
Cheap 1 Bedroom Apartments for Rent in the Grant Park Neighborhood of Chicago, IL from $1,569 (43 Rentals)


30 East Roosevelt

1210 S Michigan Ave

Total Monthly Price
Coeval

820 Michigan by 3L Living

1322 S Wabash Ave

Park Michigan - 1212 S Michigan Ave

Aspire
Genius Ideas and Studio Layout Tips That Maximize Every Square Inch
Transform your studio apartment layout and maximize storage. Get proven ideas from a 20-year property expert to make any small space stylish and functional.

Pittsfield Apartments

910 S Michigan Ave

5 N Wabash Ave

55 E 14th St

Total Monthly Price
Neveseno

1720 S Michigan Ave, Unit 2513, Unit 2513

Total Monthly Price
30 E Roosevelt Rd, Unit SI FL8-ID804

1345 S Wabash Ave, Unit 908, Unit 908
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Create a productive work-from-home apartment setup, even in a small space or studio. Discover layout ideas, desk solutions, and organization tips that actually work.

2110 S Wabash Ave

2099 S Wabash Ave

1323 S Wabash Ave

1342 S Wabash Ave

400 E Randolph St, Unit 2402, Unit 2402

1720 S Michigan Ave, Unit 509, Unit 509

1717 S Prairie Ave, Unit 1307, Unit 1307

Total Monthly Price
1212 S Michigan Ave, Unit SI FL14-ID1116
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.

1307 Michigan Ave

1305 S Michigan Ave

2117 S Wabash Ave

1440 S Michigan Ave, Unit 2

1257 S Michigan Ave

1400 S Michigan Ave

1111 S Wabash Ave, Unit 1605, Unit 1605

Total Monthly Price
1442 S Michigan Ave, Unit 1440-213, Unit 1440-213
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.

1251 S Michigan - Senior Living

Vesta Lofts Apartments

30 E Roosevelt Rd

28 E Adams St

400 E Randolph St, Unit 3712, Unit 3712

2025 S Indiana Ave

1345 S Wabash Ave

1160 S Michigan Ave
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

400 E Randolph St

1720 S Michigan Ave

1323 S Michigan Ave
Grant Park, Chicago, IL Local Guide

How much does it cost to rent an apartment in Grant Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Grant Park Studio Apartments | $2,142 | $1,399 | $3,084 |
Grant Park 1 Bedroom Apartments | $2,643 | $1,569 | $9,299 |
| Grant Park 2 Bedroom Apartments | $3,902 | $1,790 | $10,000+ |
| Grant Park 3 Bedroom Apartments | $4,701 | $999 | $10,000+ |
| Grant Park 4 Bedroom Apartments | $1,801 | $999 | $10,000+ |
Explore Chicago
Grant Park, Chicago, IL Local Guide
- Nearby Chicago neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 ArticleBest Neighborhoods to Rent in Near Chicago's Top Employers: A Guide for Renters
A Local Expert's Guide to The 10 Best Chicago Neighborhoods near Major Local Employers. Find your perfect Chicago, IL apartment, condo, or rental home today at ApartmentHomeLiving.com
Read ArticleA Local Expert's Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago
A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Chicago, IL metro area for affordable living. Find your perfect Chicago Student apartment, condo, or rental home today at ApartmentHomeliving.com
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.
Pet Friendly LifestyleGrant Park, Chicago, IL
Ranked #41
Among cities in Illinois for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Frequently Asked Questions about Cheap Grant Park Apartments
What is a cheap apartment in Grant Park?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Grant Park is under $2,329.
What is the price of a cheap apartment in Grant Park?
The cheapest apartment in Grant Park is 21st Street Lofts by 3L Living which is listed at $1,569, while the average apartment in Grant Park costs $3,498.
What types of apartments are the cheapest in Grant Park?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 32 regular apartments in Grant Park that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Grant Park?
Cheap apartments in Grant Park have an average cost of $1,080 which is $2,418 cheaper than the average rent for all rentals in Grant Park.
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.
Helpful Local Expert Guides

A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago
Written by: Nicole Harms
I’m Nicole, your ApartmentHomeLiving.com Local Expert for Chicago, IL. As a resident of the Chicago area for over 20 years, I’ve learned which neighborhoods are great and which are best avoided.

Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago
Written by: Nicole Harms
With world-class museums lining its streets, Chicago is a place people go to learn. It’s not surprising, therefore, that it’s also home to multiple colleges and universities with national and global reputations.

Best Neighborhoods to Rent in Near Chicago's Top Employers
Written by: Nicole Harms
Whenever life takes me into the city, I’m always impressed with the sheer amount of industry and commerce that it holds. With all of that commerce comes a wide range of employment options.

Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago
Written by: Nicole Harms
From Lake Shore Drive to the O’Hare Airport, the city of Chicago is a study in diversity, resilience, and culture.
Articles, How-To's, and Tips

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.