Cheap Homes for Rent in Gaslight Terrace North Neighborhood of Algonquin, IL from $1,300 (9 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

property at 30 Waverly Ct

$2,300

Total Monthly Price

Total Monthly Price

Base Rent
$2,300

Total Monthly Price
$2,300

2 Bedroom, 1.5 Bath Townhome for Rent

Available Now

30 Waverly Ct

AlgonquinIL60102
property at 103 Capella Ct

$2,350

Total Monthly Price

Total Monthly Price

Base Rent
$2,350

Total Monthly Price
$2,350

2 Bedroom, 2.5 Bath Townhome for Rent

Available Now

103 Capella Ct

Lake In The HillsIL60156

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.

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
Algonquin Square Apartment HomesThe Gillilan1BR,1BA$1,835

Best Value Apartments for Rent in Gaslight Terrace North, IL

As of June 09, 2026 the best value apartment in the Gaslight Terrace North area is the $2.25 price per square foot Ballard Model at Riverwalk on Main in the in the Park Place neighborhood starting from $2,550. The second greatest value Gaslight Terrace North apartment is the 2 Br / 2 Ba Model at Haber Pointe Apartments starting at $2,300 with a $2.09 price per square foot in the Arrowhead 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.
Riverwalk on MainBallard2BR,2BA$2.25
Haber Pointe Apartments2 Br / 2 Ba2BR,2BA$2.09
Skyridge Club ApartmentsSandpiper2BR,1BA$2.22
Randall VillageThe Monet1BR,1BA$2.32
Algonquin Square Apartment HomesThe Gillilan1BR,1BA$2.31
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.

Read Article
Decorative image

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.

Read Article
Decorative image

Quick Rent Budget Calculator

How much rent can you afford?

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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Gaslight Terrace North

What type of rentals are currently available in Gaslight Terrace North?

There are currently 31 Apartments for Rent in Gaslight Terrace North, IL with pricing that ranges from $1,235 to $17,896. There are also 20 Single Family Homes for rent, Condos, and Townhome rentals currently available in Gaslight Terrace North ranging from $1,850 to $5,400.

What is the current price range for Rental Homes in Gaslight Terrace North?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Gaslight Terrace North ranges from $1,850 to $5,400 with an average monthly rent of $3,470.

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 Pet-Friendly Renting: Everything You Need to Know Before You Move article

Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units  article

Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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.

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.