Cheap Homes for Rent in Algonquin, IL from $1,500 (18 Rentals)

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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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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Algonquin, IL Local Guide

Cheapest Neighborhoods for Apartments in Algonquin, IL

Pricing Updated: 09/28/2025

Current apartment rentals in the Algonquin, IL area range in price from $1,500 to $4,500 with an overall median price of $4,044. The three Algonquin neighborhoods with the lowest median rent pricing are Waterford of Algonquin at $1,725, Alta Vista at $1,725, and Arrowhead at $1,725. Here is today’s list of the top 9 neighborhoods with the lowest median pricing for Algonquin Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Waterford of Algonquin$3,175$1,72525
Alta Vista$3,350$1,72527
Arrowhead$3,400$1,72526
Square Barn Road School Campus$3,975$1,50041
Creek's Crossing$4,500$1,72530
Gaslight Terrace North$4,500$1,72533
Grand Reserve$4,500$1,50041
High Hill Farms$4,500$2,1006
Willoughby Farms$4,500$1,72531

Cheapest Available Algonquin Apartments for Rent

 

The cheapest available apartment rental in Algonquin, IL is a 2 Beds unit found at 39 Surrey Dr in the West Ridge Village neighborhood priced from $1,400. 200 S Lincoln in the Waterford of Algonquin neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,400. Here is today’s list of the most affordable Algonquin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
39 Surrey Dr39 Surrey2BR,1BA$1,400
200 S Lincoln1BD/1BA1BR,1BA$1,400
Blackhawk Apartment HomesOne Bedroom - 711 sqft1BR,1BA$1,465
Eden Prairie Apartments2 Bed 1 Bath B2BR,1BA$1,545
311 Barrington Ave Lofts1 Bed Room1BR,1BA$1,550

Best Value Apartments for Rent in Algonquin, IL

As of September 28, 2025 the best value apartment in the Algonquin area is the $1.31 price per square foot Four Bedroom Model at Princeton West Townhomes in the in the Beacon Pointe neighborhood starting from $3,400. The second greatest value Algonquin apartment is the Accera Model at Conservancy at Gilberts starting at $2,725 with a $1.83 price per square foot in the Square Barn Road School Campus neighborhood. Here is today’s list of the best values for Algonquin apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Princeton West TownhomesFour Bedroom4BR,5BA$1.31
Conservancy at GilbertsAccera2BR,2.5BA$1.83
Oakbrook Estates- Senior 55+ CommunityChampion Single Wide3BR,2BA$1.42
Residence of Fairway GreensCB121.5 Two Bed One and One half bath2BR,1BA$1.76
Darlington Court Apartments2 Bedroom/1.5 Bath2BR,1.5BA$1.66
The Cornell Luxury Apartments1 bedroom1BR,1BA$1.76
311 Barrington Ave Lofts1 Bed Room1BR,1BA$1.75
Skyridge Club ApartmentsSandpiper2BR,1BA$2.06
39 Surrey Dr39 Surrey2BR,1BA$1.65
Eden Prairie Apartments2 Bed 1 Bath A Renovated2BR,1BA$1.95

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Algonquin

What type of rentals are currently available in Algonquin?

There are currently 61 Apartments for Rent in Algonquin, IL with pricing that ranges from $826 to $16,235. There are also 75 Single Family Homes for rent, Condos, and Townhome rentals currently available in Algonquin ranging from $1,500 to $4,500.

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 $1,500 to $4,500 with an average monthly rent of $2,794.

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 $16,235, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,965 to $3,500. Four Bedroom Single-Family rentals are also available starting from $2,750 and Four Bedroom Apartments start at $3,400.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Kansas Citys Major Employers & the Best Places to Rent Near Them | A Local Expert Guide

Written by: Amber Kanuckel

Hey, there! I’m Amber, your ApartmentHomeLiving.com local expert for Kansas City, and I’m back with my recommendations for top employers in the area.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.