Average Rent in Elk Grove, IL

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Current Versus Historical Elk Grove, IL Rents

Elk Grove rentals average $1,100 for a studio rental to $3,500 for a 4-bedroom rental. The median price of all currently available listings is $2,448, or roughly $24 per square feet.

For the apartment units and housing in June 2026, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $160 (16.96%) year-over-year from $940 to $1,100. 1-bedroom rentals prices have decreased by $68 (-4.31%) year-over-year from $1,568 to $1,500. 2-bedroom rentals prices have decreased by $45 (-2.20%) year-over-year from $2,045 to $2,000. 3-bedroom rentals prices have increased by $1,812 (67.52%) year-over-year from $2,683 to $4,495. 4-bedroom rentals prices have decreased by $623 (-15.10%) year-over-year from $4,123 to $3,500. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 0.38% this month. 1-bedroom rents have gone down by 10.89% this month. 2-bedroom rents have gone down by 12.28% this month. 3-bedroom rents have gone up by 23.32% this month. 4-bedroom rents have gone up by 0.48% this month.

Beds	Price / Sqft	Jun 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	N/A	$1,100	$940 (16.96%)	$19 (5,614.29%)
1 BR	$24.80	$1,500	$1,568 (-4.31%)	$1,485 (0.99%)
2 BR	$23.37	$2,000	$2,045 (-2.20%)	$1,948 (2.67%)
3 BR	$26.65	$4,495	$2,683 (67.52%)	$2,467 (82.23%)
4+ BR	$27.50	$3,500	$4,123 (-15.10%)	$2,875 (21.74%)

Historical Rents in Elk Grove, IL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Elk Grove

There are a total of 2 cities nearby Elk Grove. The average rent in Elk Grove is currently $2,794 per month. Only one city nearby has an average rent lower than that. Our records show that Schaumburg, IL, with an average rent of $2,270, is the most affordable city nearby. In contrast, the most expensive city near Elk Grove, IL is River Grove, IL. Monthly rents here are on average $3,318 per month.

Let's compare Elk Grove, IL's rent against other top cities nearby by bedroom size. Typically, rent for studios in Elk Grove, IL is 21.36% more affordable than other cities nearby. One bedrooms are about 18.03% more affordable. Two bedrooms in Elk Grove, IL are about 26.02% more affordable. Finally, rent for three bedrooms are about 6.19% more expensive. Want more information? Check out the top 2 cities near Elk Grove, IL in the following table.

City	Studio	1 Bed	2 Bed	All
Schaumburg, IL	N/A	$2,091	$2,250	$2,270
River Grove, IL	$1,335	$1,450	$3,295	$3,318

Top Neighborhoods Near Elk Grove

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near Elk Grove

There are a total of 6 counties located by Elk Grove, IL. Some of these counties include Palatine, IL, Schaumburg, IL, and Maine, IL. The average rent for rentals in these counties is $2,475. That's roughly around $24 per sqft. A total of 2 counties have a lower average rent. The county that is the most affordable is Palatine, IL. Its average rent per month is $2,313. Vice versa, with an average rent of $2,800, Leyden, IL is the most expensive county by Elk Grove, IL.

Typically, rent for studios in Elk Grove, IL is 19.77% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Elk Grove, IL is 6.50% more affordable than other counties nearby. Finally, rent for two bedrooms in Elk Grove, IL is 3.69% more affordable than other counties nearby. We've listed all of these counties in the table below.

County	Studio	1 Bed	2 Bed	All
Palatine, IL	N/A	$2,054	$2,313	$2,313
Schaumburg, IL	$1,400	$1,650	$2,250	$2,400
Maine, IL	$1,200	$1,500	$2,225	$2,450
Wheeling, IL	$1,300	$1,545	$2,100	$2,500
Northfield, IL	$1,400	$2,023	$2,598	$2,600
Leyden, IL	$1,335	$1,450	$3,140	$2,800

Top Zipcodes Near Elk Grove

Zipcode	Studio	1 Bed	2 Bed	All

Frequently Asked Questions - Elk Grove Average Rents

What is the average rent price in Elk Grove, IL?

The average monthly rental price for Elk Grove, IL apartments for rent is approximately $2,448. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Elk Grove, IL rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Elk Grove, IL.

How much is a studio apartment in Elk Grove, IL?

The average monthly rental price for studio apartments is $1,100. There are a total of 1 studio apartment listings currently available for rent in Elk Grove.

How much is a one bedroom apartment in Elk Grove, IL?

The average monthly rental price for one bedroom apartments is $1,500 and an average price per square feet of $24.80. There are a total of 15 one bedroom apartment listings currently available for rent in Elk Grove.

How much is a two bedroom apartment in Elk Grove, IL?

The average monthly rental price for two bedroom apartments is $2,200 and an average price per square feet of $23.37. There are a total of 23 two bedroom apartment listings currently available for rent in Elk Grove.

How have rent prices in Elk Grove, IL changed this year?

Rent prices for rentals in Elk Grove, IL can fluctuate yearly. Specifically, studio rental prices have changed by 0.17%, one bedroom rental prices have changed by -0.04%, two bedroom rental prices have changed by -0.02%, three bedroom rental prices have changed by 0.68% year-over-year.

What is a reasonable rent price in Elk Grove, IL?

A reasonable rent price in Elk Grove, IL is around $1,958/month. You can search for these reasonably priced rental listings on RentHop.