Cheap Apartments for Rent in the Arrowhead Neighborhood of Algonquin, IL from $700 (23 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Arrowhead area of Algonquin.

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Algonquin Square
1 to 2 Bedroom Apartments

Algonquin Square

2380 Esplanade DrAlgonquin, IL 60102
  • Smoke Free
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122-140 Main St
Studio Apartments

122-140 Main St

122-140 Main StAlgonquin, IL 60102
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Arrowhead Apartments
1 to 2 Bedroom Apartments

Arrowhead Apartments

25 Arrowhead DrAlgonquin, IL 60102
  • Utilities Included
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The Oaks at Algonquin
Studio to 2 Bedroom Apartments

The Oaks at Algonquin

2595 Harnish DrAlgonquin, IL 60102
Senior Living

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316 Crystal St
2 Bedroom Apartments

316 Crystal St

316 Crystal StCary, IL 60013
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222 Crystal St
1 to 2 Bedroom Apartments

222 Crystal St

222 Crystal StCary, IL 60013

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Wood Creek Village
1 to 2 Bedroom Apartments

Wood Creek Village

1 W Acorn LnLake In The Hills, IL 60156
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300 Village Creek Dr
1 to 2 Bedroom Apartments

300 Village Creek Dr

300 Village Creek DrLake In The Hills, IL 60156
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19-23 High Rd
Studio Apartments

19-23 High Rd

19-23 High RdCary, IL 60013
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230 Crystal St
Studio Apartments

230 Crystal St

230 Crystal StCary, IL 60013

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Fox View I, II
2 to 3 Bedroom Apartments

Fox View I, II

27 Oxford DrCarpentersville, IL 60110
  • Utilities Included
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109 Cary St
Studio to 1 Bedroom Apartments

109 Cary St

109 Cary StCary, IL 60013

Arrowhead, Algonquin, IL Local Guide

Cheapest Available Arrowhead Apartments for Rent

 

The cheapest available apartment rental in the Arrowhead area of Algonquin, IL is a Studio unit found at Springs at Three Oaks priced from $1,566. Algonquin Square Apartment Homes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,840. Here are the most affordable Arrowhead apartments for rent in Algonquin, IL:

Apartment ListingModel NameBed/BathPriced From
Springs at Three OaksSGO | Studio Grand OverlookStudio,1BA$1,566
Algonquin Square Apartment HomesThe Gillilan1BR,1BA$1,840
Randall VillageThe Chagall1BR,1BA$1,855
Residence of Fairway GreensTwo bed One Bath2BR,1BA$1,952
The Schoolhouse Apartments2 Bedroom2BR,1BA$2,000

Best Value Apartments for Rent in Arrowhead, IL

As of July 15, 2026 the best value apartment in the Arrowhead area is the $0.94 price per square foot 1330 Braewood Dr Model at 1330 Braewood Dr, Unit 1 in the in the Waterford of Algonquin neighborhood starting from $1,700. The second greatest value Arrowhead apartment is the Capewood Model at Redwood Crystal Lake starting at $3,020 with a $1.86 price per square foot in the Arrowhead neighborhood. Here is today’s list of the best values for Arrowhead apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1330 Braewood Dr, Unit 11330 Braewood Dr1BR,1BA$0.94
Redwood Crystal LakeCapewood2BR,2BA$1.86
Haber Pointe Apartments2 Br / 2 Ba2BR,2BA$2.09
Residence of Fairway GreensTwo bed One Bath2BR,1BA$1.88
The Schoolhouse Apartments2 Bedroom2BR,1BA$2.22
Algonquin Square Apartment HomesThe Cornish1BR,1BA$2.32
Springs at Three Oaks1DC-G | 1 BR Designer Courtyard with Garage1BR,1BA$2.41
Randall VillageThe Chagall1BR,1BA$2.42

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Lifestyle Ratings

Our team compiles millions of data points to bring you Lifestyle Ratings of rentals and neighborhoods across the USA, and customized analysis for Central Algonquin. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including searching for the best amenities, and the best proximity to parks and outdoor amenities, pet-friendly features, places that make kids happy, proximity to transit, walking, and biking. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Arrowhead Apartments

How much is rent for a Cheap One Bedroom Arrowhead Apartment?

The lowest price for a Cheap One Bedroom Arrowhead Apartment is $1,840 at Algonquin Square Apartment Homes.

What is the lowest price for a Cheap Two Bedroom Arrowhead Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Arrowhead is starting from $1,952 at Residence of Fairway Greens.

What is the most affordable Arrowhead Three Bedroom Apartment?

The best deal on a cheap Arrowhead Three Bedroom Apartment rental is at The Schoolhouse Apartments and starts from $2,200.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.