241 Wedgewood Cir
Lake In The HillsIL60156
Cheap Homes for Rent in Algonquin, IL from $975 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Algonquin.
10 Arrowhead Dr
AlgonquinIL60102
1363 Cunat Ct
Lake In The HillsIL60156
1343 Cunat Ct
Lake In The HillsIL60156
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
352 College St
Crystal LakeIL60014
1362 Cunat Ct, Unit 1362 Cunat Ct Apt 2A
1362 Cunat Ct
Lake In The HillsIL60156
219 Uteg St
Crystal LakeIL60014
1353 Cunat Ct
Lake In The HillsIL60156
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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Algonquin, IL Local Guide
How much does it cost to rent a home in Algonquin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Algonquin 2 Bedroom Homes for Rent | $2,208 | $1,625 | $2,600 |
| Algonquin 3 Bedroom Homes for Rent | $2,722 | $2,295 | $3,650 |
| Algonquin 4 Bedroom Homes for Rent | $3,584 | $3,200 | $4,600 |
| Algonquin 5 Bedroom Homes for Rent | $5,400 | $5,400 | $5,400 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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Algonquin, IL Local Guide
- Algonquin Neighborhoods
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Cheapest Neighborhoods for Apartments in Algonquin, IL
Pricing Updated: 09/05/2026Current apartment rentals in the Algonquin, IL area range in price from $570 to $4,600 with an overall median price of $2,236. The three Algonquin neighborhoods with the lowest median rent pricing are Waterford of Algonquin at $1,560, Creek's Crossing at $1,811, and Alta Vista at $1,855. 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 |
|---|---|---|---|
| Waterford of Algonquin | $1,560 | $1,235 | 16 |
| Creek's Crossing | $1,811 | $1,235 | 29 |
| Alta Vista | $1,855 | $570 | 9 |
| Gaslight Terrace North | $1,965 | $570 | 11 |
| Arrowhead | $1,994 | $570 | 24 |
| High Hill Farms | $2,015 | $1,509 | 18 |
| Willoughby Farms | $2,237 | $1,400 | 15 |
| Square Barn Road School Campus | $2,575 | $1,400 | 65 |
| Grand Reserve | $2,762 | $1,525 | 33 |
Cheapest Available Algonquin Apartments for Rent
The cheapest available apartment rental in Algonquin, IL is a 1 Bed unit found at Cary Horizon 62+ Senior Community in the Arrowhead neighborhood priced from $570. Meadowdale Apartments in the Waterford of Algonquin neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,235. Here is today’s list of the most affordable Algonquin apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Cary Horizon 62+ Senior Community | 1 Bedroom - 30-60% | 1BR,1BA | $570 |
| Meadowdale Apartments | 1 Bedroom - 1 Bath 667 sq ft | 1BR,1BA | $1,235 |
| The Church Street Apartments | 1 Bedroom | 1BR,1BA | $1,300 |
Best Value Apartments for Rent in Algonquin, IL
As of September 05, 2026 the best value apartment in the Algonquin area is the $0.93 price per square foot 1330 Braewood Dr Model at 1330 Braewood Dr, Unit 1 in the in the Waterford of Algonquin neighborhood starting from $1,675. The second greatest value Algonquin apartment is the Willowood Model at Redwood Crystal Lake starting at $2,499 with a $1.81 price per square foot in the Arrowhead 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. |
|---|---|---|---|
| 1330 Braewood Dr, Unit 1 | 1330 Braewood Dr | 1BR,1BA | $0.93 |
| Redwood Crystal Lake | Willowood | 2BR,2BA | $1.81 |
| Oakbrook Estates- Senior 55+ Community | Champion Single Wide | 3BR,2BA | $1.25 |
| Cary Horizon 62+ Senior Community | 2 Bedroom - 60% | 2BR,1BA | $1.56 |
| The Church Street Apartments | 1 Bedroom | 1BR,1BA | $1.43 |
| 2123 Hillside Ter, Unit 2 | 2123 Hillside Ter | 2BR,1BA | $1.78 |
| 311 Barrington Ave Lofts | 1 Bed Room | 1BR,1BA | $1.75 |
| Wing Park Residence | wp-1bs | 1BR,1BA | $2.14 |
| Meadowdale Apartments | 1 Bedroom - 1 Bath 667 sq ft | 1BR,1BA | $1.85 |
| 200 S Lincoln | 1BD/1BA | 1BR,1BA | $2.15 |
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
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal 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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Best Local Schools in Algonquin, IL
Eastview Elementary School
Community Unit School District 300
Public School - Grades PK-5 (452)
9 out of 10
Harry D Jacobs High School
Community Unit School District 300
Public School - Grades 9-12 (2042)
8 out of 10
Westfield Community School
Community Unit School District 300
Public School - Grades PK-8 (1285)
7 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
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Frequently Asked Questions about Algonquin
What type of rentals are currently available in Algonquin?
There are currently 66 Apartments for Rent in Algonquin, IL with pricing that ranges from $570 to $4,600. There are also 55 Single Family Homes for rent, Condos, and Townhome rentals currently available in Algonquin ranging from $975 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 $975 to $5,400 with an average monthly rent of $2,639.
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 $3,775, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,295 to $3,650. Four Bedroom Single-Family rentals are also available starting from $3,200 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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.