Cheap Apartments for Rent in McHenry, IL from $1,100 (16 Rentals)

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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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Southgate Apartments
1 to 2 Bedroom Apartments

Southgate Apartments

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

Riverside Apartments

3308-3309 W Elm 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.

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Concord Manor
2 Bedroom Apartments

Concord Manor

3605 James StMcHenry, IL 60050
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

McHenry, IL Local Guide

Cheapest Neighborhoods for Apartments in McHenry, IL

Pricing Updated: 01/09/2026

Current apartment rentals in the McHenry, IL area range in price from $1,199 to $26,435 with an overall median price of $8,607. The three McHenry neighborhoods with the lowest median rent pricing are White Oak at $1,199, Morgan Hill Mews at $1,199, and Liberty Square 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
White Oak$1,701$1,1995
Morgan Hill Mews$2,000$1,19923
Liberty Square$2,040$1,1998
The Oaks at Irish Praire$10,861$1,26120
Lincoln Hills$26,435$1,19924

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. Fawn Ridge Apartments in the Lincoln Hills neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,469. 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
Fawn Ridge ApartmentsHillshire Plus2BR,1BA$1,469
The Blake at Fox RiverEllory Terrace1BR,1BA$1,490
Tuckaway Townhomes3 Bedroom Townhome3BR,2BA$1,801
The Villas At Patriot EstatesOne bedroom/long den1BR,2BA$1,915

Best Value Apartments for Rent in McHenry, IL

As of January 09, 2026 the best value apartment in the McHenry area is the $1.29 price per square foot 3 Bedroom Townhome Model at Tuckaway Townhomes in the in the Lincoln Hills neighborhood starting from $1,801. The second greatest value McHenry apartment is the 3603 Waukegan Rd Model at 3603 Waukegan Rd, Unit B starting at $2,000 with a $1.46 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.
Tuckaway Townhomes3 Bedroom Townhome3BR,2BA$1.29
3603 Waukegan Rd, Unit B3603 Waukegan Rd3BR,1BA$1.46
The Villas At Patriot EstatesOne bedroom/long den1BR,2.5BA$1.42
River PlaceResidence #5, 6, 7 and 8 (Plus Den)1BR,2BA$1.77
Fawn Ridge ApartmentsHillshire Plus2BR,1BA$1.69
Concord Manor2 Bedrooms, 1 Bathroom2BR,1BA$2.07
The Blake at Fox RiverEllory1BR,1BA$2.33
4314 W Shamrock Ln, Unit 3D4314 W Shamrock Ln1BR,1BA$3.21

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.

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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.

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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.

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

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Frequently Asked Questions about Cheap McHenry Apartments

What is the price of a cheap apartment in McHenry?

The cheapest apartment in McHenry is The Blake at Fox River which is listed at $1,490, while the average apartment in McHenry costs $8,607.

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 1 regular apartments in McHenry that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in McHenry?

Cheap apartments in McHenry have an average cost of $519 which is $8,088 cheaper than the average rent for all rentals in McHenry.

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

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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.

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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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!