• Renter Tools
    • Favorites
    • Saved Searches
  • Manage Rentals
  • Apartments For Rent
  • Houses For Rent
  • Condos For Rent
  • Townhomes For Rent
  • Help Center
  • Area Guide
  • Rent Calculator
English

Language

English Español
Apartments.com Logo
Manage Rentals      Sign Up / Sign In
Add a Property

Rental Market Trends in Grayslake, IL

Updated July 2026

The average rent in Grayslake, IL is $1,467/month.

Rent in Grayslake is roughly equal to the national average rent of of $1,663/month.

$1,467/month

Average Rent

720 Sq Ft

Average Size

+1.5%

Change / Year

63

Available Apartments

Grayslake rent varies by unit size and layout:

  • Studio apartments in Grayslake average per month.
  • One-bedroom apartments in Grayslake average $1,467 per month.
  • Two-bedroom apartments in Grayslake average $1,592 per month.
  • Three-bedroom apartments in Grayslake average or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
One Bedroom
$1,467/month
720 Sq Ft
Two Bedroom
$1,592/month
958 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Four Bedroom
$4,446/month
2,979 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Two Bedroom
$2,359/month
1,530 Sq Ft
Three Bedroom
$2,828/month
1,477 Sq Ft
View Grayslake Apartments

How much has average rent changed in Grayslake, IL?

In the past year, rent has increased by 1.5%, which averages out to $23 more per month.

Market Trends Over Time

July 2026

2025 2026
Market Trends Over Time

Rent Ranges in Grayslake, IL

July 2026
$1,501 - $2,000
Most rental prices fall within this range
Rent Ranges in Grayslake, IL
Percentage*
Rent Range
0% Below $700/month
27% $700 - $1,000/month
27% $1,001 - $1,500/month
45% $1,501 - $2,000/month
0% Above $2,000/month

What salary do I need to live comfortably in Grayslake, IL?

Because the average rent in Grayslake is $1,467, you’ll want to make about $4,890 per month or $58,680 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

Grayslake, IL

63 Available Apartments for Rent

Search for Nearby Apartments

How does Grayslake, IL compare to other nearby cities and neighborhoods?

Use the tool below to compare Grayslake, IL to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

View the Grayslake Area Guide

Apartment Averages

Apartment Communities in Grayslake We Think You'll Love

Grays Pointe Apartments

Grays Pointe Apartments

1900 Country Dr,
Grayslake, IL 60030

2 Beds | $1,500 - $2,500

Brittany Square

Brittany Square

720 Brittany Sq,
Grayslake, IL 60030

1-2 Beds | $1,485 - $1,695

Savanna Ridge

Savanna Ridge

18400 W IL Route 120,
Grayslake, IL 60030

1-2 Beds | $1,823 - $2,073

Moore Court Apartments

Moore Court Apartments

230 Moore Ct,
Grayslake, IL 60030

1 Bed | $1,375 - $1,395

Rental management, simplified

Our all-in-one suite of property manangement software makes the rental process easy. Screen tenants, manage payments, and more – all on Apartments.com

Manage Your Rentals

Guides for Managing Your Rental

The Tax Benefits of Owning a Rental Property

Use landlord tax breaks you might be missing.

Introducing the Rental ROI Calculator

Evaluate any deal with a rental ROI calculator.

How to Identify the Perfect Rental Tenant

Spot tenant red flags before you hand over keys.

How Much Does It Cost to Hire a Property Manager?

Understand property manager fees and what drives them.

Explore Rental Manager Resources

Frequently Asked Questions

What is the average rent in Grayslake?

The average rent in Grayslake is $1,467 per month, which is 11.8% lower than the national average of $1,663.

What is the average rent for a townhome in Grayslake?

The average rent for a townhome in Grayslake, IL is $2,359 per month.

Are rents going up or down in Grayslake?

Rents in Grayslake, IL are increasing, with prices up 1.5% year-over-year and $23 more per month.

What rent range is most common in Grayslake?

In Grayslake, IL, 45% of apartments fall between $1,501 - $2,000/month, though prices may vary depending on location and other factors.

United States Illinois Grayslake Rental Trends

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.

* Percentages may not total 100 due to rounding.

  • About Us
  • Advertise
  • Legal Notices
  • Privacy Notice
  • Avoid Scams
  • Accessibility
  • Blog
  • Newest Listings
  • Sitemap
apartments.com
© 2026 CoStar Group, Inc. Equal Housing Opportunity

Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity