
Cheap Apartments for Rent in Algonquin, IL from $700 (18 Rentals)
Search the lowest-cost Apartments available for rent right now in Algonquin.


Darlington Court Apartments

Meadowdale Apartments

Hunter Ridge Apartments

Elgin Tower Lofts

Eden Prairie Apartments

Residence of Fairway Greens

Blackhawk Apartment Homes

The Church Street Apartments

Woodcreek

Wing Park Residence

Oakbrook Estates- Senior 55+ Community

The Residences of Lake in the Hills Senior 55

231 Uteg St

621 S Virginia Rd

929 Silverstone Dr
Algonquin, IL Local Guide

How much does it cost to rent an apartment in Algonquin?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Algonquin Studio Apartments | $1,645 | $1,155 | $1,912 |
Algonquin 1 Bedroom Apartments | $1,821 | $826 | $3,720 |
Algonquin 2 Bedroom Apartments | $2,359 | $967 | $5,349 |
Algonquin 3 Bedroom Apartments | $2,672 | $1,500 | $3,892 |
Algonquin 4 Bedroom Apartments | $3,992 | $3,730 | $4,460 |
Browse Top Apartments in Algonquin
See all Apartments in AlgonquinExplore Algonquin
Algonquin, IL Local Guide
- Algonquin Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Algonquin, IL
Pricing Updated: 03/21/2025Current apartment rentals in the Algonquin, IL area range in price from $1,050 to $5,349 with an overall median price of $3,372. The three Algonquin neighborhoods with the lowest median rent pricing are Waterford of Algonquin at $1,185, Alta Vista at $1,185, and Arrowhead at $1,315. Here is today’s list of the top 8 neighborhoods with the lowest median pricing for Algonquin Apartments for rent:
Neighborhood | Median Price | Min Price | Available Units |
---|---|---|---|
Waterford of Algonquin | $2,399 | $1,185 | 885 |
Alta Vista | $2,527 | $1,185 | 2556 |
Arrowhead | $2,600 | $1,315 | 3048 |
Creek's Crossing | $3,890 | $1,185 | 1034 |
Gaslight Terrace North | $3,890 | $1,185 | 2866 |
Grand Reserve | $3,890 | $1,334 | 2570 |
Square Barn Road School Campus | $3,890 | $1,050 | 379 |
Willoughby Farms | $3,890 | $1,185 | 1065 |
Cheapest Available Algonquin Apartments for Rent and Nearby
 The cheapest available apartment rental in Algonquin, IL is a 1 Bed unit found at Eden Prairie Apartments in the Beacon Pointe neighborhood priced from $1,315. Blackhawk Apartment Homes in the Beacon Pointe neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,350. Here is today’s list of the most affordable Algonquin apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Eden Prairie Apartments | 1 Bed 1 Bath Ground Level | 1BR,1BA | $1,315 |
Blackhawk Apartment Homes | One Bedroom - 598 sqft | 1BR,1BA | $1,350 |
39 Surrey Dr | 869 Jefferson | 2BR,1BA | $1,400 |
The Church Street Apartments | 1 Bedroom | 1BR,1BA | $1,400 |
311 Barrington Ave Lofts | 1 Bed Room | 1BR,1BA | $1,550 |
Best Value Apartments for Rent in Algonquin, IL and Nearby
As of March 21, 2025 the best value apartment in the Algonquin area is the $1.05 price per square foot 630 Regal Ln Model at 630 Regal Ln in the in the Park Place neighborhood starting from $3,460. The second greatest value Algonquin apartment is the 1401 S Parkview Terrace Model at 1401 S Parkview Terrace starting at $3,299 with a $1.43 price per square foot in the Park Place neighborhood. Here is today’s list of the best values for Algonquin apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
630 Regal Ln | 630 Regal Ln | 4BR,3BA | $1.05 |
1401 S Parkview Terrace | 1401 S Parkview Terrace | 5BR,2BA | $1.43 |
10144 Ashley St | 10144 Ashley St | 4BR,2.5BA | $1.46 |
The Church Street Apartments | 1 Bedroom | 1BR,1BA | $1.00 |
1418 Grandview Ct | 1418 Grandview Ct | 2BR,2.5BA | $1.76 |
Oakbrook Estates- Senior 55+ Community | Champion Single Wide | 3BR,2BA | $1.42 |
Residence of Fairway Greens | CB121.5- Two Bedroom/One and Half Bath | 2BR,1.5BA | $1.84 |
Randall Village | The Renoir | 2BR,2BA | $1.75 |
311 Barrington Ave Lofts | 1 Bed Room | 1BR,1BA | $1.75 |
39 Surrey Dr | 869 Jefferson | 2BR,1BA | $1.65 |
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.
Best Local Schools in Algonquin, IL
Eastview Elementary School
Harry D Jacobs High School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Algonquin, IL Rentals by Map
See the most popular apartments and homes in Algonquin, IL
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
What is the Cheapest Studio apartment in Algonquin?
Currently the most affordable Cheap Studio Apartment in Algonquin is at Springs at Three Oaks listed at $1,620.
How much is rent for a Cheap One Bedroom Algonquin Apartment?
The lowest price for a Cheap One Bedroom Algonquin Apartment is $1,315 at Eden Prairie Apartments.
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 $1,400 at 39 Surrey Dr.
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.

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.

What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.