126 W Washington St
Round LakeIL60073
Cheap Homes for Rent in Grayslake, IL from $1,300 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Grayslake.
126 W Washington St
Round LakeIL60073
32857 N Alleghany Rd
GrayslakeIL60030
1627 Grove Dr
Round Lake BeachIL60073
380 Ivanhoe Rd
GrayslakeIL60030
259 Lippincott Ln
Fox LakeIL60020
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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$1,8002 Bedroom Apartments Available Now
18508 W Woodland Terrace
18508 W Woodland TerraceGurnee, IL 60031
2853 Falling Waters Dr
LindenhurstIL60046
84 W Belvidere Rd
GrayslakeIL60030
117 Woodland Dr
Round Lake BeachIL60073
156 Park Pl
GrayslakeIL60030
547 N Ridgemoor Ave
MundeleinIL60060
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.
1542 Sauganash Ct
GurneeIL60031
Showing Results 1-13, Page 1 of 1
Grayslake, IL Local Guide
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How much does it cost to rent a home in Grayslake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Grayslake 2 Bedroom Homes for Rent | $1,911 | $1,325 | $2,500 |
| Grayslake 3 Bedroom Homes for Rent | $2,790 | $1,950 | $3,600 |
| Grayslake 4 Bedroom Homes for Rent | $2,400 | $2,400 | $2,400 |
| Grayslake 5 Bedroom Homes for Rent | $2,800 | $2,100 | $3,500 |
Browse Top Homes for Rent in Grayslake
Explore Grayslake
Grayslake, IL Local Guide
- Grayslake Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Grayslake, IL
Pricing Updated: 01/24/2026Current 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 | $2,600 | $2,600 | 1 |
Cheapest Available Grayslake Apartments for Rent
The cheapest available apartment rental in Grayslake, IL is a 1 Bed unit found at Water's Edge Apartments in the Heritage Park neighborhood priced from $1,330. Grand Oaks in the Heritage Park neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,430. Here is today’s list of the most affordable Grayslake apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Water's Edge Apartments | 1 Bdrm/1 Bath | 1BR,1BA | $1,330 |
| Grand Oaks | Pine | 1BR,1BA | $1,430 |
| Brittany Square | 1A Bedroom | 1BR,1BA | $1,475 |
| Grays Pointe Apartments | 2 Bedroom Standard | 2BR,1BA | $1,500 |
| Moore Court Apartments | 2BR/1BA | 2BR,1BA | $1,565 |
Best Value Apartments for Rent in Grayslake, IL
As of January 25, 2026 the best value apartment in the Grayslake area is the $1.66 price per square foot Two Bedroom One Bath Model at The Sanctuary of Lake Villa in the in the Heritage Park neighborhood starting from $2,025. The second greatest value Grayslake apartment is the B4 Model at Savanna Ridge starting at $2,370 with a $2.21 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 | $1.66 |
| Savanna Ridge | B4 | 2BR,2BA | $2.21 |
| Moore Court Apartments | 2BR/1BA | 2BR,1BA | $1.58 |
| Grays Pointe Apartments | 2 Bedroom Platinum | 2BR,1.5BA | $1.56 |
| 660 Oriole Ct, Unit 1A | 660 Oriole Ct | 2BR,1BA | $1.78 |
| Brittany Square | 1A Bedroom | 1BR,1BA | $1.97 |
| Water's Edge Apartments | 1 Bdrm/1 Bath | 1BR,1BA | $1.90 |
| Grand Oaks | Pine | 1BR,1BA | $2.11 |
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
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.
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
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Best Local Schools in Grayslake, IL
Meadowview School
Grayslake Central Consolidated School District 46
Public School - Grades K-4 (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 Grayslake
What type of rentals are currently available in Grayslake?
There are currently 46 Apartments for Rent in Grayslake, IL with pricing that ranges from $1,162 to $2,550. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Grayslake ranging from $1,325 to $3,600.
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 $1,325 to $3,600 with an average monthly rent of $2,250.
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
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.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
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.