Cheap Apartments for Rent in the Gaslight Terrace North Neighborhood of Algonquin, IL from $700 (17 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Gaslight Terrace North area of Algonquin.

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Algonquin Square
1 to 2 Bedroom Apartments

Algonquin Square

2380 Esplanade DrAlgonquin, IL 60102
  • Smoke Free
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Westview Crossing
3 Bedroom Apartments

Westview Crossing

1007 Doctor John Burkey DrAlgonquin, IL 60102
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122-140 Main St
Studio Apartments

122-140 Main St

122-140 Main StAlgonquin, IL 60102

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Arrowhead Apartments
1 to 2 Bedroom Apartments

Arrowhead Apartments

25 Arrowhead DrAlgonquin, IL 60102
  • Utilities Included
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The Oaks at Algonquin
Studio to 2 Bedroom Apartments

The Oaks at Algonquin

2595 Harnish DrAlgonquin, IL 60102
Senior Living

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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Wood Creek Village
1 to 2 Bedroom Apartments

Wood Creek Village

1 W Acorn LnLake In The Hills, IL 60156
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300 Village Creek Dr
1 to 2 Bedroom Apartments

300 Village Creek Dr

300 Village Creek DrLake In The Hills, IL 60156

Cash 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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Fox View I, II
2 to 3 Bedroom Apartments

Fox View I, II

27 Oxford DrCarpentersville, IL 60110
  • Utilities Included

Gaslight Terrace North, Algonquin, IL Local Guide

Cheapest Available Gaslight Terrace North Apartments for Rent

 

The cheapest available apartment rental in the Gaslight Terrace North area of Algonquin, IL is a 1 Bed unit found at Meadowdale Apartments priced from $1,235. Randall Village has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,615. Here are the most affordable Gaslight Terrace North apartments for rent in Algonquin, IL:

Apartment ListingModel NameBed/BathPriced From
Meadowdale Apartments1 Bedroom - 1 Bath 667 sq ft1BR,1BA$1,235
Randall VillageThe Chagall1BR,1BA$1,615
Skyridge Club ApartmentsSandpiper2BR,1BA$1,690
Algonquin Square Apartment HomesThe Gillilan1BR,1BA$1,795

Best Value Apartments for Rent in Gaslight Terrace North, IL

As of May 30, 2026 the best value apartment in the Gaslight Terrace North 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 Gaslight Terrace North apartment is the The Picasso B Model at Randall Village starting at $1,945 with a $2.12 price per square foot in the Park Place neighborhood. Here is today’s list of the best values for Gaslight Terrace North apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1330 Braewood Dr, Unit 11330 Braewood Dr1BR,1BA$0.92
Randall VillageThe Picasso B1BR,1BA$2.12
Skyridge Club ApartmentsSandpiper2BR,1BA$1.99
Algonquin Square Apartment HomesThe Gillilan1BR,1BA$2.26
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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Lifestyle Ratings

This website is happy to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in cities across the United States including Gaslight Terrace North, Algonquin, and the greater Algonquin area. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including rankings of the best places for the best outdoor access, luxury amenities, kid and pet-friendly communities, availability of transit options, and how walkable or bikeable each community and area is. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Gaslight Terrace North Apartments

How much is rent for a Cheap One Bedroom Gaslight Terrace North Apartment?

The lowest price for a Cheap One Bedroom Gaslight Terrace North Apartment is $1,235 at Meadowdale Apartments.

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

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent   article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.