
Cheap Homes for Rent in Arrowhead Neighborhood of Algonquin, IL from $1,500 (17 Rentals)
Search the lowest-cost Homes available for rent right now in the Arrowhead area of Algonquin.


1371 Cunat Ct

2327 Silverstone Dr

1371 Cunat Ct

1372 Cunat Ct
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.

1309 Silverstone Dr

1309 Silverstone Dr

301 Village Creek Dr

1131 Silverstone Dr

427 Village Creek Dr
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.

1809 Silverstone Dr

1231 Silverstone Dr

1231 Silverstone Dr

1431 Silverstone Dr

2427 Silverstone Dr
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.

3359 Blue Ridge Dr

1531 Silverstone Dr
Arrowhead, Algonquin, IL Local Guide

How much does it cost to rent a home in Arrowhead?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Arrowhead 2 Bedroom Homes for Rent | $1,882 | $1,550 | $2,300 |
| Arrowhead 3 Bedroom Homes for Rent | $2,964 | $2,360 | $4,000 |
| Arrowhead 4 Bedroom Homes for Rent | $3,037 | $2,000 | $3,950 |
| Arrowhead 5 Bedroom Homes for Rent | $5,400 | $5,400 | $5,400 |
Browse Homes for Rent in this Neighborhood
There are currently 17 rentals with your search options within a 3 mile radius of the Arrowhead Neighborhood of Algonquin, IL.
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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 1 Bed unit found at Randall Village priced from $1,666. Springs at Three Oaks has the second lowest priced unit, which is a Studio apartment currently listed from $1,683. Here are the most affordable Arrowhead apartments for rent in Algonquin, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Randall Village | The Monet | 1BR,1BA | $1,666 |
| Springs at Three Oaks | SGO | Studio Grand Overlook | Studio,1BA | $1,683 |
| Residence of Fairway Greens | FGB2 Two Bed One Bath | 2BR,1BA | $1,795 |
| Algonquin Square Apartment Homes | The Cornish | 1BR,1BA | $1,797 |
| Skyridge Club Apartments | Skylark | 2BR,2BA | $1,870 |
Best Value Apartments for Rent in Arrowhead, IL
As of December 20, 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 $2,834. The second greatest value Arrowhead apartment is the 2 Br / 2 Ba Model at Haber Pointe Apartments starting at $2,300 with a $2.09 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Redwood Crystal Lake | Haydenwood Sunroom | 2BR,2BA | $1.75 |
| Haber Pointe Apartments | 2 Br / 2 Ba | 2BR,2BA | $2.09 |
| Residence of Fairway Greens | CB121.5 Two Bed One and One half bath | 2BR,1.5BA | $1.81 |
| Skyridge Club Apartments | Skylark | 2BR,2BA | $1.97 |
| Riverwalk on Main | Abbey | 1BR,1BA | $2.17 |
| Algonquin Square Apartment Homes | The Cornish | 1BR,1BA | $2.16 |
| Randall Village | The Chagall | 1BR,1BA | $2.37 |
| Springs at Three Oaks | SGO | Studio Grand Overlook | Studio ,1BA | $2.54 |
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
Frequently Asked Questions about Arrowhead
What type of rentals are currently available in Arrowhead?
There are currently 43 Apartments for Rent in Arrowhead, IL with pricing that ranges from $1,640 to $27,996. There are also 47 Single Family Homes for rent, Condos, and Townhome rentals currently available in Arrowhead ranging from $1,550 to $5,400.
What is the current price range for Rental Homes in Arrowhead?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Arrowhead ranges from $1,550 to $5,400 with an average monthly rent of $3,320.
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

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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.