1204 N Hickory Terrace
Round Lake BeachIL60073
Cheap Homes for Rent in Grayslake, IL from $1,200 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Grayslake.
99 North Ave
AntiochIL60002
1627 Woodbine Dr
Round Lake BeachIL60073
32857 N Alleghany Rd
GrayslakeIL60030
1627 Grove Dr
Round Lake BeachIL60073
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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.
2417 Sherman Ave
North ChicagoIL60064
222 W Park Rd
Round LakeIL60073
37439 N Lake Shore Dr
Lake VillaIL60046
259 Lippincott Ln
Fox LakeIL60020
33791 N Oak St
Gages LakeIL60030
643 Ziegler Dr
GrayslakeIL60030
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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Grayslake, IL Local Guide
Beige horse on ranch by Dmitri Yakovlev is licensed under Internal
How much does it cost to rent a home in Grayslake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Grayslake 2 Bedroom Homes for Rent | $2,030 | $1,400 | $2,500 |
| Grayslake 3 Bedroom Homes for Rent | $2,622 | $1,850 | $3,400 |
| Grayslake 4 Bedroom Homes for Rent | $2,963 | $2,200 | $3,900 |
| Grayslake 5 Bedroom Homes for Rent | $3,581 | $2,100 | $4,600 |
Browse Top Homes for Rent in Grayslake
Explore Grayslake
Grayslake, IL Local Guide
- Grayslake Neighborhoods
- Nearby Cities
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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 |
| The Sanctuary of Lake Villa | One Bedroom One Bath | 1BR,1BA | $1,840 |
Best Value Apartments for Rent in Grayslake, IL
As of October 24, 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 |
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.
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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 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 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 50 Apartments for Rent in Grayslake, IL with pricing that ranges from $1,100 to $2,890. There are also 56 Single Family Homes for rent, Condos, and Townhome rentals currently available in Grayslake ranging from $1,200 to $4,600.
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 $1,200 to $4,600 with an average monthly rent of $2,511.
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 $2,550 to $2,690, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,850 to $3,400. Four Bedroom Single-Family rentals are also available starting from $2,200 and Four Bedroom Apartments start at $2,890.
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.