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Algonquin, IL Condo for Rent

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  • 2614 Loren Ln Unit 292, Algonquin, IL 60102
    2614 Loren Ln Unit 292, Algonquin, IL 60102
    2614 Loren Ln Unit 292, Algonquin, IL 60102
    /25

    $2,300 Per Month

    • 2 Beds
    • 2 Baths
    • 1,861 Sq Ft
    • Condo for Rent

    2614 Loren Ln Unit 292, Algonquin, IL 60102

    WELCOME TO THIS STUNNING, RARELY AVAILABLE END-UNIT CONDO IN THE DESIRABLE CANTERBURY PLACE SUBDIVISION OF ALGONQUIN! | THIS MASSIVE, SUN-DRENCHED UPPER-LEVEL RANCH HAS 1,861 SQUARE FEET OF LUXURIOUS LIVING SPACE AND FEATURES REFRESHING CATHEDRAL CEILINGS AND BRIGHT SKYLIGHTS THROUGHOUT | THE EXPANSIVE OPEN-CONCEPT GREAT ROOM OFFERING CUSTOM DETAIL AND A COZY GAS FIREPLACE FLOWS SEAMLESSLY INTO A

    Bob Panek CENTURY 21 New Heritage

    2614 Loren Ln Unit 292, Algonquin, IL 60102
Illinois McHenry County Algonquin

Condos for Rent in Algonquin, IL

Frequently Asked Questions

How much does it cost to rent a condo in Algonquin, IL?
The median rent for a condo in Algonquin, IL is $2,150 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Algonquin, IL?
To comfortably afford the median rent in Algonquin, IL, a household needs to earn roughly $102,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,550 per month in Algonquin, IL, renters typically need to show $7,650 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Algonquin, IL?
In Algonquin, IL, the price-to-rent ratio is 15.5, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Condo Rental Trends in Algonquin, IL

There are currently 1 condos available for rent in Algonquin, IL. The median rent is $2,150 per month, with 2-bedroom condos at $2,150.

Rental Home Trends

Number of Condos for Rent
1
Median Condo Rent
$2,150
Median 2 Bedroom Condo Rent
$2,150
How to Rent a Home

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