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Algonquin, IL Homes for Rent

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  • /135

    Starting at $2,400 Per Month

    • 1 - 2 Beds

    1 N Main St, Algonquin, IL 60102

    1 N. Main Street is where all of Algonquins excitement begins. Surrounding our luxury community are lush parks, scenic rivers, and legendary local establishments. Find the space for you with our expansive one and two-bedroom floor plans, ranging from 920 to 1,820 square feet. Call Riverwalk on Main homeapply today!

    Riverwalk on Main

    1 N Main St, Algonquin, IL 60102
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    Starting at $1,879

    Total Monthly Price

    • Studio - 3 Beds

    400 N Randall Rd, West Dundee, IL 60118

    Discover the ease of everyday living at Reserve Randall Road in West Dundee, IL. These studio, one-, two-, and three-bedroom apartment homes offer stylish touches like quartz countertops, stainless steel appliances, and vinyl plank flooring, with large closets and an in-home washer and dryer for added convenience. Whether you're relaxing in your soaking tub, grilling out with friends, or enjoying

    Reserve Randall Road

    400 N Randall Rd, West Dundee, IL 60118
  • /20

    Starting at $1,832 Per Month

    • 1 - 2 Beds

    2400 Millbrook Dr, Algonquin, IL 60102

    Come home to Algonquin Square! Our pet friendly community offers a state of the art resident clubhouse featuring a community kitchen, health and fitness center, and outdoor heated pool. Quality interior finishes include sleek granite countertops, resilient wood plank flooring, and warm neutrals. Plus, our one, two and two bedroom with den apartment homes offer a full size washer and dryer and a

    Algonquin Square Apartment Homes

    2400 Millbrook Dr, Algonquin, IL 60102
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    $1,500 Per Month

    • 1 Bed
    • 1 Bath
    • Townhouse for Rent

    22 Waterfront Ct, Algonquin, IL 60102

    Property Id: 2724827Brand NEW townhome everything inside is NEW. Carpet, fresh paint, new ceiling fans, bathroom 100% renovated. Open to use kitchen that is updated with new stainless-steel appliances and totally remodeled kitchen, dining and living room.

    22 Waterfront Ct, Algonquin, IL 60102
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    $3,229 Per Month

    • 5 Beds
    • 3 Baths
    • 2,380 Sq Ft
    • House for Rent

    1451 Richmond Ln, Algonquin, IL 60102

    Coming soon - this home is currently being enjoyed by another resident but will be available soon. This home is professionally managed by Tricon, dedicated to creating exceptional rental experiences. Featuring 5 bedrooms, 3.0 bathrooms, and approximately 2,380 square feet, this well-maintained home offers a high standard of rental living, supported by a team that puts residents first. As a

    1451 Richmond Ln, Algonquin, IL 60102
  • /19

    $2,810

    Total Monthly Price

    • 3 Beds
    • 2.5 Baths
    • 1,551 Sq Ft
    • House for Rent

    560 S Annandale Dr, Lake in the Hills, IL 60156

    Now offering 20-month leases. Sign today and lock in today’s low rate for the next 20 months! Offer valid for new applicants who sign a 20-month lease by July 31st, 2026. Base rent will remain at the 12-month lease rate for the duration of the 20-month term. Offer is contingent on application approval and execution of a lease agreement. Other terms and conditions may apply. This property is

    560 S Annandale Dr, Lake in the Hills, IL 60156
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    $1,700

    Total Monthly Price

    • 1 Bed
    • 1 Bath
    • 1,800 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
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    $2,495 Per Month

    • 3 Beds
    • 2.5 Baths
    • 1,610 Sq Ft
    • Townhouse for Rent

    Unlisted Address

    Conveniently Location near Algonquin Commons and all amenities that Randall Road corridor offers. This well maintain Townhome backs to an open area for you to enjoy the patio. Kitchen has 42" tall cabinets, and the adjacent Dining area leads to patio. All appliances included. This Amethyst model has 2nd floor laundry room. The Master bedroom has two closets and an attached bath. This end unit

    Nilesh Thakker Ample Realty Group

    Unlisted Address
  • /16

    $2,400 Per Month

    • 3 Beds
    • 2 Baths
    • 1,146 Sq Ft
    • House for Rent

    1212 Stratford Ln, Algonquin, IL 60102

    - Welcome to this charming 3-bedroom, 2-bathroom home located in Algonquin, IL.- This cozy house features a fenced yard, perfect for outdoor gatherings.- Step inside to find hardwood floors throughout, complemented by high/vaulted ceilings that create a spacious and airy feel.- The living room is ideal for relaxing or entertaining guests.- The kitchen boasts stainless steel

