Cheap Apartments for Rent in Algonquin, IL from $700 (17 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: 03/24/2025

Current apartment rentals in the Algonquin, IL area range in price from $1,050 to $5,349 with an overall median price of $3,383. 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:

NeighborhoodMedian PriceMin PriceAvailable Units
Waterford of Algonquin$2,450$1,185910
Alta Vista$2,565$1,1852491
Arrowhead$2,600$1,3152982
Creek's Crossing$3,890$1,1851059
Gaslight Terrace North$3,890$1,1852801
Grand Reserve$3,890$1,3342505
Square Barn Road School Campus$3,890$1,050411
Willoughby Farms$3,890$1,1851090

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 ListingModel NameBed/BathPriced From
Eden Prairie Apartments1 Bed 1 Bath Ground Level1BR,1BA$1,315
Blackhawk Apartment HomesOne Bedroom - 598 sqft1BR,1BA$1,350
39 Surrey Dr869 Jefferson2BR,1BA$1,400
The Church Street Apartments1 Bedroom1BR,1BA$1,400
311 Barrington Ave Lofts1 Bed Room1BR,1BA$1,550

Best Value Apartments for Rent in Algonquin, IL and Nearby

As of March 24, 2025 the best value apartment in the Algonquin area is the $1.00 price per square foot 1 Bedroom Model at The Church Street Apartments in the in the Park Place neighborhood starting from $1,400. The second greatest value Algonquin apartment is the Meadowood Model at Redwood Crystal Lake starting at $2,449 with a $1.85 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 ListingModel NameBed/BathPrice Per Sq.Ft.
The Church Street Apartments1 Bedroom1BR,1BA$1.00
Redwood Crystal LakeMeadowood2BR,2BA$1.85
Enclave Crystal Lake Townhomes and ApartmentsB22BR,2BA$2.15
Oakbrook Estates- Senior 55+ CommunityChampion Single Wide3BR,2BA$1.42
1900 at Canterfield Apartment HomesB2- Lower2BR,2BA$2.05
Residence of Fairway GreensCB121.5- Two Bedroom/One and Half Bath2BR,1.5BA$1.84
Randall VillageThe Renoir2BR,2BA$1.75
311 Barrington Ave Lofts1 Bed Room1BR,1BA$1.75
39 Surrey Dr869 Jefferson2BR,1BA$1.65
Eden Prairie Apartments1 Bed 1 Bath Renovated1BR,1BA$2.12

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Best Local Schools in
Algonquin, IL

School data provided by Great Schools

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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

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.

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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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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.

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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.

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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.