The Eagles
480 Eagle Dr,
Elk Grove Village, IL 60007
1-3 Beds | $1,660 - $2,400
Rental Market Trends in Elk Grove Village, IL
What is the average rent in Elk Grove Village, IL?
$1,511/month
Average Rent
732 Sq Ft
Average Apartment Size
-1.6%
Decrease in the Last Year
As of December 2024, the average rent in Elk Grove Village, IL is $1,511 per month. For comparison, the national average rent price in the US is currently $1,560/month, which means Elk Grove Village rent prices are 3% lower than the national average. When you rent an apartment in Elk Grove Village, you can expect to pay about per month for a studio, $1,511 for a one-bedroom apartment, and around $1,878 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,274 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Elk Grove Village, IL?
In the past year, rent has decreased by 1.6%, which averages out to $24 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated December 2024
Legend
2023
2024
Rent Ranges in Elk Grove Village, IL
Last Updated December 2024
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
38%
$1,001 - $1,500/month
50%
$1,501 - $2,000/month
12%
Above $2,000/month
What salary do I need to live comfortably in Elk Grove Village, IL?
Because the average rent in Elk Grove Village is $1,511, you’ll want to make about $5,036 per month or $60,432 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Elk Grove Village, IL compare to other nearby cities and neighborhoods?
Use the tool below to compare Elk Grove Village, IL to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Nearby City Rent Trends
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Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.