
Cheap Homes for Rent in Grant Park Neighborhood of Chicago, IL from $1,500 (51 Rentals)
Cheap Homes in the Grant Park area of Chicago.


1620 S Michigan Ave

1111 S Wabash Ave, Unit 1810

1160 S Michigan Ave, Unit 1606

1910 S Michigan Ave, Unit 301

1620 S Michigan Ave, Unit 513

1620 S Michigan Ave, Unit 513

40 E Adams St

1400 S Michigan Ave, Unit 27G

1212 S Michigan Ave
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.

1819 S Michigan Ave, Unit 1203

400 E Randolph St, Unit 2521

400 E Randolph St

812 S Michigan Ave

1845 S Michigan Ave, Unit 01204

1918 S Michigan Ave

1398 S Wabash Ave

130 S Michigan Ave

1304 S Michigan Ave

46 E 14th St
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212 E Cullerton St

130 N Garland Ct, Unit 2901

212 E Cullerton St, Unit # 01207

212 E Cullerton St, Unit 1207

212 E Cullerton St, Unit 1207

212 E Cullerton St, Unit 1207

2000 S Michigan Ave

212 E Cullerton St

1322 S Wabash Ave, Unit 1401

1528 S Wabash Ave, Unit 407
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

142 E Cermak Rd

2132 S Wabash Ave

1331 S Michigan Ave

1808 S Michigan Ave, Unit 22

1808 S Michigan Ave, Unit 22

1808 S Michigan Ave, Unit #22

1808 S Michigan Ave, Unit 22

1808 S Michigan Ave

1808 S Michigan Ave, Unit # 022

1450 S Wabash Ave

1338 S Michigan Ave

120 E Cullerton St, Unit 209

1720 S Michigan Ave, Unit 3116

1550 S Indiana Ave, Unit 601

120 E Cullerton St, Unit 209

120 E Cullerton St, Unit 209

120 E Cullerton St, Unit # 0209

310 S Michigan Ave, Unit 1312

2035 S Indiana Ave

1133 S Wabash Ave, Unit 303
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 | $3,276 | $2,000 | $9,500 |
Grant Park 3 Bedroom Homes for Rent | $5,672 | $3,100 | $10,000+ |
Grant Park 4 Bedroom Homes for Rent | $8,500 | $8,500 | $8,500 |
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. Park Michigan - 1212 S Michigan Ave has the second lowest priced unit, which is a Studio apartment currently listed from $1,624. 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 |
Park Michigan - 1212 S Michigan Ave | Studio 1ba 05 | Studio,1BA | $1,624 |
2101 Michigan | Studio | Studio,1BA | $1,634 |
820 Michigan by 3L Living | Studio North | Studio,1BA | $1,694 |
30 East Roosevelt | ER_1x1 | 1BR,1BA | $1,850 |
ELEVEN THIRTY | Tier 6/12 (Studio) | Studio,1BA | $1,908 |
Aspire Residences | Asp_1b_03 | 1BR,1BA | $1,955 |
Coeval | V4 | Studio,1BA | $2,152 |
Best Value Apartments for Rent in Grant Park, IL
As of May 01, 2025 the best value apartment in the Grant Park area is the $3.10 price per square foot 1150 S Michigan Ave Model at 1150 S Michigan Ave, Unit 2 in the in the South Loop neighborhood starting from $3,563. The second greatest value Grant Park apartment is the T6 Model at 1400 Wabash starting at $3,234 with a $3.07 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. |
---|---|---|---|
1150 S Michigan Ave, Unit 2 | 1150 S Michigan Ave | 2BR,2BA | $3.10 |
1400 Wabash | T6 | 2BR,2BA | $3.07 |
Eleven40 | B3 | 2BR,2BA | $3.45 |
Arrive LEX | Aberdeen | 1BR,1BA | $3.35 |
820 Michigan by 3L Living | 2 Bedroom West | 2BR,2BA | $3.84 |
1315 S Michigan Ave, Unit 1 | 1315 S Michigan Ave | 1BR,1BA | $3.64 |
30 East Roosevelt | ER_1x1 | 1BR,1BA | $3.21 |
Park Michigan - 1212 S Michigan Ave | Studio 1ba 03 | Studio ,1BA | $3.33 |
The Alfred | B5 | Studio ,1BA | $3.51 |
32 E Adams St, Unit 1C | 32 E Adams St | 1BR,1BA | $3.73 |
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Frequently Asked Questions about Grant Park
What type of rentals are currently available in Grant Park?
There are currently 119 Apartments for Rent in Grant Park, IL with pricing that ranges from $1,399 to $15,980. There are also 168 Single Family Homes for rent, Condos, and Townhome rentals currently available in Grant Park ranging from $1,525 to $11,800.
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 $1,525 to $11,800 with an average monthly rent of $4,331.
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.

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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.

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Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.