
Cheap Apartments for Rent in the Grant Park Neighborhood of Elgin, IL from $700 (25 Rentals)
Search the lowest-cost Apartments available for rent right now in the Grant Park area of Elgin.


314 E Chicago St

River's Landing Apartments

214 Dupage St

370 Bent St

Royal Ridge Apartments
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Hunter Ridge Apartments

1860 W Highland Ave, Unit G-103, Unit G-103

821 Bode Rd, Unit 12

39 Surrey Dr

Regency Apartments

Fox River Townhomes
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.

River West Commons

1350 Getzelman Dr

114 N Spring St

Roseanne Apartments

1289 Abbott Dr

Elgin Artspace Lofts - For Artists Only
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.

140 College St

292 Villa St

Westwind Tower

269 Douglas Ave

278 Douglas Ave

65 N Aldine St, Unit 2, Unit 2
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.

530 Locust St
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 | $1,137 | $1,025 | $1,250 |
| Grant Park 1 Bedroom Apartments | $1,370 | $826 | $1,600 |
| Grant Park 2 Bedroom Apartments | $1,807 | $967 | $2,800 |
| Grant Park 3 Bedroom Apartments | $2,207 | $1,980 | $3,100 |
| Grant Park 4 Bedroom Apartments | $17,630 | $10,000 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 25 rentals with your search options within a 2 mile radius of the Grant Park Neighborhood of Elgin, IL.
See all Apartments in ElginExplore Elgin
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 3 Beds unit found at Fox River Townhomes priced from $988. River's Landing Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,235. Here are the most affordable Grant Park apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Fox River Townhomes | 3x1 | 3BR,1BA | $988 |
| River's Landing Apartments | 1 Bedroom 1 Bath 675 sq ft | 1BR,1BA | $1,235 |
| Royal Ridge Apartments | Studio | Studio,1BA | $1,250 |
| Wing Park Residence | wp-1bs | 1BR,1BA | $1,550 |
| Fountain Square | 2 Bed/ 2 Bath | 2BR,2BA | $2,200 |
Best Value Apartments for Rent in Grant Park, IL
As of April 23, 2026 the best value apartment in the Grant Park area is the $2.00 price per square foot 2 Bed/ 2 Bath/ Den Model at Fountain Square in the in the College Green neighborhood starting from $2,600. The second greatest value Grant Park apartment is the 3x1 Model at Fox River Townhomes starting at $988 with a $1.02 price per square foot in the Beacon Pointe 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. |
|---|---|---|---|
| Fountain Square | 2 Bed/ 2 Bath/ Den | 2BR,2.5BA | $2.00 |
| Fox River Townhomes | 3x1 | 3BR,1BA | $1.02 |
| River's Landing Apartments | 2 Bedroom 1 Bath 775 sq ft | 2BR,1BA | $1.87 |
| Wing Park Residence | wp-1bs | 1BR,1BA | $2.14 |
| Royal Ridge Apartments | Studio | Studio ,1BA | $2.50 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick 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.
Pet Friendly LifestyleGrant Park, Elgin, IL
Ranked #10
Among cities in Illinois 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 price of a cheap apartment in Grant Park?
The cheapest apartment in Grant Park is River's Landing Apartments which is listed at $1,235, while the average apartment in Grant Park costs $17,630.
What types of apartments are the cheapest in Grant Park?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 2 regular apartments in Grant Park that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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

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.

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.

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.

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

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.