Rentometer, Inc. | Data as of 10/22/2025
Algonquin, Illinois, offers a vibrant rental market that blends suburban charm with convenient access to the Chicago metropolitan area. Situated along the picturesque Fox River, the city features a historic downtown district, family‑friendly neighborhoods, and a variety of recreational amenities such as parks, bike trails, and golf courses. Residents enjoy easy commutes via nearby highways and Metra stations, making Algonquin an attractive choice for professionals seeking a balance between urban connectivity and a relaxed lifestyle.
The local rental inventory includes both apartments and single‑family homes, providing options for a range of household needs. Modern apartment complexes in areas like Algonquin Village and the Riverside district feature contemporary finishes and on‑site amenities, while the town’s charming houses in neighborhoods such as the Old Mill and Green Leaf Estates cater to families looking for more space. One‑bedroom apartments typically rent in the $2000s, whereas two‑bedroom units often fall around the $2600 range, reflecting the city’s competitive yet affordable pricing relative to the broader Chicago suburbs.
Algonquin’s appeal extends beyond housing, with notable attractions like the Algonquin Theatre, the historic downtown boutique shops, and the scenic Algonquin Golf Club. Top‑rated schools, abundant dining options, and seasonal community events create a welcoming environment for renters of all ages. Whether you’re a young professional, a growing family, or anyone in between, Algonquin’s rental market offers the convenience, quality, and lifestyle that make it a sought‑after destination in Illinois.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $2,048 | $2,070 | $1,688 - $2,370 | $1,750 - $2,340 |
| Apartment | 2 Bedroom | $2,604 | $2,471 | $2,307 - $3,500 | $2,350 - $2,715 |
In the current period, the average rent in Algonquin was
$2,048 for 1 Bedroom, and
$2,605 for 2 Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.