What is the average apartment size in Grayslake?

The average size for a Grayslake, IL apartment is 828 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

What is the average rent in Grayslake?

As of Mar / 2026, the average rent in Grayslake is $1,613 per month, a 1.44% increase from last years average of $1,591.

What is the average apartment size in Grayslake?

The typical apartment in Grayslake offers about 828 sq. ft. square feet of living space, though actual sizes vary depending on layout and amenities.

Grayslake, IL Rental Market Trends

Q: What's the typical rent budget in Grayslake?

The typical rent budget in Grayslake ranges from $1,501 to $2,000 per month, with 67% of rentals in this range.

Q: Do most people rent or own in Grayslake?

In Grayslake, 24% of households rent while 76% own their homes, based on the latest U.S. Census data.

Last updated: April 25, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Highlights

The average rent for an apartment in Grayslake is $1,613, a 1.44% increase compared to the previous year, when the average rent was $1,591.

One-bedroom apartments provide 684 square feet for $1,488, balancing privacy and affordability.

Two-beedroom units at $1,760 offer 976 square feet, perfect for roommates or small families.

Average rent in Grayslake, IL

Last updated: April 25, 2026

	Average Rent	Average Apartment Size
All Rentals	$1,613	828 sq. ft.
Studio	n/a	n/a
1 Bed	$1,488	684 sq. ft.
2 Beds	$1,760	976 sq. ft.
3 Beds	n/a	n/a

Grayslake, IL rent trends

Rental prices in Grayslake, IL have increased by 1.44% over the past year. The average rent moved from $1,591 to $1,613.

What's the typical rent budget in Grayslake, IL?

The largest share of rentals in Grayslake, IL (67%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.

Do most people rent or own in Grayslake, IL?

1,883 or 24% of the households in Grayslake, IL are renter-occupied while 6,056 or 76% are owner-occupied.

How Grayslake Compares to Other Cities

City	Average Rent
Grayslake	$1,613
Chicago	$2,471
Oak Park	$2,256
Evanston	$2,587
Aurora	$1,853
Rockford	$1,275
Skokie	$2,062
Peoria	$1,302
Naperville	$2,079
Champaign	$1,746
Lombard	$2,036
Waukegan	$1,395
McHenry, IL	$1,660
Palatine, IL	$1,916
Gurnee, IL	$1,810
Vernon Hills, IL	$2,394
Wheeling, IL	$2,021
Buffalo Grove, IL	$2,312
Deerfield, IL	$2,633
Lake Villa, IL	$1,618

Where this data comes from

The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.

Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Grayslake apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.

Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.