Last updated
Average Rent in Algonquin 60102 & Rent Trends
Rent prices and market trends across 1 apartment community in Algonquin 60102, Algonquin, IL. Updated daily.
Market Average
$2,159/mo
Lowest Available
$1,857/mo
cheapest unit on market
Communities
1
tracked daily
Units Listed
6
available now
Price Cuts This Week in Algonquin 60102
4 listed units across 1 building in Algonquin 60102 dropped their asking rent in the past 7 days, an average cut of $23/mo. These are the largest cuts, tracked unit by unit with daily price checks.
| Apartment | Unit | Last Week | Now | Cut |
|---|---|---|---|---|
| Algonquin Square Apartments | Unit 3 | $2,251 | $2,221 | $30 |
| Algonquin Square Apartments | Unit 4, The Dawson | $2,298 | $2,278 | $20 |
| Algonquin Square Apartments | Unit 5, The Jackson | $2,326 | $2,306 | $20 |
| Algonquin Square Apartments | Unit 6 | $2,364 | $2,344 | $20 |
Algonquin 60102 vs Algonquin, IL Average
Algonquin 60102 is the same price as the Algonquin, IL average . The citywide average is $2,159/mo across all neighborhoods.
Is Rent Going Up or Down in Algonquin 60102?
As of September 2026, the average rent in Algonquin 60102 is $2,159 per month across 1 apartment community and 6 available units.
The most affordable option is Algonquin Square Apartments starting at $1,857/mo. By unit type, a 1-bedroom averages $1,904/mo, a 2-bedroom averages $2,287/mo.
Prices range from $1,857 to $2,344 per month. The most common price point is the $2,200 range, where 4 units are currently listed.
Average Rent by Bedroom
Rent Price Distribution
Rent by Bedroom Type in Algonquin 60102
Rent Prices by Apartment in Algonquin 60102
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Algonquin Square Apartments | $1,857/mo | $2,159/mo | 6 | 4.6 |
Frequently Asked Questions About Rent in Algonquin 60102
What is the average rent in Algonquin 60102?
Is rent going up or down in Algonquin 60102?
What is the cheapest apartment in Algonquin 60102?
How much is a 1-bedroom apartment in Algonquin 60102?
How many apartments are available in Algonquin 60102?
What salary do I need to live comfortably in Algonquin 60102?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$86,000/year
Based on the 30 percent rule, using our tracked average rent of $2,159/mo.
Comfortable income
$104,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,857/mo), you need to earn at least $74,000/year.
Median household income in Algonquin 60102 is $131,753 , about 27% above the comfortable-living threshold.
Cost of living in Algonquin 60102
Overall prices in Algonquin 60102 runs above the national average by about 2% (BEA Regional Price Parity index 102.5, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Algonquin 60102's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $2,159 |
| Utilities | $477 |
| Groceries | $563 |
| Transportation | $1,138 |
| Healthcare | $555 |
| Other goods and services | $888 |
| Estimated total | $5,780/mo |
Population
29,904
Median household income
$131,753
Census median rent
$1,800/mo
Census rent burden
25.5%
Median age
41.3
Mean commute
32 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Google Search Trends for Algonquin 60102 Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Algonquin 60102 Apartments
Browse all 1 communities with daily-updated pricing and availability.