
Cheap Homes for Rent near Grand Tower, IL from $700 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Grand Tower.


45 Point Dr

42 Point Dr

700 N Carico St

317 E Mill St

711 S Poplar St
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.

500 S Washington St

513 S Ash St

3 Village Dr

510 S Poplar St

12357 Angel Ln

313 E College St
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.
Grand Tower, IL Local Guide

How much does it cost to rent a home in Grand Tower?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Grand Tower 2 Bedroom Homes for Rent | $1,253 | $800 | $1,950 |
| Grand Tower 3 Bedroom Homes for Rent | $1,390 | $1,200 | $1,950 |
| Grand Tower 4 Bedroom Homes for Rent | $2,575 | $2,500 | $2,650 |
| Grand Tower 5 Bedroom Homes for Rent | $1,800 | $1,800 | $1,800 |
| Grand Tower 6 Bedroom Homes for Rent | $2,200 | $2,200 | $2,200 |
Browse Top Homes for Rent in Grand Tower
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Grand Tower, IL Local Guide
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Cheapest Available Grand Tower Apartments for Rent and Nearby
 The cheapest available apartment rental in Grand Tower, IL is a Studio unit found at ASHBURN COURT APARTMENTS priced from $450. Saluki Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $460. Here is today’s list of the most affordable Grand Tower apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| ASHBURN COURT APARTMENTS | 0BR/1.0BA | Studio,1BA | $450 |
| Saluki Apartments | Studio | Studio,1BA | $460 |
| The Metropolitan | Metropolis Efficiency | Studio,1BA | $465 |
| THE QUADS APARTMENTS | 0BR/1.0BA | Studio,1BA | $500 |
| Perryville Senior Apartments | Efficiency | Studio,1BA | $575 |
Best Value Apartments for Rent in Grand Tower, IL and Nearby
As of July 10, 2026 the best value apartment in the Grand Tower area is the $1.05 price per square foot Black Diamond C2 Model at Storyboard on Black Diamond in the starting from $2,300. The second greatest value Grand Tower apartment is the 3 Bedrooms Model at Grand Place Apartments starting at $1,185 with a $1.08 price per square foot . Here is today’s list of the best values for Grand Tower apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Storyboard on Black Diamond | Black Diamond C2 | 3BR,2.5BA | $1.05 |
| Grand Place Apartments | 3 Bedrooms | 3BR,2BA | $1.08 |
| 2015 Walden Pond Way | 2007 Waldon Pond 205 | 2BR,2BA | $1.39 |
| THE QUADS APARTMENTS | 3BR/1.0BA | 3BR,1BA | $0.77 |
| Cedar Creek Rentals | Cedar Creek 1 | 2BR,1BA | $1.25 |
| 900 on Park | Two Bedroom Furnished | 2BR,2BA | $0.82 |
| Schilling Property Management | 1 Bed, 1 bath | 1BR,1BA | $0.86 |
| Saint Germain Square | 1 Bedroom 1 Bath | 1BR,1BA | $1.39 |
| Perryville Senior Apartments | Efficiency | Studio ,1BA | $1.43 |
| University Edge Apartments | Studio | Studio ,1BA | $1.44 |
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.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Grand Tower
What type of rentals are currently available in Grand Tower?
There are currently 41 Apartments for Rent in Grand Tower, IL with pricing that ranges from $200 to $2,300. There are also 28 Single Family Homes for rent, Condos, and Townhome rentals currently available in Grand Tower ranging from $700 to $2,650.
What is the current price range for Rental Homes in Grand Tower?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Grand Tower ranges from $700 to $2,650 with an average monthly rent of $1,663.
How much are larger Three and Four Bedroom Rentals in Grand Tower?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Grand Tower range from $650 to $2,300, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $1,950. Four Bedroom Single-Family rentals are also available starting from $2,500 and Four Bedroom Apartments start at $295.
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.
Articles, How-To's, and Tips

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.