6175 W Grand Ave
GurneeIL60031
Cheap Homes for Rent in Grayslake, IL from $1,300 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Grayslake.
1506 Spring Brook Ct
Round Lake BeachIL60073
614 Dunham Rd
GurneeIL60031
2843 Falling Waters Dr
LindenhurstIL60046
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
389 Meadow Green Ln
Round Lake BeachIL60073
708 S Cedarwood Cir
Round Lake HeightsIL60073
426 Alpine Dr
Round LakeIL60073
544 Meadow Green Ln
Round Lake BeachIL60073
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.
533 Bobby Ln
MundeleinIL60060
Showing Results 1-9, 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 | $2,303 | $1,750 | $2,750 |
| Grayslake 3 Bedroom Homes for Rent | $2,650 | $2,000 | $3,700 |
| Grayslake 4 Bedroom Homes for Rent | $3,521 | $2,350 | $5,200 |
| Grayslake 5 Bedroom Homes for Rent | $3,380 | $3,260 | $3,500 |
Browse Top Homes for Rent in Grayslake
Explore Grayslake
Grayslake, IL Local Guide
- Grayslake Neighborhoods
- Nearby Cities
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Cheapest Available Grayslake Apartments for Rent and Nearby
The cheapest available apartment rental in Grayslake, IL is a 2 Beds unit found at Rosewood Round Lake priced from $1,244. 534 E Washington St has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,325. 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 |
| 534 E Washington St | One bed/One bath | 1BR,1BA | $1,325 |
| Moore Court Apartments | 1BR/1BA DEN | 1BR,1BA | $1,375 |
Best Value Apartments for Rent in Grayslake, IL and Nearby
As of June 14, 2026 the best value apartment in the Grayslake area is the $1.66 price per square foot Two Bedroom Two Bath Model at The Sanctuary of Lake Villa in the in the Heritage Park neighborhood starting from $2,020. The second greatest value Grayslake apartment is the B3 Model at Savanna Ridge starting at $2,060 with a $1.92 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 Two Bath | 2BR,2BA | $1.66 |
| Savanna Ridge | B3 | 2BR,2BA | $1.92 |
| Grays Pointe Apartments | 2 Bedroom Platinum | 2BR,1.5BA | $1.56 |
| Grand Oaks | Ash | 2BR,1.5BA | $1.73 |
| Rosewood Round Lake | 2 Bedroom | 2BR,1BA | $1.32 |
| Moore Court Apartments | 1BR/1BA DEN | 1BR,1BA | $1.72 |
| Brittany Square | 1 Bedroom | 1BR,1BA | $1.97 |
| Water's Edge Apartments | 1 Bdrm/1 Bath | 1BR,1BA | $2.13 |
| 534 E Washington St | One bed/One bath | 1BR,1BA | $1.89 |
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.
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How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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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 47 Apartments for Rent in Grayslake, IL with pricing that ranges from $1,100 to $3,800. There are also 48 Single Family Homes for rent, Condos, and Townhome rentals currently available in Grayslake ranging from $1,300 to $5,200.
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 $5,200 with an average monthly rent of $2,450.
How much are larger Three and Four Bedroom Rentals in Grayslake?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Grayslake range from $1,257 to $2,790, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,000 to $3,700. Four Bedroom Single-Family rentals are also available starting from $2,350 and Four Bedroom Apartments start at $3,290.
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
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.