Apartments for Rent in Algonquin, IL

Prices and availability in Algonquin, IL were last updated on 18 May 2026.

The best apartment in Algonquin, IL is: Riverwalk on Main.

The average rent in Algonquin, IL is $2,079.

In Algonquin 12% of the housing is rented out compared to 88% of homes are owned, according to the most recent Census Bureau estimates. 24% of Algonquin's apartments are found in large buildings of 50 units or more, 58% are located in smaller apartment complexes with less than 50 units, and 18% are single-family rentals.

The average age of rental buildings in Algonquin is 12 years old, with all being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 3 stories, of which all are garden-style apartment communities, none are mid-sized buildings, and none are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

Rental apartments in Algonquin come in a range of sizes and floorplans. Studio apartments represent 0% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 54% of the total apartments in the city, while 2-bedroom floorplans represent around 46% of all rentals in Algonquin. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.