Cheap Homes for Rent in Algonquin, IL from $1,100 (4 Rentals)

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Algonquin, IL Local Guide

Cheapest Neighborhoods for Apartments in Algonquin, IL

Pricing Updated: 05/01/2025

Current apartment rentals in the Algonquin, IL area range in price from $1,185 to $5,216 with an overall median price of $3,270. The three Algonquin neighborhoods with the lowest median rent pricing are Waterford of Algonquin at $1,185, High Hill Farms at $2,210, and Alta Vista at $1,185. 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$2,550$1,18524
High Hill Farms$2,555$2,2102
Alta Vista$2,700$1,18534
Arrowhead$2,700$1,48049
Grand Reserve$3,765$1,53837
Square Barn Road School Campus$3,765$1,40022
Creek's Crossing$3,800$1,18527
Gaslight Terrace North$3,800$1,18541
Willoughby Farms$3,800$1,18530

Best Value Apartments for Rent in Algonquin, IL and Nearby

As of May 01, 2025 the best value apartment in the Algonquin area is the $1.73 price per square foot CampEnd (TH) Model at Conservancy at Gilberts in the in the Square Barn Road School Campus neighborhood starting from $2,980. The second greatest value Algonquin apartment is the C2- Upper Model at 1900 at Canterfield Apartment Homes starting at $2,475 with a $1.73 price per square foot in the Sandy Creek Estates 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.
Conservancy at GilbertsCampEnd (TH)3BR,2.5BA$1.73
1900 at Canterfield Apartment HomesC2- Upper3BR,2BA$1.73
Redwood Crystal LakeWillowood2BR,2BA$1.74
The Church Street Apartments2 Bedroom2BR,2BA$1.49
Oakbrook Estates- Senior 55+ CommunityChampion Single Wide3BR,2BA$1.42
Residence of Fairway GreensCB121.5 Two bedroom/one and half bath2BR,1.5BA$1.90
Eden Prairie Apartments2 Bed 1 Bath B2BR,1BA$1.69
311 Barrington Ave Lofts1 Bed Room1BR,1BA$1.75
Randall VillageThe Chagall1BR,1BA$2.01
39 Surrey Dr39 SurreyStudio ,1BA$1.88

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Frequently Asked Questions about Algonquin

What type of rentals are currently available in Algonquin?

There are currently 59 Apartments for Rent in Algonquin, IL with pricing that ranges from $826 to $5,216. There are also 47 Single Family Homes for rent, Condos, and Townhome rentals currently available in Algonquin ranging from $1,195 to $4,000.

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 $1,195 to $4,000 with an average monthly rent of $2,612.

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 $3,505, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,105 to $4,000. Four Bedroom Single-Family rentals are also available starting from $2,550 and Four Bedroom Apartments start at $3,120.

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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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.