
Cheap Homes for Rent in Waterford of Algonquin Neighborhood of Algonquin, IL from $900 (13 Rentals)
Search the lowest-cost Homes available for rent right now in the Waterford of Algonquin area of Algonquin.


2219 Silverstone Dr

1330 Cunat Ct, Unit 1F

5 Arrowhead Dr

1025 Rosewood Dr

1372 Cunat Ct
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.

1371 Cunat Ct

1332 Cunat Ct

23 Sparrow Rd

2427 Silverstone Dr

2427 Silverstone Dr

2125 Silverstone 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.

1384 Cunat Ct
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 | $1,928 | $1,550 | $2,500 |
| Waterford of Algonquin 3 Bedroom Homes for Rent | $2,545 | $1,950 | $3,200 |
| Waterford of Algonquin 4 Bedroom Homes for Rent | $2,932 | $1,915 | $3,950 |
| Waterford of Algonquin 5 Bedroom Homes for Rent | $5,400 | $5,400 | $5,400 |
| Waterford of Algonquin 6 Bedroom Homes for Rent | $4,500 | $4,500 | $4,500 |
Browse Homes for Rent in this Neighborhood
There are currently 13 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
 | Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 200 S Lincoln | 1BD/1BA | 1BR,1BA | $1,400 |
| Eden Prairie Apartments | 1 Bed 1 Bath Renovated Ground Level | 1BR,1BA | $1,495 |
Best Value Apartments for Rent in Waterford of Algonquin, IL
As of February 01, 2026 the best value apartment in the Waterford of Algonquin area is the $2.19 price per square foot 1 Bed 1 Bath Renovated Ground Level Model at Eden Prairie Apartments in the in the Waterford of Algonquin neighborhood starting from $1,495. The second greatest value Waterford of Algonquin apartment is the 1BD/1BA Model at 200 S Lincoln starting at $1,400 with a $2.15 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 | 1 Bed 1 Bath Renovated Ground Level | 1BR,1BA | $2.19 |
| 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 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.
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 22 Apartments for Rent in Waterford of Algonquin, IL with pricing that ranges from $1,235 to $32,376. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterford of Algonquin ranging from $999 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 $999 to $5,400 with an average monthly rent of $3,121.
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

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.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.