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
30 East RooseveltER_1x11BR,1BA$1,850

Best Value Apartments for Rent in Grant Park, IL

As of March 24, 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$2.90
Arrive LEXBell1BR,1BA$3.12
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 a cheap apartment in Grant Park?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Grant Park is under $1,985.

What is the price of a cheap apartment in Grant Park?

The cheapest apartment in Grant Park is 30 East Roosevelt which is listed at $1,850, while the average apartment in Grant Park costs $14,560.

What types of apartments are the cheapest in Grant Park?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 129 regular apartments in Grant Park that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Grant Park?

Cheap apartments in Grant Park have an average cost of $216 which is $14,344 cheaper than the average rent for all rentals in Grant Park.

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

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

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

Written by: Andrea Lee Negroni, JD

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