3

Algonquin, IL Condos for Rent

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  • /20

    $2,890 Per Month

    • 1 Bed
    • 1 Bath
    • 725 Sq Ft
    • Condo for Rent

    300 State St, Lake in the Hills, IL 60102

    Property Id: 1184348Heart of downtown 1 bed 1 bath condo is located in Marina City on the State street on the river. It is just renovated completed with new kitchen and bathroom and fresh painted living room and bedroom. Brand new unit with brand new stainless appliances. Brand new washer and dryer are in the unit as well. New unit that you will love it every corner and details. You will

    (224) 249-6034

    300 State St, Lake in the Hills, IL 60102
  • /8

    $1,650

    Total Monthly Price

    • 1 Bed
    • 1 Bath
    • 1,785 Sq Ft
    • Condo for Rent

    1330 Braewood Dr Unit 1, Algonquin, IL 60102

    Must love wildlife and quiet living. Lower level lake views. Open great room , huge kitchen , new bathroom. great storage. Shared utilities Credit and Background check paid by prospective tenant. NO prior evictions. No smoking or vaping. owner is a licensed agent

    1330 Braewood Dr Unit 1, Algonquin, IL 60102
  • /8

    $1,550 Per Month

    • 2 Beds
    • 1 Bath
    • 700 Sq Ft
    • Condo for Rent

    10 Arrowhead Dr Unit 2, Algonquin, IL 60102

    Nice and clean unit on 2nd level with 2 bedrooms and 1 bath. Upgraded and well maintained. Fresh painted with the white kitchen cabinets and stainless steel appliances, granite countertops. No security deposit. Move in fee $500 non refundable. Must see !!!

    Agnes Zak Coldwell Banker Real Estate Group

    10 Arrowhead Dr Unit 2, Algonquin, IL 60102

Frequently Asked Questions

How much does it cost to rent a condo in Algonquin, IL?
The median rent for a condo in Algonquin, IL is $2,100 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Algonquin, IL?
To comfortably afford the median rent in Algonquin, IL, a household needs to earn roughly $99,960 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,499 per month in Algonquin, IL, renters typically need to show $7,497 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Algonquin, IL?
In Algonquin, IL, the price-to-rent ratio is 16.0, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends in Algonquin, IL

Rental Home Trends

Number of Condos for Rent
3
Median Condo Rent
$2,100
Median 2 Bedroom Condo Rent
$2,100
How to Rent a Home