
Cheap Apartments for Rent in McHenry, IL from $500 (26 Rentals)
Search the lowest-cost Apartments available for rent right now in McHenry.


101 S Lily Lake Rd

Garden Quarter Apartments

Total Monthly Price
4408 W Shamrock Ln, Unit 2D

913-913 3rd St

The Residences of Fox Meadows
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.

The Blake at Fox River

902 3rd St

3705 James St, Unit 2F

902 3rd St

Total Monthly Price
3607 Waukegan Rd, Unit A

3607 Waukegan Rd
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.

Southgate Apartments

4312 W Shamrock Ln

Riverside Apartments

Fawn Ridge Apartments

The Greens Of Irish Prairie

3929 Main St
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.

Concord Manor

James Street Properties LLC

Taylor Place

3607 Waukegan Rd

813 Rand Rd, Unit 1

330 Leah Ln
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.

Berkshire Johnsburg Senior Community 55+

3004 Michael St
McHenry, IL Local Guide

How much does it cost to rent an apartment in McHenry?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| McHenry Studio Apartments | $1,489 | $1,413 | $1,536 |
| McHenry 1 Bedroom Apartments | $1,454 | $576 | $2,000 |
| McHenry 2 Bedroom Apartments | $1,839 | $1,325 | $2,250 |
| McHenry 3 Bedroom Apartments | $2,687 | $1,950 | $4,935 |
Browse Top Apartments in McHenry
See all Apartments in McHenryExplore McHenry
McHenry, IL Local Guide
- McHenry Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in McHenry, IL
Pricing Updated: 07/12/2026Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Liberty Square | $1,688 | $576 | 6 |
| The Oaks at Irish Praire | $1,981 | $1,254 | 4 |
| Lincoln Hills | $2,185 | $576 | 18 |
| Morgan Hill Mews | $2,185 | $576 | 14 |
Cheapest Available McHenry Apartments for Rent
 The cheapest available apartment rental in McHenry, IL is a 1 Bed unit found at McHenry Commons in the Lincoln Hills neighborhood priced from $576. Fawn Ridge Apartments in the Lincoln Hills neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,220. Here is today’s list of the most affordable McHenry apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| McHenry Commons | Sugar Maple - 30% AMI | 1BR,1BA | $576 |
| Fawn Ridge Apartments | Valley View | 1BR,1BA | $1,220 |
| Concord Manor | 2 Bedrooms, 1 Bathroom | 2BR,1BA | $1,425 |
| The Blake at Fox River | Ellory | 1BR,1BA | $1,500 |
| Tuckaway Townhomes | 2 Bedroom Townhome | 2BR,2BA | $1,900 |
| River Place | Residence #5, 6, 7 and 8 (Plus Den) | 1BR,2BA | $2,000 |
Best Value Apartments for Rent in McHenry, IL
As of July 12, 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 $1,900 with a $2.06 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| River Place | Residence #5, 6, 7 and 8 (Plus Den) | 1BR,2BA | $1.82 |
| Tuckaway Townhomes | 2 Bedroom Townhome | 2BR,2BA | $2.06 |
| McHenry Commons | Sugar Maple - 60% AMI | 1BR,1BA | $1.70 |
| Concord Manor | 2 Bedrooms, 1 Bathroom | 2BR,1BA | $2.07 |
| Fawn Ridge Apartments | Valley View | 1BR,1BA | $1.81 |
| The Blake at Fox River | Ellory | 1BR,1BA | $2.25 |
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 Mchenry, IL
McHenry High School-West Campus
Parkland School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Mchenry, IL Rentals by Map
See the most popular apartments and homes in Mchenry, IL
Frequently Asked Questions about Cheap McHenry Apartments
What is the price of a cheap apartment in McHenry?
The cheapest apartment in McHenry is McHenry Commons which is listed at $576, while the average apartment in McHenry costs $2,009.
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 17 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

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.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.