1548 W Sand Bar Ct
Round Lake BeachIL60073
Cheap Homes for Rent in Grayslake, IL from $1,300 (19 Rentals)
Search the lowest-cost Homes available for rent right now in Grayslake.
124 W Washington St, Unit 114
124 W Washington St
Round LakeIL60073
126 W Washington St, Unit 223
126 W Washington St
Round LakeIL60073
389 Meadow Green Ln
Round Lake BeachIL60073
3152 Falling Waters Ln
LindenhurstIL60046
277 W Treehouse Ln
Round LakeIL60073
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
544 Meadow Green Ln
Round Lake BeachIL60073
30 Woodland Dr
Round Lake BeachIL60073
2889 Falling Waters Dr
LindenhurstIL60046
1353 Longchamps Ct
GrayslakeIL60030
959 Ellsworth Dr
GrayslakeIL60030
3097 Falling Waters Ln
LindenhurstIL60046
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
59 S Treehouse Ln
Round LakeIL60073
3149 Falling Waters Ln
LindenhurstIL60046
34293 N Birch Ln
GurneeIL60031
218 W Pineview Dr
Round LakeIL60073
1153 Mt Vernon Dr
GrayslakeIL60030
1385 Redbridge Ct
GrayslakeIL60030
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
2884 Falling Waters Ln
LindenhurstIL60046
Showing Results 1-19, Page 1 of 1
Grayslake, IL Local Guide
How much does it cost to rent a home in Grayslake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Grayslake 2 Bedroom Homes for Rent | $2,128 | $1,325 | $2,750 |
| Grayslake 3 Bedroom Homes for Rent | $2,798 | $2,100 | $3,950 |
| Grayslake 4 Bedroom Homes for Rent | $4,007 | $3,000 | $6,300 |
| Grayslake 5 Bedroom Homes for Rent | $3,633 | $3,600 | $3,700 |
| Grayslake 7 Bedroom Homes for Rent | $4,150 | $3,300 | $5,000 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Grayslake
Explore Grayslake
Grayslake, IL Local Guide
- Grayslake Neighborhoods
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Cheapest Neighborhoods for Apartments in Grayslake, IL
Pricing Updated: 07/29/2026Current 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 | $3,495 | $3,495 | 1 |
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. 239 N Lake St 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 |
|---|---|---|---|
| Rosewood Round Lake | 2 Bedroom | 2BR,1BA | $1,244 |
| 239 N Lake St | 2 Beds, 1 Baths | 2BR,1BA | $1,500 |
| Grays Pointe Apartments | 2 Bedroom Standard | 2BR,1BA | $1,500 |
| Royal Oak Condos & Willows of Greys Lake | Buckeye | 2BR,1BA | $1,700 |
| Water's Edge Apartments | 2 Bdrm/2 Bath | 2BR,2BA | $1,725 |
Best Value Apartments for Rent in Grayslake, IL
As of July 29, 2026 the best value apartment in the Grayslake area is the $1.64 price per square foot Two Bedroom One Bath Model at The Sanctuary of Lake Villa in the in the Heritage Park neighborhood starting from $1,995. The second greatest value Grayslake apartment is the 2 Bdrm/2 Bath Model at Water's Edge Apartments starting at $1,725 with a $1.73 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. |
|---|---|---|---|
| The Sanctuary of Lake Villa | Two Bedroom One Bath | 2BR,1BA | $1.64 |
| Water's Edge Apartments | 2 Bdrm/2 Bath | 2BR,2BA | $1.73 |
| Royal Oak Condos & Willows of Greys Lake | Buckeye | 2BR,1.5BA | $1.73 |
| Grays Pointe Apartments | 2 Bedroom Platinum | 2BR,1.5BA | $1.56 |
| Rosewood Round Lake | 2 Bedroom | 2BR,1BA | $1.32 |
| 239 N Lake St | 2 Beds, 1 Baths | 2BR,1BA | $1.67 |
| 325 Neville Dr, Unit 1 | 325 Neville Dr | 1BR,1BA | $1.37 |
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 Article
Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read Article
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Best Local Schools in Grayslake, IL
Meadowview School
Grayslake Central Consolidated School District 46
Public School - Grades K-5 (354)
10 out of 10
Grayslake Central High School
Grayslake Chsd 127 School District
Public School - Grades 9-12 (1320)
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 Grayslake
What type of rentals are currently available in Grayslake?
There are currently 48 Apartments for Rent in Grayslake, IL with pricing that ranges from $1,025 to $2,500. There are also 62 Single Family Homes for rent, Condos, and Townhome rentals currently available in Grayslake ranging from $1,300 to $6,300.
What is the current price range for Rental Homes in Grayslake?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Grayslake ranges from $1,300 to $6,300 with an average monthly rent of $3,002.
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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.