Cheap Homes for Rent in Grant Park, IL from $700 (9 Rentals)

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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.

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.

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 1 Bed unit found at St James Senior Apartments in the University Park neighborhood priced from $764. Crest Apartments in the University Park neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $800. Here is today’s list of the most affordable Grant Park apartments for rent:

Apartment ListingModel NameBed/BathPriced From
St James Senior ApartmentsOne Bedroom One Bath1BR,1BA$764
Crest ApartmentsStudioStudio,1BA$800
Chelsea GardenStudio, 1 bathStudio,1BA$900

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

As of September 07, 2025 the best value apartment in the Grant Park area is the $1.19 price per square foot 2 Bed 1 Bath Model at 2100 N Main St in the in the Downtown Crown Point neighborhood starting from $1,425. The second greatest value Grant Park apartment is the 3 Bed 1.5 Bath Remodel B Model at Linden Park Apartments starting at $1,790 with a $1.69 price per square foot in the Downtown Park Forest 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.
2100 N Main St2 Bed 1 Bath2BR,1BA$1.19
Linden Park Apartments3 Bed 1.5 Bath Remodel B3BR,1.5BA$1.69
Fountain View Apartments2BR / 1BA2BR,1BA$1.31
Sherwood Lake Apartments9702BR,1BA$1.46
St James Senior ApartmentsTwo Bedroom One Bath2BR,1BA$1.25
Park Towers Apartment HomesTwo Bedroom 2 Bath-910 sqft2BR,2BA$1.74
21746 Jeffrey Avenue2 Bedroom 1 Bath Apartment with dining2BR,1BA$1.54
Hidden CreekBavarian Partial2BR,1BA$1.70
Richton Trail2 Beds, 1 bath2BR,1BA$1.71
Whitcomb Terrace ApartmentsDesert Classic1BR,1BA$1.72

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

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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 $764 to $3,480. There are also 30 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 $1,715.

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 $3,277, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,300 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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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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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.