
Cheap Apartments for Rent in Grayslake, IL from $700 (6 Rentals)
Search the lowest-cost Apartments available for rent right now in Grayslake.


Royal Oak Condos & Willows of Greys Lake
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.

Rosewood Apartments

1204 N Hickory Terrace
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.
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 | $1,382 | $1,100 | $1,600 |
Grayslake 2 Bedroom Apartments | $1,766 | $1,500 | $2,500 |
Grayslake 3 Bedroom Apartments | $2,643 | $2,550 | $2,690 |
Grayslake 4 Bedroom Apartments | $2,890 | $2,890 | $2,890 |
Browse Top Apartments in Grayslake
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Grayslake, IL Local Guide
- Grayslake Neighborhoods
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Cheapest Neighborhoods for Apartments in Grayslake, IL
Pricing Updated: 10/23/2025Current 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 | $2,890 | $1,300 | 19 |
Cheapest Available Grayslake Apartments for Rent
 The cheapest available apartment rental in Grayslake, IL is a 1 Bed unit found at Brittany Square in the Wildwood on Gages Lake neighborhood priced from $1,465. Grays Pointe Apartments in the Wildwood on Gages Lake neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,500. Here is today’s list of the most affordable Grayslake apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Brittany Square | 1A Bedroom | 1BR,1BA | $1,465 |
Grays Pointe Apartments | 2 Bedroom Standard FP | 2BR,1BA | $1,500 |
Grand Oaks | Ash | 2BR,1BA | $1,795 |
Best Value Apartments for Rent in Grayslake, IL
As of October 23, 2025 the best value apartment in the Grayslake area is the $1.56 price per square foot 2 Bedroom Platinum FP Model at Grays Pointe Apartments in the in the Wildwood on Gages Lake neighborhood starting from $1,500. The second greatest value Grayslake apartment is the Ash Model at Grand Oaks starting at $1,795 with a $1.88 price per square foot in the Heritage Park 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. |
---|---|---|---|
Grays Pointe Apartments | 2 Bedroom Platinum FP | 2BR,1.5BA | $1.56 |
Grand Oaks | Ash | 2BR,1.5BA | $1.88 |
The Sanctuary of Lake Villa | One Bedroom One Bath | 1BR,1BA | $2.03 |
Brittany Square | 1A Bedroom | 1BR,1BA | $1.95 |
34175 N Hainesville Rd, Unit 1F | 34175 N Hainesville Rd | 1BR,1BA | $1.69 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read ArticleDon'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 ArticleQuick Rent Budget Calculator
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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 $1,465 at Brittany Square.
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 $1,500 at Grays Pointe Apartments.
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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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.