Cheap Homes for Rent in Grant Park Neighborhood of Chicago, IL from $1,700 (84 Rentals)

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

property at 40 E 9th St

40 E 9th St

ChicagoIL60605
Showing Results 1-50, Page 1 of 2

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 Pittsfield Apartments priced from $1,450. 21st Street Lofts by 3L Living has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,739. Here are the most affordable Grant Park apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Pittsfield ApartmentsStudio - Style HStudio,1BA$1,450
21st Street Lofts by 3L LivingOne Bed Loft - E1BR,1BA$1,739
2101 MichiganStudioStudio,1BA$1,744
30 East RooseveltER_1x11BR,1BA$1,750
The AlfredB5Studio,1BA$1,825
Park Michigan - 1212 S Michigan AveStudio 1ba 07Studio,1BA$1,855
Eleven40S3Studio,1BA$1,869
1407 on MichiganS1Studio,1BA$1,958
Aspire ResidencesAsp_1b_091BR,1BA$2,175
ELEVEN THIRTYTier 08 (1BR/1BA)1BR,1BA$2,197

Best Value Apartments for Rent in Grant Park, IL

As of November 10, 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 ListingModel NameBed/BathPrice Per Sq.Ft.
1462 S Michigan Ave, Unit 22031462 S Michigan Ave2BR,2BA$2.29
1100 S Michigan Ave, Unit 27041100 S Michigan Ave2BR,2BA$3.28
320 E 21st St, Unit 503320 E 21st St2BR,1BA$2.70
Arrive LEXCongress2BR,1BA$3.42
55 E Monroe St, Unit 461855 E Monroe St1BR,1BA$3.29
CoevalA61BR,1BA$3.43
ELEVEN THIRTYTier 5/11 (1BR/1BA)1BR,1BA$3.43
Park Michigan - 1212 S Michigan Ave1bd 1ba 061BR,1BA$3.43
30 East RooseveltER_1x11BR,1BA$3.03
21st Street Lofts by 3L LivingOne Bed Loft - E1BR,1BA$3.04

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Pet Friendly Lifestyle
Grant Park, Chicago, IL

Ranked #36

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 Grant Park

What type of rentals are currently available in Grant Park?

There are currently 120 Apartments for Rent in Grant Park, IL with pricing that ranges from $1,380 to $34,255. There are also 201 Single Family Homes for rent, Condos, and Townhome rentals currently available in Grant Park ranging from $1,700 to $10,850.

What is the current price range for Rental Homes in Grant Park?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Grant Park ranges from $1,700 to $10,850 with an average monthly rent of $3,255.

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago article

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.

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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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

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.