bedroom$927
  • 2 Bedrooms$1,133
  • Studio$686
  • 1 Bedroom$927
  • 2 Bedroom$1,133

Downtown Elgin, Elgin, IL 2 Bedroom Apartment Rent Ranges

  • $701-$1,00019%
  • $1,001-$1,50079%
  • $1,501-$2,0002%

Downtown Elgin, Elgin, IL 2 Bedroom Apartment Rent Trends

Average Rent All rentals Studio 1 Bed 2 Beds 3 Beds
Nov / 2018 $1,049 $1,133
Jan / 2018 $1,049 $1,133
Sept / 2017 $1,077 $1,138
May / 2017 $1,064 $1,143
Jan / 2017 $1,016 $1,106
Sept / 2016 $1,029 $1,112
May / 2016 $1,002 $1,078
Jan / 2016 $996 $1,059
Sept / 2015 $971 $1,034
May / 2015 $985 $1,057

Downtown Elgin, Elgin, IL Households

  • Total Number of Households881
  • Family 618
    Non-family 263
  • Children 374
    No Children 507
  • Average People Per Household3.29
  • Median Household Income$54,464
  • Median Housing Costs Per Month$1,206

Downtown Elgin, Elgin, IL Education Statistics

  • No High School14%
  • Some High School42%
  • Some College21%
  • Associate Degree5%
  • Bachelor Degree13%
  • Graduate Degree5%

Renting a 2-bedroom apartment in Downtown Elgin, Elgin, IL

Location is key when you’re renting and Downtown Elgin, Elgin, IL might be a great place for you to start looking. Renters seem to love Downtown Elgin, Elgin, IL and there are still plenty of 2-bedroom apartments left in case you want to give it a shot. So, if you’re on a tight budget and you’re trying to put some money aside, take this into consideration: in Downtown Elgin, Elgin, IL the monthly rent for a 2-bedroom unit can go as low as .

Real estate mathematics to help you snatch a cheap unit

Renting a 2-bedroom apartment can be a tricky business and figuring out the perfect formula might take some time. Sure, location and amenities play an important part, but compromise does not necessarily have to be a bad thing. There are many factors that determine rental prices and it’s helpful to know some of them. Other factors that determine rental prices are proximity to public transportation, entertainment, shopping and dining. What is it that you can give up on? Be patient, tweak the formula and you’ll eventually get to a satisfactory result and you will find the right cheap 2-bedroom apartment. The apartment of your dreams might turn out not to be the right apartment for you after all, and that’s fine, so don’t be afraid to deviate from the initial plan. Because no one wants to do mathematics in their spare time, the RENTCafé filters offer you all the necessary tools to try dozens of combinations until you reach the perfect result. Mix and match by using the location, price and amenities filters and you’re sure to find a 2-bedroom apartment to call home.