10 Arrowhead Dr
AlgonquinIL60102
Cheap Homes for Rent in Algonquin, IL from $1,500 (20 Rentals)
Search the lowest-cost Homes available for rent right now in Algonquin.
20 Arrowhead Dr
AlgonquinIL60102
5 Arrowhead Dr
AlgonquinIL60102
1303 Silverstone Dr, Unit 1303 Silverstone, Unit 1303 Silverstone
1303 Silverstone Dr
CarpentersvilleIL60110
1371 Cunat Ct, Unit 1D
1371 Cunat Ct
Lake In The HillsIL60156
1345 Cunat Ct
Lake In The HillsIL60156
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.
207 N Lord Ave
CarpentersvilleIL60110
1351 Cunat Ct
Lake In The HillsIL60156
1025 Rosewood Dr
CarpentersvilleIL60110
1025 Rosewood Dr
CarpentersvilleIL60110
132 Harvest Gate Rd
Lake In The HillsIL60156
2115 Silverstone Dr
CarpentersvilleIL60110
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.
1917 Silverstone Dr
CarpentersvilleIL60110
917 Silverstone Dr
CarpentersvilleIL60110
10089 Thornton Way
HuntleyIL60142
3184 Impressions Dr
Lake In The HillsIL60156
378 Council Trail
Lake In The HillsIL60156
1225 Brookdale Dr
CarpentersvilleIL60110
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.
10 Fir St
CarpentersvilleIL60110
118 Hazard Rd
CarpentersvilleIL60110
Showing Results 1-20, 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 a home in Algonquin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Algonquin 2 Bedroom Homes for Rent | $1,964 | $1,550 | $2,550 |
| Algonquin 3 Bedroom Homes for Rent | $2,601 | $1,950 | $3,650 |
| Algonquin 4 Bedroom Homes for Rent | $3,438 | $2,915 | $3,900 |
| Algonquin 5 Bedroom Homes for Rent | $4,150 | $2,900 | $5,400 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Algonquin
Explore Algonquin
Algonquin, IL Local Guide
- Algonquin Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Algonquin, IL
Pricing Updated: 04/21/2026Current apartment rentals in the Algonquin, IL area range in price from $1,550 to $5,400 with an overall median price of $4,109. The three Algonquin neighborhoods with the lowest median rent pricing are High Hill Farms at $1,950, Alta Vista at $1,550, and Arrowhead at $1,550. 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 |
|---|---|---|---|
| High Hill Farms | $2,535 | $1,950 | 1 |
| Alta Vista | $4,150 | $1,550 | 21 |
| Arrowhead | $4,150 | $1,550 | 17 |
| Creek's Crossing | $4,150 | $1,550 | 20 |
| Gaslight Terrace North | $4,150 | $1,550 | 19 |
| Grand Reserve | $4,150 | $1,550 | 18 |
| Waterford of Algonquin | $4,150 | $1,550 | 17 |
| Willoughby Farms | $4,150 | $1,550 | 19 |
| Square Barn Road School Campus | $5,400 | $1,750 | 15 |
Cheapest Available Algonquin Apartments for Rent
The cheapest available apartment rental in Algonquin, IL is a 1 Bed unit found at 200 S Lincoln in the Waterford of Algonquin neighborhood priced from $1,400. Meadowdale Apartments in the Waterford of Algonquin neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,450. Here is today’s list of the most affordable Algonquin apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 200 S Lincoln | 1BD/1BA | 1BR,1BA | $1,400 |
| Meadowdale Apartments | 2 Bedroom 1 Bath 810 sq ft | 2BR,1BA | $1,450 |
| Blackhawk Apartment Homes | One Bedroom - 723 sqft | 1BR,1BA | $1,470 |
| Eden Prairie Apartments | 1 Bed 1 Bath Renovated Ground Level | 1BR,1BA | $1,540 |
| 311 Barrington Ave Lofts | 1 Bed Room | 1BR,1BA | $1,550 |
Best Value Apartments for Rent in Algonquin, IL
As of April 21, 2026 the best value apartment in the Algonquin area is the $1.42 price per square foot Champion Single Wide Model at Oakbrook Estates- Senior 55+ Community in the in the East Suburban McHenry neighborhood starting from $1,700. The second greatest value Algonquin apartment is the Kingsmill Model at Reserve Randall Road starting at $2,424 with a $2.20 price per square foot in the Willoughby Farms 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. |
|---|---|---|---|
| Oakbrook Estates- Senior 55+ Community | Champion Single Wide | 3BR,2BA | $1.42 |
| Reserve Randall Road | Kingsmill | 2BR,2BA | $2.20 |
| Woodcreek | Apt B | 2BR,2BA | $1.60 |
| Water's Edge | The Trail | 1BR,1BA | $2.21 |
| 311 Barrington Ave Lofts | 1 Bed Room | 1BR,1BA | $1.75 |
| Meadowdale Apartments | 2 Bedroom 1 Bath 810 sq ft | 2BR,1BA | $1.79 |
| Crystal Lake Apartments | 1 Bedroom | 1BR,1BA | $2.21 |
| Wing Park Residence | wp-1bs | 1BR,1BA | $2.14 |
| Blackhawk Apartment Homes | One Bedroom - 723 sqft | 1BR,1BA | $2.05 |
| 200 S Lincoln | 1BD/1BA | 1BR,1BA | $2.15 |
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 Article
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 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.
Let everyone know!
Do you know the Algonquin area?
If you’re an expert on all things Algonquin, tell us what you love (and don't) by rating it and writing a review.
Write a Review
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 Algonquin
What type of rentals are currently available in Algonquin?
There are currently 62 Apartments for Rent in Algonquin, IL with pricing that ranges from $826 to $17,896. There are also 50 Single Family Homes for rent, Condos, and Townhome rentals currently available in Algonquin ranging from $1,550 to $5,400.
What is the current price range for Rental Homes in Algonquin?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Algonquin ranges from $1,550 to $5,400 with an average monthly rent of $2,761.
How much are larger Three and Four Bedroom Rentals in Algonquin?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Algonquin range from $1,500 to $17,896, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,950 to $3,650. Four Bedroom Single-Family rentals are also available starting from $2,915 and Four Bedroom Apartments start at $3,400.
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
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.
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.