Rents are 2% below what Elk Grove Village's 10-year trend predicts — a better deal than its own history suggests.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,833 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
Rent in Elk Grove Village is at its highest level since Zillow's records here began in December 2022.
Rent in Elk Grove Village changed +3.3% over the year to September 2026. Across the 94 Illinois cities Zillow tracks, the typical change was +4.0%.
Rent has risen 2 months in a row, and rose in 8 of the last 12 months.
30% of the median household income ($94,175) is $2,354 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,960); a 3-bedroom is $2,520.
Maywood, 12 miles away, rents for 23% less ($1,419/mo), about $5,000 a year in savings.
From Zillow's monthly rent index (ZORI) for Elk Grove Village. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
Elk Grove Village, IL is majority owner-occupied, has a large retiree population, has a median income above the national average, 41.2% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Elk Grove Village, IL has changed in 5 years
Five years ago, renters in Elk Grove Village, IL paid around $1,624 a month. That figure now sits near $1,833, up 12.9% from the 2023 baseline. Census figures show median household income at $94,175 today, compared with $89,187 five years earlier. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show Elk Grove Village, IL losing about 776 residents over the five-year window, down 2.4% on net. The combined trend lines point to a market that has changed measurably from where it stood in early 2023.
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Can you afford rent in Elk Grove Village on your salary?
At $1,833/mo, how Elk Grove Village rent compares to typical pay (30% rule).
Elk Grove Village rent by bedroom count
Median rent for each apartment size in Elk Grove Village. Click any size for full breakdown.
Tips for renters in Elk Grove Village
Last updated: October 17, 2026
The median rent in Elk Grove Village is $1,833/mo as of October 2026. A studio apartment averages $1,620/mo while a 2-bedroom runs $1,960/mo. One-bedroom apartments average $1,740/mo and 3-bedroom units go for $2,520/mo.
At 23% of local median household income ($94,175/yr), Elk Grove Village ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.3% over the past year.
Frequently asked questions
How much income do you need to rent in Elk Grove Village?
Is rent going up or down in Elk Grove Village?
How does Elk Grove Village rent compare to other cities in Illinois?
At $1,833/mo, rent takes ~23% of Elk Grove Village's median household income ($94,175/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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