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

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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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 2 Beds unit found at Meadowdale Apartments priced from $1,450. Randall Village has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,695. Here are the most affordable Gaslight Terrace North apartments for rent in Algonquin, IL:

Apartment ListingModel NameBed/BathPriced From
Meadowdale Apartments2 Bedroom 1 Bath 810 sq ft2BR,1BA$1,450
Randall VillageThe Monet1BR,1BA$1,695
Algonquin Square Apartment HomesThe Gillilan1BR,1BA$1,834
Haber Pointe Apartments2 Br / 2 Ba2BR,2BA$2,300

Best Value Apartments for Rent in Gaslight Terrace North, IL

As of April 15, 2026 the best value apartment in the Gaslight Terrace North area is the $2.09 price per square foot 2 Br / 2 Ba Model at Haber Pointe Apartments in the in the Arrowhead neighborhood starting from $2,300. The second greatest value Gaslight Terrace North apartment is the 2 Bedroom 1 Bath 810 sq ft Model at Meadowdale Apartments starting at $1,450 with a $1.79 price per square foot in the Waterford of Algonquin 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.
Haber Pointe Apartments2 Br / 2 Ba2BR,2BA$2.09
Meadowdale Apartments2 Bedroom 1 Bath 810 sq ft2BR,1BA$1.79
Algonquin Square Apartment HomesThe Gillilan1BR,1BA$2.31
Randall VillageThe Chagall1BR,1BA$2.40

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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.

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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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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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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 $1,695 at Randall Village.

What is the lowest price for a Cheap Two Bedroom Gaslight Terrace North Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Gaslight Terrace North is starting from $1,450 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 What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

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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.

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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.

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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.