
Cheap Apartments for Rent in the Grand Boulevard Neighborhood of Chicago, IL from $700 (36 Rentals)
Search the lowest-cost Apartments available for rent right now in the Grand Boulevard area of Chicago.


The Ella Apartments

Rosenwald Courts

4721 S. Ellis Avenue

Lake Grove Village

Ellis Court

4700 Lake Park Apartments

Drexel Grand

Hyde Park West
Chicago's Best Affordable Neighborhoods
Learn about Chicago and the best places to live with original content written by our Chicago, IL Local Expert Nicole Harms

The Sutherland

4841 S St Lawrence Ave, Unit 3
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 | $1,274 | $825 | $4,470 |
Grand Boulevard 1 Bedroom Apartments | $2,006 | $950 | $5,400 |
Grand Boulevard 2 Bedroom Apartments | $2,098 | $1,100 | $6,585 |
Grand Boulevard 3 Bedroom Apartments | $2,788 | $1,485 | $9,150 |
Grand Boulevard 4 Bedroom Apartments | $3,648 | $2,300 | $10,000+ |
Grand Boulevard 5 Bedroom Apartments | $2,575 | $1,550 | $3,600 |
Browse Apartments in this Neighborhood
There are currently 36 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 4901 S Drexel Blvd priced from $825. 4720 S Drexel Blvd has the second lowest priced unit, which is a Studio apartment currently listed from $980. Here are the most affordable Grand Boulevard apartments for rent in Chicago, IL:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
4901 S Drexel Blvd | Studio Apartment | Studio,1BA | $825 |
4720 S Drexel Blvd | Studio Apartment | Studio,1BA | $980 |
4721 S. Ellis Avenue | ells0bd | Studio,1BA | $1,045 |
5049 S. Drexel Boulevard | 5049-0bA | Studio,1BA | $1,075 |
Lake Grove Village | 1B | 1BR,1BA | $1,100 |
Ellis Court | elli0bC | Studio,1BA | $1,195 |
4820 S Michigan Ave | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1,260 |
1363-67 E. 53rd St. | Large Studio | Studio,1BA | $1,290 |
Hyde Park West | Studio 450 | Studio,1BA | $1,315 |
Drexel Grand | drxg1bc | 1BR,1BA | $1,375 |
Best Value Apartments for Rent in Grand Boulevard, IL
As of March 29, 2025 the best value apartment in the Grand Boulevard area is the $1.09 price per square foot 1015 E Hyde Park Blvd Model at 1015 E Hyde Park Blvd, Unit 3 in the in the Hyde Park neighborhood starting from $3,600. The second greatest value Grand Boulevard apartment is the 507 E Oakwood Blvd Model at 507 E Oakwood Blvd, Unit 1 starting at $2,600 with a $1.16 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. |
---|---|---|---|
1015 E Hyde Park Blvd, Unit 3 | 1015 E Hyde Park Blvd | 5BR,3BA | $1.09 |
507 E Oakwood Blvd, Unit 1 | 507 E Oakwood Blvd | 4BR,2BA | $1.16 |
5118 S. Greenwood | 5118-4bA | 4BR,3BA | $1.84 |
5229 S. Drexel Avenue | 5229-3bB | 3BR,2BA | $1.63 |
1118 E Hyde Park Blvd, Unit GS | 1118 E Hyde Park Blvd | 4BR,2BA | $2.00 |
4552 S Evans Ave, Unit 1 | 4552 S Evans Ave | 3BR,2BA | $1.92 |
Paramour | 4850-2bB | 2BR,1BA | $1.90 |
Greenwood 5201 | gnwd1bc1 | 1BR,1BA | $1.82 |
918 E. Hyde Park Boulevard | 918h1bb | 1BR,1BA | $1.91 |
Lake Grove Village | 1A | 1BR,1BA | $1.78 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleGrand Boulevard, Chicago, IL
Ranked #107
Among neighborhoods in Chicago, IL for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Frequently Asked Questions about Cheap Grand Boulevard Apartments
What is a cheap apartment in Grand Boulevard?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Grand Boulevard is under $1,375.
What is the price of a cheap apartment in Grand Boulevard?
The cheapest apartment in Grand Boulevard is Lake Grove Village which is listed at $1,100, while the average apartment in Grand Boulevard costs $2,995.
What types of apartments are the cheapest in Grand Boulevard?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 12 regular apartments in Grand Boulevard that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Grand Boulevard?
Cheap apartments in Grand Boulevard have an average cost of $398 which is $2,597 cheaper than the average rent for all rentals in Grand Boulevard.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.