315 W Whispering Oaks Ln
Round LakeIL60073
Cheap Homes for Rent in Grayslake, IL from $1,200 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Grayslake.
1506 Spring Brook Ct
Round Lake BeachIL60073
1627 Woodbine Dr
Round Lake BeachIL60073
1548 W Sand Bar Ct
Round Lake BeachIL60073
1160 N Red Oak Cir
Round Lake BeachIL60073
57 N Macgillis Dr
Round LakeIL60073
610 Lagoon Terrace
Round Lake BeachIL60073
669 Quail Creek Dr
GrayslakeIL60030
531 Meadow Green Ln
Round Lake BeachIL60073
277 W Treehouse Ln
Round LakeIL60073
3984 Blackstone Ave
GurneeIL60031
1215 Waverly Dr
VoloIL60020
128 W Washington St
Round LakeIL60073
Showing Results 1-13, Page 1 of 1
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 | $2,006 | $1,300 | $2,400 |
| Grayslake 3 Bedroom Homes for Rent | $2,597 | $1,850 | $3,500 |
| Grayslake 4 Bedroom Homes for Rent | $3,469 | $2,000 | $5,000 |
| Grayslake 5 Bedroom Homes for Rent | $5,000 | $5,000 | $5,000 |
| Grayslake 6 Bedroom Homes for Rent | $3,800 | $3,800 | $3,800 |
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: 03/25/2025Current 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 | $1,925 | $1,435 | 437 |
Cheapest Available Grayslake Apartments for Rent
The cheapest available apartment rental in Grayslake, IL is a 1 Bed unit found at Moore Court Apartments priced from $1,375. 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 $1,405. Here is today’s list of the most affordable Grayslake apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Moore Court Apartments | 1BR/1BA DEN | 1BR,1BA | $1,375 |
| Grays Pointe Apartments | 2 Bed STAN | 2BR,1BA | $1,405 |
| Brittany Square | 1A Bedroom | 1BR,1BA | $1,445 |
| Grand Oaks | Maple | 1BR,1BA | $1,497 |
| The Sanctuary of Lake Villa | Two Bedroom One Bath | 2BR,1BA | $1,870 |
Best Value Apartments for Rent in Grayslake, IL
As of March 25, 2025 the best value apartment in the Grayslake area is the $1.21 price per square foot 2588 N Mallard Ln Model at 2588 N Mallard Ln in the in the Grant's Grove neighborhood starting from $3,175. The second greatest value Grayslake apartment is the Two Bedroom Two Bath Model at The Sanctuary of Lake Villa starting at $1,975 with a $1.62 price per square foot in the Heritage Park neighborhood. 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. |
|---|---|---|---|
| 2588 N Mallard Ln | 2588 N Mallard Ln | 3BR,2.5BA | $1.21 |
| The Sanctuary of Lake Villa | Two Bedroom Two Bath | 2BR,2BA | $1.62 |
| Savanna Ridge | B1 | 2BR,1BA | $1.84 |
| 649 Swan Dr, Unit 2A | 649 Swan Dr | 2BR,1BA | $1.74 |
| Moore Court Apartments | 1BR/1BA DEN | 1BR,1BA | $1.72 |
| Brittany Square | 1A Bedroom | 1BR,1BA | $1.93 |
| Grays Pointe Apartments | 1 Bed PLAT | 1BR,1BA | $2.35 |
| Grand Oaks | Pine | 1BR,1BA | $2.34 |
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.
Let everyone know!
Do you know the Grayslake area?
If you’re an expert on all things Grayslake, tell us what you love (and don't) by rating it and writing a review.
Write a Review
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 $1,100 to $1,975. There are also 49 Single Family Homes for rent, Condos, and Townhome rentals currently available in Grayslake ranging from $1,200 to $5,000.
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 $1,200 to $5,000 with an average monthly rent of $3,030.
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.
Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
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.
Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.
Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.
How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.