close
View Me
$1,399 - $2,459Studio to 2 Bedroom Apartments Available Now
21st Street Lofts by 3L Living
61 E 21st StChicago, IL 60616
Cheap Apartments for Rent in the Grant Park Neighborhood of Chicago, IL from $900 (59 Rentals)
Search the lowest-cost Apartments available for rent right now in the Grant Park area of Chicago.
close
View Me
$1,595 - $3,295Studio to 3 Bedroom Apartments Available Now
Pittsfield Apartments
55 E Washington StChicago, IL 60602
close
View Me
$1,650 - $1,850Studio to 1 Bedroom Apartments Available Now
30 East Roosevelt
30 E Roosevelt RdChicago, IL 60605
close
View Me
$1,669 - $2,699Studio to 2 Bedroom Apartments Available Now
820 Michigan by 3L Living
820 S Michigan AveChicago, IL 60605
close
View Me
Rent Specials
$1,815Studio to 3 Bedroom Apartments Available Now
2101 Michigan
2101 S Michigan AveChicago, IL 60616
close
View Me
close
View Me
$1,901 - $3,568Studio to 2 Bedroom Apartments Available Now
Park Michigan - 1212 S Michigan Ave
1212 S Michigan AveChicago, IL 60605
close
View Me
$1,919 - $4,868Studio to 2 Bedroom Apartments Available Now
Eleven40
1140 So Wabash AveChicago, IL 60605
65 E 14th St
ChicagoIL60605
close
View Me
$1,922 - $9,349Studio to 3 Bedroom Apartments Available Now
1407 on Michigan
1407 S Michigan AveChicago, IL 60605
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.
close
View Me
Rent Specials
$1,949 - $5,611
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,949 - $5,611
Total Monthly Price
Varies
Coeval
51 E 14th StChicago, IL 60605
1171 S Michigan Ave
ChicagoIL60605
130 N Garland Ct
ChicagoIL60602
close
View Me
$2,010
Total Monthly Price
Studio Apartments Available Nov 16Total Monthly Price
Base Rent
$2,010
Total Monthly Price
$2,010
1000 S Michigan Ave, Unit SI FL25-ID1349
1000 S Michigan AveChicago, IL 60605
1210 S Michigan Ave
ChicagoIL60605
1322 S Wabash Ave
ChicagoIL60605
close
View Me
$2,128 - $7,568
Total Monthly Price
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$2,128 - $7,568
Total Monthly Price
Varies
1400 Wabash
1400 S Wabash AveChicago, IL 60605
1400 S Michigan Ave, Unit 27G, Unit 27G
1400 S Michigan Ave
ChicagoIL60605
2110 S Wabash Ave
ChicagoIL60616
close
View Me
$2,175 - $4,2001 to 3 Bedroom Apartments Available Now
Aspire
2111 S Wabash AveChicago, IL 60616
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.
910 S Michigan Ave
ChicagoIL60605
55 E 14th St
ChicagoIL60605
close
View Me
$2,275 - $8,740
Total Monthly Price
1 to 4 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$2,275 - $8,740
Total Monthly Price
Varies
Neveseno
1717 S Michigan AveChicago, IL 60616
close
View Me
$2,290
Total Monthly Price
2 Bedroom Apartments Available Sep 1Total Monthly Price
Base Rent
$2,290
Total Monthly Price
$2,290
30 E Roosevelt Rd, Unit SI FL3-ID808
30 E Roosevelt RdChicago, IL 60605
1720 S Michigan Ave, Unit 2513, Unit 2513
1720 S Michigan Ave
ChicagoIL60616
close
View Me
$2,300
Total Monthly Price
1 Bedroom Apartments Available Aug 9Total Monthly Price
Base Rent
$2,300
Total Monthly Price
$2,300
30 E Roosevelt Rd, Unit SI FL8-ID804
30 E Roosevelt RdChicago, IL 60605
1345 S Wabash Ave, Unit 908, Unit 908
1345 S Wabash Ave
ChicagoIL60605
1201 S Prairie Ave
ChicagoIL60605
2099 S Wabash Ave
ChicagoIL60616
1323 S Wabash Ave
ChicagoIL60605
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.
close
View Me
$2,340
Total Monthly Price
Studio Apartments Available Aug 18Total Monthly Price
Base Rent
$2,340
Total Monthly Price
$2,340
1407 S Michigan Ave, Unit SI FL12-ID856
1407 S Michigan AveChicago, IL 60605
1342 S Wabash Ave
ChicagoIL60605
400 E Randolph St, Unit 2402, Unit 2402
400 E Randolph St
ChicagoIL60601
1720 S Michigan Ave, Unit 509, Unit 509
1720 S Michigan Ave
ChicagoIL60616
1717 S Prairie Ave, Unit 1307, Unit 1307
1717 S Prairie Ave
ChicagoIL60616
close
View Me
$2,380
Total Monthly Price
1 Bedroom Apartments Available Aug 17, 2030Total Monthly Price
Base Rent
$2,380
Total Monthly Price
$2,380
1212 S Michigan Ave, Unit SI FL14-ID1116
1212 S Michigan AveChicago, IL 60605
1307 Michigan Ave
ChicagoIL60605
close
View Me
$2,389 - $15,200Studio to 4 Bedroom Apartments Available Now
Parkline Chicago
60 E Randolph StChicago, IL 60601
1305 S Michigan Ave
ChicagoIL60605
1440 S Michigan Ave, Unit 2
1440 S Michigan Ave
ChicagoIL60605
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.
