
Cheap Homes for Rent in Grant Park Neighborhood of Chicago, IL from $1,700 (51 Rentals)
Search the lowest-cost Homes available for rent right now in the Grant Park area of Chicago.


1160 S Michigan Ave, Unit 1606

1620 S Michigan Ave

1194 S Michigan Ave

1910 S Michigan Ave, Unit 301

1620 S Michigan Ave, Unit 513

1400 S Michigan Ave, Unit 27G

1212 S Michigan Ave

1819 S Michigan Ave, Unit 1203

400 E Randolph St, Unit 2521
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

40 E Adams St

1133 S Wabash Ave, Unit 303

46 E 14th St

221 E Cullerton St, Unit 301

1918 S Michigan Ave

1845 S Michigan Ave, Unit 01204

130 S Michigan Ave

130 N Garland Ct, Unit 2901

212 E Cullerton St, Unit # 01207

212 E Cullerton St
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

212 E Cullerton St, Unit 1207

212 E Cullerton St, Unit 1207

212 E Cullerton St, Unit 1207

212 E Cullerton St

58 E 14th St

1528 S Wabash Ave, Unit 407

1720 S Michigan Ave, Unit 1514

1322 S Wabash Ave, Unit 1401

1720 S Michigan Ave

142 E Cermak Rd
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

2132 S Wabash Ave

1331 S Michigan Ave

1808 S Michigan Ave, Unit 22

1808 S Michigan Ave, Unit # 022

1808 S Michigan Ave, Unit 22

1808 S Michigan Ave, Unit 22

310 S Michigan Ave, Unit 1312

120 E Cullerton St, Unit 209

1720 S Michigan Ave, Unit 3116

120 E Cullerton St, Unit 209
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

120 E Cullerton St, Unit # 0209

2035 S Indiana Ave

1172 S Michigan Ave

1160 S Michigan Ave, Unit 2906

1464 S Michigan Ave

1720 S Michigan Ave, Unit 3216

40 E 9th St, Unit 1417

40 E 9th St, Unit 1417

40 E 9th St, Unit 1417

40 E 9th St, Unit 1417
Grant Park, Chicago, IL Local Guide

How much does it cost to rent a home in Grant Park?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Grant Park 2 Bedroom Homes for Rent | $3,371 | $2,000 | $7,900 |
Grant Park 3 Bedroom Homes for Rent | $6,600 | $3,100 | $10,000+ |
Grant Park 4 Bedroom Homes for Rent | $11,333 | $8,500 | $10,000+ |
Browse Homes for Rent in this Neighborhood
There are currently 51 rentals with your search options within a 2 mile radius of the Grant Park Neighborhood of Chicago, IL.
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Grant Park, Chicago, IL Local Guide
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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 21st Street Lofts by 3L Living priced from $1,399. Pittsfield Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,595. Here are the most affordable Grant Park apartments for rent in Chicago, IL:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
21st Street Lofts by 3L Living | Studio - C | Studio,1BA | $1,399 |
Pittsfield Apartments | Studio - Style B | Studio,1BA | $1,595 |
820 Michigan by 3L Living | Studio North | Studio,1BA | $1,694 |
Park Michigan - 1212 S Michigan Ave | Studio 1ba 09 | Studio,1BA | $1,722 |
30 East Roosevelt | ER_1x1 | 1BR,1BA | $1,850 |
Coeval | V2 | Studio,1BA | $1,967 |
ELEVEN THIRTY | Tier 6/12 (Studio) | Studio,1BA | $1,980 |
2101 Michigan | 1 Bed 1 Bath A | 1BR,1BA | $1,980 |
Aspire Residences | Asp_1b_03 | 1BR,1BA | $1,995 |
Best Value Apartments for Rent in Grant Park, IL
As of May 10, 2025 the best value apartment in the Grant Park area is the $3.72 price per square foot B3 Model at Sentral Michigan Avenue in the in the Near South Side neighborhood starting from $4,205. The second greatest value Grant Park apartment is the T1 Model at 1400 Wabash starting at $3,208 with a $2.90 price per square foot in the Near South Side neighborhood. Here is today’s list of the best values for Grant Park apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Sentral Michigan Avenue | B3 | 2BR,2BA | $3.72 |
1400 Wabash | T1 | 2BR,2BA | $2.90 |
Eleven40 | B3 | 2BR,2BA | $3.62 |
2101 Michigan | 2 Bed 1 Bath | 2BR,1BA | $3.10 |
1150 S Michigan Ave, Unit 1 | 1150 S Michigan Ave | 1BR,1BA | $2.98 |
Neveseno | O25 | 1BR,1BA | $3.82 |
Arrive LEX | Aberdeen | 1BR,1BA | $3.40 |
Park Michigan - 1212 S Michigan Ave | 1bd 1ba 11 | 1BR,1BA | $3.31 |
30 East Roosevelt | ER_1x1 | 1BR,1BA | $3.21 |
Aspire Residences | Asp_1b_13 | 1BR,1BA | $3.85 |
Quick Rent Budget Calculator
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.
Frequently Asked Questions about Grant Park
What type of rentals are currently available in Grant Park?
There are currently 120 Apartments for Rent in Grant Park, IL with pricing that ranges from $1,399 to $15,980. There are also 173 Single Family Homes for rent, Condos, and Townhome rentals currently available in Grant Park ranging from $1,717 to $14,500.
What is the current price range for Rental Homes in Grant Park?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Grant Park ranges from $1,717 to $14,500 with an average monthly rent of $5,108.
How much are larger Three and Four Bedroom Rentals in Grant Park?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Grant Park range from $1,930 to $12,930, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,100 to $11,800. Four Bedroom Single-Family rentals are also available starting from $8,500 and Four Bedroom Apartments start at $1,725.
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.

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.

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.