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Cheap Apartments for Rent in the Grant Park Neighborhood of Chicago, IL from $900 (23 Rentals)
Search the lowest-cost Apartments available for rent right now in the Grant Park area of Chicago.
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$1,450 - $1,495Studio to 3 Bedroom Apartments Available Now
Pittsfield Apartments
55 E Washington StChicago, IL 60602
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$1,6501 Bedroom Apartments Available Jan 11, 2026
1212 S Michigan Ave
1212 S Michigan AveChicago, IL 60605
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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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Rent Specials
$1,744 - $2,965Studio to 3 Bedroom Apartments Available Now
2101 Michigan
2101 S Michigan AveChicago, IL 60616
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$1,750 - $1,8501 Bedroom Apartments Available Now
30 East Roosevelt
30 E Roosevelt RdChicago, IL 60605
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Rent Specials
$1,794 - $5,265Studio to 2 Bedroom Apartments Available Now
Eleven40
1140 So Wabash AveChicago, IL 60605
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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Rent Specials
$1,825 - $3,235Studio to 2 Bedroom Apartments Available Now
The Alfred
30 E Adams StChicago, IL 60603
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$1,863 - $3,887Studio to 2 Bedroom Apartments Available Now
Park Michigan - 1212 S Michigan Ave
1212 S Michigan AveChicago, IL 60605
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$1,884 - $7,775Studio to 3 Bedroom Apartments Available Now
1407 on Michigan
1407 S Michigan AveChicago, IL 60605
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Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago
Learn about the best things about living in Chicago from a local in the Insiders Guide to Renting in Chicago. Find your perfect Chicago apartment today!
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Showing Results 1-23, Page 1 of 1
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 | $2,115 | $1,380 | $3,580 |
| Grant Park 1 Bedroom Apartments | $2,611 | $1,380 | $4,470 |
| Grant Park 2 Bedroom Apartments | $3,966 | $1,690 | $10,000+ |
| Grant Park 3 Bedroom Apartments | $8,259 | $2,965 | $10,000+ |
| Grant Park 4 Bedroom Apartments | $14,715 | $9,280 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 23 rentals with your search options within a 2 mile radius of the Grant Park Neighborhood of Chicago, IL.
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Grant Park, Chicago, IL Local Guide
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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 Pittsfield Apartments priced from $1,450. ELEVEN THIRTY has the second lowest priced unit, which is a Studio apartment currently listed from $1,697. Here are the most affordable Grant Park apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Pittsfield Apartments | Studio - Style H | Studio,1BA | $1,450 |
| ELEVEN THIRTY | Tier 6/12 (Studio) | Studio,1BA | $1,697 |
| 21st Street Lofts by 3L Living | One Bed Loft - E | 1BR,1BA | $1,739 |
| 2101 Michigan | Studio | Studio,1BA | $1,744 |
| 30 East Roosevelt | ER_1x1 | 1BR,1BA | $1,750 |
Best Value Apartments for Rent in Grant Park, IL
As of November 06, 2025 the best value apartment in the Grant Park area is the $2.29 price per square foot 1462 S Michigan Ave Model at 1462 S Michigan Ave, Unit 2203 in the in the Near South Side neighborhood starting from $2,750. The second greatest value Grant Park apartment is the 1100 S Michigan Ave Model at 1100 S Michigan Ave, Unit 2704 starting at $3,771 with a $3.28 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. |
|---|---|---|---|
| 1462 S Michigan Ave, Unit 2203 | 1462 S Michigan Ave | 2BR,2BA | $2.29 |
| 1100 S Michigan Ave, Unit 2704 | 1100 S Michigan Ave | 2BR,2BA | $3.28 |
| Coeval | C6 | 2BR,2BA | $2.93 |
| 320 E 21st St, Unit 503 | 320 E 21st St | 2BR,1BA | $2.70 |
| Arrive LEX | Congress | 2BR,1BA | $3.41 |
| 55 E Monroe St, Unit 4618 | 55 E Monroe St | 1BR,1BA | $3.29 |
| Arrive South Loop | Devon | 1BR,1BA | $3.46 |
| Park Michigan - 1212 S Michigan Ave | 1bd 1ba 06 | 1BR,1BA | $3.45 |
| 30 East Roosevelt | ER_1x1 | 1BR,1BA | $3.03 |
| 21st Street Lofts by 3L Living | One Bed Loft - E | 1BR,1BA | $3.04 |
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.
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 ArticleThe 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.
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 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.
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Pet Friendly LifestyleGrant Park, Chicago, IL
Ranked #36
Among cities in Illinois for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Getting Around the Grant Park Neighborhood in Chicago, IL
Walk Score®
96 / 100
Walker’s Paradise
Daily errands do not require a car
Bike Score®
86 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
98 / 100
Rider’s Paradise
World-class public transportation
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $1,958.
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 $1,739, while the average apartment in Grant Park costs $32,932.
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 35 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 $450 which is $32,482 cheaper than the average rent for all rentals in Grant Park.
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.
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.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
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.