
Cheap Apartments for Rent in the Arrowhead Neighborhood of Algonquin, IL from $700 (23 Rentals)
Search the lowest-cost Apartments available for rent right now in the Arrowhead area of Algonquin.


Algonquin Square Apartment Homes

Springs at Three Oaks
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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.

Skyridge Club Apartments

Randall Village

Residence of Fairway Greens
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

The Residences of Lake in the Hills Senior 55

Melody Living Lake in the Hills
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.
Arrowhead, Algonquin, IL Local Guide

How much does it cost to rent an apartment in Arrowhead?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Arrowhead Studio Apartments | $2,041 | $2,041 | $2,041 |
| Arrowhead 1 Bedroom Apartments | $1,867 | $1,668 | $2,340 |
| Arrowhead 2 Bedroom Apartments | $2,201 | $1,785 | $3,165 |
| Arrowhead 3 Bedroom Apartments | $6,783 | $2,085 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 23 rentals with your search options within a 3 mile radius of the Arrowhead Neighborhood of Algonquin, IL.
See all Apartments in AlgonquinExplore Algonquin
Arrowhead, Algonquin, IL Local Guide
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Cheapest Available Arrowhead Apartments for Rent
 The cheapest available apartment rental in the Arrowhead area of Algonquin, IL is a 2 Beds unit found at Residence of Fairway Greens priced from $1,812. Randall Village has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,815. Here are the most affordable Arrowhead apartments for rent in Algonquin, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Residence of Fairway Greens | CB121.5 Two Bed One and One half bath | 2BR,1BA | $1,812 |
| Randall Village | The Chagall | 1BR,1BA | $1,815 |
| Algonquin Square Apartment Homes | The Cornish | 1BR,1BA | $1,828 |
| Skyridge Club Apartments | Skylark | 2BR,2BA | $1,870 |
| Springs at Three Oaks | 2GO | 2 BR Grand Overlook | 2BR,2BA | $1,909 |
Best Value Apartments for Rent in Arrowhead, IL
As of November 28, 2025 the best value apartment in the Arrowhead area is the $1.75 price per square foot Haydenwood Sunroom Model at Redwood Crystal Lake in the in the Arrowhead neighborhood starting from $2,838. The second greatest value Arrowhead apartment is the Arbordale Model at Riverwalk on Main starting at $2,340 with a $2.06 price per square foot in the Park Place neighborhood. Here is today’s list of the best values for Arrowhead apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Redwood Crystal Lake | Haydenwood Sunroom | 2BR,2BA | $1.75 |
| Riverwalk on Main | Arbordale | 1BR,1BA | $2.06 |
| Springs at Three Oaks | 2GC-G | 2 BR Grand Courtyard with Garage | 2BR,2BA | $1.97 |
| Haber Pointe Apartments | 2 Br / 2 Ba | 2BR,2BA | $2.09 |
| Residence of Fairway Greens | FGB2 Two Bed One Bath | 2BR,1BA | $1.82 |
| Skyridge Club Apartments | Skylark | 2BR,2BA | $1.97 |
| Algonquin Square Apartment Homes | The Cornish | 1BR,1BA | $2.19 |
| Randall Village | The Chagall | 1BR,1BA | $2.37 |
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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
Pet Friendly LifestyleArrowhead, Algonquin, IL
Ranked #1
Among cities in Illinois for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Best Local Schools in Arrowhead, Algonquin, IL
Eastview Elementary School
Harry D Jacobs High School
Algonquin Middle School
School data provided by Great Schools
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 $1,815 at Randall Village.
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 $1,812 at Residence of Fairway Greens.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.













