Cheap Homes for Rent in Grand Reserve Neighborhood of Algonquin, IL from $1,700 (9 Rentals)

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Search the lowest-cost Homes available for rent right now in the Grand Reserve area of Algonquin.

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Grand Reserve, Algonquin, IL Local Guide

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 $1,634. Algonquin Square Apartment Homes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,865. Here are the most affordable Grand Reserve apartments for rent in Algonquin, IL:

Apartment ListingModel NameBed/BathPriced From
Randall VillageThe Monet1BR,1BA$1,634
Algonquin Square Apartment HomesThe Cornish1BR,1BA$1,865
Riverwalk on MainAshcroft1BR,1BA$1,975

Best Value Apartments for Rent in Grand Reserve, IL

As of October 26, 2025 the best value apartment in the Grand Reserve area is the $2.07 price per square foot Ballard Model at Riverwalk on Main in the in the Park Place neighborhood starting from $2,350. The second greatest value Grand Reserve apartment is the The Cornish Model at Algonquin Square Apartment Homes starting at $1,865 with a $2.24 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Riverwalk on MainBallard2BR,2BA$2.07
Algonquin Square Apartment HomesThe Cornish1BR,1BA$2.24
Randall VillageThe Chagall1BR,1BA$2.32

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Quick 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.

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Pet Friendly Lifestyle
Grand Reserve, Algonquin, IL

Ranked #5

Among cities in Illinois for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Best Local Schools in
Grand Reserve, Algonquin, IL

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 $1,634 to $18,390. There are also 45 Single Family Homes for rent, Condos, and Townhome rentals currently available in Grand Reserve ranging from $1,750 to $4,300.

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 $1,750 to $4,300 with an average monthly rent of $2,486.

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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.

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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.