
Cheap Apartments for Rent in Grayslake, IL from $700 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in Grayslake.


Brittany Square

Savanna Ridge

Moore Court Apartments

Royal Oak Condos & Willows of Greys Lake
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.

Mallard Ridge

Grand Oaks

Rosewood Apartments
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.
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.
Grayslake, IL Local Guide

How much does it cost to rent an apartment in Grayslake?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Grayslake 1 Bedroom Apartments | $1,376 | $1,100 | $1,465 |
Grayslake 2 Bedroom Apartments | $1,774 | $1,500 | $2,054 |
Grayslake 3 Bedroom Apartments | $2,750 | $2,740 | $2,760 |
Browse Top Apartments in Grayslake
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Grayslake, IL Local Guide
- Grayslake Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Grayslake, IL
Pricing Updated: 05/18/2025Current 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 | $1,862 | $1,465 | 7 |
Cheapest Available 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 |
Best Value Apartments for Rent in Grayslake, IL
As of May 18, 2025 the best value apartment in the Grayslake area is the $2.08 price per square foot 2 Bedroom Premium Model at Grays Pointe Apartments in the in the Wildwood on Gages Lake neighborhood starting from $1,500. The second greatest value Grayslake apartment is the 1BR/1BA Model at Moore Court Apartments starting at $1,300 with a $1.86 price per square foot . 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. |
---|---|---|---|
Grays Pointe Apartments | 2 Bedroom Premium | 2BR,1BA | $2.08 |
Moore Court Apartments | 1BR/1BA | 1BR,1BA | $1.86 |
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.
Best Local Schools in Grayslake, IL
Meadowview School
Grayslake Central High School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Grayslake, IL Rentals by Map
See the most popular apartments and homes in Grayslake, IL
Getting Around Grayslake, IL
Walk Score®
44 / 100
Car-Dependent
Most errands require a car
Bike Score®
46 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
18 / 100
Minimal Transit
It may be possible to get on a bus
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 Grayslake Apartments
What is the lowest price for a Cheap Two Bedroom Grayslake Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Grayslake is starting from $1,500 at Grays Pointe Apartments.
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.

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.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
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.