Apartments for Rent in Algonquin, IL

Prices and availability in Algonquin, IL were last updated on 24 May 2026.

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

The average rent in Algonquin, IL is $2,113.

The price range for a 2-bedroom apartment in Algonquin, IL is between $2,670 and $3,500.

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 10 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.

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.