Cheap Homes for Rent in Algonquin, IL from $900 (10 Rentals)

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Search the lowest-cost Homes available for rent right now in Algonquin.

property at 1375 Cunat Ct

$999

Total Monthly Price

Total Monthly Price

Base Rent
$999

Total Monthly Price
$999

1 Bedroom, 1 Bath Condo for Rent

Available Now

1375 Cunat Ct, Unit 3G

1375 Cunat Ct
Lake In The HillsIL60156
property at 1303 Silverstone Dr

$1,565

Total Monthly Price

Total Monthly Price

Base Rent
$1,565

Total Monthly Price
$1,565

1 Bedroom, 1 Bath Condo for Rent

Available Apr 1

1303 Silverstone Dr, Unit 1303 Silverstone

1303 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.

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.

Algonquin, IL Local Guide

Cheapest Neighborhoods for Apartments in Algonquin, IL

Pricing Updated: 03/07/2026

Current apartment rentals in the Algonquin, IL area range in price from $1,235 to $19,093 with an overall median price of $10,092. The three Algonquin neighborhoods with the lowest median rent pricing are Square Barn Road School Campus at $1,300, Arrowhead at $1,588, and Creek's Crossing at $1,235. Here is today’s list of the top 9 neighborhoods with the lowest median pricing for Algonquin Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Square Barn Road School Campus$1,936$1,30018
Arrowhead$3,039$1,58836
Creek's Crossing$3,093$1,23533
Willoughby Farms$3,093$1,40018
High Hill Farms$3,301$1,58831
Alta Vista$19,093$1,2358
Gaslight Terrace North$19,093$1,23516
Grand Reserve$19,093$1,80811
Waterford of Algonquin$19,093$1,23517

Cheapest Available Algonquin Apartments for Rent

 

The cheapest available apartment rental in Algonquin, IL is a 1 Bed unit found at Blackhawk Apartment Homes in the Beacon Pointe neighborhood priced from $1,390. 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
Blackhawk Apartment HomesOne Bedroom - 723 sqft1BR,1BA$1,390
200 S Lincoln1BD/1BA1BR,1BA$1,400
Meadowdale Apartments2 Bedroom 1 Bath 810 sq ft2BR,1BA$1,450

Best Value Apartments for Rent in Algonquin, IL

As of March 07, 2026 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 3 Bedroom Model at The Church Street Apartments starting at $2,500 with a $1.19 price per square foot in the Park Place 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
The Church Street Apartments3 Bedroom3BR,2BA$1.19
The Villages at CanterfieldD2A3BR,3BA$1.98
Oakbrook Estates- Senior 55+ CommunityChampion Single Wide3BR,2BA$1.42
WoodcreekApt B2BR,2BA$1.55
Residence of Fairway GreensCB121.5 Two Bed One and One half bath2BR,1.5BA$1.90
The Cornell Luxury Apartments1 bedroom1BR,1BA$1.77
311 Barrington Ave Lofts1 Bed Room1BR,1BA$1.75
Meadowdale Apartments2 Bedroom 1 Bath 810 sq ft2BR,1BA$1.79
Blackhawk Apartment HomesOne Bedroom - 723 sqft1BR,1BA$1.94

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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The 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.

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Cash 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.

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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 62 Apartments for Rent in Algonquin, IL with pricing that ranges from $826 to $19,093. There are also 46 Single Family Homes for rent, Condos, and Townhome rentals currently available in Algonquin ranging from $999 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 $999 to $5,400 with an average monthly rent of $2,806.

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 $19,093, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,100 to $3,650. Four Bedroom Single-Family rentals are also available starting from $2,100 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

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.