
Cheap Apartments for Rent in the Grant Park Neighborhood of Elgin, IL from $700 (56 Rentals)
Search the lowest-cost Apartments available for rent right now in the Grant Park area of Elgin.


Fountain Square

Fox River Crossing

Wing Park Residence

River's Landing Apartments

Royal Ridge Apartments

520 Lawrence Ave, Unit 2 second floor
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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.
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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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
Grant Park, Elgin, IL Local Guide

How much does it cost to rent an apartment in Grant Park?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Grant Park Studio Apartments | $1,141 | $1,025 | $1,225 |
Grant Park 1 Bedroom Apartments | $1,407 | $826 | $1,900 |
Grant Park 2 Bedroom Apartments | $1,733 | $967 | $3,100 |
Grant Park 3 Bedroom Apartments | $2,144 | $1,700 | $3,500 |
Browse Apartments in this Neighborhood
There are currently 56 rentals with your search options within a 2 mile radius of the Grant Park Neighborhood of Elgin, IL.
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Grant Park, Elgin, IL Local Guide
- Nearby Elgin neighborhoods
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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 Royal Ridge Apartments priced from $1,125. 39 Surrey Dr has the second lowest priced unit, which is a Studio apartment currently listed from $1,175. Here are the most affordable Grant Park apartments for rent in Chicago, IL:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Royal Ridge Apartments | Studio | Studio,1BA | $1,125 |
39 Surrey Dr | 39 Surrey | Studio,1BA | $1,175 |
Fountain Square | 1Bed/1Bath | 1BR,1BA | $1,900 |
Best Value Apartments for Rent in Grant Park, IL
As of July 15, 2025 the best value apartment in the Grant Park area is the $1.86 price per square foot 443 Jefferson Ave Model at 443 Jefferson Ave, Unit 3 in the in the West Ridge Village neighborhood starting from $1,675. The second greatest value Grant Park apartment is the 1Bed/1Bath Model at Fountain Square starting at $1,900 with a $2.32 price per square foot in the West Ridge Village neighborhood. Here is today’s list of the best values for Grant Park apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
443 Jefferson Ave, Unit 3 | 443 Jefferson Ave | 1BR,1BA | $1.86 |
Fountain Square | 1Bed/1Bath | 1BR,1BA | $2.32 |
39 Surrey Dr | 39 Surrey | Studio ,1BA | $1.88 |
Royal Ridge Apartments | Studio | Studio ,1BA | $2.25 |
Quick Rent Budget Calculator
How much rent can you afford?
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Pet Friendly LifestyleGrant Park, Elgin, IL
Ranked #21
Among neighborhoods in Elgin, IL for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Grant Park, Elgin, IL
School data provided by Great Schools
Lifestyle Ratings
This website works hard to bring you comprehensive Lifestyle Ratings of rentals in areas across the United States, including Elgin. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including searching for the best amenities, and the best proximity to parks and outdoor amenities, kid and pet-friendly communities, availability of transit options, and how walkable or bikeable each community and area is. These search options are in the site filters at the top of this page.
Frequently Asked Questions about Cheap Grant Park Apartments
What is the lowest price for a Cheap Two Bedroom Grant Park Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Grant Park is starting from $2,300 at Fountain Square.
What is the most affordable Grant Park Three Bedroom Apartment?
The best deal on a cheap Grant Park Three Bedroom Apartment rental is at Fountain Square and starts from $3,100.
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.

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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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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.