
Cheap Homes for Rent in Grayslake, IL from $1,500 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Grayslake.


930 Taylor Dr

1412 W Clear Water Cir
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.

1545 Crystal Rock Ct

522 Meadow Green Ln

479 Meadow Green Ln

1163 N Red Oak Cir

1618 Kildeer Dr

22 Jr Ave

128 W Washington St

152 E Winchester Rd
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

51 Seymour Ave

36936 N Helen Dr
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 | $2,126 | $1,500 | $2,500 |
Grayslake 3 Bedroom Homes for Rent | $2,511 | $1,800 | $3,100 |
Grayslake 4 Bedroom Homes for Rent | $3,112 | $2,000 | $3,750 |
Grayslake 5 Bedroom Homes for Rent | $4,200 | $4,200 | $4,200 |
Grayslake 6 Bedroom Homes for Rent | $3,800 | $3,800 | $3,800 |
Browse Top Homes for Rent in Grayslake
Explore Grayslake
Grayslake, IL Local Guide
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Cheapest Neighborhoods for Apartments in Grayslake, IL
Pricing Updated: 06/05/2025Current 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 | $1,963 | $1,465 | 15 |
Cheapest Available Grayslake Apartments for Rent
 The cheapest available apartment rental in Grayslake, IL is a 1 Bed unit found at Moore Court Apartments priced from $1,300. 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 |
---|---|---|---|
Moore Court Apartments | 1BR/1BA | 1BR,1BA | $1,300 |
Grays Pointe Apartments | 2 Bedroom Standard | 2BR,1BA | $1,500 |
Savanna Ridge | B1 | 2BR,1BA | $1,925 |
The Sanctuary of Lake Villa | Two Bedroom Two Bath | 2BR,2BA | $2,025 |
Best Value Apartments for Rent in Grayslake, IL
As of June 06, 2025 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 $2,025. The second greatest value Grayslake apartment is the B1 Model at Savanna Ridge starting at $1,925 with a $1.84 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 | B1 | 2BR,1BA | $1.84 |
Grays Pointe Apartments | 2 Bedroom Premium | 2BR,1BA | $2.08 |
Moore Court Apartments | 1BR/1BA | 1BR,1BA | $1.86 |
Quick Rent Budget Calculator
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Frequently Asked Questions about Grayslake
What type of rentals are currently available in Grayslake?
There are currently 45 Apartments for Rent in Grayslake, IL with pricing that ranges from $1,100 to $3,055. There are also 51 Single Family Homes for rent, Condos, and Townhome rentals currently available in Grayslake ranging from $1,500 to $4,200.
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 $1,500 to $4,200 with an average monthly rent of $3,149.
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 $2,400 to $2,999, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,800 to $3,100. Four Bedroom Single-Family rentals are also available starting from $2,000 and Four Bedroom Apartments start at $2,850.
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.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.