
Cheap Apartments for Rent in Grayslake, IL from $700 (23 Rentals)
Search the lowest-cost Apartments available for rent right now in Grayslake.


Moore Court Apartments
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.

Royal Oak Condos & Willows of Greys Lake

Mallard Ridge

Grand Oaks
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.

Rosewood Apartments
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.
Grayslake, IL Local Guide

How much does it cost to rent an apartment in Grayslake?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Grayslake 1 Bedroom Apartments | $1,426 | $1,100 | $1,775 |
Grayslake 2 Bedroom Apartments | $1,718 | $1,411 | $1,950 |
Grayslake 3 Bedroom Apartments | $2,550 | $2,550 | $2,550 |
Grayslake 4 Bedroom Apartments | $2,900 | $2,900 | $2,900 |
Browse Top Apartments in Grayslake
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Grayslake, IL Local Guide
- Grayslake Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Grayslake, IL
Pricing Updated: 09/07/2025Current 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 | $2,900 | $1,300 | 21 |
Cheapest Available Grayslake Apartments for Rent
 The cheapest available apartment rental in Grayslake, IL is a 1 Bed unit found at Grand Oaks in the Heritage Park neighborhood priced from $1,351. Grays Pointe Apartments in the Wildwood on Gages Lake neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,400. Here is today’s list of the most affordable Grayslake apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Grand Oaks | Pine | 1BR,1BA | $1,351 |
Grays Pointe Apartments | 1 Bedroom Platinum | 1BR,1BA | $1,400 |
Brittany Square | 1A Bedroom | 1BR,1BA | $1,465 |
Savanna Ridge | A1 | 1BR,1BA | $1,775 |
The Sanctuary of Lake Villa | Two Bedroom One Bath | 2BR,1BA | $1,925 |
Best Value Apartments for Rent in Grayslake, IL
As of September 07, 2025 the best value apartment in the Grayslake area is the $1.58 price per square foot Two Bedroom One Bath Model at The Sanctuary of Lake Villa in the in the Heritage Park neighborhood starting from $1,925. The second greatest value Grayslake apartment is the A1 Model at Savanna Ridge starting at $1,775 with a $2.16 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 One Bath | 2BR,1BA | $1.58 |
Savanna Ridge | A1 | 1BR,1BA | $2.16 |
Brittany Square | 1A Bedroom | 1BR,1BA | $1.95 |
Grays Pointe Apartments | 1 Bedroom Platinum | 1BR,1BA | $1.94 |
Grand Oaks | Pine | 1BR,1BA | $2.02 |
34175 N Hainesville Rd, Unit 1F | 34175 N Hainesville Rd | 1BR,1BA | $1.69 |
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Best Local Schools in Grayslake, IL
Meadowview School
Grayslake Central High School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Getting Around Grayslake, IL
Walk Score®
44 / 100
Car-Dependent
Most errands require a car
Bike Score®
46 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
18 / 100
Minimal Transit
It may be possible to get on a bus
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $1,351 at Grand Oaks.
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 $1,411 at Grand Oaks.
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.

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.

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.

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.

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.