Cheap Apartments for Rent in Grayslake, IL from $700 (23 Rentals)

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84 W Belvidere Rd
2 Bedroom Apartments

84 W Belvidere Rd

84 W Belvidere RdGrayslake, IL 60030

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.

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124 E Main St
Studio Apartments

124 E Main St

124 E Main StRound Lake Park, IL 60073
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Lakeside Apartments
1 to 2 Bedroom Apartments

Lakeside Apartments

1355 W Maple AveMundelein, IL 60060
Senior Living
  • Utilities Included
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534 E Washington St
Studio to 1 Bedroom Apartments

534 E Washington St

534 E Washington StRound Lake Park, IL 60073
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206-208 E Main St
1 Bedroom Apartments

206-208 E Main St

206-208 E Main StRound Lake Park, IL 60073

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.

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1122 Cedar Lake
1 Bedroom Apartments

1122 Cedar Lake

1122 Cedar LakeRound Lake Beach, IL 60073

Grayslake, IL Local Guide

Cheapest Neighborhoods for Apartments in Grayslake, IL

Pricing Updated: 09/07/2025

Current 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:

NeighborhoodMedian PriceMin PriceAvailable Units
Wildwood on Gages Lake$2,900$1,30021

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 ListingModel NameBed/BathPriced From
Grand OaksPine1BR,1BA$1,351
Grays Pointe Apartments1 Bedroom Platinum1BR,1BA$1,400
Brittany Square1A Bedroom1BR,1BA$1,465
Savanna RidgeA11BR,1BA$1,775
The Sanctuary of Lake VillaTwo Bedroom One Bath2BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
The Sanctuary of Lake VillaTwo Bedroom One Bath2BR,1BA$1.58
Savanna RidgeA11BR,1BA$2.16
Brittany Square1A Bedroom1BR,1BA$1.95
Grays Pointe Apartments1 Bedroom Platinum1BR,1BA$1.94
Grand OaksPine1BR,1BA$2.02
34175 N Hainesville Rd, Unit 1F34175 N Hainesville Rd1BR,1BA$1.69

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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

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.

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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.