South Elgin, IL Rental Market Trends
What is the average rent in South Elgin?
The average rent for an apartment in South Elgin is $1,697, a 5% decrease compared to the previous year, when the average rent was $1,787.
Average Rent in South Elgin, IL
|Average Rent||Y-o-Y Change||Average Apartment Size|
|$1,697||-5%||977 sq. ft.|
What is the average apartment size in South Elgin?
The average size for a South Elgin, IL apartment is 977 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
South Elgin, IL Apartment Rent Ranges
- > $2,0008%
South Elgin, IL Occupied Housing Units
- Renter-occupied Households21%
- Owner-occupied Households78%
1,602 or 21% of the households in South Elgin, IL are renter-occupied while 5,874 or 78% are owner-occupied.
South Elgin, IL Rent Trends
|Mar / 2019||Jul / 2019||Nov / 2019||Mar / 2020||Jul / 2020||Nov / 2020||May / 2021|
How South Elgin Compares to Other Cities
|Average Rent||Y-o-Y Change|