
Cheap Apartments for Rent in the Grand Reserve Neighborhood of Algonquin, IL from $700 (12 Rentals)
Search the lowest-cost Apartments available for rent right now in the Grand Reserve area of Algonquin.


Algonquin Square Apartment Homes

Algonquin Square

Westview Crossing

122-140 Main St

The Oaks at Algonquin
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.

Randall Village

Wood Creek Village

300 Village Creek Dr

The Residences of Lake in the Hills Senior 55

Conservancy at Gilberts

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

How much does it cost to rent an apartment in Grand Reserve?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Grand Reserve 1 Bedroom Apartments | $1,949 | $1,700 | $2,375 |
| Grand Reserve 2 Bedroom Apartments | $2,476 | $2,250 | $2,725 |
Browse Apartments in this Neighborhood
There are currently 12 rentals with your search options within a 3 mile radius of the Grand Reserve Neighborhood of Algonquin, IL.
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Grand Reserve, Algonquin, IL Local Guide
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Cheapest Available Grand Reserve Apartments for Rent
 The cheapest available apartment rental in the Grand Reserve area of Algonquin, IL is a 1 Bed unit found at Randall Village priced from $1,765. Algonquin Square Apartment Homes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,912. Here are the most affordable Grand Reserve apartments for rent in Algonquin, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Randall Village | The Picasso B | 1BR,1BA | $1,765 |
| Algonquin Square Apartment Homes | The Gillilan | 1BR,1BA | $1,912 |
| Conservancy at Gilberts | Rome | 2BR,2BA | $2,800 |
Best Value Apartments for Rent in Grand Reserve, IL
As of July 21, 2026 the best value apartment in the Grand Reserve area is the $0.94 price per square foot 1330 Braewood Dr Model at 1330 Braewood Dr, Unit 1 in the in the Waterford of Algonquin neighborhood starting from $1,700. The second greatest value Grand Reserve apartment is the Ravello Model at Conservancy at Gilberts starting at $3,150 with a $2.34 price per square foot in the Square Barn Road School Campus neighborhood. Here is today’s list of the best values for Grand Reserve apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1330 Braewood Dr, Unit 1 | 1330 Braewood Dr | 1BR,1BA | $0.94 |
| Conservancy at Gilberts | Ravello | 3BR,2BA | $2.34 |
| Algonquin Square Apartment Homes | The Cornish | 1BR,1BA | $2.41 |
| Randall Village | The Chagall | 1BR,1BA | $2.42 |
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 Grand Reserve, Algonquin, IL
Harry D Jacobs High School
Westfield Community School
School data provided by Great Schools
Frequently Asked Questions about Cheap Grand Reserve Apartments
How much is rent for a Cheap One Bedroom Grand Reserve Apartment?
The lowest price for a Cheap One Bedroom Grand Reserve Apartment is $1,765 at Randall Village.
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.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.