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

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Description
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5bde18d18705a2cd8f0072119d5f8bb5
Listing Type
For Sale By Owner
Description

2 Beds, 1 Bath

Elgin, IL 60120

Accepting Offers

Price
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Financing
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School: Coleman Elem School
Grocery: Armando's Supermarket
Restaurant: Taqueria Chapala
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61044a1d659609d1bc34d896ae470cb7
Listing Type
HUD Foreclosure
Description

2 Beds, 1 Bath

Elgin, IL 60123

Accepting Offers

Price
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Financing
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Nearest
School: Washington Elem School
Grocery: Slade Gorton & Co Inc
Restaurant: Golden Skillet Restaurant
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E88379fb463b209dd00fe208c962914c
Listing Type
REO Foreclosure
Description

2 Beds, 1 Bath

Elgin, IL 60120

Accepting Offers

Price
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Financing
Bad Credit Accepted
Nearest
School: Coleman Elem School
Grocery: Armando's Supermarket
Restaurant: Baker Hill Pancake House
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572303ebb7d913db02757150d486e844
Listing Type
REO Foreclosure
Description

3 Beds, 2 Baths

Elgin, IL 60123

Accepting Offers

Price
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Financing
Bad Credit Accepted
Nearest
School: Fox Meadow Elementary School
Grocery: Sam's Club
Restaurant: Noodles & Co
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A56f79d1c5b2a5e5cf12879b4fb64e18
Listing Type
REO Foreclosure
Description

2 Beds, 1 Bath

Elgin, IL 60123

Accepting Offers

Price
Click for Deals
Financing
Bad Credit Accepted
Nearest
School: Illinois Park Elem School
Grocery: Colorado Boxed Beef Co
Restaurant: Bones Bbq & Fixins
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Faf0ae856a774b5de7a924cb4842de9d
Listing Type
For Sale By Owner
Description

5 Beds, 3 Baths

Hoffman Estates, IL 60192

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Price
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Nearest
School: Larkin Center-Shady Oaks
Grocery: Elgin Fresh Market
Restaurant: Chicago Pizza Authority
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A162ecb23ad02e9a71f4feb3373eb956
Listing Type
For Sale By Owner
Description

2 Beds, 2 Baths

Bartlett, IL 60103

Accepting Offers

Price
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Bad Credit Accepted
Nearest
School: Elgin High School
Grocery: Amadora Pretzel
Restaurant: Oklahoma Daves Bbq
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D2de36798d58e3a85de33632c0794a86
Listing Type
REO Foreclosure
Description

4 Beds, 2 Baths

Elgin, IL 60120

Accepting Offers

Price
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Financing
Bad Credit Accepted
Nearest
School: Huff Elem School
Grocery: Mercado Aurora
Restaurant: Delicia Tropical Cafe
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85dd1c56a18e42fc483d8e0c5cdb7684
Listing Type
REO Foreclosure
Description

4 Beds, 2 Baths

Elgin, IL 60123

Accepting Offers

Price
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Financing
Bad Credit Accepted
Nearest
School: Lowrie Elem School
Grocery: Asian Food Market
Restaurant: Kendall's Kountry Kitchen
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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!