Cheap Apartments for Rent in the Arrowhead Neighborhood of Algonquin, IL from $700 (18 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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1330 Braewood Dr, Unit 1
$1,650
Total Monthly Price

Total Monthly Price

Base Rent
$1,650
Total Monthly Price
$1,650
1 Bedroom Apartment Available Now

1330 Braewood Dr, Unit 1

1330 Braewood DrAlgonquin, IL 60102
Cost Per Sq.Ft.
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property at 1375 Cunat Ct

$1,395

1 Bedroom Rentals

Available Jun 12

1375 Cunat Ct

Lake In The HillsIL60156

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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 $1,532. Randall Village has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,615. 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$1,532
Randall VillageThe Chagall1BR,1BA$1,615
Skyridge Club ApartmentsSandpiper2BR,1BA$1,690
Algonquin Square Apartment HomesThe Gillilan1BR,1BA$1,795
The Schoolhouse Apartments3 Bedroom3BR,2BA$2,400

Best Value Apartments for Rent in Arrowhead, IL

As of May 30, 2026 the best value apartment in the Arrowhead area is the $0.92 price per square foot 1330 Braewood Dr Model at 1330 Braewood Dr, Unit 1 in the in the Waterford of Algonquin neighborhood starting from $1,650. The second greatest value Arrowhead apartment is the 3 Bedroom Model at The Schoolhouse Apartments starting at $2,400 with a $1.60 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$0.92
The Schoolhouse Apartments3 Bedroom3BR,2BA$1.60
Randall VillageThe Picasso B1BR,1BA$2.12
Skyridge Club ApartmentsSandpiper2BR,1BA$1.99
Springs at Three Oaks1DC-G | 1 BR Designer Courtyard with Garage1BR,1BA$2.45
Algonquin Square Apartment HomesThe Gillilan1BR,1BA$2.26

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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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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

What is the Cheapest Studio apartment in Arrowhead?

Currently the most affordable Cheap Studio Apartment in Arrowhead is at Springs at Three Oaks listed at $1,532.

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

The lowest price for a Cheap One Bedroom Arrowhead Apartment is $1,615 at Randall Village.

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 $2,400.

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 Neighborhood and Market Insights: How to Choose the Right Area to Rent article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.