Average Rent in Algonquin, IL

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Current Versus Historical Algonquin, IL Rents

Algonquin rentals average $1,925 for a 2-bedroom rental to $3,100 for a 4-bedroom rental. The median price of all currently available listings is $2,800, or roughly $19 per square feet.

For the apartment units and housing in June 2026, median rents have risen substantially over the last year. Studio rentals prices have increased by $0 (0.00%) year-over-year from $59 to $59. 1-bedroom rentals prices have increased by $265 (16.26%) year-over-year from $1,630 to $1,895. 2-bedroom rentals prices have increased by $34 (1.48%) year-over-year from $2,316 to $2,350. 3-bedroom rentals prices have increased by $167 (6.33%) year-over-year from $2,633 to $2,800. 4-bedroom rentals prices have decreased by $483 (-13.49%) year-over-year from $3,583 to $3,100. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 0.00% this month. 1-bedroom rents have gone down by 0.00% this month. 2-bedroom rents have gone up by 14.63% this month. 3-bedroom rents have gone up by 3.13% this month. 4-bedroom rents have gone down by 12.26% this month.

Beds	Price / Sqft	Jun 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
2 BR	$22.46	$2,350	$2,316 (1.48%)	$2,326 (1.05%)
3 BR	$19.37	$2,800	$2,633 (6.33%)	$2,141 (30.79%)
4+ BR	$16.24	$3,100	$3,583 (-13.49%)	$3,500 (-11.42%)

Historical Rents in Algonquin, IL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Algonquin

City	Studio	1 Bed	2 Bed	All

Top Neighborhoods Near Algonquin

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near Algonquin

There are a total of 1 counties located by Algonquin, IL. One county in the area is Algonquin, IL. The average rent for rentals in these counties is $2,000. That's roughly around $22 per sqft. A total of one county has a lower average rent. The county that is the most affordable is Algonquin, IL. Its average rent per month is $2,000. Vice versa, with an average rent of $2,000, Algonquin, IL is the most expensive county by Algonquin, IL.

Rent for two bedrooms in Algonquin, IL is 9.09% more expensive than other counties nearby. We've listed all of these counties in the table below.

County	Studio	1 Bed	2 Bed	All
Algonquin, IL	$1,335	$1,450	$1,750	$2,000

Top Zipcodes Near Algonquin

Zipcode	Studio	1 Bed	2 Bed	All

Frequently Asked Questions - Algonquin Average Rents

What is the average rent price in Algonquin, IL?

The average monthly rental price for Algonquin, IL apartments for rent is approximately $2,800. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Algonquin, IL rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Algonquin, IL.

How much is a two bedroom apartment in Algonquin, IL?

The average monthly rental price for two bedroom apartments is $1,925 and an average price per square feet of $22.46. There are a total of 4 two bedroom apartment listings currently available for rent in Algonquin.

How have rent prices in Algonquin, IL changed this year?

Rent prices for rentals in Algonquin, IL can fluctuate yearly. Specifically, studio rental prices have changed by 0.00%, one bedroom rental prices have changed by 0.16%, two bedroom rental prices have changed by 0.01%, three bedroom rental prices have changed by 0.06% year-over-year.

What is a reasonable rent price in Algonquin, IL?

A reasonable rent price in Algonquin, IL is around $2,240/month. You can search for these reasonably priced rental listings on RentHop.