Apartments for Rent in Grayslake, IL

Prices and availability in Grayslake, IL were last updated on 14 Jun 2026.

The best apartments in Grayslake, IL are: Brittany Square, Savanna Ridge, MOORE COURT APTS LLC, Glen Street Apartments/Royal Ridge LLC and zCMTrain Waitlist Property.

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 $2,050.

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 $1,325.

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.

Studio apartments in Grayslake are around 5% of rentals, while 1-bedroom floor plans represent 46% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 50% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.