Apartments for Rent in Algonquin, IL

Prices and availability in Algonquin, IL were last updated on 30 Oct 2026.

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

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

The price range for a 2-bedroom apartment in Algonquin, IL is between $2,455 and $2,750.

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 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.