
Cheap Homes for Rent in the Waterford of Algonquin Neighborhood of Algonquin, IL from $1,300 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Waterford of Algonquin area of Algonquin.


10 Arrowhead Dr
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

1334 Cunat Ct

2612 Helm Rd
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

316 Amarillo Dr
Waterford of Algonquin, Algonquin, IL Local Guide

How much does it cost to rent a home in Waterford of Algonquin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waterford of Algonquin 2 Bedroom Homes for Rent | $1,900 | $1,750 | $2,050 |
| Waterford of Algonquin 3 Bedroom Homes for Rent | $2,603 | $1,945 | $3,600 |
| Waterford of Algonquin 4 Bedroom Homes for Rent | $2,650 | $2,650 | $2,650 |
| Waterford of Algonquin 5 Bedroom Homes for Rent | $5,400 | $5,400 | $5,400 |
Browse Homes for Rent in this Neighborhood
There are currently 5 rentals with your search options within a 3 mile radius of the Waterford of Algonquin Neighborhood of Algonquin, IL.
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Waterford of Algonquin, Algonquin, IL Local Guide
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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 Meadowdale Apartments priced from $1,235. 200 S Lincoln has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,400. Here are the most affordable Waterford of Algonquin apartments for rent in Algonquin, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Meadowdale Apartments | 1 Bedroom - 1 Bath 667 sq ft | 1BR,1BA | $1,235 |
| 200 S Lincoln | 1BD/1BA | 1BR,1BA | $1,400 |
| Eden Prairie Apartments | 1 Bed 1 Bath Ground Level | 1BR,1BA | $1,450 |
Best Value Apartments for Rent in Waterford of Algonquin, IL
As of August 02, 2026 the best value apartment in the Waterford of Algonquin area is the $0.94 price per square foot 1330 Braewood Dr Model at 1330 Braewood Dr, Unit 1 in the in the Waterford of Algonquin neighborhood starting from $1,690. The second greatest value Waterford of Algonquin apartment is the 1 Bed 1 Bath Ground Level Model at Eden Prairie Apartments starting at $1,450 with a $2.12 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. |
|---|---|---|---|
| 1330 Braewood Dr, Unit 1 | 1330 Braewood Dr | 1BR,1BA | $0.94 |
| Eden Prairie Apartments | 1 Bed 1 Bath Ground Level | 1BR,1BA | $2.12 |
| Meadowdale Apartments | 1 Bedroom - 1 Bath 667 sq ft | 1BR,1BA | $1.85 |
| 200 S Lincoln | 1BD/1BA | 1BR,1BA | $2.15 |
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 ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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.
Best Local Schools in Waterford Of Algonquin, Algonquin, IL
Algonquin Lakes Elementary School
Dundee-Crown High School
Algonquin Middle School
School data provided by Great Schools
Frequently Asked Questions about Waterford of Algonquin
What type of rentals are currently available in Waterford of Algonquin?
There are currently 23 Apartments for Rent in Waterford of Algonquin, IL with pricing that ranges from $1,235 to $2,725. There are also 17 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterford of Algonquin ranging from $1,350 to $5,400.
What is the current price range for Rental Homes in Waterford of Algonquin?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Waterford of Algonquin ranges from $1,350 to $5,400 with an average monthly rent of $2,696.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.