Rentometer, Inc. | Data as of 10/23/2025
Grayslake’s rental market blends suburban charm with convenient access to Chicago’s broader opportunities, making it a sought‑after destination for professionals, families, and students alike. The city offers a balanced mix of modern apartments and spacious single‑family homes, each catering to different lifestyle preferences. One‑bedroom apartments typically rent in the $1400 range, while two‑bedroom units hover around the $1600s, providing affordable options for couples and small households. For larger families, three‑bedroom houses are priced in the $2600‑$2900 bracket, reflecting the generous floor plans and yard space that many tenants value.
Neighborhoods such as Downtown Grayslake and the historic Lake County district feature walkable streets, boutique shops, and a vibrant dining scene that enhances the rental experience. Proximity to major highways and Metra’s Union Pacific North Line ensures a smooth commute to the city, while nearby natural attractions like Chain O’Lakes State Park and the Grayslake Lagoon offer outdoor recreation and scenic retreats. Quality schools and community amenities, including the Grayslake Public Library and community centers, further contribute to the city’s family‑friendly reputation.
Whether you’re searching for a contemporary apartment close to nightlife and retail, or a comfortable house with a backyard near top‑rated schools, Grayslake presents a diverse array of rental opportunities. Its blend of suburban tranquility, convenient transportation links, and vibrant local culture makes the city an appealing choice for renters looking to experience the best of Illinois living.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $1,391 | $1,400 | $1,300 - $1,465 | $1,375 - $1,415 |
| Apartment | 2 Bedroom | $1,619 | $1,565 | $1,500 - $1,900 | $1,500 - $1,695 |
| House | 3 Bedroom | $2,804 | $2,690 | $2,100 - $3,500 | $2,399 - $3,300 |
| House | 4+ Bedroom | $3,600 | $3,600 | $2,600 - $4,600 | $3,400 - $4,600 |
In the current period, the average rent in Grayslake was $1,415 for 1 Bedroom, $1,659 for 2 Bedroom, $2,780 for 3 Bedroom, and $3,600 for 4+ Bedroom.
Data provided by Rentometer, Inc.