Cheap Homes for Rent in Grant Park Neighborhood of Chicago, IL from $1,700 (46 Rentals)

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

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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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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property at 40 E 9th St

40 E 9th St

ChicagoIL60605

Chicago's Best Affordable Neighborhoods

Learn about Chicago and the best places to live with original content written by our Chicago, IL Local Expert Nicole Harms

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property at 320 E 21st St

320 E 21st St

ChicagoIL60616
Showing Results 1-46, Page 1 of 1

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 4 Beds unit found at Buckingham priced from $1,149. 21st Street Lofts by 3L Living has the second lowest priced unit, which is a Studio apartment currently listed from $1,399. Here are the most affordable Grant Park apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Buckingham4x2. Floors 3-134BR,2BA$1,149
21st Street Lofts by 3L LivingStudio - BStudio,1BA$1,399
30 East RooseveltER_Sx1Studio,1BA$1,700
820 Michigan by 3L LivingStudio EastStudio,1BA$1,719
ELEVEN THIRTYTier 6/12 (Studio)Studio,1BA$1,799
Park Michigan - 1212 S Michigan AveStudio 1ba 03Studio,1BA$1,916
CoevalV2Studio,1BA$1,989
2101 Michigan1 Bed 1 Bath B1BR,1BA$2,045
Aspire ResidencesAsp_1b_091BR,1BA$2,175

Best Value Apartments for Rent in Grant Park, IL

As of June 05, 2025 the best value apartment in the Grant Park area is the $1.63 price per square foot 4x2. Floors 19-21 Model at Buckingham in the in the Chicago Loop neighborhood starting from $1,759. The second greatest value Grant Park apartment is the T3 Model at 1400 Wabash starting at $2,890 with a $3.19 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.
Buckingham4x2. Floors 19-214BR,2BA$1.63
1400 WabashT32BR,2BA$3.19
1150 S Michigan Ave, Unit 11150 S Michigan Ave1BR,1BA$3.10
1100 S Michigan Ave, Unit 19151100 S Michigan Ave1BR,1BA$3.42
Arrive LEXAberdeen1BR,1BA$3.41
NevesenoO81BR,1BA$3.93
2101 Michigan1 Bed 1 Bath B1BR,1BA$3.36
Park Michigan - 1212 S Michigan AveStudio 1ba 05Studio ,1BA$3.46
CoevalV2Studio ,1BA$3.82
30 East RooseveltER_Sx1Studio ,1BA$3.85

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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Frequently Asked Questions about Grant Park

What type of rentals are currently available in Grant Park?

There are currently 113 Apartments for Rent in Grant Park, IL with pricing that ranges from $1,399 to $16,990. There are also 184 Single Family Homes for rent, Condos, and Townhome rentals currently available in Grant Park ranging from $1,780 to $45,000.

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 $1,780 to $45,000 with an average monthly rent of $4,729.

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 $3,775 to $16,990, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,975 to $11,800. Four Bedroom Single-Family rentals are also available starting from $8,500 and Four Bedroom Apartments start at $9,366.

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.