Cheap Apartments for Rent in Algonquin, IL from $700 (47 Rentals)

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1330 Braewood Dr, Unit 1
$1,650
Total Monthly Price

Total Monthly Price

Base Rent
$1,650
Total Monthly Price
$1,650
1 Bedroom Apartment Available Now

1330 Braewood Dr, Unit 1

1330 Braewood DrAlgonquin, IL 60102
Cost Per Sq.Ft.
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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

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property at 1375 Cunat Ct

$1,395

1 Bedroom Rentals

Available Jun 12

1375 Cunat Ct

Lake In The HillsIL60156

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Elgin Tower Lofts
1 to 2 Bedroom Apartments

Elgin Tower Lofts

100 E Chicago StElgin, IL 60120

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Algonquin, IL Local Guide

Cheapest Neighborhoods for Apartments in Algonquin, IL

Pricing Updated: 05/27/2026

Current apartment rentals in the Algonquin, IL area range in price from $1,235 to $18,493 with an overall median price of $12,322. The three Algonquin neighborhoods with the lowest median rent pricing are Square Barn Road School Campus at $1,300, Arrowhead at $1,450, and High Hill Farms at $1,552. Here is today’s list of the top 9 neighborhoods with the lowest median pricing for Algonquin Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Square Barn Road School Campus$1,915$1,30012
Arrowhead$2,413$1,45013
High Hill Farms$10,645$1,5528
Creek's Crossing$10,977$1,23513
Willoughby Farms$10,977$1,4003
Alta Vista$18,493$1,2358
Gaslight Terrace North$18,493$1,2359
Grand Reserve$18,493$1,6507
Waterford of Algonquin$18,493$1,23511

Cheapest Available Algonquin Apartments for Rent

 

The cheapest available apartment rental in Algonquin, IL is a 1 Bed unit found at Meadowdale Apartments in the Waterford of Algonquin neighborhood priced from $1,235. The Cornell Luxury Apartments in the Square Barn Road School Campus neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,300. Here is today’s list of the most affordable Algonquin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Meadowdale Apartments1 Bedroom - 1 Bath 667 sq ft1BR,1BA$1,235
The Cornell Luxury ApartmentsStudio1BR,1BA$1,300
200 S Lincoln1BD/1BA1BR,1BA$1,400
Blackhawk Apartment HomesOne Bedroom - 723 sqft1BR,1BA$1,520
Wing Park Residencewp-1bs1BR,1BA$1,550
311 Barrington Ave Lofts1 Bed Room1BR,1BA$1,550
Eden Prairie Apartments1 Bed 1 Bath Renovated Ground Level1BR,1BA$1,550
Springs at Three OaksSGO | Studio Grand OverlookStudio,1BA$1,552
Crystal Lake Apartments1 Bedroom1BR,1BA$1,635

Best Value Apartments for Rent in Algonquin, IL

As of May 27, 2026 the best value apartment in the Algonquin area is the $0.92 price per square foot 1330 Braewood Dr Model at 1330 Braewood Dr, Unit 1 in the in the Waterford of Algonquin neighborhood starting from $1,650. The second greatest value Algonquin apartment is the 3GO | 3 BR Grand Overlook Model at Springs at Three Oaks starting at $2,427 with a $1.67 price per square foot in the Arrowhead neighborhood. Here is today’s list of the best values for Algonquin apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1330 Braewood Dr, Unit 11330 Braewood Dr1BR,1BA$0.92
Springs at Three Oaks3GO | 3 BR Grand Overlook3BR,2BA$1.67
Oakbrook Estates- Senior 55+ CommunityChampion Single Wide3BR,2BA$1.42
WoodcreekApt B2BR,2BA$1.60
Darlington Court ApartmentsTwo Bedroom/ One and 1/2 Bath2BR,1.5BA$1.80
311 Barrington Ave Lofts1 Bed Room1BR,1BA$1.75
Wing Park Residencewp-1bs1BR,1BA$2.14
Blackhawk Apartment HomesOne Bedroom - 723 sqft1BR,1BA$2.12
The Cornell Luxury ApartmentsStudio1BR,1BA$1.86
Meadowdale Apartments1 Bedroom - 1 Bath 667 sq ft1BR,1BA$1.85

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Algonquin, IL

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Frequently Asked Questions about Cheap Algonquin Apartments

What is the price of a cheap apartment in Algonquin?

The cheapest apartment in Algonquin is Meadowdale Apartments which is listed at $1,235, while the average apartment in Algonquin costs $12,322.

What types of apartments are the cheapest in Algonquin?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 14 regular apartments in Algonquin that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Algonquin?

Cheap apartments in Algonquin have an average cost of $930 which is $11,392 cheaper than the average rent for all rentals in Algonquin.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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