Cheap Apartments for Rent in the Grant Park Neighborhood of Chicago, IL from $1,100 (23 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Grant Park area of Chicago.

Chicago's Best Affordable Neighborhoods

Learn about Chicago and the best places to live with original content written by our Chicago, IL Local Expert Nicole Harms

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2036 S Michigan Avenue
2 to 3 Bedroom Apartments

2036 S Michigan Avenue

2036 S Michigan AveChicago, IL 60616
  • Utilities Included
Showing Results 1-23, Page 1 of 1

Grant Park, Chicago, IL Local Guide

Cheapest Available Grant Park Apartments for Rent

 

The cheapest available apartment rental in the Grant Park area of Chicago, IL is a Studio unit found at 2101 Michigan priced from $1,634. Park Michigan - 1212 S Michigan Ave has the second lowest priced unit, which is a Studio apartment currently listed from $1,762. Here are the most affordable Grant Park apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
2101 MichiganStudioStudio,1BA$1,634
Park Michigan - 1212 S Michigan AveStudio 1ba 03Studio,1BA$1,762
The AlfredA3Studio,1BA$1,795
CoevalS2Studio,1BA$1,817
Eleven40S1Studio,1BA$1,836

Best Value Apartments for Rent in Grant Park, IL

As of March 28, 2025 the best value apartment in the Grant Park area is the $2.96 price per square foot 1100 S Michigan Ave Model at 1100 S Michigan Ave, Unit 3004 in the in the Near South Side neighborhood starting from $3,409. The second greatest value Grant Park apartment is the 1150 S Michigan Ave Model at 1150 S Michigan Ave, Unit 2 starting at $3,600 with a $3.13 price per square foot in the South Loop neighborhood. Here is today’s list of the best values for Grant Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1100 S Michigan Ave, Unit 30041100 S Michigan Ave2BR,2BA$2.96
1150 S Michigan Ave, Unit 21150 S Michigan Ave2BR,2BA$3.13
1150 S Michigan Ave, Unit 21150 S Michigan Ave2BR,2BA$3.13
1419 S Wabash Ave, Unit 21419 S Wabash Ave2BR,2BA$3.00
1234 S Michigan Ave, Unit 13101234 S Michigan Ave1BR,1BA$1.85
1464 S Michigan Ave1464 S Michigan Ave2BR,2BA$2.85
1464 S Michigan Ave1464 S Michigan Ave2BR,2BA$2.45
Arrive South LoopOgden Loft2BR,2BA$2.92
Arrive LEXAberdeen1BR,1BA$2.91
1140 S Wabash Ave, Unit 13111140 S Wabash AveStudio ,1BA$2.59

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Pet Friendly Lifestyle
Grant Park, Chicago, IL

Ranked #36

Among neighborhoods in Chicago, IL for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Getting Around the Grant Park Neighborhood in Chicago, IL

Walk Score®

96 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

86 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

98 / 100

Rider’s Paradise

World-class public transportation

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Grant Park Apartments

What is the Cheapest Studio apartment in Grant Park?

Currently the most affordable Cheap Studio Apartment in Grant Park is at 2101 Michigan listed at $1,634.

How much is rent for a Cheap One Bedroom Grant Park Apartment?

The lowest price for a Cheap One Bedroom Grant Park Apartment is $1,850 at 30 East Roosevelt.

What is the lowest price for a Cheap Two Bedroom Grant Park Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Grant Park is starting from $1,995 at Pittsfield Apartments.

What is the most affordable Grant Park Three Bedroom Apartment?

The best deal on a cheap Grant Park Three Bedroom Apartment rental is at 1400 Wabash and starts from $4,600.

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.

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A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago

Written by: Nicole Harms

I’m Nicole, your ApartmentHomeLiving.com Local Expert for Chicago, IL. As a resident of the Chicago area for over 20 years, I’ve learned which neighborhoods are great and which are best avoided.

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.