
Cheap Homes for Rent in Gaslight Terrace North Neighborhood of Algonquin, IL from $1,500 (12 Rentals)
Search the lowest-cost Homes available for rent right now in the Gaslight Terrace North area of Algonquin.


20 Arrowhead Dr

5 Arrowhead Dr

1371 Cunat Ct, Unit 1D

1345 Cunat Ct

1351 Cunat Ct
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.

132 Harvest Gate Rd

1361 Cunat Ct

1374 Cunat Ct

2115 Silverstone Dr

1917 Silverstone Dr

917 Silverstone Dr
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

How much does it cost to rent a home in Gaslight Terrace North?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Gaslight Terrace North 2 Bedroom Homes for Rent | $1,892 | $1,550 | $2,550 |
| Gaslight Terrace North 3 Bedroom Homes for Rent | $2,312 | $1,950 | $2,700 |
| Gaslight Terrace North 4 Bedroom Homes for Rent | $3,700 | $3,500 | $3,900 |
| Gaslight Terrace North 5 Bedroom Homes for Rent | $4,150 | $2,900 | $5,400 |
Browse Homes for Rent in this Neighborhood
There are currently 12 rentals with your search options within a 3 mile radius of the Gaslight Terrace North Neighborhood of Algonquin, IL.
Explore Algonquin
Gaslight Terrace North, Algonquin, IL Local Guide
- Nearby Algonquin neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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. Skyridge Club Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,660. Here are the most affordable Gaslight Terrace North apartments for rent in Algonquin, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Meadowdale Apartments | 2 Bedroom 1 Bath 810 sq ft | 2BR,1BA | $1,450 |
| Skyridge Club Apartments | Meadowlark | 1BR,1BA | $1,660 |
| Randall Village | The Monet | 1BR,1BA | $1,695 |
| Algonquin Square Apartment Homes | The Gillilan | 1BR,1BA | $1,834 |
Best Value Apartments for Rent in Gaslight Terrace North, IL
As of April 24, 2026 the best value apartment in the Gaslight Terrace North area is the $1.79 price per square foot 2 Bedroom 1 Bath 810 sq ft Model at Meadowdale Apartments in the in the Waterford of Algonquin neighborhood starting from $1,450. The second greatest value Gaslight Terrace North apartment is the The Gillilan Model at Algonquin Square Apartment Homes starting at $1,834 with a $2.31 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Meadowdale Apartments | 2 Bedroom 1 Bath 810 sq ft | 2BR,1BA | $1.79 |
| Algonquin Square Apartment Homes | The Gillilan | 1BR,1BA | $2.31 |
| Randall Village | The Chagall | 1BR,1BA | $2.40 |
| Skyridge Club Apartments | Meadowlark | 1BR,1BA | $2.37 |
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.
Read ArticleDon'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 ArticleThe 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.
Read ArticleQuick 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.
Best Local Schools in Gaslight Terrace North, Algonquin, IL
Eastview Elementary School
Harry D Jacobs High School
Algonquin Middle School
School data provided by Great Schools
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 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Gaslight Terrace North ranging from $1,550 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 $1,550 to $5,400 with an average monthly rent of $3,013.
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

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.

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.

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.