
Cheap Homes for Rent in Algonquin, IL from $1,500 (18 Rentals)
Search the lowest-cost Homes available for rent right now in Algonquin.


23 N Channing St

530 Locust St
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.

514 N Harrison St

279 Bayview Rd

2008 Limestone Ln

423 Berkshire Dr

1352 Cunat Ct

1493 Keystone Ct

2300 Woodside Dr

2243 Flagstone Ln

329 Tulsa Ave
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.

2043 Limestone Ln

2206 Flagstone Ln

2623 Amber Ct

1531 Millbrook Dr

122 Polaris Dr
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.

2237 Dawson Ln
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 | $2,025 | $1,500 | $2,500 |
Algonquin 3 Bedroom Homes for Rent | $2,592 | $1,965 | $3,500 |
Algonquin 4 Bedroom Homes for Rent | $3,380 | $2,750 | $4,500 |
Algonquin 5 Bedroom Homes for Rent | $3,975 | $3,450 | $4,500 |
Algonquin 6 Bedroom Homes for Rent | $2,600 | $2,600 | $2,600 |
Browse Top Homes for Rent in Algonquin
Explore Algonquin
Algonquin, IL Local Guide
- Algonquin Neighborhoods
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Cheapest Neighborhoods for Apartments in Algonquin, IL
Pricing Updated: 09/28/2025Current 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:
Neighborhood | Median Price | Min Price | Available Units |
---|---|---|---|
Waterford of Algonquin | $3,175 | $1,725 | 25 |
Alta Vista | $3,350 | $1,725 | 27 |
Arrowhead | $3,400 | $1,725 | 26 |
Square Barn Road School Campus | $3,975 | $1,500 | 41 |
Creek's Crossing | $4,500 | $1,725 | 30 |
Gaslight Terrace North | $4,500 | $1,725 | 33 |
Grand Reserve | $4,500 | $1,500 | 41 |
High Hill Farms | $4,500 | $2,100 | 6 |
Willoughby Farms | $4,500 | $1,725 | 31 |
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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
39 Surrey Dr | 39 Surrey | 2BR,1BA | $1,400 |
200 S Lincoln | 1BD/1BA | 1BR,1BA | $1,400 |
Blackhawk Apartment Homes | One Bedroom - 711 sqft | 1BR,1BA | $1,465 |
Eden Prairie Apartments | 2 Bed 1 Bath B | 2BR,1BA | $1,545 |
311 Barrington Ave Lofts | 1 Bed Room | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Princeton West Townhomes | Four Bedroom | 4BR,5BA | $1.31 |
Conservancy at Gilberts | Accera | 2BR,2.5BA | $1.83 |
Oakbrook Estates- Senior 55+ Community | Champion Single Wide | 3BR,2BA | $1.42 |
Residence of Fairway Greens | CB121.5 Two Bed One and One half bath | 2BR,1BA | $1.76 |
Darlington Court Apartments | 2 Bedroom/1.5 Bath | 2BR,1.5BA | $1.66 |
The Cornell Luxury Apartments | 1 bedroom | 1BR,1BA | $1.76 |
311 Barrington Ave Lofts | 1 Bed Room | 1BR,1BA | $1.75 |
Skyridge Club Apartments | Sandpiper | 2BR,1BA | $2.06 |
39 Surrey Dr | 39 Surrey | 2BR,1BA | $1.65 |
Eden Prairie Apartments | 2 Bed 1 Bath A Renovated | 2BR,1BA | $1.95 |
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Best Local Schools in Algonquin, IL
Eastview Elementary School
Harry D Jacobs High School
Westfield Community School
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 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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.

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.