Cheap Homes for Rent in Grand Boulevard Neighborhood of Chicago, IL from $1,000 (17 Rentals)

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Search the lowest-cost Homes available for rent right now in the Grand Boulevard area of Chicago.

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

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Grand Boulevard, Chicago, IL Local Guide

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 801-05 E Drexel Square priced from $860. 4901 S Drexel Blvd has the second lowest priced unit, which is a Studio apartment currently listed from $890. Here are the most affordable Grand Boulevard apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
801-05 E Drexel SquareStudio ApartmentStudio,1BA$860
4901 S Drexel BlvdStudio ApartmentStudio,1BA$890
4720 S Drexel BlvdStudio ApartmentStudio,1BA$940
4721 S. Ellis Avenueells0bdStudio,1BA$1,055
5049 S. Drexel Boulevard5049-0bAStudio,1BA$1,095

Best Value Apartments for Rent in Grand Boulevard, IL

As of March 21, 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 ListingModel NameBed/BathPrice Per Sq.Ft.
1015 E Hyde Park Blvd, Unit 31015 E Hyde Park Blvd5BR,3BA$1.09
507 E Oakwood Blvd, Unit 1507 E Oakwood Blvd4BR,2BA$1.16
5229 S. Drexel Avenue5229-3bB3BR,2BA$1.64
1118 E Hyde Park Blvd, Unit GS1118 E Hyde Park Blvd4BR,2BA$2.00
4552 S Evans Ave, Unit 14552 S Evans Ave3BR,2BA$1.92
5023 S Indiana Ave, Unit 15023 S Indiana Ave3BR,1BA$2.00
Greenwood 5201gnwd1bc11BR,1BA$1.82
918 E. Hyde Park Boulevard918h1bb1BR,1BA$1.91
4750 S Calumet Ave2 Bedroom 1 Bath Apartment2BR,1BA$1.91
Lake Grove Village1A1BR,1BA$1.78

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Frequently Asked Questions about Grand Boulevard

What type of rentals are currently available in Grand Boulevard?

There are currently 651 Apartments for Rent in Grand Boulevard, IL with pricing that ranges from $890 to $9,580. There are also 81 Single Family Homes for rent, Condos, and Townhome rentals currently available in Grand Boulevard ranging from $1,000 to $6,000.

What is the current price range for Rental Homes in Grand Boulevard?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Grand Boulevard ranges from $1,000 to $6,000 with an average monthly rent of $2,998.

How much are larger Three and Four Bedroom Rentals in Grand Boulevard?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Grand Boulevard range from $1,485 to $4,333, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $4,000. Four Bedroom Single-Family rentals are also available starting from $2,300 and Four Bedroom Apartments start at $2,300.

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.

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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.

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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.

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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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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.