1332 Cunat Ct
Lake In The HillsIL60156
Cheap Homes for Rent in Algonquin, IL from $1,600 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Algonquin.
279 Bayview Rd
ElginIL60123
1345 Cunat Ct
Lake In The HillsIL60156
300 Village Creek Dr
Lake In The HillsIL60156
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.
1 Acorn Ln
Lake In The HillsIL60156
4641 Magnolia Ln
Lake In The HillsIL60156
2008 Limestone Ln
CarpentersvilleIL60110
2307 Silverstone Dr
CarpentersvilleIL60110
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.
Showing Results 1-8, Page 1 of 1
Algonquin, IL Local Guide
Illinois Prairie by Kevin is licensed under CC BY 2.0
How much does it cost to rent a home in Algonquin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Algonquin 2 Bedroom Homes for Rent | $2,141 | $1,675 | $2,405 |
| Algonquin 3 Bedroom Homes for Rent | $2,650 | $2,100 | $3,500 |
| Algonquin 4 Bedroom Homes for Rent | $3,214 | $2,895 | $3,700 |
| Algonquin 5 Bedroom Homes for Rent | $4,275 | $3,750 | $4,800 |
Browse Top Homes for Rent in Algonquin
Explore Algonquin
Algonquin, IL Local Guide
- Algonquin Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Algonquin, IL
Pricing Updated: 08/12/2025Current apartment rentals in the Algonquin, IL area range in price from $1,185 to $3,500 with an overall median price of $2,554. The three Algonquin neighborhoods with the lowest median rent pricing are Gaslight Terrace North at $1,185, Waterford of Algonquin at $1,185, and Grand Reserve at $1,608. 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 |
|---|---|---|---|
| Gaslight Terrace North | $2,156 | $1,185 | 11 |
| Waterford of Algonquin | $2,200 | $1,185 | 20 |
| Grand Reserve | $2,250 | $1,608 | 11 |
| Arrowhead | $2,325 | $1,557 | 24 |
| Alta Vista | $2,350 | $1,185 | 11 |
| Square Barn Road School Campus | $2,500 | $1,557 | 4 |
| Creek's Crossing | $3,054 | $1,185 | 24 |
| Willoughby Farms | $3,054 | $1,400 | 12 |
| High Hill Farms | $3,098 | $1,557 | 15 |
Cheapest Available Algonquin Apartments for Rent and Nearby
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 - 723 sqft | 1BR,1BA | $1,470 |
Best Value Apartments for Rent in Algonquin, IL and Nearby
As of August 12, 2025 the best value apartment in the Algonquin area is the $1.11 price per square foot 2 Bedroom Model at The Church Street Apartments in the in the Park Place neighborhood starting from $2,000. The second greatest value Algonquin apartment is the Accera Model at Conservancy at Gilberts starting at $2,680 with a $1.80 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. |
|---|---|---|---|
| The Church Street Apartments | 2 Bedroom | 2BR,2BA | $1.11 |
| Conservancy at Gilberts | Accera | 2BR,2.5BA | $1.80 |
| 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 | $1.90 |
| Crystal Lake Apartments | 2 Bedroom Townhome with Firepl | 2BR,1BA | $1.96 |
| 311 Barrington Ave Lofts | 1 Bed Room | 1BR,1BA | $1.75 |
| 39 Surrey Dr | 39 Surrey | 2BR,1BA | $1.65 |
| Springs at Three Oaks | 1GC | 1 BR Grand Courtyard | 1BR,1BA | $2.04 |
| Eden Prairie Apartments | 2 Bed 1 Bath A Renovated* | 2BR,1BA | $1.98 |
| Blackhawk Apartment Homes | One Bedroom - 723 sqft | 1BR,1BA | $2.08 |
Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Let everyone know!
Do you know the Algonquin area?
If you’re an expert on all things Algonquin, tell us what you love (and don't) by rating it and writing a review.
Write a Review
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 $3,500. There are also 52 Single Family Homes for rent, Condos, and Townhome rentals currently available in Algonquin ranging from $1,675 to $4,800.
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 $1,675 to $4,800 with an average monthly rent of $2,895.
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.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.