Apartments for Rent in Grayslake, IL

Prices and availability in Grayslake, IL were last updated on 26 Oct 2026.

The best apartments in Grayslake, IL are: Savanna Ridge, 629 Oriole Court - Town Home Style Apartments, MOORE COURT APTS LLC, 355-375 ALTA DRIVE APTS and Brittany Square.

The average rent in Grayslake, IL is $1,542.

The price range for a 1-bedroom apartment in Grayslake, IL is between $1,385 and $1,823.

The price range for a 2-bedroom apartment in Grayslake, IL is between $1,550 and $2,393.

In Grayslake, 22% of the residents are renting compared to 78% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 11% of Grayslake's rentals, 74% are small-scale complexes with under 50 units, and 15% are single-family rentals.

The average age of rental buildings in Grayslake is 34 years old, with 29% being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 3 stories, of which all are garden-style apartment communities, none are mid-sized buildings, and none are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

Rental apartments in Grayslake come in a range of sizes and floorplans. Studio apartments represent 5% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 46% of the total apartments in the city, while 2-bedroom floorplans represent around 50% of all rentals in Grayslake. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.