
Cheap Homes for Rent in Arrowhead Neighborhood of Algonquin, IL from $1,300 (8 Rentals)
Search the lowest-cost Homes available for rent right now in the Arrowhead area of Algonquin.


20 Arrowhead Dr

1819 Silverstone Dr, Unit 1819, Unit 1819

1345 Cunat Ct
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

1351 Cunat Ct

1371 Cunat Ct, Unit 1D

1341 Cunat Ct, Unit 1C

1361 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.
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 | $1,932 | $1,550 | $2,600 |
| Arrowhead 3 Bedroom Homes for Rent | $2,430 | $1,960 | $2,700 |
| Arrowhead 4 Bedroom Homes for Rent | $3,512 | $2,950 | $4,000 |
| Arrowhead 5 Bedroom Homes for Rent | $5,400 | $5,400 | $5,400 |
Browse Homes for Rent in this Neighborhood
There are currently 8 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 Springs at Three Oaks priced from $1,643. Skyridge Club Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,680. Here are the most affordable Arrowhead apartments for rent in Algonquin, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Springs at Three Oaks | 1GC | 1 BR Grand Courtyard | 1BR,1BA | $1,643 |
| Skyridge Club Apartments | Meadowlark | 1BR,1BA | $1,680 |
| Randall Village | The Monet | 1BR,1BA | $1,695 |
Best Value Apartments for Rent in Arrowhead, IL
As of May 08, 2026 the best value apartment in the Arrowhead area is the $1.67 price per square foot 3 Bedroom Model at The Schoolhouse Apartments in the in the Arrowhead neighborhood starting from $2,500. 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. |
|---|---|---|---|
| The Schoolhouse Apartments | 3 Bedroom | 3BR,2BA | $1.67 |
| Haber Pointe Apartments | 2 Br / 2 Ba | 2BR,2BA | $2.09 |
| Springs at Three Oaks | 1DC | 1 BR Designer Courtyard | 1BR,1BA | $2.07 |
| Algonquin Square Apartment Homes | The Gillilan | 1BR,1BA | $2.20 |
| Randall Village | The Chagall | 1BR,1BA | $2.40 |
| Skyridge Club Apartments | Meadowlark | 1BR,1BA | $2.40 |
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 ArticleReal 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.
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.
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 45 Apartments for Rent in Arrowhead, IL with pricing that ranges from $1,450 to $18,493. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Arrowhead ranging from $1,395 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 $1,395 to $5,400 with an average monthly rent of $3,047.
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

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.

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.

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.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.