Rent by ZIP code in Elgin
| ZIP code | County | Typical rent | vs city median |
|---|---|---|---|
| 60124 | Kane County | $2,324 | +43% |
| 60120 | Cook County | $1,624 | 0% |
| 60123 | Kane County | $1,618 | 0% |
Rent by bedroom count in Elgin
Zillow's index above blends every unit size into one number. For a bedroom level view, these are HUD's FY2027 Fair Market Rents for Kane County. They include utilities and sit near the 40th percentile of the market, so treat them as the low side of what a typical unit lists for. Kane County uses Small Area FMRs, and the two bedroom figure runs from $1,790 to $2,690 depending on the Elgin ZIP code.
| Unit size | FY2027 Fair Market Rent | Change from FY2026 |
|---|---|---|
| Studio | $1,678 | +13.4% |
| 1 bedroom | $1,780 | +12.6% |
| 2 bedroom | $2,011 | +12.9% |
| 3 bedroom | $2,586 | +12.7% |
| 4 bedroom | $2,954 | +11.3% |
Source: HUD Fair Market Rents. Updates when HUD publishes a new fiscal year.
Is rent going up or down in Elgin?
Typical rent across Kane County is $2,122 as of August 2026. That is up 2.9% from a year earlier and up 34.4% over five years.
| Year | Typical rent, Kane County | Change |
|---|---|---|
| 2021 | $1,634 | +10.3% |
| 2022 | $1,770 | +8.3% |
| 2023 | $1,879 | +6.1% |
| 2024 | $2,002 | +6.5% |
| 2025 | $2,087 | +4.3% |
| 2026 (through August) | $2,122 | +1.7% |
Zillow Observed Rent Index for the county, all home types, last published month of each year. Each row is compared with the end of the year before it.
Elgin rent questions
- What is the average rent in Elgin, IL?
- Typical asking rent in Elgin is $1,624 a month as of July 2026, across 3 ZIP codes. By ZIP code it runs from $1,618 to $2,324.
- How much is rent for a 2 bedroom in Elgin?
- HUD's FY2027 Fair Market Rent for a two bedroom in Kane County is $2,011 a month including utilities. A one bedroom is $1,780 and a three bedroom is $2,586. Fair Market Rent is set near the 40th percentile, so a typical unit lists somewhat higher.
- Is rent going up or down in Elgin?
- Rent is rising. Typical rent in Kane County is $2,122 as of August 2026, up 2.9% from a year earlier.
- What is the cheapest ZIP code to rent in Elgin?
- ZIP 60123 has the lowest typical asking rent in Elgin at $1,618 a month, compared with $1,624 for the city overall.
- How much income do you need to rent in Elgin?
- Most landlords look for gross income of about three times the rent. At the typical Elgin rent of $1,624, that is about $4,872 a month, or $58,464 a year. This is a common screening rule of thumb, and individual landlords set their own.
How to use these numbers
These are Zillow Observed Rent Index values, a smoothed measure of typical asking rent for single family homes, condos, and apartments in each ZIP code. They describe what units are listed for, not what any specific unit will get. Condition, bedroom count, and the exact block all move the number.
If you are underwriting a purchase, use the ZIP figure rather than the city median, and then verify against live listings for the same bedroom count before you commit. Elgin sits in the Chicago-Naperville-Elgin, IL-IN-WI metro area.