Cheap Apartments for Rent in Grayslake, IL

18 rentals

Apartments For Rent Near Grayslake, IL

We found 30 more apartments matching your filters just outside Grayslake

Average Rent Trends in Grayslake, IL

Rent in Grayslake, IL varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in Jun 2026 compared to the previous month. Rent previously peaked in Nov 2025.
MonthAverage rent
Jul 2025$2,450
Aug 2025$2,067
Sep 2025$2,450
Oct 2025$2,500
Nov 2025$2,550
Dec 2025$2,200
Jan 2026$1,950
Feb 2026$1,800
Mar 2026$2,200
Apr 2026$1,800
May 2026$1,995
Jun 2026$2,595
View as a graph

Average Rent By Bedroom and Home Type

In June 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
1 bed2 beds3 beds4 bedsAll
All home types$1,350$1,779$2,700$2,625$2,400
Townhomes—$2,200$2,700$2,625$2,625
Apartments and Condos$1,350—$2,595—$1,350
Houses——$2,700$2,650$2,700
See more information about local market trends in Grayslake, IL

Frequently Asked Questions about Rentals in Grayslake, IL

  • What is the average rent of an apartment in Grayslake, IL?
    The average rent of an apartment in Grayslake, IL is $1,481 per month. This is about 23% lower than the national average.
  • What is the average rent of a house in Grayslake, IL?
    The average rent of a house in Grayslake, IL is $2,700 per month. This is about 40% higher than the national average.
  • What is the average rent of a townhome in Grayslake, IL?
    The average rent of a townhome in Grayslake, IL is $2,625 per month. This is about 36% higher than the national average.
  • When is the average rent cheapest in Grayslake, IL?
    In the last year, the average rent in Grayslake, IL was lowest in Feb 2025 when it was $1,575 per month.
  • When is the average rent most expensive in Grayslake, IL?
    In the last year, the average rent in Grayslake, IL was highest in Nov 2025 when it was $2,550 per month.
  • How many available rental listings are in Grayslake, IL?
    There are 14 available rental listings in Grayslake, IL.
  • What are some zip codes in Grayslake, IL?
    Grayslake, IL includes zip codes such as: 60030.
  • What are some cities near Grayslake, IL?
    Some nearby cities include: Hainesville, Third Lake, Round Lake Park, Gages Lake, Round Lake Beach. These cities may have more rental options to explore.