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Studio Apartments for Rent in Elgin, IL
10 Rentals Available

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Average rent in Elgin, IL

$1,409/mo Elgin, IL average rental price, February 2023
Image Average Rent

Apartments in Elgin, IL rent for $1,409 per month, on average.

Elgin, IL apartment rent ranges

15% of apartments in Elgin, IL are priced between $701-$1,000. About 52% charge rents in the $1,001-$1,500 range. Approximately 27% of Elgin’s apartment rentals are priced between $1,501-$2,000. Meanwhile, 6% of apartments are in the most expensive > $2,000 range.

Elgin, IL rent trends

Check out the average rent prices in Elgin by neighborhood.

The average monthly rent in Elgin, IL is around $1,409, while the national average rent is $1,727.

Getting around in Elgin, IL

36 /100
Car-Dependent
25 /100
Some Transit
30 /100
Somewhat Bikeable
Walk Score®: 36, Transit Score®: 25, Bike Score®: 30

Frequently asked questions

What is the average size of a studio apartment in Elgin, IL?

The average Elgin, IL studio apartment size is 625 sq. ft.

What are the advantages of renting a studio apartment in Elgin, IL?

Studio apartments in Elgin, IL tend to be more affordable than other apartments and they have lower utility costs.

What are the downsides of renting a studio apartment in Elgin, IL?

One of the downsides of living in a studio apartment is the limited storage space. You might be interested in 1 bedroom apartments, 2 bedroom apartments or 3 bedroom apartments, or browse all RentCafe apartments for rent in Elgin, IL.

Elgin, IL demographics

The total population of Elgin, IL is 114,156, of which 57,866 are men and 56,290 are women, according to the most recent U.S. Census Bureau estimates. The residents of Elgin have a median age of 35.

Elgin, IL households

  • 27,370 Family
    10,798 Non-family
  • 14,401 Children
    23,767 No Children
  • 38,168Total Number of Households
  • 2.94Average People Per Household
  • $79,757Median Household Income

A total of 38,168 households live in Elgin, IL, of which 27,370 are family households and 10,798 are non-family households, per U.S. Census estimates. Of these, approximately 14,401 households have children and 23,767 households do not have children. The average size of a household in Elgin, IL is 2.94. The median household income in Elgin is $79,757 annually, with $1,330 per month going towards housing.

Elgin, IL education statistics

According to Census data, 10% of the population in Elgin, IL have no high school education, 33% went to high school, 26% have some college education, 8% earned an Associate Degree, 15% earned a Bachelor Degree, and 8% earned a Graduate Degree.

Look for studio apartments near me

Are you looking to land a small but cool studio apartment near you? Is an unbeatable location more important to you than lots of space? You can now browse through all available RentCafe listings, to find the perfect studio apartment near you, in your favorite neighborhood, ZIP code, or in another city or state in the U.S. wherever life takes you. Check the ratings and reviews of properties with studio apartments, filter them based on your criteria, and find the one that suits your needs.

Compare the size, price and location, as well as amenities, both inside and outside the apartment. Whether you are looking for a more modern studio near you, or one in a charming old building, or maybe you want to be close to a certain park, the downtown area of your city, or near family or friends, RentCafe allows you to find the best fit for you - so, let's find your new home!

Renting a studio apartment in Elgin, IL

Finding an affordable home is definitely not an easy task nowadays, especially if you’re new to the market. When looking for a budget-friendly small apartment, you should decide on the non-negotiables and look for a home that meets your needs. On average, a studio apartment’s size in Elgin, IL is 867 Sqft, which is convenient for a young professional, recent graduate, student or for someone who prefers not to spend more than necessary on a monthly rent. A cheap studio can be rented starting from $1,200, so your next step is to make up your mind regarding the layout of your future nest: do you want a one room apartment, with kitchen in the main room, or a bachelor flat with a separate kitchen? Hard to decide. Now you have 10 small apartments are in Elgin, IL to choose from that will help you make a decision, with an average rent of $2,147.

The perks of renting an efficiency apartment

They say renting is like dating- you should not expect absolute perfection from a rental home, but you should love the things that make it uniquely yours. If you’re interested in an efficiency apartment in Elgin, IL, we are confident that you will find a great place that complements your lifestyle. Having a small apartment comes with a series of advantages that their larger companions lack. A studio apartment is easier to keep clean and it’s always less cluttered, because there is no room for unnecessary stuff. If single bedroom apartments and small apartments is what you’re after, you are more likely to afford living in the hip parts of the town, within walking or biking distance from entertainment and shopping. You will also notice significant savings year after year. Pick your price limit and square footage and browse through our 10 listings in Elgin, IL and we promise you won’t be disappointed.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!