Illinois is known for its rich cultural heritage, lively urban centers, and beautiful countryside landscapes. Explore the state's cultural heritage by visiting renowned museums such as the Lincoln Presidential Library and Museum, the Field Museum of Natural History, the Museum of Science and Industry, and the Art Institute of Chicago. The state also has a thriving theater and art scene, including the renowned Steppenwolf Theatre Company in Chicago. Illinois is also home to respected universities like the University of Illinois at Urbana-Champaign and Northwestern University.

Outdoor enthusiasts will love the scenic beauty of the Shawnee National Forest and the adventure-filled trails of the Starved Rock State Park. Sports fans will be in their element in Illinois, cheering on the Chicago Bears (NFL), Chicago Blackhawks (NHL), Chicago Cubs (MLB), Chicago White Sox (MLB), and Chicago Bulls (NBA). Experience famous attractions like the Willis Tower, Navy Pier, and the Lincoln Park Zoo. Also, enjoy the musicals and plays at Broadway-in-Chicago, festivals throughout the summer months, and culinary tours of the local restaurants.

With its vibrant cultural scene, exciting entertainment options, and top-notch educational opportunities, Illinois offers a high quality of life, making it a great place to live.

Rental Market Trends

Algonquin, IL

As of August 2025, Algonquin's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Algonquin's average rent is 12.6% ($223) higher than the Illinois average of $1,766 and 11.1% ($199) higher than the U.S. average of $1,790.

Average Rent

$1,989

Monthly ChangeMonth Over Month Change

3% ($62)

Yearly ChangeYear Over Year Change

2.5% ($50)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$1,807	0.9% ($17)	7.4% ($145)
2 Beds	$2,301	0.3% ($6)	0.7% ($16)
3 Beds	$2,680	0.3% ($7)	4.3% ($111)

Nearby Cities	Average Rent	Avg. Rent vs. AlgonquinAverage Rent vs. Algonquin	Avg. Days on MarketAverage Days on Market
Carpentersville	$1,505	24.3% ($484)	26 days
Dundee	$2,374	19.4% ($385)	32 days
Cary	$1,775	10.8% ($214)	36 days
Crystal Lake	$2,149	8% ($160)	40 days
Barrington	$2,191	10.2% ($202)	27 days

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Algonquin Rental Market FAQs

Explore rental prices, market trends, and availability in Algonquin, IL.

What is the average rent in Algonquin, IL?

The average rent in Algonquin, IL is $1,989 per month.

What is the rental price range for homes in Algonquin, IL?

Homes in Algonquin typically rent for between $1,265 and $3,484 per month, with an average of $1,989 per month.

What is the average rent for different bedroom sizes in Algonquin, IL?

In Algonquin, the average rent for a 1-bedroom home is $1,807 per month, for a 2-bedroom home, $2,301 per month, and a 3-bedroom home is $2,680 per month.

How do rent prices in Algonquin, IL compare with the national average?

The average rent in Algonquin is 11.1% ($199) higher than the national average of $1,790 per month.

How have rent prices in Algonquin, IL changed recently?

The average rent in Algonquin has decreased by 3.0% ($62) in the last month and decreased by 2.5% ($50) over the past year.

How competitive is the rental market in Algonquin, IL?

The rental market in Algonquin, IL, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.

How long do rentals stay on the market in Algonquin, IL?

In Algonquin, IL, the average rental stays on the market for approximately 35 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.

How many rental properties are available in Algonquin, IL?

There is currently 1 rental property available in Algonquin, IL.

Can I afford to rent a home in Algonquin, IL?

Based on the current averages, a household would need an annual income of $92,040 to comfortably afford a 2-bedroom home in Algonquin.