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Grayslake, IL Condos for Rent

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  • 33490 N Lake Shore Dr Unit Studio apartment, Grayslake, IL 60030
    33490 N Lake Shore Dr Unit Studio apartment, Grayslake, IL 60030
    33490 N Lake Shore Dr Unit Studio apartment, Grayslake, IL 60030
    /12

    $1,500

    Total Monthly Price

    • 1 Bed
    • 1 Bath
    • 600 Sq Ft
    • Condo for Rent

    33490 N Lake Shore Dr Unit Studio apartment, Grayslake, IL 60030

    Very unique waterfront rental property. Private entrance through the rear sliding doors where you can enjoy a bedroom behind a glass block wall with plentiful sunshine. Kitchenette has refrigerator, oven, microwave and cabinets. Enjoy your summer nights on a beautifully positioned and furnished patio.Rent covers: HVAC, electricity, water, gas, internet, maintenance, lawn care, snow removal,

    33490 N Lake Shore Dr Unit Studio apartment, Grayslake, IL 60030
  • 40 S Slusser St Unit 42, Grayslake, IL 60030
    40 S Slusser St Unit 42, Grayslake, IL 60030
    40 S Slusser St Unit 42, Grayslake, IL 60030
    /7

    $1,650 Per Month

    • 1 Bed
    • 1 Bath
    • 676 Sq Ft
    • Condo for Rent

    40 S Slusser St Unit 42, Grayslake, IL 60030

    Property Id: 2163611 *FALL SPECIAL* If you sign your lease with us anytime between August-October you'll receive your first month free! Walk or bike to everything in Grayslake Village. This apartment features private front and rear entries, two off-street driveway parking spots, and a large shared backyard with a fire pit. *Fully Renovated Kitchen with Brand-New Appliances*

    40 S Slusser St Unit 42, Grayslake, IL 60030
Illinois Lake County

Condos for Rent in Grayslake, IL

Frequently Asked Questions

How much does it cost to rent a condo in Grayslake, IL?
The median rent for a condo in Grayslake, IL is $1,600 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Grayslake, IL?
To comfortably afford the median rent in Grayslake, IL, a household needs to earn roughly $99,800 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,495 per month in Grayslake, IL, renters typically need to show $7,485 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Grayslake, IL?
In Grayslake, IL, the price-to-rent ratio is 11.7, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Grayslake, IL are best for renting a condo?
The best neighborhood for renting in Grayslake, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Northeast Fox Lake, Capri Village and Virginia Lake, each with its own character and price range.

Condo Rental Trends in Grayslake, IL

There are currently 2 condos available for rent in Grayslake, IL. The median rent is $1,600 per month, with 1-bedroom condos renting at $1,350, 2-bedroom condos at $1,750 and 3-bedroom condos at $2,550.

Rental Home Trends

Number of Condos for Rent
2
Median Condo Rent
$1,600
Median 1 Bedroom Condo Rent
$1,350
Median 2 Bedroom Condo Rent
$1,750
Median 3 Bedroom Condo Rent
$2,550
How to Rent a Home

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