Cheap Apartments for Rent in McHenry, IL from $500 (22 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in McHenry.

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.

property at 1813 W Edward Ct

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600

Total Monthly Price
$1,600

5 Bedroom, 5 Bath Home for Rent

Available Apr 15

1813 W Edward Ct

McHenryIL60051
close
View Me
Southgate Apartments
1 to 2 Bedroom Apartments

Southgate Apartments

4108 W Lillian StMcHenry, IL 60050
  • Utilities Included
close
View Me
Riverside Apartments
Studio to 1 Bedroom Apartments

Riverside Apartments

3308-3309 W Elm StMcHenry, IL 60050
  • Utilities Included

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.

close
View Me
Concord Manor
2 Bedroom Apartments

Concord Manor

3605 James StMcHenry, IL 60050
  • Utilities Included

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.

property at 858 Clay St

$1,675

2 Bedroom Rentals

Available Now

858 Clay St

WoodstockIL60098

McHenry, IL Local Guide

Cheapest Neighborhoods for Apartments in McHenry, IL

Pricing Updated: 04/12/2026

Current apartment rentals in the McHenry, IL area range in price from $588 to $5,264 with an overall median price of $2,126. The three McHenry neighborhoods with the lowest median rent pricing are Morgan Hill Mews at $588, Lincoln Hills at $588, and White Oak at $1,199. Here is today’s list of the top 5 neighborhoods with the lowest median pricing for McHenry Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Morgan Hill Mews$1,777$58812
Lincoln Hills$1,789$58815
White Oak$1,799$1,1996
The Oaks at Irish Praire$1,835$1,2614
Liberty Square$3,432$5885

Cheapest Available McHenry Apartments for Rent

 

The cheapest available apartment rental in McHenry, IL is a 2 Beds unit found at Concord Manor in the Lincoln Hills neighborhood priced from $1,425. The Blake at Fox River in the Lincoln Hills neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,460. Here is today’s list of the most affordable McHenry apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Concord Manor2 Bedrooms, 1 Bathroom2BR,1BA$1,425
The Blake at Fox RiverAlcottStudio,1BA$1,460
Tuckaway Townhomes2 Bedroom Townhome2BR,2BA$1,562
The Villas At Patriot EstatesTwo Bedroom/2.5 Bath2BR,2BA$1,972
River PlaceResidence #5, 6, 7 and 8 (Plus Den)1BR,2BA$2,000

Best Value Apartments for Rent in McHenry, IL

As of April 12, 2026 the best value apartment in the McHenry area is the $1.47 price per square foot One bedroom/long den Model at The Villas At Patriot Estates in the in the Lincoln Hills neighborhood starting from $1,972. The second greatest value McHenry apartment is the 1117 Rocky Beach Rd Model at 1117 Rocky Beach Rd, Unit A Coach House starting at $2,495 with a $2.00 price per square foot in the Lincoln Hills neighborhood. Here is today’s list of the best values for McHenry apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Villas At Patriot EstatesOne bedroom/long den1BR,2.5BA$1.47
1117 Rocky Beach Rd, Unit A Coach House1117 Rocky Beach Rd2BR,1.5BA$2.00
River PlaceResidence #5, 6, 7 and 8 (Plus Den)1BR,2BA$1.82
Tuckaway Townhomes2 Bedroom Townhome2BR,2BA$1.70
Concord Manor2 Bedrooms, 1 Bathroom2BR,1BA$2.07
The Blake at Fox RiverAlcottStudio ,1BA$2.35

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.

Read Article
Decorative image

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 Article
Decorative image

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.

Read Article
Decorative image

Cash 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 Article
Decorative image

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.

decorative image of people with a giant lease agreement

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Mchenry, IL Rentals by Map

View Map
Mchenry, IL Apartments Map
View Map
Mchenry, IL Rental Homes Map

Frequently Asked Questions about Cheap McHenry Apartments

What is the price of a cheap apartment in McHenry?

The cheapest apartment in McHenry is The Villas At Patriot Estates which is listed at $1,972, while the average apartment in McHenry costs $2,126.

What types of apartments are the cheapest in McHenry?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 2 regular apartments in McHenry that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.