Cheap Homes for Rent in Arrowhead Neighborhood of Algonquin, IL from $1,500 (6 Rentals)

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

Arrowhead, Algonquin, IL Local Guide

Cheapest Available Arrowhead Apartments for Rent

 

The cheapest available apartment rental in the Arrowhead area of Algonquin, IL is a 1 Bed unit found at Eden Prairie Apartments priced from $1,315. Springs at Three Oaks has the second lowest priced unit, which is a Studio apartment currently listed from $1,620. Here are the most affordable Arrowhead apartments for rent in Algonquin, IL:

Apartment ListingModel NameBed/BathPriced From
Eden Prairie Apartments1 Bed 1 Bath Ground Level1BR,1BA$1,315
Springs at Three OaksSGO | Studio Grand OverlookStudio,1BA$1,620
Oakbrook Estates- Senior 55+ CommunityChampion Single Wide3BR,2BA$1,700

Best Value Apartments for Rent in Arrowhead, IL

As of March 23, 2025 the best value apartment in the Arrowhead area is the $1.85 price per square foot Meadowood Model at Redwood Crystal Lake in the in the Park Place neighborhood starting from $2,449. The second greatest value Arrowhead apartment is the Champion Single Wide Model at Oakbrook Estates- Senior 55+ Community starting at $1,700 with a $1.42 price per square foot in the Park Place neighborhood. Here is today’s list of the best values for Arrowhead apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Redwood Crystal LakeMeadowood2BR,2BA$1.85
Oakbrook Estates- Senior 55+ CommunityChampion Single Wide3BR,2BA$1.42
Riverwalk on MainBallard2BR,2BA$2.18
Residence of Fairway GreensCB121.5- Two Bedroom/One and Half Bath2BR,1.5BA$1.84
Randall VillageThe Renoir2BR,2BA$1.75
Water's EdgeThe Trail1BR,1BA$2.30
Haber Pointe Apartments2 Br / 1 Ba2BR,1BA$2.17
The Schoolhouse Apartments2 Bedroom2BR,1BA$2.17
Algonquin Square Apartment HomesThe Cornish1BR,1BA$2.22
Eden Prairie Apartments1 Bed 1 Bath Renovated1BR,1BA$2.12

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Frequently Asked Questions about Arrowhead

What type of rentals are currently available in Arrowhead?

There are currently 47 Apartments for Rent in Arrowhead, IL with pricing that ranges from $1,315 to $5,349. There are also 25 Single Family Homes for rent, Condos, and Townhome rentals currently available in Arrowhead ranging from $1,500 to $3,200.

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 $1,500 to $3,200 with an average monthly rent of $2,307.

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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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.