Cheap Apartments for Rent in Grant Park, IL from $500 (37 Rentals)

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Search the lowest-cost Apartments available for rent right now in Grant Park.

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.

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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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1304 E North St
1 to 2 Bedroom Apartments

1304 E North St

1304 E North StBradley, IL 60915

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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Autumn Ridge
Studio to 3 Bedroom Apartments

Autumn Ridge

119 E Sycamore DrPark Forest, IL 60466
property at 29837 IL-50

$1,000 - $1,400

1 To 2 Bedroom Rentals

Available Now

29837 IL-50

PeotoneIL60468
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West Harbor Place
2 to 3 Bedroom Apartments

West Harbor Place

703 W Harbor StKankakee, IL 60901
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Meadow Lane Apartments
1 to 2 Bedroom Apartments

Meadow Lane Apartments

2029 Meadow LnSchererville, IN 46375
  • Utilities Included
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Central Park
1 to 3 Bedroom Apartments

Central Park

11 Fir StPark Forest, IL 60466
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1905 Austin Ave
2 Bedroom Apartments

1905 Austin Ave

1905 Austin AveSchererville, IN 46375

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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Showing Results 1-37, Page 1 of 1

Grant Park, IL Local Guide

Cheapest Available Grant Park Apartments for Rent and Nearby

 

The cheapest available apartment rental in Grant Park, IL is a Studio unit found at Crest Apartments in the University Park neighborhood priced from $800. 2045-2151 Meadow Ln has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,075. Here is today’s list of the most affordable Grant Park apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Crest ApartmentsStudioStudio,1BA$800
2045-2151 Meadow Ln1 Bed/1 Bath1BR,1BA$1,075
Carriage Creek ApartmentsStudio GardenStudio,1BA$1,100
723 Grant Ave1BR/1.0BA1BR,1BA$1,100
2100 N Main St1 Bed 1 Bath1BR,1BA$1,125
ST JAMES SENIOR APARTMENTS2 BED 1 BATH2BR,1BA$1,159
Thornwood Apartments2x1 8532BR,1BA$1,175
Chelsea Garden1 Bed, 1 bath1BR,1BA$1,200
Harvest Grove Apartment Homes1BD-Deluxe1BR,1BA$1,202
Fountain View Apartments1BR / 1BA1BR,1BA$1,250

Best Value Apartments for Rent in Grant Park, IL and Nearby

As of April 24, 2026 the best value apartment in the Grant Park area is the $1.48 price per square foot 3 Bedroom 1 Bath Townhome Renovated Model at Oakwood Townhomes in the in the Lincoln Station neighborhood starting from $1,995. The second greatest value Grant Park apartment is the 2 Bedroom, 2 Bath - Standard Model at Cypress Pointe starting at $1,619 with a $1.54 price per square foot in the Downtown Crown Point 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.
Oakwood Townhomes3 Bedroom 1 Bath Townhome Renovated3BR,1BA$1.48
Cypress Pointe2 Bedroom, 2 Bath - Standard2BR,2BA$1.54
ST JAMES SENIOR APARTMENTS2 BED 1 BATH2BR,1BA$1.25
Hidden CreekBavarian2BR,1BA$1.50
Harvest Ridge Apartment Homes2X12BR,1BA$1.50
Thornwood Apartments2x1 8532BR,1BA$1.38
Harvest Grove Apartment Homes1BD-Deluxe1BR,1BA$1.41
2100 N Main St1 Bed 1 Bath1BR,1BA$1.32
723 Grant Ave1BR/1.0BA1BR,1BA$1.57
2045-2151 Meadow Ln1 Bed/1 Bath1BR,1BA$1.54

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.

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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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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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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Grant Park, IL Rentals by Map

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See the most popular apartments and homes in Grant Park, IL

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Frequently Asked Questions about Cheap Grant Park Apartments

What is the Cheapest Studio apartment in Grant Park?

Currently the most affordable Cheap Studio Apartment in Grant Park is at Crest Apartments listed at $800.

How much is rent for a Cheap One Bedroom Grant Park Apartment?

The lowest price for a Cheap One Bedroom Grant Park Apartment is $1,075 at 2045-2151 Meadow Ln.

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 $1,159 at ST JAMES SENIOR APARTMENTS.

What is the most affordable Grant Park Three Bedroom Apartment?

The best deal on a cheap Grant Park Three Bedroom Apartment rental is at Oakwood Townhomes and starts from $1,825.

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

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

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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.