Cheap Apartments for Rent in the Grant Park Neighborhood of Chicago, IL from $949 (111 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Grant Park area of Chicago.

The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago

Chicago may cost more than the national average, but with the right neighborhood, a smart transit strategy, and a few local insider tips, living well in the Windy City is more achievable than you might think. Our local expert breaks down everything from rent and groceries to transportation and healthcare so you can plan your move with confidence.

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property at 130 N Garland Ct

$2,000 - $2,100

Total Monthly Price

Total Monthly Price

Base Rent
$2,000 - $2,100
Total Monthly Price
$2,000 - $2,100

Studio, 1 Bath Condo for Rent

Available Now

130 N Garland Ct

ChicagoIL60602
property at 1400 S Michigan Ave

$2,000

Total Monthly Price

Total Monthly Price

Base Rent
$2,000
Total Monthly Price
$2,000

Studio, 1 Bath Condo for Rent

Available Now

1400 S Michigan Ave, Unit 27G

1400 S Michigan Ave
ChicagoIL60605
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Coeval
$2,054 - $5,635
Total Monthly Price

Total Monthly Price

Base Rent
$2,054 - $5,635
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Coeval

51 E 14th StChicago, IL 60605
Corporate Housing
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  • Customer Reviewed
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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!

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1400 Wabash
$2,140 - $7,568
Total Monthly Price

Total Monthly Price

Base Rent
$2,140 - $7,568
Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

1400 Wabash

1400 S Wabash AveChicago, IL 60605
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

Chicago Relocation 101: Mastering Utilities, Registration, and the CTA

Moving to Chicago? This essential relocation guide offers a complete checklist for new residents, covering finding the right neighborhood, setting up utilities (ComEd, People’s Gas), and mastering high-rise moving logistics and vehicle registration.

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property at 1307 S Wabash Ave

$2,200

Total Monthly Price

Total Monthly Price

Base Rent
$2,200
Total Monthly Price
$2,200

1 Bedroom, 1 Bath Condo for Rent

Available Now

1307 S Wabash Ave, Unit 305

1307 S Wabash Ave
ChicagoIL60605

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Grant Park, Chicago, IL Local Guide

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 $1,429. 30 East Roosevelt has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,750. Here are the most affordable Grant Park apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
21st Street Lofts by 3L LivingStudio - CStudio,1BA$1,429
30 East RooseveltER_1x11BR,1BA$1,750
820 Michigan by 3L Living1 Bedroom North1BR,1BA$2,079
Park Michigan - 1212 S Michigan Ave1bd 1ba 101BR,1BA$2,222
626 on the ParkS2Studio,1BA$2,299
ONE333One Bedroom a131BR,1BA$2,400
Vesta Lofts Apartments2 Bed/1 Bth2BR,1BA$2,400
Arrive LEXAdams1BR,1BA$2,409

Best Value Apartments for Rent in Grant Park, IL

As of August 22, 2026 the best value apartment in the Grant Park area is the $1.67 price per square foot 5B2B Model at 2010 S. Wabash Ave in the in the Near South Side neighborhood starting from $3,500. The second greatest value Grant Park apartment is the 2K Den w/ Balcony Model at SKY55 starting at $4,735 with a $3.24 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 ListingModel NameBed/BathPrice Per Sq.Ft.
2010 S. Wabash Ave5B2B5BR,2BA$1.67
SKY552K Den w/ Balcony2BR,2.5BA$3.24
Vesta Lofts Apartments3 Bed3BR,2BA$2.22
1400 WabashT92BR,2BA$3.23
Arrive South LoopBrighton Loft2BR,2BA$3.02
Park Michigan - 1212 S Michigan Ave2bd 2ba 012BR,2BA$3.17
2101 Michigan3 Bed 1 Bath3BR,1BA$3.14
30 East2 BEDROOM/2 BATHROOM - B32BR,2BA$2.32
1442 S Michigan Ave, Unit 1440-2131442 S Michigan Ave1BR,1BA$3.29
30 East RooseveltER_1x11BR,1BA$3.03

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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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

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A 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

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Real 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.

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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
Grant Park, Chicago, IL

Ranked #41

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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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 $2,409.

What is the price of a cheap apartment in Grant Park?

The cheapest apartment in Grant Park is 30 East Roosevelt which is listed at $1,750, while the average apartment in Grant Park costs $2,830.

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 25 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 $388 which is $2,442 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.

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