
Cheap Homes for Rent in the Arrowhead Neighborhood of Algonquin, IL from $1,475 (9 Rentals)
Search the lowest-cost Homes available for rent right now in the Arrowhead area of Algonquin.


1363 Cunat Ct

1343 Cunat Ct

1362 Cunat Ct, Unit 1362 Cunat Ct Apt 2A
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

20 Arrowhead Dr

1350 Cunat Ct

103 Capella Ct

2273 Flagstone Ln
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

2058 Limestone Ln
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 | $2,118 | $1,600 | $2,500 |
| Arrowhead 3 Bedroom Homes for Rent | $2,570 | $2,400 | $2,775 |
| Arrowhead 4 Bedroom Homes for Rent | $3,349 | $2,900 | $3,700 |
| Arrowhead 5 Bedroom Homes for Rent | $5,400 | $5,400 | $5,400 |
Browse Homes for Rent in this Neighborhood
There are currently 9 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 Homes for Rent
 The cheapest available rental home in the Arrowhead area of Algonquin, IL is a 3 Beds home found at 537 Norman Dr priced from $2,549. 941 Viewpoint Dr has the second lowest priced home, which is a 3 Beds rental home currently listed from $2,690. Here are the most affordable Arrowhead homes for rent in Algonquin, IL:
| Home Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 537 Norman Dr | 537 Norman Dr | 3BR, 2BA | $2,549 |
| 941 Viewpoint Dr | 941 Viewpoint Dr | 3BR, 1BA | $2,690 |
| 1411 Millbrook Dr | 1411 Millbrook Dr | 3BR, 2BA | $2,775 |
Best Value Homes for Rent in Arrowhead, IL
As of September 22, 2026 the best value rental home in the Arrowhead area is the $1.34 price per square foot 6700 Pine Ln Model at 6700 Pine Ln in the Waterford of Algonquin neighborhood starting from $5,400. The second greatest value Arrowhead rental home is the 537 Norman Dr Model at 537 Norman Dr in the Arrowhead neighborhood starting at $2,549 with a $1.49 price per square foot. Here is today’s list of the best values for Arrowhead homes based on price per square foot:
| Home Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 6700 Pine Ln | 6700 Pine Ln | 5BR, 3BA | $1.34 |
| 537 Norman Dr | 537 Norman Dr | 3BR, 2BA | $1.49 |
| 941 Viewpoint Dr | 941 Viewpoint Dr | 3BR, 1.5BA | $1.63 |
| 1411 Millbrook Dr | 1411 Millbrook Dr | 3BR, 2.5BA | $1.74 |
| 103 Capella Ct | 103 Capella Ct | 2BR, 2.5BA | $1.62 |
| 1110 Riverwood Dr | 1110 Riverwood Dr | 2BR, 2BA | $2.05 |
| 1362 Cunat Ct, Unit 1362 Cunat Ct Apt 2A | 1362 Cunat Ct | 2BR, 1BA | $2.00 |
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 ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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 48 Apartments for Rent in Arrowhead, IL with pricing that ranges from $570 to $2,734. There are also 28 Single Family Homes for rent, Condos, and Townhome rentals currently available in Arrowhead ranging from $1,475 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 $1,475 to $5,400 with an average monthly rent of $2,609.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.