1257 S Michigan Ave
ChicagoIL60605
2117 S Wabash Ave
ChicagoIL60616
close
View Me
$2,400
Total Monthly Price
1 Bedroom Apartment Available Jun 1Total Monthly Price
Base Rent
$2,400
Total Monthly Price
$2,400
1442 S Michigan Ave, Unit 1440-213, Unit 1440-213
1442 S Michigan AveChicago, IL 60605
1111 S Wabash Ave, Unit 1605, Unit 1605
1111 S Wabash Ave
ChicagoIL60605
1400 S Michigan Ave
ChicagoIL60605
close
View Me
Studio to 1 Bedroom Apartments
1251 S Michigan - Senior Living
1251 S Michigan AveChicago, IL 60605
close
View Me
Studio to 2 Bedroom Apartments
ELEVEN THIRTY
1130 S Michigan AveChicago, IL 60605
close
View Me
Studio to 3 Bedroom Apartments
Vesta Lofts Apartments
125 E 21st StChicago, IL 60616
30 E Roosevelt Rd
ChicagoIL60605
28 E Adams St
ChicagoIL60603
Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible
Looking for a rental near Chicago? These five cities offer excellent options! From small-town charm to excellent business options, you can't go wrong!
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+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 59 rentals with your search options within a 2 mile radius of the Grant Park Neighborhood of Chicago, IL.
See all Apartments in ChicagoExplore Chicago
Grant Park, Chicago, IL Local Guide
- Nearby Chicago neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Grant Park Apartments for Rent
The cheapest available apartment rental in the Grant Park area of Chicago, IL is a Studio unit found at 21st Street Lofts by 3L Living priced from $1,399. The Alfred has the second lowest priced unit, which is a Studio apartment currently listed from $1,795. Here are the most affordable Grant Park apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 21st Street Lofts by 3L Living | Studio - A | Studio,1BA | $1,399 |
| The Alfred | A3 | Studio,1BA | $1,795 |
| 2101 Michigan | Studio | Studio,1BA | $1,815 |
| 30 East Roosevelt | ER_1x1 | 1BR,1BA | $1,850 |
| Coeval | S2.L | Studio,1BA | $1,954 |
| 820 Michigan by 3L Living | 1 Bedroom East | 1BR,1BA | $2,058 |
| Park Michigan - 1212 S Michigan Ave | 1bd 1ba 11 | 1BR,1BA | $2,145 |
| 1400 Wabash | S1 | Studio,1BA | $2,188 |
| Sentral Michigan Avenue | Deluxe Loft | Studio,1BA | $2,237 |
| Arrive Michigan Avenue | S4 | Studio,1BA | $2,329 |
Best Value Apartments for Rent in Grant Park, IL
As of May 23, 2026 the best value apartment in the Grant Park area is the $3.29 price per square foot asp3b01p Model at Aspire in the in the Near South Side neighborhood starting from $4,200. The second greatest value Grant Park apartment is the Two Bedroom b1 Model at ONE333 starting at $3,489 with a $3.55 price per square foot in the Near South Side neighborhood. Here is today’s list of the best values for Grant Park apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Aspire | asp3b01p | 3BR,2BA | $3.29 |
| ONE333 | Two Bedroom b1 | 2BR,2BA | $3.55 |
| SKY55 | 1D Penthouse | 1BR,1BA | $3.90 |
| Arrive South Loop | Jarvis | 1BR,1BA | $3.49 |
| Neveseno | O18 | 1BR,1BA | $3.86 |
| Park Michigan - 1212 S Michigan Ave | 1bd 1ba 11 | 1BR,1BA | $3.17 |
| ELEVEN THIRTY | Tier 5/11 (1BR/1BA) | 1BR,1BA | $3.98 |
| 30 East Roosevelt | ER_1x1 | 1BR,1BA | $3.21 |
| The Alfred | A2 | Studio ,1BA | $3.68 |
| 820 Michigan by 3L Living | 1 Bedroom East | 1BR,1BA | $3.83 |
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 Article
Best 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.
Let everyone know!
Do you know the Grant Park area?
If you’re an expert on all things Grant Park, tell us what you love (and don't) by rating it and writing a review.
Write a Review
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.