Apartments for Rent in Grayslake, IL

Prices and availability in Grayslake, IL were last updated on 3 Jun 2026.

The best apartments in Grayslake, IL are: 355-375 ALTA DRIVE APTS, MOORE COURT APTS LLC, Glen Street Apartments/Royal Ridge LLC, Brittany Square and Savanna Ridge.

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

The price range for a 1-bedroom apartment in Grayslake, IL is between $1,200 and $2,060.

The price range for a 2-bedroom apartment in Grayslake, IL is between $1,200 and $2,060.

The price range for a 3-bedroom apartment in Grayslake, IL is between $1,200 and $1,375.

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 age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Grayslake are about 34 years old, on average. Of these, 29% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 3 stories. About all of the rental communities here are low-rise, garden-style communities, none are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

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.