10 Arrowhead Dr
AlgonquinIL60102
Cheap Apartments for Rent in Algonquin, IL from $700 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in Algonquin.
20 Arrowhead Dr
AlgonquinIL60102
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$826 - $1,2021 to 2 Bedroom Apartments Contact Us For Availability
Fox River Crossing
300 N State StElgin, IL 60123
1375 Cunat Ct, Unit 3G
1375 Cunat Ct
Lake In The HillsIL60156
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Rent Specials
$1,235 - $1,4501 to 2 Bedroom Apartments Available Jun 1
Meadowdale Apartments
101 Meadowdale CtCarpentersville, IL 60110
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$1,260 - $2,820
Total Monthly Price
1 to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,156 - $2,716
Required Monthly Fees
$104
Total Monthly Price
$1,260 - $2,820
Blackhawk Apartment Homes
926 Congdon AveElgin, IL 60120
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$1,310 - $2,1001 to 3 Bedroom Apartments Contact Us For Availability
Hunter Ridge Apartments
1068 Todd Farm DrElgin, IL 60123
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
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$1,353 - $3,556
Total Monthly Price
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,257 - $3,460
Required Monthly Fees
$96
Total Monthly Price
$1,353 - $3,556
1900 at Canterfield Apartment Homes
1900 Canterfield Pky EWest Dundee, IL 60118
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$1,395 - $1,6601 to 2 Bedroom Apartments Available Now
Eden Prairie Apartments
303 Lw Besinger DrCarpentersville, IL 60110
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$1,4001 Bedroom Apartments Available Now
200 S Lincoln
200 S Lincoln AveCarpentersville, IL 60110
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$1,434 - $1,7811 to 2 Bedroom Apartments Available Now
Darlington Court Apartments
595 Darlington LnCrystal Lake, IL 60014
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$1,500 - $1,6002 Bedroom Apartments Contact Us For Availability
39 Surrey Dr
51 Surrey DrElgin, IL 60123
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$1,500 - $1,7003 Bedroom Apartments Contact Us For Availability
Oakbrook Estates- Senior 55+ Community
929 Crookedstick CtCrystal Lake, IL 60014
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$1,500 - $1,7501 to 2 Bedroom Apartments Available Now
Wing Park Residence
6 Tivoli PlElgin, IL 60123
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
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$1,550 - $1,6501 Bedroom Apartments Available Now
311 Barrington Ave Lofts
311 Barrington AveEast Dundee, IL 60118
1303 Silverstone Dr, Unit 1303 Silverstone
1303 Silverstone Dr
CarpentersvilleIL60110
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$1,575 - $1,6302 Bedroom Apartments Available Now
Woodcreek
11700 Woodcreek EHuntley, IL 60142
1371 Cunat Ct
Lake In The HillsIL60156
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Studio to 2 Bedroom Apartments
The Residences of Lake in the Hills Senior 55
2601 Village Hall DrLake In The Hills, IL 60156
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1 to 2 Bedroom Apartments
Elgin Tower Lofts
100 E Chicago StElgin, IL 60120
1303 Silverstone Dr
CarpentersvilleIL60110
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
Showing Results 1-21, Page 1 of 1
Algonquin, IL Local Guide
Illinois Prairie by Kevin is licensed under CC BY 2.0
How much does it cost to rent an apartment in Algonquin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Algonquin Studio Apartments | $1,696 | $1,353 | $1,894 |
| Cheap Algonquin 1 Bedroom Apartments | $1,808 | $826 | $2,755 |
| Cheap Algonquin 2 Bedroom Apartments | $2,064 | $967 | $3,412 |
| Cheap Algonquin 3 Bedroom Apartments | $3,825 | $1,500 | $10,000+ |
| Cheap Algonquin 4 Bedroom Apartments | $3,500 | $3,400 | $3,600 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Apartments in Algonquin
See all Apartments in AlgonquinExplore Algonquin
Algonquin, IL Local Guide
- Algonquin Neighborhoods
- Nearby Cities
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- Local Counties
