10 Arrowhead Dr
AlgonquinIL60102
Cheap Homes for Rent in Algonquin, IL from $1,300 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Algonquin.
22 Waterfront Ct
AlgonquinIL60102
903 Silverstone Dr
CarpentersvilleIL60110
651 S Virginia Rd
Crystal LakeIL60014
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.
571 Somerset Ln
Crystal LakeIL60014
352 College St
Crystal LakeIL60014
219 Uteg St
Crystal LakeIL60014
5 S Virginia Rd
Crystal LakeIL60014
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 | $2,192 | $1,550 | $3,197 |
| Algonquin 3 Bedroom Homes for Rent | $2,670 | $1,945 | $3,650 |
| Algonquin 4 Bedroom Homes for Rent | $3,482 | $2,650 | $4,300 |
| Algonquin 5 Bedroom Homes for Rent | $4,013 | $3,190 | $5,400 |
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Algonquin, IL Local Guide
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Cheapest Neighborhoods for Apartments in Algonquin, IL
Pricing Updated: 07/21/2026Current apartment rentals in the Algonquin, IL area range in price from $1,350 to $8,000 with an overall median price of $5,261. The three Algonquin neighborhoods with the lowest median rent pricing are Arrowhead at $1,350, Alta Vista at $1,350, and Creek's Crossing at $1,350. Here is today’s list of the top 8 neighborhoods with the lowest median pricing for Algonquin Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Arrowhead | $4,295 | $1,350 | 13 |
| Alta Vista | $5,400 | $1,350 | 11 |
| Creek's Crossing | $5,400 | $1,350 | 12 |
| Gaslight Terrace North | $5,400 | $1,350 | 11 |
| Grand Reserve | $5,400 | $1,500 | 14 |
| Square Barn Road School Campus | $5,400 | $1,500 | 18 |
| Waterford of Algonquin | $5,400 | $1,350 | 7 |
| Willoughby Farms | $5,400 | $1,350 | 12 |
Cheapest Available Algonquin Apartments for Rent
The cheapest available apartment rental in Algonquin, IL is a 1 Bed unit found at Cary Horizon in the Arrowhead neighborhood priced from $570. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Cary Horizon | 1 Bedroom - 30-60% | 1BR,1BA | $570 |
| 200 S Lincoln | 1BD/1BA | 1BR,1BA | $1,400 |
| The Church Street Apartments | 1 Bedroom | 1BR,1BA | $1,400 |
Best Value Apartments for Rent in Algonquin, IL
As of July 21, 2026 the best value apartment in the Algonquin area is the $0.94 price per square foot 1330 Braewood Dr Model at 1330 Braewood Dr, Unit 1 in the in the Waterford of Algonquin neighborhood starting from $1,700. The second greatest value Algonquin apartment is the Meadowood Model at Redwood Crystal Lake starting at $2,674 with a $2.02 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 | $0.94 |
| Redwood Crystal Lake | Meadowood | 2BR,2BA | $2.02 |
| Oakbrook Estates- Senior 55+ Community | Champion Single Wide | 3BR,2BA | $1.25 |
| Haber Pointe Apartments | 2 Br / 2 Ba | 2BR,2BA | $2.09 |
| Woodcreek | Apt B | 2BR,2BA | $1.60 |
| The Church Street Apartments | 1 Bedroom | 1BR,1BA | $1.40 |
| Cary Horizon | 2 Bedroom - 60% | 2BR,1BA | $1.56 |
| 311 Barrington Ave Lofts | 1 Bed Room | 1BR,1BA | $1.75 |
| Blackhawk Apartment Homes | One Bedroom - 723 sqft | 1BR,1BA | $2.05 |
| Eden Prairie Apartments | 1 Bed 1 Bath Ground Level | 1BR,1BA | $2.07 |
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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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.
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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!
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Frequently Asked Questions about Algonquin
What type of rentals are currently available in Algonquin?
There are currently 63 Apartments for Rent in Algonquin, IL with pricing that ranges from $570 to $4,237. There are also 44 Single Family Homes for rent, Condos, and Townhome rentals currently available in Algonquin ranging from $1,350 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 $1,350 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 $3,754, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,945 to $3,650. Four Bedroom Single-Family rentals are also available starting from $2,650 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.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.