
Cheap Apartments for Rent in the Grand Boulevard Neighborhood of Chicago, IL from $700 (31 Rentals)
Search the lowest-cost Apartments available for rent right now in the Grand Boulevard area of Chicago.


4901 S Drexel Blvd Chicago, IL 60615

4721 S. Ellis Avenue

4345 S Berkeley Ave, Unit Garden

56 E 50th St

4423 S Prairie Ave

5035 S King Dr
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Hyde Park / Kenwood

Ohio Commons

Drexel Investments, LLC

801-05 E Drexel Square Chicago, IL 60615

Paul G Stewart Center

Rosenwald Courts

5130 S Dr Martin Luther King Jr Dr Chicago, IL 60615
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4013-4015 S Calumet Ave

4720 S Drexel Blvd Chicago, IL 60615

5015 S Champlain Ave Chicago, IL 60615

Lake Park Crescent Apartments

4850-4858 S Michigan Ave

Pangea Commons

The Bronzeville Vincennes
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The Pershing

Drexel Grand

Greenwood Park Apartments

Oakwood Apartments

49th Street Apartments

824-842 E 53rd St

Ellis Court
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1101 E. Hyde Park Boulevard

The Sutherland

4956 S Michigan
Grand Boulevard, Chicago, IL Local Guide

How much does it cost to rent an apartment in Grand Boulevard?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Grand Boulevard Studio Apartments | $1,067 | $850 | $1,375 |
| Grand Boulevard 1 Bedroom Apartments | $1,615 | $950 | $2,800 |
| Grand Boulevard 2 Bedroom Apartments | $2,287 | $1,250 | $7,064 |
| Grand Boulevard 3 Bedroom Apartments | $2,844 | $2,000 | $5,249 |
| Grand Boulevard 4 Bedroom Apartments | $3,763 | $2,300 | $4,800 |
| Grand Boulevard 5 Bedroom Apartments | $2,200 | $2,200 | $2,200 |
Browse Apartments in this Neighborhood
There are currently 31 rentals with your search options within a 1 mile radius of the Grand Boulevard Neighborhood of Chicago, IL.
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Grand Boulevard, Chicago, IL Local Guide
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Cheapest Available Grand Boulevard Apartments for Rent
 The cheapest available apartment rental in the Grand Boulevard area of Chicago, IL is a Studio unit found at 824 E 53rd St priced from $850. 801-05 E Drexel Square Chicago, IL 60615 has the second lowest priced unit, which is a Studio apartment currently listed from $940. Here are the most affordable Grand Boulevard apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 824 E 53rd St | Large Studio | Studio,1BA | $850 |
| 801-05 E Drexel Square Chicago, IL 60615 | Studio Apartment | Studio,1BA | $940 |
| 4901 S Drexel Blvd Chicago, IL 60615 | Studio Apartment | Studio,1BA | $1,000 |
| 5130 S Dr Martin Luther King Jr Dr Chicago, IL 60615 | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1,000 |
| 4720 S Drexel Blvd Chicago, IL 60615 | Studio Apartment | Studio,1BA | $1,005 |
| 4721 S. Ellis Avenue | ells0bd | Studio,1BA | $1,165 |
| Drexel Grand | drxg0bd | Studio,1BA | $1,220 |
| 49th Street Apartments | 1 Bedrooms | 1BR,1BA | $1,275 |
| 1101 E. Hyde Park Boulevard | 1101-1bG | 1BR,1BA | $1,375 |
| The Sutherland | suthm-0bA | Studio,1BA | $1,375 |
Best Value Apartments for Rent in Grand Boulevard, IL
As of January 17, 2026 the best value apartment in the Grand Boulevard area is the $1.60 price per square foot 3935 S Wells St Model at 3935 S Wells St, Unit 1 in the in the Douglas neighborhood starting from $4,800. The second greatest value Grand Boulevard apartment is the 3935 S Wells St Model at 3935 S Wells St, Unit 1 starting at $4,800 with a $1.60 price per square foot in the Douglas neighborhood. Here is today’s list of the best values for Grand Boulevard apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 3935 S Wells St, Unit 1 | 3935 S Wells St | 4BR,4BA | $1.60 |
| 3935 S Wells St, Unit 1 | 3935 S Wells St | 4BR,4BA | $1.60 |
| 3935 S Wells St, Unit 1 | 3935 S Wells St | 4BR,4BA | $1.60 |
| 5127 S Indiana Ave, Unit G | 5127 S Indiana Ave | 4BR,2BA | $1.23 |
| 4313 S King Dr | 3 x 2 | 3BR,2BA | $1.40 |
| 5046 S Champlain Ave 612 E 51st St Chicago, IL 60615 | 3 Bedroom 1 Bath Apartment | 3BR,1BA | $1.37 |
| 5032 S Princeton Ave, Unit 1 | 5032 S Princeton Ave | 2BR,1BA | $1.29 |
| 5015 S Champlain Ave Chicago, IL 60615 | 2 Bedroom 1 Bath Apartment with Dining | 2BR,1BA | $1.41 |
| 824 E 53rd St | 1 Bed | 1BR,1BA | $1.19 |
| 5130 S Dr Martin Luther King Jr Dr Chicago, IL 60615 | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1.43 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
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Read ArticleA Local Expert's Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago
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Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Pet Friendly LifestyleGrand Boulevard, Chicago, IL
Ranked #63
Among cities in Illinois for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Frequently Asked Questions about Cheap Grand Boulevard Apartments
What is the Cheapest Studio apartment in Grand Boulevard?
Currently the most affordable Cheap Studio Apartment in Grand Boulevard is at 824 E 53rd St listed at $850.
How much is rent for a Cheap One Bedroom Grand Boulevard Apartment?
The lowest price for a Cheap One Bedroom Grand Boulevard Apartment is $950 at 824 E 53rd St.
What is the lowest price for a Cheap Two Bedroom Grand Boulevard Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Grand Boulevard is starting from $1,415 at 5046 S Champlain Ave 612 E 51st St Chicago, IL 60615.
What is the most affordable Grand Boulevard Three Bedroom Apartment?
The best deal on a cheap Grand Boulevard Three Bedroom Apartment rental is at 5046 S Champlain Ave 612 E 51st St Chicago, IL 60615 and starts from $2,025.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Helpful Local Expert Guides

A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago
Written by: Nicole Harms
I’m Nicole, your ApartmentHomeLiving.com Local Expert for Chicago, IL. As a resident of the Chicago area for over 20 years, I’ve learned which neighborhoods are great and which are best avoided.

Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago
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With world-class museums lining its streets, Chicago is a place people go to learn. It’s not surprising, therefore, that it’s also home to multiple colleges and universities with national and global reputations.

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Articles, How-To's, and Tips

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Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!