Cheap Homes for Rent in Algonquin, IL from $1,200 (9 Rentals)

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Algonquin, IL Local Guide

Cheapest Neighborhoods for Apartments in Algonquin, IL

Pricing Updated: 04/07/2025

Current apartment rentals in the Algonquin, IL area range in price from $1,300 to $4,100 with an overall median price of $2,653. The three Algonquin neighborhoods with the lowest median rent pricing are Waterford of Algonquin at $1,300, Creek's Crossing at $1,405, and Willoughby Farms at $1,300. Here is today’s list of the top 9 neighborhoods with the lowest median pricing for Algonquin Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Waterford of Algonquin$2,295$1,30013
Creek's Crossing$2,395$1,40516
Willoughby Farms$2,395$1,30012
Grand Reserve$2,450$1,30014
Square Barn Road School Campus$2,550$1,90016
High Hill Farms$2,700$1,9002
Alta Vista$3,000$1,30019
Gaslight Terrace North$3,000$1,30020
Arrowhead$3,100$1,30020

Cheapest Available Algonquin Apartments for Rent and Nearby

 

The cheapest available apartment rental in Algonquin, IL is a 1 Bed unit found at Blackhawk Apartment Homes in the Beacon Pointe neighborhood priced from $1,340. Meadowdale Apartments in the Waterford of Algonquin neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,400. Here is today’s list of the most affordable Algonquin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Blackhawk Apartment HomesOne Bedroom - 598 sqft1BR,1BA$1,340
Meadowdale Apartments2 Bedroom 1 Bath 810 sq ft2BR,1BA$1,400
The Church Street Apartments1 Bedroom1BR,1BA$1,400

Best Value Apartments for Rent in Algonquin, IL and Nearby

As of April 07, 2025 the best value apartment in the Algonquin area is the $1.80 price per square foot Milan (SFR) Model at Conservancy at Gilberts in the in the Square Barn Road School Campus neighborhood starting from $3,800. The second greatest value Algonquin apartment is the Willowood Model at Redwood Crystal Lake starting at $2,399 with a $1.74 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.
Conservancy at GilbertsMilan (SFR)4BR,2.5BA$1.80
Redwood Crystal LakeWillowood2BR,2BA$1.74
The Church Street Apartments2 Bedroom2BR,2BA$1.49
Oakbrook Estates- Senior 55+ CommunityChampion Single Wide3BR,2BA$1.42
Skyridge Club ApartmentsPinnacle II2BR,2BA$1.73
1900 at Canterfield Apartment Homes2x2 B2GU - Lower2BR,2BA$2.08
Residence of Fairway GreensCB121.5 Two Bedroom/one and half bath2BR,1.5BA$1.84
311 Barrington Ave Lofts1 Bed Room1BR,1BA$1.75
Blackhawk Apartment HomesTwo Bedroom - 817 sqft2BR,1BA$2.01
Meadowdale Apartments2 Bedroom 1 Bath 810 sq ft2BR,1BA$1.73

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Frequently Asked Questions about Algonquin

What type of rentals are currently available in Algonquin?

There are currently 59 Apartments for Rent in Algonquin, IL with pricing that ranges from $826 to $5,365. There are also 55 Single Family Homes for rent, Condos, and Townhome rentals currently available in Algonquin ranging from $1,250 to $4,000.

What is the current price range for Rental Homes in Algonquin?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Algonquin ranges from $1,250 to $4,000 with an average monthly rent of $2,319.

How much are larger Three and Four Bedroom Rentals in Algonquin?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Algonquin range from $1,500 to $3,631, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,690 to $4,000. Four Bedroom Single-Family rentals are also available starting from $3,000 and Four Bedroom Apartments start at $3,185.

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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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.

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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.