How much does it cost to rent in Elk Grove Village, IL?

As of July 2026, the median monthly rent in Elk Grove Village, IL is $1,781. This figure is based on aggregated data from public sources and community-submitted rents.

Is Elk Grove Village cheaper than other Illinois cities?

Elk Grove Village falls in the middle range for Illinois, ranking #80 out of 142 cities at $1,781/mo.

When was Elk Grove Village rent data last updated?

Elk Grove Village rent data reflects July 2026 and was last refreshed on July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.

City Report · IL

Elk Grove Village

Name: Average Rent Prices in Elk Grove Village, IL
Creator: RentDataNow
License: https://rentdatanow.com/terms-of-service

Pop. 31,987·80th most expensive in Illinois·Elk Grove Village rents are up 7.7% over the past year

Median rent (all units)

$1,781/mo

Year-over-Year

+7.7%

Month-over-Month

-0.3%

vs US Median

-$184

Stable (Monthly)

Be the first to discuss Elk Grove Village rents ↓

Most AffordableMost Expensive

Elk Grove Village · $1,781

More affordable than 55% of US cities · National median $1,965/mo

Rent Reality Score

48/100

Fairly priced

OverheatedFairGreat value

Rents are right about where Elk Grove Village's 10-year trend predicts.

Actual rent

$1,781/mo

Expected by trend

$1,762/mo

The Rent Reality Score compares today's median rent to where Elk Grove Village's own long-run trajectory projects it should be. See the full rankings →

Medians by bedroom

Rent by unit size

Studio

$1,620

1 BR

$1,740

2 BR

$1,960

3 BR

$2,520

4 BR+

$2,960

Research median

$1,960/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost

$21,372/yr

At $1,781/mo median

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 7.7% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+7.7% YoY, -0.3% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

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.

Population

31,987

Median income

$94,175

Median age

44.8

Renters

25.3%

Age distribution

21.5%

15.1%

27.9%

15.5%

20.1%

Under 1821.5%

18–3415.1%

35–5427.9%

55–6415.5%

65+20.1%

Gender

49.3%

50.7%

Male49.3%

Female50.7%

Race & ethnicity

70.2%

14.9%

12.1%

White70.2%

Black3%

Hispanic14.9%

Asian12.1%

Education (25+)

24.7%

26.6%

41.2%

No HS diploma7.5%

HS diploma24.7%

Some college26.6%

Bachelor's+41.2%

Housing tenure

74.7%

25.3%

Owner74.7%

Renter25.3%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2023 vs 2026

How Elk Grove Village, IL has changed in 5 years

Rent

$1,611 → $1,781

up 10.6%

Income

$89,187 → $94,175

up 5.6%

Population

32,763 → 31,987

down 2.4%

Renter share

25.3% → 25.3%

+0.0 pts

Bachelor's+

39.8% → 41.2%

+1.4 pts

Median age

41.8 → 44.8

+3.0 yrs

Five years ago, renters in Elk Grove Village, IL paid around $1,611 a month. That figure now sits near $1,781, up 10.6% 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.

Community

Discussions about Elk Grove Village

No discussions yet. Start the conversation.

View Elk Grove Village rent history (2015–2026) →

Salary vs rent

Can you afford rent in Elk Grove Village on your salary?

At $1,781/mo, how Elk Grove Village rent compares to typical pay (30% rule).

Registered Nurse

Avg $96,370/yr · Rent = 22.2% income

affordable

Elementary School Teacher

Avg $68,422/yr · Rent = 31.2% income

stretched

Police Officer

Avg $78,815/yr · Rent = 27.1% income

affordable

Software Developer

Avg $140,872/yr · Rent = 15.2% income

very comfortable

Lawyer

Avg $179,999/yr · Rent = 11.9% income

very comfortable

Firefighter

Avg $64,066/yr · Rent = 33.4% income

stretched

Truck Driver

Avg $57,844/yr · Rent = 36.9% income

stretched

Electrician

Avg $71,298/yr · Rent = 30% income

affordable

By apartment size

Elk Grove Village rent by bedroom count

Median rent for each apartment size in Elk Grove Village. Click any size for full breakdown.

Local insights

Tips for renters in Elk Grove Village

About renting in Elk Grove Village, IL

Last updated: July 20, 2026

The median rent in Elk Grove Village is $1,781/mo as of July 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 7.7% over the past year.

FAQ

Frequently asked questions

Is Elk Grove Village an affordable city for renters?

Elk Grove Village is considered very affordable for renters. At $1,781/mo, rent takes approximately 23% of the local median household income ($94,175/yr). The standard benchmark is 30%. Elk Grove Village falls comfortably within that range.

How much income do you need to rent in Elk Grove Village?

To keep rent at or below 30% of gross income, you would need to earn at least $71,000/year (~$34/hour full-time) to afford the median rent of $1,781/mo in Elk Grove Village. The local median household income is $94,175/yr, meaning the typical Elk Grove Village household meets that threshold.

Is rent going up or down in Elk Grove Village?

Rent in Elk Grove Village has increased 7.7% over the past year as of July 2026, putting upward pressure on renter budgets.

How does Elk Grove Village rent compare to other cities in Illinois?

Elk Grove Village is middle-of-the-pack for Illinois for rent, ranking #80 out of 142 tracked cities at $1,781/mo.

What percentage of Elk Grove Village residents rent vs. own?

According to Census data, approximately 25.3% of Elk Grove Village households are renters, while 74.7% are owner-occupied. Elk Grove Village leans toward homeownership, which can mean a smaller rental inventory.

How does Elk Grove Village rent compare to the national average?

Elk Grove Village's median rent of $1,781/mo is $184 (9%) below the US national median of $1,965/mo. Within Illinois, it ranks #80 out of 142 tracked cities.

Income Affordability

23%

VERY AFFORDABLE

At $1,781/mo, rent takes ~23% of Elk Grove Village's median household income ($94,175/yr). The standard benchmark is 30%.

Elk Grove Village 23%Benchmark 30%

State income tax4.95%

Run the Elk Grove Village affordability calculator →

Nearby cities