Cheap Apartments for Rent in McHenry, IL from $500 (25 Rentals)

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

property at 1813 W Edward Ct

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500
Total Monthly Price
$1,500

5 Bedroom, 5 Bath Home for Rent

Available Now

1813 W Edward Ct

McHenryIL60051

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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Southgate Apartments
1 to 2 Bedroom Apartments

Southgate Apartments

4108 W Lillian 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.

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Riverside Apartments
Studio to 1 Bedroom Apartments

Riverside Apartments

3308-3309 W Elm StMcHenry, IL 60050
  • Utilities Included
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Concord Manor
2 Bedroom Apartments

Concord Manor

3605 James StMcHenry, IL 60050
  • Utilities Included

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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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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property at 858 Clay St

$1,600

2 Bedroom Rentals

Available Now

858 Clay St

WoodstockIL60098
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McHenry, IL Local Guide

Cheapest Neighborhoods for Apartments in McHenry, IL

Pricing Updated: 05/28/2026

Current apartment rentals in the McHenry, IL area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for McHenry Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Liberty Square$1,664$5762
Morgan Hill Mews$2,235$5765
The Oaks at Irish Praire$9,430$1,2543
Lincoln Hills$30,368$5769

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 1 Bed apartment currently listed from $1,554. 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 RiverEllory Terrace1BR,1BA$1,554
Tuckaway Townhomes2 Bedroom Townhome2BR,2BA$1,562
River PlaceResidence #5, 6, 7 and 8 (Plus Den)1BR,2BA$2,000

Best Value Apartments for Rent in McHenry, IL

As of May 28, 2026 the best value apartment in the McHenry area is the $1.82 price per square foot Residence #5, 6, 7 and 8 (Plus Den) Model at River Place in the in the Lincoln Hills neighborhood starting from $2,000. The second greatest value McHenry apartment is the 2 Bedroom Townhome Model at Tuckaway Townhomes starting at $1,562 with a $1.70 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.
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 RiverEllory Terrace1BR,1BA$2.39

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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Real 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.

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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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Best Local Schools in
Mchenry, IL

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
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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 $1,554, while the average apartment in McHenry costs $10,924.

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 A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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.