Cheap Apartments for Rent in Algonquin, IL from $700 (16 Rentals)

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200 S Lincoln
1 Bedroom Apartments

200 S Lincoln

200 S Lincoln AveCarpentersville, IL 60110
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Algonquin, IL Local Guide

Cheapest Neighborhoods for Apartments in Algonquin, IL

Pricing Updated: 04/28/2025

Current apartment rentals in the Algonquin, IL area range in price from $1,185 to $5,216 with an overall median price of $3,502. The three Algonquin neighborhoods with the lowest median rent pricing are Alta Vista at $1,185, Arrowhead at $1,480, and Waterford of Algonquin at $1,185. Here is today’s list of the top 8 neighborhoods with the lowest median pricing for Algonquin Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Alta Vista$3,029$1,18533
Arrowhead$3,029$1,48048
Waterford of Algonquin$3,029$1,18523
Grand Reserve$3,765$1,53832
Square Barn Road School Campus$3,765$1,40017
Creek's Crossing$3,800$1,18524
Gaslight Terrace North$3,800$1,18538
Willoughby Farms$3,800$1,18525

Cheapest Available Algonquin Apartments for Rent and Nearby

 

The cheapest available apartment rental in Algonquin, IL is a Studio unit found at 39 Surrey Dr in the West Ridge Village neighborhood priced from $1,175. Blackhawk Apartment Homes in the Beacon Pointe neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,305. Here is today’s list of the most affordable Algonquin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
39 Surrey Dr39 SurreyStudio,1BA$1,175
Blackhawk Apartment HomesOne Bedroom - 598 sqft1BR,1BA$1,305
The Church Street Apartments1 Bedroom1BR,1BA$1,400
The Cornell Luxury ApartmentsStudio1BR,1BA$1,400
Eden Prairie Apartments2 Bed 1 Bath B2BR,1BA$1,505

Best Value Apartments for Rent in Algonquin, IL and Nearby

As of April 28, 2025 the best value apartment in the Algonquin area is the $1.73 price per square foot CampEnd (TH) Model at Conservancy at Gilberts in the in the Square Barn Road School Campus neighborhood starting from $2,980. The second greatest value Algonquin apartment is the C2- Upper Model at 1900 at Canterfield Apartment Homes starting at $2,519 with a $1.76 price per square foot in the Sandy Creek Estates neighborhood. Here is today’s list of the best values for Algonquin apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Conservancy at GilbertsCampEnd (TH)3BR,2.5BA$1.73
1900 at Canterfield Apartment HomesC2- Upper3BR,2BA$1.76
Redwood Crystal LakeWillowood2BR,2BA$1.74
The Church Street Apartments2 Bedroom2BR,2BA$1.49
Oakbrook Estates- Senior 55+ CommunityChampion Single Wide3BR,2BA$1.42
Residence of Fairway GreensCB121.5 Two bedroom/one and half bath2BR,1.5BA$1.90
Eden Prairie Apartments2 Bed 1 Bath B Renovated2BR,1BA$1.86
311 Barrington Ave Lofts1 Bed Room1BR,1BA$1.75
Randall VillageThe Chagall1BR,1BA$2.01
39 Surrey Dr39 SurreyStudio ,1BA$1.88

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Best Local Schools in
Algonquin, IL

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Getting Around Algonquin, IL

Walk Score®

49 / 100

Car-Dependent

Most errands require a car

Bike Score®

56 / 100

Bikeable

Some bike infrastructure

Transit Score®

1 / 100

Minimal Transit

It may be possible to get on a bus

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Algonquin Apartments

How much is rent for a Cheap One Bedroom Algonquin Apartment?

The lowest price for a Cheap One Bedroom Algonquin Apartment is $1,305 at Blackhawk Apartment Homes.

What is the lowest price for a Cheap Two Bedroom Algonquin Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Algonquin is starting from $1,505 at Eden Prairie Apartments.

What is the most affordable Algonquin Three Bedroom Apartment?

The best deal on a cheap Algonquin Three Bedroom Apartment rental is at Oakbrook Estates- Senior 55+ Community and starts from $1,700.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.