    1212 Stratford Ln, Algonquin, IL 60102
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    $1,350 Per Month

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

    10 Arrowhead Dr Unit 5, Algonquin, IL 60102

    Beautifully Remodeled 1 Bedroom, 1 Bath Condo-Style Apartment Just Minutes From Downtown Algonquin And The Fox River. This Move-In Ready Unit Features Fresh Paint, White Kitchen Cabinets, Granite Countertops, And Stainless Steel Appliances. Bright, Clean, And Well Maintained Throughout. Enjoy A Prime Location Near Historic Downtown Algonquin With Popular Dining Including Port Edward Restaurant,

    Jim Silva Five Star Realty, Inc

    10 Arrowhead Dr Unit 5, Algonquin, IL 60102
  • /7

    $2,400 Per Month

    • 2 Beds
    • 2 Baths
    • 1,879 Sq Ft
    • Townhouse for Rent

    Unlisted Address

    Beautiful Townhome with open floor plan. This conveniently located home is ready for move-in. Gorgeous huge Kitchen with tall cabinets and lots of storage. Expansive breakfast bar adjacent to dining area leading to a deck overlooking open space. Kitchen with stainless steel appliances, lots of counter space and Skylights. Great room with cozy fireplace and built in TV area wired for surround

    Nilesh Thakker Ample Realty Group

    Unlisted Address
  • /14

    $2,475 Per Month

    • 2 Beds
    • 2 Baths
    • 1,244 Sq Ft
    • Townhouse for Rent

    2963 Talaga Dr Unit 1, Algonquin, IL 60102

    Great Rental on Quiet Cul-de-Sac Location. Freshly Painted in Neutral Color this End Unit Ranch is Close to Convenient Randall Rd Shopping. Large 18x20 Deck overlooking nature area. Custom Window Treatments, Ceiling Fan, Upgraded 42" Cabinets & New flooring in Kitchen And brand new carpet throughout. Two Car Attached Gar. Credit Check required. No Pets.

    Jim Silva Five Star Realty, Inc

    2963 Talaga Dr Unit 1, Algonquin, IL 60102
  • /14

    $2,300 Per Month

    • 2 Beds
    • 2.5 Baths
    • 1,550 Sq Ft
    • Townhouse for Rent

    1991 Cobblestone Dr Unit 504, Carpentersville, IL 60110

    Rent the home of your dreams across from the park and on the water. This house has a 2 car garage, large backyard, 2 beds, 2.5 baths, washer/dryer, refrigerator and dishwasher included. This is a beautiful community that has a walking path around the lake. It is the perfect place to reside! Won't last long! August 1st, 2026 availability!! Please message us if you are interested or give us a call.

    Inis Cohen Cove Realty Inc

    1991 Cobblestone Dr Unit 504, Carpentersville, IL 60110

Why Live in Algonquin

Algonquin, IL, known as “The Gem of the Fox River Valley,” is a village northwest of downtown Chicago with a population of just under 30,000. Historically a retreat for Chicago residents, Algonquin has evolved while maintaining its small-town charm. The revitalized downtown area, referred to as Old Town, features locally owned shops and restaurants along the river, enhanced by recent investments in infrastructure and public amenities. The retail sector on Randall Road has expanded significantly, with shopping centers like Algonquin Commons and Algonquin Galleria Center offering various attractions. Housing in Algonquin is relatively affordable compared to nearby suburbs, with a median home price of $413,000 as of late 2024. The village hosts community events such as Algonquin Founders’ Days in July and Miracle on Main in December, fostering a strong sense of community. Parks like Riverfront Park and Cornish Park provide scenic views and recreational opportunities, while Towne Park is undergoing renovations to include new features like a bandshell. Public school students attend highly rated institutions, including Community Unit School District 300, Harry Jacobs High School, and Consolidated School District 158. Although public transportation within Algonquin is limited, the Pace bus line connects residents to the Crystal Lake Metra station for convenient access to downtown Chicago.

Frequently Asked Questions

How much does it cost to rent a home in Algonquin, IL?
The median rent for a home in Algonquin, IL is $2,424 per month, though prices vary by neighborhood, size, and property type. As of July 2026, townhouses tend to be the most affordable option while condos 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 $96,960 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 $2,424 per month in Algonquin, IL, renters typically need to show $7,272 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 16.3, 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.
What neighborhoods in Algonquin, IL are best for renting a home?
The best neighborhood for renting in Algonquin, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Far West Algonquin, Willow Lake Estates, Northeast Elgin, Cobblers Crossing and Far West Elgin, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
13
Median Rent
$2,424
Median Single Family Home Rent
$2,500
Median Townhouse Rent
$1,948
Median Condo Rent
$2,100
How to Rent a Home