Let $\mathbb{G}(d,n)$ be the complex Grassmannian of affine $d$-planes in $n$-space. We study the problem of characterizing the set of algebraic subvarieties of $\mathbb{G}(d,n)$ invariant under the action of the maximal torus $T$ and having given homology class $λ$. We give a complete answer for the case where $λ$ is the class of a $T$-orbit, and partial results for other cases, using techniques inspired by matroid theory. This problem has applications to the computation of the Euler-Chow series for Grassmannians of projective lines: we calculate the series for 3-cycles in $\mathbb{G}(2,4)$ and carry out partial calculations for $\mathbb{G}(2,5)$.