Rentometer, Inc. | Data as of 10/23/2025
Elk Grove Village, Illinois, offers a balanced rental market that appeals to both young professionals and growing families. The city’s convenient location near O’Hare International Airport and major highways makes commuting straightforward, while a vibrant downtown district provides dining, shopping, and community events that give the area a small‑town feel within a bustling metro region. Residents enjoy easy access to the nearby Busse Woods forest preserve, local parks, and the acclaimed Golf Club at Elk Grove, enhancing the overall quality of life for renters.
Rental options in Elk Grove Village span modern apartments and spacious single‑family homes. One‑bedroom apartments typically fall in the $1500s, with median rents around the $1600 mark, and two‑bedroom units sit in the $1900‑$2000 range. Larger households often opt for three‑bedroom houses, which generally rent in the $2700s, while four‑plus bedroom homes command rates in the $3500‑$3600 bracket. These price points reflect the city’s mix of newer developments and well‑maintained older properties, offering choices for a variety of budgets and lifestyle preferences.
Neighborhoods such as Arlington Heights and the historic Golf Club area are especially popular for their tree‑lined streets, quality schools, and close proximity to retail centers like the Grove Shopping Center. Whether you’re seeking a sleek apartment near the business park or a family‑friendly house near top‑rated schools, Elk Grove Village’s rental market provides a welcoming environment and a range of housing options that cater to diverse needs.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $1,505 | $1,564 | $1,100 - $2,100 | $1,200 - $1,745 |
| Apartment | 2 Bedroom | $1,934 | $1,929 | $1,430 - $2,395 | $1,707 - $2,282 |
| House | 3 Bedroom | $2,705 | $2,700 | $1,200 - $3,750 | $2,600 - $2,900 |
| House | 4+ Bedroom | $3,509 | $3,575 | $2,900 - $3,850 | $3,500 - $3,800 |
In the current period, the average rent in Elk Grove Village was $1,505 for 1 Bedroom, $1,997 for 2 Bedroom, $2,692 for 3 Bedroom, and $3,468 for 4+ Bedroom.
Data provided by Rentometer, Inc.