Apartments for Rent in Algonquin, IL

Prices and availability in Algonquin, IL were last updated on 8 Jun 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 age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Algonquin are about 12 years old, on average. Of these, all have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 3 stories. About all of the rental communities here are low-rise, garden-style communities, none are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

Studio apartments in Algonquin are around 0% of rentals, while 1-bedroom floor plans represent 54% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 46% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.