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Apartments for Rent in Grayslake, IL under $1200

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  • Only 1 unit left
    1 bd $1,200
    2 bd $1,200
    Base rent
    Verified Listing

    Glen Street Apartments/Royal Ridge LLC

    4.0 (12)
    145 Glen St., Grayslake, IL 60030
    Apply online • Pet friendly

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  • Only 2 units left
    Studio $1,050
    1 bd $1,200
    Base rent
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    Harbor Lake

    4.0 (19)
    1610 Sunset Avenue, Waukegan, IL 60087
    Apply online • Pet friendly • Pool
  • Rent specials
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    Verified Listing

    Residences At Fountain Square

    3690 Casimir Pulaski Road, Waukegan, IL 60085
    Pet friendly • Fitness center • In unit laundry
  • 1-2-city

Frequently asked questions

When were prices and availability in Grayslake, IL last updated?

Prices and availability in Grayslake, IL were last updated on 22 Aug 2026.

What are the best apartments in Grayslake, IL?
What type of rental buildings are in Grayslake, IL?

In Grayslake 22% of the housing is rented out compared to 78% of homes are owned, according to the most recent Census Bureau estimates. 11% of Grayslake's apartments are found in large buildings of 50 units or more, 74% are located in smaller apartment complexes with less than 50 units, and 15% are single-family rentals.

Apartments in Grayslake, IL under $1,200

Balancing snug and cheap is no joke when it comes to renting a place to live. “Are there any apartments near me under $1,200?” is a great question to start from. Knowing your budget means you’re one step ahead and on the right track. We’ve taken care of the rest and found 4 apartments for rent in Grayslake, IL on which you’ll spend less than $1,200. A small, cheap rental means you’ll have to budget your living space as well. The great news is that keeping it simple pays off in more than one way. The cost of utilities is likely to run low, and you get the added benefit of not having to spend too much time cleaning up the whole place. Smaller apartments are more likely to be closer to the city center, so there are potential cuts to your transportation costs too. And here’s one more very special secret to add to your book-of-perks: you’re less likely to overshop when you know your space is limited.

Rentals near you under $1,200

Our goal is to help you find cheap apartments that live up to your dreams without crushing your budget. It may be a long shot to go looking for 3 bedroom apartments or even 2 bedroom for less than $1,200. The average rental size in Grayslake, IL is 775 Sqft, but the $1,200 limit will probably narrow your search to places with a smaller square footage. Go through our listings and be on the look-out for a hassle-free studio or a 1 bedroom apartment. We trust you’ll turn it into a cozy home which is also budget-friendly to the core.