Rental market snapshot for Algonquin, Illinois

Algonquin, Illinois Rental Property Market Overview

Algonquin, Illinois is a vibrant city located in the northwest suburbs of Chicago. With a population of 29,944 as of 2021, according to the US Census, Algonquin is a great place to live, work, and play. The city offers a variety of activities, from outdoor recreation to shopping and dining. Algonquin is also home to a number of parks, trails, and other outdoor attractions. With its convenient location, excellent schools, and diverse population, Algonquin is a great place to call home.

The average rent for an apartment in Algonquin is $2,011. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by 0.00% over the past year.

Last Updated March 25, 2024

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Average monthly rent graph in Algonquin Illinois | Cost of Living

  • The most expensive ZIP code in Algonquin is 60102 with an average price of $2,178.
  • The cheapest ZIP code in Algonquin is 60102 with an average price of $2,178.

Algonquin ZIP codes with the highest, most expensive rent

#ZIP CodeAverage Rent
160102$2,178

Live near Algonquin, Illinois's Top Sights and Attractions

Gaslight Park is a charming outdoor attraction located in a small town in northern Illinois. It features a picturesque lake, a gazebo, and a variety of walking trails. The park is also home to a variety of wildlife, including ducks, geese, and other birds. Visitors can enjoy a picnic lunch or take a leisurely stroll around the lake. The park is especially popular during the summer months, when visitors can take advantage of the warm weather and the beautiful scenery.

Algonquin Lakes Park is a beautiful outdoor destination located in northern Illinois. The park offers a variety of activities for visitors to enjoy, including fishing, boating, swimming, and hiking. The park is home to a variety of wildlife, including deer, foxes, and bald eagles. Visitors can also explore the park's many trails, which wind through the woods and along the lake's shoreline. The park also features a picnic area, playground, and a beach area for swimming.

Woods Creek Riparian Corridor is a scenic nature area located in Algonquin, Illinois. It features a variety of habitats, including wetlands, woodlands, and prairies. Visitors can explore the area on foot or by bike, taking in the sights of the lush vegetation, wildlife, and the creek itself. The area is also home to a variety of birds, amphibians, and other animals. The corridor is a great spot for bird watching, fishing, and picnicking.

Ted Spella Community Park is a picturesque park located in a suburban area. It features a large pond with a fountain, a playground, a walking path, and plenty of open green space. The park also has a picnic area with grills and tables, as well as a gazebo for special events. The park is a popular spot for families, joggers, and nature lovers alike.

Willoughby Farms Park is a sprawling outdoor recreation area located in the suburbs of northern Illinois. It features a variety of activities for visitors of all ages, including a large playground, a fishing pond, a picnic area, a walking path, and a disc golf course. The park also has a variety of sports fields, including baseball, softball, and soccer. In addition, the park offers a variety of special events throughout the year, such as concerts, festivals, and movie nights.

Riverfront Park is a scenic outdoor area located along the banks of the Fox River. It features a variety of recreational activities, including walking and biking trails, picnic areas, playgrounds, and a fishing pier. The park also offers stunning views of the river and the surrounding landscape, making it a great spot for photography and sightseeing. In addition, the park hosts a variety of events throughout the year, including concerts, festivals, and outdoor movies.

James B Wood Park is a scenic outdoor recreation area located in the heart of a small town. It features a large lake with a beach, a playground, and a variety of trails for hiking, biking, and horseback riding. There are also picnic areas, a disc golf course, and a fishing pier. The park is surrounded by lush trees and offers stunning views of the surrounding countryside.

Towne Park is a large outdoor recreational area located in the northern suburbs of Illinois. It features a variety of activities for visitors of all ages, including a large lake, a playground, a picnic area, a walking trail, and a disc golf course. The park also offers a variety of amenities, such as a snack bar, restrooms, and a pavilion. Visitors can also enjoy fishing, boating, and swimming in the lake. Towne Park is a great place to spend a day outdoors with family and friends.

High Hill Park And Nature Preserve is a beautiful outdoor area located in the Midwest. It features a variety of trails for hiking, biking, and horseback riding, as well as a lake for fishing and canoeing. The park also has picnic areas, playgrounds, and a disc golf course. The Nature Preserve is home to a variety of wildlife, including deer, foxes, and birds. Visitors can also explore the park's many educational programs, which focus on the local ecology and conservation.

Kelliher Park is a scenic outdoor destination located in the heart of Algonquin. It features a large lake, walking trails, and a variety of recreational activities. The park is a great spot for fishing, boating, swimming, and picnicking. There are also several playgrounds, a disc golf course, and a skate park. The park is surrounded by lush trees and offers stunning views of the surrounding area.

Algonquin, Illinois area median rent change by ZIP code map

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How does Algonquin compare to other cities in Illinois?

citymedian price
Pingree Grove$2,695
Skokie$2,650
Glenview$2,600
Hanover Park$2,190
Palatine$1,810
Belvidere$1,725
Fairview Heights$1,260
Bourbonnais$1,149
Freeport$700
Pekin$700

Average household income in Algonquin area graph - US Census

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The median household income in Algonquin in 2021 was $115,346. This represents a 15.0% change from 2011 when the median was $100,269.

#categorypercent
0Less than $10,0001.7%
1$10,000 to $14,9991.5%
2$15,000 to $19,9992.2%
3$20,000 to $24,9992.5%
4$25,000 to $29,9993.3%
5$30,000 to $34,9992.6%
6$35,000 to $39,9991.8%
7$40,000 to $44,9991.5%
8$45,000 to $49,9992.1%
9$50,000 to $59,9993.8%
10$60,000 to $74,9999.5%
11$75,000 to $99,99911.9%
12$100,000 to $124,99912.4%
13$125,000 to $149,99913.0%
14$150,000 to $199,99914.8%
15$200,000 or more15.4%

Neighborhoods in Algonquin

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Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of February , the average rent in Algonquin is $2,011.
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