Cheap Homes for Rent in Grant Park Neighborhood of Chicago, IL from $1,800 (78 Rentals)

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property at 40 E 9th St

40 E 9th St

ChicagoIL60605

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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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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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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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 $1,348. 2101 Michigan has the second lowest priced unit, which is a Studio apartment currently listed from $1,744. Here are the most affordable Grant Park apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
21st Street Lofts by 3L LivingStudio - BStudio,1BA$1,348
2101 MichiganStudioStudio,1BA$1,744
30 East RooseveltER_1x11BR,1BA$1,750
Park Michigan - 1212 S Michigan AveStudio 1ba 09Studio,1BA$1,966
ELEVEN THIRTYTier 5/11 (1BR/1BA)1BR,1BA$2,083
The AlfredB7Studio,1BA$2,140
Aspire ResidencesAsp_1b_091BR,1BA$2,145
CoevalV2Studio,1BA$2,209
Arrive Michigan AvenueS5Studio,1BA$2,335
Sentral Michigan AvenueA11BR,1BA$2,393

Best Value Apartments for Rent in Grant Park, IL

As of September 21, 2025 the best value apartment in the Grant Park area is the $3.59 price per square foot H1 Model at 1400 Wabash in the in the Near South Side neighborhood starting from $4,727. 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.
1400 WabashH13BR,2BA$3.59
320 E 21st St, Unit 503320 E 21st St2BR,1BA$2.75
Arrive LEXCongress2BR,1BA$3.27
1150 S Michigan Ave, Unit 11150 S Michigan Ave1BR,1BA$3.19
Arrive Michigan Avenue1B-21BR,1BA$3.78
NevesenoO191BR,1BA$3.61
Arrive South LoopCicero1BR,1BA$3.59
30 East RooseveltER_1x11BR,1BA$3.03
Park Michigan - 1212 S Michigan AveStudio 1ba 09Studio ,1BA$3.45
Aspire ResidencesAsp_1b_091BR,1BA$3.78

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 #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 117 Apartments for Rent in Grant Park, IL with pricing that ranges from $1,348 to $41,967. There are also 206 Single Family Homes for rent, Condos, and Townhome rentals currently available in Grant Park ranging from $1,800 to $12,000.

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 $1,800 to $12,000 with an average monthly rent of $4,874.

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 $4,495 to $28,514, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,100 to $11,800. Four Bedroom Single-Family rentals are also available starting from $8,500 and Four Bedroom Apartments start at $10,000.

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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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.