Average Rent in Elk Grove, IL

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Current Versus Historical Elk Grove, IL Rents

Elk Grove rentals average $1,750 for a 1-bedroom rental to $3,113 for a 4-bedroom rental. The median price of all currently available listings is $2,500, or roughly $25 per square feet.

For the apartment units and housing in August 2026, median rents have fallen substantially over the last year. Studio rentals prices have increased by $257 (27.27%) year-over-year from $943 to $1,200. 1-bedroom rentals prices have decreased by $233 (-11.48%) year-over-year from $2,033 to $1,800. 2-bedroom rentals prices have increased by $164 (7.51%) year-over-year from $2,186 to $2,350. 3-bedroom rentals prices have decreased by $100 (-3.51%) year-over-year from $2,850 to $2,750. 4-bedroom rentals prices have decreased by $831 (-21.07%) year-over-year from $3,943 to $3,113. 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 down by 0.00% this month. 1-bedroom rents have gone up by 4.35% this month. 2-bedroom rents have gone up by 8.97% this month. 3-bedroom rents have gone down by 14.73% this month. 4-bedroom rents have gone down by 13.20% this month.

Beds	Price / Sqft	Aug 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$28.00	$1,800	$2,033 (-11.48%)	$1,521 (18.32%)
2 BR	$22.81	$2,350	$2,186 (7.51%)	$1,813 (29.60%)
3 BR	$25.80	$2,750	$2,850 (-3.51%)	$2,417 (13.79%)
4+ BR	$25.83	$3,113	$3,943 (-21.07%)	$3,900 (-20.19%)

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 $2,146 per month. A total of 2 cities nearby have an average rent lower than that. Our records show that Palatine, IL, with an average rent of $1,900, is the most affordable city nearby. In contrast, the most expensive city near Elk Grove, IL is Schaumburg, IL. Monthly rents here are on average $2,393 per month.

Let's compare Elk Grove, IL's rent against other top cities nearby by bedroom size. One bedrooms are about 5.71% more affordable. Two bedrooms in Elk Grove, IL are about 5.75% more expensive. Finally, rent for three bedrooms are about 4.39% more affordable. Want more information? Check out the top 2 cities near Elk Grove, IL in the following table.

City	Studio	1 Bed	2 Bed	All
Palatine, IL	N/A	$1,500	$1,850	$1,900
Schaumburg, IL	N/A	$2,200	$2,250	$2,393

Top Neighborhoods Near Elk Grove

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near Elk Grove

There are a total of 7 counties located by Elk Grove, IL. Some of these counties include Leyden, IL, Palatine, IL, and Bloomingdale, IL. The average rent for rentals in these counties is $2,400. That's roughly around $24 per sqft. A total of 6 counties have a lower average rent. The county that is the most affordable is Leyden, IL. Its average rent per month is $1,800. Vice versa, with an average rent of $2,925, Northfield, IL is the most expensive county by Elk Grove, IL.

In comparison, rent for one bedroom listings in Elk Grove, IL is 5.71% more expensive than other counties nearby. Finally, rent for two bedrooms in Elk Grove, IL is 3.45% more expensive than other counties nearby. We've listed all of these counties in the table below.

County	Studio	1 Bed	2 Bed	All
Leyden, IL	$1,200	$1,395	$2,050	$1,800
Palatine, IL	N/A	$2,180	$1,900	$2,200
Bloomingdale, IL	N/A	$1,500	$1,898	$2,300
Wheeling, IL	$1,300	$1,743	$2,100	$2,400
Schaumburg, IL	N/A	$1,650	$2,200	$2,425
Maine, IL	$1,195	$1,600	$2,275	$2,500
Northfield, IL	N/A	$1,660	$2,500	$2,925

Top Zipcodes Near Elk Grove

There are a total of 4 zipcodes in or near Elk Grove, IL. The average rent for all of these zipcodes is $2,163. A total of 4 zipcodes have an average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 60634, Chicago, IL at $1,900 per month. In comparison, the zipcode with the most expensive average rent of $2,427 per month is 60173, Schaumburg, IL.

Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Elk Grove, IL is $1,600 per month. Or in other words, $26 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,146 per month. Which comes out to $23 per sqft. The following table includes the top 4 zipcodes in Elk Grove, IL. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
60173, Schaumburg, IL	N/A	$2,214	$2,390	$2,427
60193, Schaumburg, IL	N/A	$1,725	$2,223	$2,300
60707, Chicago, IL	N/A	$1,475	$2,070	$2,025
60634, Chicago, IL	$1,250	$1,438	$1,900	$1,900

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 $2,500. 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 one bedroom apartment in Elk Grove, IL?

The average monthly rental price for one bedroom apartments is $1,750 and an average price per square feet of $28.00. There are a total of 13 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 $2,175 and an average price per square feet of $22.81. There are a total of 20 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 0.27%, one bedroom rental prices have changed by -0.11%, two bedroom rental prices have changed by 0.08%, three bedroom rental prices have changed by -0.04% year-over-year.

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

A reasonable rent price in Elk Grove, IL is around $2,000/month. You can search for these reasonably priced rental listings on RentHop.