
Cheap Apartments for Rent in the Grand Reserve Neighborhood of Algonquin, IL from $700 (20 Rentals)
Search the lowest-cost Apartments available for rent right now in the Grand Reserve area of Algonquin.


Algonquin Square Apartment Homes

Randall Village

The Residences of Lake in the Hills Senior 55

Melody Living Lake in the Hills
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 | $1,918 | $1,557 | $2,340 |
Grand Reserve 2 Bedroom Apartments | $2,583 | $2,110 | $3,500 |
Grand Reserve 3 Bedroom Apartments | $15,104 | $10,000 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 20 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
- Nearby Algonquin neighborhoods
- Nearby Cities
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- School Districts
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 Algonquin Square Apartment Homes priced from $1,762. Randall Village has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,858. Here are the most affordable Grand Reserve apartments for rent in Algonquin, IL:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Algonquin Square Apartment Homes | The Gillilan | 1BR,1BA | $1,762 |
Randall Village | The Monet | 1BR,1BA | $1,858 |
Riverwalk on Main | Ashcroft | 1BR,1BA | $2,185 |
Best Value Apartments for Rent in Grand Reserve, IL
As of October 13, 2025 the best value apartment in the Grand Reserve area is the $2.06 price per square foot Arbordale Model at Riverwalk on Main in the in the Park Place neighborhood starting from $2,340. The second greatest value Grand Reserve apartment is the The Cornish Model at Algonquin Square Apartment Homes starting at $1,855 with a $2.23 price per square foot in the Arrowhead 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. |
---|---|---|---|
Riverwalk on Main | Arbordale | 1BR,1BA | $2.06 |
Algonquin Square Apartment Homes | The Cornish | 1BR,1BA | $2.23 |
Randall Village | The Monet | 1BR,1BA | $2.24 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleGrand Reserve, Algonquin, IL
Ranked #5
Among cities in Illinois for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Best Local Schools in Grand Reserve, Algonquin, IL
Harry D Jacobs High School
Westfield Community School
School data provided by Great Schools
Getting Around the Grand Reserve Neighborhood in Algonquin, IL
Walk Score®
33 / 100
Car-Dependent
Most errands require a car
Bike Score®
57 / 100
Bikeable
Some bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $1,762 at Algonquin Square Apartment Homes.
What is the lowest price for a Cheap Two Bedroom Grand Reserve Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Grand Reserve is starting from $2,250 at Riverwalk on Main.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.