Average rent in Algonquin, Chicago
The median asking rent in Algonquin is $2,147 a month and the average is $2,152, based on 14 apartments available in 1 building as of September 21, 2026. By size, the median is $1,969 for a 1 bedroom, $2,364 for a 2 bedroom.
That is 22% below the Chicago median of $2,754, which covers 5,718 available apartments in 374 buildings.
Algonquin rent by apartment size
| Size | Median | Average | Range | Avg sq ft | Available |
|---|---|---|---|---|---|
| 1 bedroom | $1,969 | $1,964 | $1,857–$2,048 | 822 | 7 |
| 2 bedroom | $2,364 | $2,340 | $2,245–$2,414 | 1,232 | 7 |
| All sizes | $2,147 | $2,152 | 14 |
Asking rent is the listed monthly price before any move-in special. Only apartments available right now are counted. See how we measure rent.
How Algonquin compares
| Neighborhood | Median | Studio | 1 bedroom | 2 bedroom |
|---|---|---|---|---|
| Algonquin | $2,147 | n/a | $1,969 | $2,364 |
| West Loop | $2,813 | $2,360 | $2,889 | $4,116 |
| River North | $3,070 | $2,577 | $2,994 | $4,413 |
| South Loop | $2,856 | $2,378 | $2,755 | $3,495 |
| Streeterville | $3,206 | $2,654 | $3,079 | $4,502 |
| Gold Coast | $2,584 | $2,089 | $2,624 | $4,418 |
| Fulton Market | $3,271 | $2,476 | $3,177 | $4,407 |
| The Loop | $2,873 | $2,415 | $3,006 | $4,317 |
| Old Town | $3,129 | $2,605 | $3,084 | $4,354 |
| Uptown | $2,195 | $1,750 | $2,385 | $3,593 |
| Lakeshore East | $3,101 | $2,499 | $3,111 | $4,450 |
Frequently asked
What is the average rent in Algonquin?
The median asking rent in Algonquin is $2,147 a month and the average is $2,152, based on 14 apartments available in 1 building as of September 21, 2026. By size, the median is $1,969 for a 1 bedroom, $2,364 for a 2 bedroom.
How much is a 1 bedroom apartment in Algonquin?
The median asking rent for a 1 bedroom in Algonquin is $1,969 a month, ranging from $1,857 to $2,048 across 7 available units, with an average size of 822 square feet.
How much is a 2 bedroom apartment in Algonquin?
The median asking rent for a 2 bedroom in Algonquin is $2,364 a month, ranging from $2,245 to $2,414 across 7 available units, with an average size of 1,232 square feet.
Is Algonquin more expensive than the rest of Chicago?
The median asking rent in Algonquin is $2,147. That is 22% below the Chicago median of $2,754, which covers 5,718 available apartments in 374 buildings.
Where do these numbers come from?
Precise Rent reads each building's own published pricing and availability every morning and afternoon. These figures count only apartments that are available right now, at the listed monthly price before any move-in special.