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$1,475 - $1,6951 to 2 Bedroom Apartments Available Now
Brittany Square
720 Brittany SqGrayslake, IL 60030
Cheap Apartments for Rent in Grayslake, IL from $700 (23 Rentals)
Search the lowest-cost Apartments available for rent right now in Grayslake.
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$1,500 - $2,5002 Bedroom Apartments Available Now
Grays Pointe Apartments
1900 Country DrGrayslake, IL 60030
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$1,300 - $1,6001 to 2 Bedroom Apartments Contact Us For Availability
Royal Oak Condos & Willows of Greys Lake
33601 N Royal Oak LnGrayslake, IL 60030
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$2,060
Total Monthly Price
1 to 2 Bedroom Apartments Available Jul 28Total Monthly Price
Base Rent
$2,060
Total Monthly Price
$2,060
Savanna Ridge
18400 W IL Route 120Grayslake, IL 60030
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$1,375 - $1,5851 to 2 Bedroom Apartments Available Jun 10
Moore Court Apartments
230 Moore CtGrayslake, IL 60030
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Studio Apartments
Station Square at Prairie Crossing
960-970 Harris RdGrayslake, IL 60030
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1 to 2 Bedroom Apartments
Berry Avenue Apartments
575 Berry AveGrayslake, IL 60030
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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1 to 2 Bedroom Apartments
Glen Street Apartments
145 Glen StGrayslake, IL 60030
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2 Bedroom Apartments
84 W Belvidere Rd
84 W Belvidere RdGrayslake, IL 60030
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1 to 2 Bedroom Apartments
Lakefront Residences at Grayslake
160 Hamelitz CtGrayslake, IL 60030
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1 Bedroom Apartments
Grayslake Apartments
325-365 Neville DrGrayslake, IL 60030
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1 to 3 Bedroom Apartments
Lakewood Village- Grayslake
125 Glen StGrayslake, IL 60030
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$1,460 - $1,7501 to 2 Bedroom Apartments Contact Us For Availability
Mallard Ridge
140 Dittmer LnLindenhurst, IL 60046
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$1,695 - $2,1521 to 3 Bedroom Apartments Available Now
Grand Oaks
36021-36151 N Grand Oaks CtGurnee, IL 60031
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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$1,395Studio to 1 Bedroom Apartments Available Now
534 E Washington St
534 E Washington StRound Lake Park, IL 60073
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$1,365 - $1,7901 to 2 Bedroom Apartments Available Now
Water's Edge Apartments
712 Waters Edge DrLake Villa, IL 60046
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$1,100 - $1,2571 to 3 Bedroom Apartments Available Now
Rosewood Round Lake
216 W Forest AveRound Lake, IL 60073
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Studio Apartments
124 E Main St
124 E Main StRound Lake Park, IL 60073
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2 Bedroom Apartments
Pineview Apartments
333 E DrRound Lake, IL 60073
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1 Bedroom Apartments
206-208 E Main St
206-208 E Main StRound Lake Park, IL 60073
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1 Bedroom Apartments
1122 Cedar Lake
1122 Cedar LakeRound Lake Beach, IL 60073
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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1 to 2 Bedroom Apartments
Lakeside Apartments
1355 W Maple AveMundelein, IL 60060
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1 to 2 Bedroom Apartments
The Sanctuary of Lake Villa
851 Sanctuary DrLake Villa, IL 60046
Showing Results 1-23, Page 1 of 1
Grayslake, IL Local Guide
Beige horse on ranch by Dmitri Yakovlev is licensed under Internal
How much does it cost to rent an apartment in Grayslake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Grayslake 1 Bedroom Apartments | $1,409 | $1,100 | $1,505 |
| Grayslake 2 Bedroom Apartments | $1,685 | $1,244 | $2,060 |
| Grayslake 3 Bedroom Apartments | $1,678 | $1,257 | $2,100 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Apartments in Grayslake
See all Apartments in GrayslakeExplore Grayslake
Grayslake, IL Local Guide
- Grayslake Neighborhoods
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Cheapest Neighborhoods for Apartments in Grayslake, IL
Pricing Updated: 04/23/2026Current apartment rentals in the Grayslake, IL area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Grayslake Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Wildwood on Gages Lake | $2,099 | $1,300 | 11 |
Cheapest Available Grayslake Apartments for Rent
The cheapest available apartment rental in Grayslake, IL is a 2 Beds unit found at Rosewood Round Lake priced from $1,244. Water's Edge Apartments in the Heritage Park neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,365. Here is today’s list of the most affordable Grayslake apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Rosewood Round Lake | 2 Bedroom | 2BR,1BA | $1,244 |
| Water's Edge Apartments | 1 Bdrm/1 Bath | 1BR,1BA | $1,365 |
| 534 E Washington St | One bed/One bath | 1BR,1BA | $1,395 |
| Brittany Square | 1A Bedroom | 1BR,1BA | $1,475 |
| Grays Pointe Apartments | 2 Bedroom Standard | 2BR,1BA | $1,500 |
Best Value Apartments for Rent in Grayslake, IL
As of April 24, 2026 the best value apartment in the Grayslake area is the $1.65 price per square foot Two Bedroom Two Bath Model at The Sanctuary of Lake Villa in the in the Heritage Park neighborhood starting from $2,010. The second greatest value Grayslake apartment is the 2 Bedroom Platinum Model at Grays Pointe Apartments starting at $1,500 with a $1.56 price per square foot in the Wildwood on Gages Lake neighborhood. Here is today’s list of the best values for Grayslake apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Sanctuary of Lake Villa | Two Bedroom Two Bath | 2BR,2BA | $1.65 |
| Grays Pointe Apartments | 2 Bedroom Platinum | 2BR,1.5BA | $1.56 |
| Rosewood Round Lake | 2 Bedroom | 2BR,1BA | $1.32 |
| Grand Oaks | Cottonwood | 2BR,1.5BA | $2.00 |
| Brittany Square | 1 Bedroom | 1BR,1BA | $1.97 |
| Water's Edge Apartments | 1 Bdrm/1 Bath | 1BR,1BA | $1.95 |
| 534 E Washington St | One bed/One bath | 1BR,1BA | $1.99 |
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.
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.
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Best Local Schools in Grayslake, IL
Meadowview School
Grayslake Central Consolidated School District 46
Public School - Grades K-5 (385)
9 out of 10
Grayslake Central High School
Grayslake Chsd 127 School District
Public School - Grades 9-12 (1419)
9 out of 10
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Grayslake, IL Rentals by Map
See the most popular apartments and homes in Grayslake, IL
Frequently Asked Questions about Cheap Grayslake Apartments
How much is rent for a Cheap One Bedroom Grayslake Apartment?
The lowest price for a Cheap One Bedroom Grayslake Apartment is $1,365 at Water's Edge Apartments.
What is the lowest price for a Cheap Two Bedroom Grayslake Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Grayslake is starting from $1,244 at Rosewood Round Lake.
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
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.