Cheap Homes for Rent in Grant Park, IL from $700 (13 Rentals)

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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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property at 29837 IL-50

29837 IL-50

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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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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. Chelsea Garden in the West Lakes neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $900. Here is today’s list of the most affordable Grant Park apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Crest ApartmentsStudioStudio,1BA$800
Chelsea GardenStudio, 1 bathStudio,1BA$900
St James Senior ApartmentsTwo Bedroom One Bath2BR,1BA$1,159
Olympic Village ApartmentsThe Pine1BR,1BA$1,201
Hidden CreekDanube1BR,1BA$1,229

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

As of July 23, 2025 the best value apartment in the Grant Park area is the $1.15 price per square foot 2 Bed 1 Bath Townhouse Model at Central Park Apartments & Townhomes in the in the Lincoln Station neighborhood starting from $1,530. The second greatest value Grant Park apartment is the 2 Bed 1 Bath Model at 2100 N Main St starting at $1,425 with a $1.19 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.
Central Park Apartments & Townhomes2 Bed 1 Bath Townhouse2BR,1BA$1.15
2100 N Main St2 Bed 1 Bath2BR,1BA$1.19
Fountain View Apartments2BR / 1BA2BR,1BA$1.31
Carriage Creek Apartments1 bedroom2BR,1BA$1.26
Sherwood Lake Apartments9702BR,1BA$1.46
Park Towers Apartment HomesTwo Bedroom 2 Bath-910 sqft2BR,2BA$1.77
Whitcomb Terrace ApartmentsHartford Open2BR,1BA$1.46
21746 Jeffrey Avenue2 Bedroom 1 Bath Apartment2BR,1BA$1.49
Richton Trail2 Beds, 1 bath2BR,1BA$1.71
Crest ApartmentsStudioStudio ,1BA$1.78

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Frequently Asked Questions about Grant Park

What type of rentals are currently available in Grant Park?

There are currently 40 Apartments for Rent in Grant Park, IL with pricing that ranges from $800 to $4,547. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Grant Park ranging from $750 to $4,200.

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 $750 to $4,200 with an average monthly rent of $1,692.

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 $1,388 to $3,304, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,395 to $4,200. Four Bedroom Single-Family rentals are also available starting from $2,700 and Four Bedroom Apartments start at $3,380.

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.

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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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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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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.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.