Apartments for Rent in Algonquin, IL

Prices and availability in Algonquin, IL were last updated on 8 Aug 2026.

The best apartments in Algonquin, IL are: Riverwalk on Main and 651 Alpine Drive.

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

The price range for a 1-bedroom apartment in Algonquin, IL is between $2,250 and $2,300.

The price range for a 2-bedroom apartment in Algonquin, IL is between $2,450 and $2,475.

In Algonquin, 12% of the residents are renting compared to 88% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 24% of Algonquin's rentals, 58% are small-scale complexes with under 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.