126 W Washington St
Round LakeIL60073
Cheap Homes for Rent in Grayslake, IL from $1,300 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Grayslake.
126 W Washington St
Round LakeIL60073
32857 N Alleghany Rd
GrayslakeIL60030
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
1627 Grove Dr
Round Lake BeachIL60073
2417 Sherman Ave
North ChicagoIL60064
21839 Riviera Ct
MundeleinIL60060
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
37439 N Lake Shore Dr
Lake VillaIL60046
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Grayslake, IL Local Guide
Beige horse on ranch by Dmitri Yakovlev is licensed under Internal
How much does it cost to rent a home in Grayslake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Grayslake 2 Bedroom Homes for Rent | $1,940 | $1,325 | $2,500 |
| Grayslake 3 Bedroom Homes for Rent | $2,819 | $2,199 | $3,400 |
| Grayslake 4 Bedroom Homes for Rent | $2,530 | $1,990 | $3,200 |
| Grayslake 5 Bedroom Homes for Rent | $2,100 | $2,100 | $2,100 |
Browse Top Homes for Rent in Grayslake
Explore Grayslake
Grayslake, IL Local Guide
- Grayslake Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Grayslake, IL
Pricing Updated: 01/02/2026Current 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 | $1,845 | $1,475 | 12 |
Cheapest Available Grayslake Apartments for Rent
The cheapest available apartment rental in Grayslake, IL is a 1 Bed unit found at Brittany Square in the Wildwood on Gages Lake neighborhood priced from $1,475. Grays Pointe Apartments in the Wildwood on Gages Lake neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,500. Here is today’s list of the most affordable Grayslake apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Brittany Square | 1A Bedroom | 1BR,1BA | $1,475 |
| Grays Pointe Apartments | 2 Bedroom Standard | 2BR,1BA | $1,500 |
| Water's Edge Apartments | 2 Bdrm/2 Bath | 2BR,2BA | $1,550 |
Best Value Apartments for Rent in Grayslake, IL
As of January 02, 2026 the best value apartment in the Grayslake area is the $1.92 price per square foot B3 Model at Savanna Ridge in the in the Wildwood on Gages Lake neighborhood starting from $2,060. The second greatest value Grayslake apartment is the 2BR/1BA Model at Moore Court Apartments starting at $1,565 with a $1.58 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. |
|---|---|---|---|
| Savanna Ridge | B3 | 2BR,2BA | $1.92 |
| Moore Court Apartments | 2BR/1BA | 2BR,1BA | $1.58 |
| Grays Pointe Apartments | 2 Bedroom Platinum | 2BR,1.5BA | $1.56 |
| Water's Edge Apartments | 2 Bdrm/1 Bath | 2BR,1BA | $1.83 |
| The Sanctuary of Lake Villa | One Bedroom One Bath | 1BR,1BA | $1.97 |
| 660 Oriole Ct, Unit 1A | 660 Oriole Ct | 2BR,1BA | $1.78 |
| Grand Oaks | Birch | 2BR,1BA | $2.16 |
| Brittany Square | 1A Bedroom | 1BR,1BA | $1.97 |
| 34175 N Hainesville Rd, Unit 1F | 34175 N Hainesville Rd | 1BR,1BA | $1.54 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read Article
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleQuick Rent Budget Calculator
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Best Local Schools in Grayslake, IL
Meadowview School
Grayslake Central Consolidated School District 46
Public School - Grades K-4 (385)
9 out of 10
Grayslake Central High School
Grayslake Chsd 127 School District
Public School - Grades 9-12 (1419)
9 out of 10
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
Frequently Asked Questions about Grayslake
What type of rentals are currently available in Grayslake?
There are currently 47 Apartments for Rent in Grayslake, IL with pricing that ranges from $999 to $2,370. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Grayslake ranging from $1,325 to $3,400.
What is the current price range for Rental Homes in Grayslake?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Grayslake ranges from $1,325 to $3,400 with an average monthly rent of $2,161.
Expert Rental Resources
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.
Articles, How-To's, and Tips
How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!