Cheap Homes for Rent in Grant Park Neighborhood of Chicago, IL from $1,700 (47 Rentals)

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

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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 $1,482. 820 Michigan by 3L Living has the second lowest priced unit, which is a Studio apartment currently listed from $1,726. Here are the most affordable Grant Park apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
21st Street Lofts by 3L LivingStudio - AStudio,1BA$1,482
820 Michigan by 3L LivingStudio NorthStudio,1BA$1,726
30 East RooseveltER_1x11BR,1BA$1,750
1407 on MichiganS3Studio,1BA$1,901
ELEVEN THIRTYTier 6/12 (Studio)Studio,1BA$1,998
Park Michigan - 1212 S Michigan Ave1bd 1ba 121BR,1BA$2,022
2101 Michigan1 Bed 1 Bath A1BR,1BA$2,045
The AlfredA3Studio,1BA$2,125
Aspire ResidencesAsp_1b_121BR,1BA$2,250

Best Value Apartments for Rent in Grant Park, IL

As of August 03, 2025 the best value apartment in the Grant Park area is the $2.33 price per square foot 2000 S Wabash Ave Model at 2000 S Wabash Ave, Unit 2 in the in the Near South Side neighborhood starting from $2,800. The second greatest value Grant Park apartment is the 320 E 21st St Model at 320 E 21st St, Unit 503 starting at $2,750 with a $2.75 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.
2000 S Wabash Ave, Unit 22000 S Wabash Ave3BR,1BA$2.33
320 E 21st St, Unit 503320 E 21st St2BR,1BA$2.75
Arrive South LoopOgden Loft2BR,2BA$3.15
1150 S Michigan Ave, Unit 11150 S Michigan Ave1BR,1BA$3.23
Aspire ResidencesAsp_1b_121BR,1BA$3.10
NevesenoO91BR,1BA$3.70
Park Michigan - 1212 S Michigan Ave1bd 1ba 111BR,1BA$3.30
Eleven40A21BR,1BA$3.74
30 East RooseveltER_1x11BR,1BA$3.03
2101 Michigan1 Bed 1 Bath A1BR,1BA$3.84

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Frequently Asked Questions about Grant Park

What type of rentals are currently available in Grant Park?

There are currently 124 Apartments for Rent in Grant Park, IL with pricing that ranges from $1,412 to $17,176. There are also 164 Single Family Homes for rent, Condos, and Townhome rentals currently available in Grant Park ranging from $1,795 to $13,200.

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 $1,795 to $13,200 with an average monthly rent of $5,118.

How much are larger Three and Four Bedroom Rentals in Grant Park?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Grant Park range from $2,800 to $17,176, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,100 to $12,635. Four Bedroom Single-Family rentals are also available starting from $8,500 and Four Bedroom Apartments start at $8,784.

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.

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