Elgin, IL Rent History
141 months of data, 2015–2026. Source: ZORI (Zillow Observed Rent Index, smoothed seasonally adjusted).
Today (2026-09)
$1,923
1-year change
+3.6%
$66/mo
5-year change
+37.8%
$527/mo
10-year change
+72.9%
$811/mo
Monthly rent trend
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Year-by-year rent in Elgin
| Year | Median rent | YoY change | vs 2015 |
|---|---|---|---|
| 2015 | $1,059/mo | — | 0.0% |
| 2016 | $1,087/mo | +2.6% | +2.6% |
| 2017 | $1,125/mo | +3.5% | +6.2% |
| 2018 | $1,170/mo | +4.0% | +10.5% |
| 2019 | $1,213/mo | +3.7% | +14.5% |
| 2020 | $1,249/mo | +3.0% | +17.9% |
| 2021 | $1,306/mo | +4.6% | +23.3% |
| 2022 | $1,449/mo | +10.9% | +36.8% |
| 2023 | $1,613/mo | +11.3% | +52.3% |
| 2024 | $1,742/mo | +8.0% | +64.5% |
| 2025 | $1,817/mo | +4.3% | +71.6% |
| 2026 | $1,871/mo | +3.0% | +76.7% |
Frequently asked questions
How much has rent in Elgin changed since 2015?
Median rent in Elgin, IL was $1,055 in 2015-01 and is $1,923 as of 2026-09 — a change of $868 per month over 11 years.
How much has Elgin rent increased in the last 5 years?
Over the past 5 years, median rent in Elgin, IL has changed +37.8% ($527 per month). The current median is $1,923.
What has rent in Elgin done over the past decade?
Over the past 10 years, median rent in Elgin, IL has changed +72.9% ($811 per month). It is now $1,923.
Is rent in Elgin going up or down year over year?
Year over year, median rent in Elgin, IL has increased +3.6% ($66/mo). Current median: $1,923.