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Cheapest Neighborhoods for Apartments in Algonquin, IL
Pricing Updated: 02/25/2026Current apartment rentals in the Algonquin, IL area range in price from $1,235 to $19,093 with an overall median price of $12,592. The three Algonquin neighborhoods with the lowest median rent pricing are Square Barn Road School Campus at $1,450, Creek's Crossing at $1,235, and Willoughby Farms at $1,400. Here is today’s list of the top 9 neighborhoods with the lowest median pricing for Algonquin Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Square Barn Road School Campus | $2,600 | $1,450 | 18 |
| Creek's Crossing | $3,054 | $1,235 | 40 |
| Willoughby Farms | $10,778 | $1,400 | 25 |
| Arrowhead | $10,856 | $1,658 | 38 |
| High Hill Farms | $10,856 | $1,658 | 31 |
| Alta Vista | $18,798 | $1,235 | 7 |
| Gaslight Terrace North | $18,798 | $1,235 | 16 |
| Grand Reserve | $18,798 | $1,666 | 14 |
| Waterford of Algonquin | $18,798 | $1,235 | 16 |
Cheapest Available Algonquin Apartments for Rent
The cheapest available apartment rental in Algonquin, IL is a 1 Bed unit found at Blackhawk Apartment Homes in the Beacon Pointe neighborhood priced from $1,400. 200 S Lincoln in the Waterford of Algonquin neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,400. Here is today’s list of the most affordable Algonquin apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Blackhawk Apartment Homes | One Bedroom - 723 sqft | 1BR,1BA | $1,400 |
| 200 S Lincoln | 1BD/1BA | 1BR,1BA | $1,400 |
| Eden Prairie Apartments | 1 Bed 1 Bath Renovated Ground Level | 1BR,1BA | $1,495 |
| Wing Park Residence | wp-1bs | 1BR,1BA | $1,500 |
| Darlington Court Apartments | one bed One bath | 1BR,1BA | $1,534 |
Best Value Apartments for Rent in Algonquin, IL
As of February 25, 2026 the best value apartment in the Algonquin area is the $1.31 price per square foot Four Bedroom Model at Princeton West Townhomes in the in the Beacon Pointe neighborhood starting from $3,400. The second greatest value Algonquin apartment is the D2A Model at The Villages at Canterfield starting at $2,750 with a $1.98 price per square foot in the Willow Lakes Estates neighborhood. Here is today’s list of the best values for Algonquin apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Princeton West Townhomes | Four Bedroom | 4BR,5BA | $1.31 |
| The Villages at Canterfield | D2A | 3BR,3BA | $1.98 |
| Oakbrook Estates- Senior 55+ Community | Champion Single Wide | 3BR,2BA | $1.42 |
| Riverwalk on Main | Arbordale | 1BR,1BA | $2.05 |
| Haber Pointe Apartments | 2 Br / 2 Ba | 2BR,2BA | $2.09 |
| Woodcreek | Apt B | 2BR,2BA | $1.55 |
| Residence of Fairway Greens | CB121.5 Two Bed One and One half bath | 2BR,1.5BA | $1.81 |
| 311 Barrington Ave Lofts | 1 Bed Room | 1BR,1BA | $1.75 |
| Wing Park Residence | wp-1bs | 1BR,1BA | $2.07 |
| Blackhawk Apartment Homes | One Bedroom - 711 sqft | 1BR,1BA | $1.97 |
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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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Best Local Schools in Algonquin, IL
Eastview Elementary School
Community Unit School District 300
Public School - Grades PK-5 (385)
10 out of 10
Harry D Jacobs High School
Community Unit School District 300
Public School - Grades 9-12 (2080)
8 out of 10
Westfield Community School
Community Unit School District 300
Public School - Grades PK-8 (1354)
6 out of 10
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Algonquin, IL Rentals by Map
See the most popular apartments and homes in Algonquin, IL
Frequently Asked Questions about Cheap Algonquin Apartments
What is the price of a cheap apartment in Algonquin?
The cheapest apartment in Algonquin is 200 S Lincoln which is listed at $1,400, while the average apartment in Algonquin costs $12,592.
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 26 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 $845 which is $11,747 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.
Articles, How-To's, and Tips
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.