
Cheap Homes for Rent in Grand Reserve Neighborhood of Algonquin, IL from $1,300 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the Grand Reserve area of Algonquin.


1353 Cunat Ct

1380 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.

302 Pocahontas Trail

3173 Impressions Dr

1104 Isabel Ave
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.

10043 Haverhill Ln
Grand Reserve, Algonquin, IL Local Guide

How much does it cost to rent a home in Grand Reserve?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Grand Reserve 2 Bedroom Homes for Rent | $2,202 | $1,800 | $2,475 |
| Grand Reserve 3 Bedroom Homes for Rent | $2,668 | $1,950 | $3,650 |
| Grand Reserve 4 Bedroom Homes for Rent | $4,150 | $4,150 | $4,150 |
| Grand Reserve 5 Bedroom Homes for Rent | $5,400 | $5,400 | $5,400 |
Browse Homes for Rent in this Neighborhood
There are currently 7 rentals with your search options within a 3 mile radius of the Grand Reserve Neighborhood of Algonquin, IL.
Explore Algonquin
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 $1,840. Algonquin Square Apartment Homes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,897. Here are the most affordable Grand Reserve apartments for rent in Algonquin, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Randall Village | The Chagall | 1BR,1BA | $1,840 |
| Algonquin Square Apartment Homes | The Gillilan | 1BR,1BA | $1,897 |
| Riverwalk on Main | Ballard | 2BR,2BA | $2,550 |
Best Value Apartments for Rent in Grand Reserve, IL
As of June 12, 2026 the best value apartment in the Grand Reserve area is the $2.47 price per square foot Ravello Model at Conservancy at Gilberts in the in the Square Barn Road School Campus neighborhood starting from $3,325. The second greatest value Grand Reserve apartment is the Ballard Model at Riverwalk on Main starting at $2,550 with a $2.25 price per square foot in the Park Place 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. |
|---|---|---|---|
| Conservancy at Gilberts | Ravello | 3BR,2BA | $2.47 |
| Riverwalk on Main | Ballard | 2BR,2BA | $2.25 |
| Algonquin Square Apartment Homes | The Gillilan | 1BR,1BA | $2.39 |
| Randall Village | The Chagall | 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 Grand Reserve, Algonquin, IL
Harry D Jacobs High School
Westfield Community School
School data provided by Great Schools
Frequently Asked Questions about Grand Reserve
What type of rentals are currently available in Grand Reserve?
There are currently 27 Apartments for Rent in Grand Reserve, IL with pricing that ranges from $1,840 to $17,896. There are also 28 Single Family Homes for rent, Condos, and Townhome rentals currently available in Grand Reserve ranging from $1,395 to $5,400.
What is the current price range for Rental Homes in Grand Reserve?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Grand Reserve ranges from $1,395 to $5,400 with an average monthly rent of $3,163.
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

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.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.