Cheap Homes for Rent in Grant Park Neighborhood of Chicago, IL from $1,500 (57 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

$1,600 - $2,000

Studio To 1 Bedroom Rentals

Available Now

40 E 9th St

ChicagoIL60605

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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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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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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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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 Pittsfield Apartments priced from $1,695. Eleven40 has the second lowest priced unit, which is a Studio apartment currently listed from $1,731. Here are the most affordable Grant Park apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Pittsfield ApartmentsStudio - Style AStudio,1BA$1,695
Eleven40S3Studio,1BA$1,731
2101 MichiganStudioStudio,1BA$1,744
30 East RooseveltER_1x11BR,1BA$1,750
CoevalS1.LStudio,1BA$1,825
1407 on MichiganS2Studio,1BA$1,875
Park Michigan - 1212 S Michigan AveConv 03 05 07 09Studio,1BA$2,019
The AlfredA3Studio,1BA$2,065
Aspire ResidencesAsp_1b_031BR,1BA$2,095
ELEVEN THIRTYTier 6/12 (Studio)Studio,1BA$2,101

Best Value Apartments for Rent in Grant Park, IL

As of January 02, 2026 the best value apartment in the Grant Park area is the $2.06 price per square foot 100 E 14th St Model at 100 E 14th St, Unit 304 in the in the Near South Side neighborhood starting from $3,289. The second greatest value Grant Park apartment is the Taylor Loft Model at Arrive South Loop starting at $3,095 with a $3.45 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.
100 E 14th St, Unit 304100 E 14th St3BR,2BA$2.06
Arrive South LoopTaylor Loft2BR,2BA$3.45
Student | The Flats East West3x23BR,2BA$1.23
NevesenoO241BR,1BA$3.68
Arrive LEXBelden1BR,1BA$3.29
1100 S Michigan Ave, Unit 38021100 S Michigan Ave1BR,1BA$3.28
1619 S Michigan Ave, Unit 2021619 S Michigan Ave1BR,1BA$3.63
30 East RooseveltER_1x11BR,1BA$3.03
Park Michigan - 1212 S Michigan AveConv 03 05 07 09Studio ,1BA$3.54
The AlfredA3Studio ,1BA$3.81

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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The 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.

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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.

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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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Quick 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 Lifestyle
Grant Park, Chicago, IL

Ranked #38

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 121 Apartments for Rent in Grant Park, IL with pricing that ranges from $1,310 to $28,307. There are also 189 Single Family Homes for rent, Condos, and Townhome rentals currently available in Grant Park ranging from $1,590 to $8,250.

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 $1,590 to $8,250 with an average monthly rent of $4,122.

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 $2,965 to $24,441, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,600 to $7,300. Four Bedroom Single-Family rentals are also available starting from $8,250 and Four Bedroom Apartments start at $9,078.

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

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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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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.

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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.

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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

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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!