Rent to Own Homes in Elgin, IL

Located in the northeastern section of Illinois, the city of Elgin is a short 40 miles northwest of Chicago on the Fox River. Elgin straddles the line of Kane and Cook counties, with a total population of over 109,000. Dairy goods were a mainstay of Elgin industry until the mid-twentieth century when The Elgin Watch Company took up residence and became the largest manufacturer of watches until the early 1960s when the company ceased production. Currently, Elgin is one of the fastest growing cities in Illinois.

Housing Statistics

Check out Elgin, IL Craigslist homes for sale, for rent, and rent to own

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5a2ab9a72d982fccd02b2e316498d94e
Listing Type
Short Sale
Description

2 Beds, 1 Bath

Elgin, IL 60120

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School: Larkin Center-Shady Oaks
Grocery: Elgin Fresh Market
Restaurant: Chicago Pizza Authority
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Ecfdc5ef325b4540810054efc0f346bf
Listing Type
Fannie Mae/Freddie Mac
Description

4 Beds, 3 Baths

Elgin, IL 60124

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School: Larkin Center-Creekside
Grocery: Klein's Farm & Garden Market
Restaurant: Sammy's Mexican Grill
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Eaee960bca1a65d850082d3eb38e8f0f
Listing Type
Fannie Mae/Freddie Mac
Description

3 Beds, 1 Bath

Elgin, IL 60123

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School: Larkin Center-Transitional
Grocery: Fox Valley Farmers Market
Restaurant: Swizzle Inn
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6404b40c8e2d6dfef52148286f6558e6
Listing Type
Fannie Mae/Freddie Mac
Description

4 Beds, 2 Baths

Elgin, IL 60123

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School: Highland Elem School
Grocery: Colorado Boxed Beef Co
Restaurant: Napolltano's South Elgin Inc
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F6d8ce093f3a4e9105b357e577c889db
Listing Type
Fannie Mae/Freddie Mac
Description

2 Beds, 2 Baths

Elgin, IL 60123

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School: Fox Meadow Elementary School
Grocery: B & V Asian Market Inc
Restaurant: China King
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Fab728a00f8164371fa8741a11ce923e
Listing Type
REO Foreclosure
Description

4 Beds, 2 Baths

Elgin, IL 60120

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School: Channing Memorial Elem School
Grocery: Gayapri Mini Mart
Restaurant: Elgin Soul Food
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34979b6a4ce6f42efdfcf9a060e81ab1
Listing Type
For Sale By Owner
Description

2 Beds, 1 Bath

Elgin, IL 60123

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School: Abbott Middle School
Grocery: Super Saver Foods
Restaurant: Golden Skillet Restaurant
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925433f809e59bea1071a3ffcf0ac8f3
Listing Type
Fannie Mae/Freddie Mac
Description

4 Beds, 2 Baths

Elgin, IL 60123

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School: Lowrie Elem School
Grocery: Asian Food Market
Restaurant: Kendall's Kountry Kitchen
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Daab1ce6c2ad32dffcb9f9e81b844667
Listing Type
Fannie Mae/Freddie Mac
Description

3 Beds, 1 Bath

Elgin, IL 60123

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School: Hillcrest Elem School
Grocery: Angela Caputo
Restaurant: Little Panda Chinese Asian
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With an average rental costing $883 per month, it's easy to see why the vacancy rates in the city of Elgin have been slowly dipping. The rental vacancy rate is a low 5%, while the owner vacancy rate is an even lower 3.2%. Both are excellent economic indicators of stability. The median home price in the area is $209,800, quite moderate when compared to the rest of the country.

Arts and Culture

Elgin has a rich local culture, which is supported by the residents in glorious fashio.! There is a Children's Theatre of Elgin, Elgin Art Showcase, Elgin Choral Union, Elgin Children's Chorus, Elgin Community Theatre, Elgin Opera, Elgin Symphony Orchestra, Elgin Youth Symphony Orchestra, and Hemmens Cultural Center, just to name a few of the cities programs that embrace the arts and culture.


Local Sports

Local sports are also loved and nurtured in Elgin. The city's Elgin Sports Complex is proof enough of that! With 10 lighted softball fields, 10 full sized soccer fields, The Hill (a killer BMX track), as well as two sand volleyball courts, this complex impresses all who come to play. Whether it's bicycling, walking, golfing, soccer, baseball, football or an interest in the arts, there is always something to do in this beautiful little city.


Elgin's Neighborhoods

Elgin has a good mix of rental homes, rent to own houses, or apartments to buy or rent. Here are some of its most interesting neighborhoods:

Bowers Rd & S Water Rd:Bowes Rd & S Water Rd is a suburban neighborhood populated with quiet, urban sophisticates who are well educated executives and professionals, as well as some managerial, sales and service workers. This is a relatively wealthy neighborhood where the median rental price is $1,365 per month and the vacancy rate is a low 6.4%.

Southeastern Elgin:Located on the southeast side of Elgin, the crime rates are very low in this area and the locals tend to want to stay when they move in. Another wonderful neighborhood worth mentioning is the Villa St & Willard Ave area. With Riley's Run Park on the east side and Drake Field Park on the northwest end, there are plenty of areas to walk, run and enjoy the outdoors. The average rental price for this area are some of the highest in the city at $1,908 per month, but well worth the cost given the environment and quality of life in the area. Very low crime coupled with a very walkable area equals many happy residents who opt to stay when given the choice. The vacancy rate is incredibly low in this area at 1.9% People in this neighborhood tend to enjoy the arts, fine dining and shopping on the weekends with friends.

Northwest Elgin:One last neighborhood to highlight is on the northwest side of Elgin and it's called Almora. A bulk of the area is taken up with the Burnridge Forest Preserve, lending a quiet sense of wilderness and peace to the area. The average rental price in this neighborhood is $724 per month with a vacancy rate at a low 4.4%, well below the national average. This is another area people tend to discover and never want to leave!