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Riverwalk on Main
1 N Main StAlgonquin, IL 60102
Cheap Apartments for Rent in the Waterford of Algonquin Neighborhood of Algonquin, IL from $1,100 (7 Rentals)
Search the lowest-cost Apartments available for rent right now in the Waterford of Algonquin area of Algonquin.
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Studio Apartments
122-140 Main St
122-140 Main StAlgonquin, IL 60102
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1 to 2 Bedroom Apartments
Arrowhead Apartments
25 Arrowhead DrAlgonquin, IL 60102
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
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$1,440 - $1,7001 to 2 Bedroom Apartments Available Now
Eden Prairie Apartments
303 Lw Besinger DrCarpentersville, IL 60110
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$1,235 - $1,4501 to 2 Bedroom Apartments Available Now
Meadowdale Apartments
101 Meadowdale CtCarpentersville, IL 60110
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2 Bedroom Apartments
52-60 Elm St
52-60 Elm StCarpentersville, IL 60110
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.
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2 to 3 Bedroom Apartments
Fox View I, II
27 Oxford DrCarpentersville, IL 60110
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Waterford of Algonquin, Algonquin, IL Local Guide
Illinois Prairie by Kevin is licensed under CC BY 2.0
How much does it cost to rent an apartment in Waterford of Algonquin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waterford of Algonquin 1 Bedroom Apartments | $1,415 | $1,235 | $1,540 |
| Waterford of Algonquin 2 Bedroom Apartments | $1,623 | $1,450 | $1,700 |
| Waterford of Algonquin 3 Bedroom Apartments | $18,171 | $10,000 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 7 rentals with your search options within a 3 mile radius of the Waterford of Algonquin Neighborhood of Algonquin, IL.
See all Apartments in AlgonquinExplore Algonquin
Waterford of Algonquin, Algonquin, IL Local Guide
- Nearby Algonquin neighborhoods
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Cheapest Available Waterford of Algonquin Apartments for Rent
The cheapest available apartment rental in the Waterford of Algonquin area of Algonquin, IL is a 1 Bed unit found at 200 S Lincoln priced from $1,400. Meadowdale Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,450. Here are the most affordable Waterford of Algonquin apartments for rent in Algonquin, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 200 S Lincoln | 1BD/1BA | 1BR,1BA | $1,400 |
| Meadowdale Apartments | 2 Bedroom 1 Bath 810 sq ft | 2BR,1BA | $1,450 |
| Eden Prairie Apartments | 2 Bed 1 Bath B Renovated Level 2 | 2BR,1BA | $1,660 |
Best Value Apartments for Rent in Waterford of Algonquin, IL
As of April 15, 2026 the best value apartment in the Waterford of Algonquin area is the $2.02 price per square foot 2 Bed 1 Bath A Renovated Level 2 Model at Eden Prairie Apartments in the in the Waterford of Algonquin neighborhood starting from $1,700. The second greatest value Waterford of Algonquin apartment is the 2 Bedroom 1 Bath 810 sq ft Model at Meadowdale Apartments starting at $1,450 with a $1.79 price per square foot in the Waterford of Algonquin neighborhood. Here is today’s list of the best values for Waterford of Algonquin apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Eden Prairie Apartments | 2 Bed 1 Bath A Renovated Level 2 | 2BR,1BA | $2.02 |
| Meadowdale Apartments | 2 Bedroom 1 Bath 810 sq ft | 2BR,1BA | $1.79 |
| 200 S Lincoln | 1BD/1BA | 1BR,1BA | $2.15 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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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.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick 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.
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Best Local Schools in Waterford Of Algonquin, Algonquin, IL
Algonquin Lakes Elementary School
Community Unit School District 300
Public School - Grades K-5 (412)
6 out of 10
Dundee-Crown High School
Community Unit School District 300
Public School - Grades 9-12 (2636)
5 out of 10
Algonquin Middle School
Community Unit School District 300
Public School - Grades 6-8 (399)
6 out of 10
School data provided by Great Schools
Frequently Asked Questions about Cheap Waterford of Algonquin Apartments
What is the lowest price for a Cheap Two Bedroom Waterford of Algonquin Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Waterford of Algonquin is starting from $1,450 at Meadowdale Apartments.
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
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
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.
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.
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.