Cheap Homes for Rent in Grand Boulevard Neighborhood of Chicago, IL from $1,300 (22 Rentals)

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

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property at 842 E 53rd St

842 E 53rd St

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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 $865. 4901 S Drexel Blvd has the second lowest priced unit, which is a Studio apartment currently listed from $935. 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$865
4901 S Drexel BlvdStudio ApartmentStudio,1BA$935
4720 S Drexel BlvdStudio ApartmentStudio,1BA$975
5049 S. Drexel Boulevard5049-0bAStudio,1BA$1,075
4721 S. Ellis Avenueells0bCStudio,1BA$1,099

Best Value Apartments for Rent in Grand Boulevard, IL

As of April 25, 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 4820 S Champlain Ave Model at 4820 S Champlain Ave, Unit Apt 3 starting at $2,400 with a $0.77 price per square foot in the Grand Boulevard 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
4820 S Champlain Ave, Unit Apt 34820 S Champlain Ave3BR,2BA$0.77
5118 S. Greenwood5118-4bA4BR,3BA$1.84
4918 Ellis S Ave, Unit Ellis duplex4918 Ellis S Ave3BR,2BA$1.54
4552 S Evans Ave, Unit 14552 S Evans Ave3BR,2BA$1.92
Paramour4850-2bB2BR,1BA$1.89
4841 S St Lawrence Ave, Unit 34841 S St Lawrence Ave2BR,1BA$1.40
4421 S Prairie Ave, Unit G4421 S Prairie Ave2BR,1BA$1.35
918 E. Hyde Park Boulevard918h1bb1BR,1BA$1.94
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 658 Apartments for Rent in Grand Boulevard, IL with pricing that ranges from $935 to $11,625. There are also 82 Single Family Homes for rent, Condos, and Townhome rentals currently available in Grand Boulevard ranging from $1,300 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 $1,300 to $6,000 with an average monthly rent of $2,797.

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 $7,844, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,300 to $3,495. Four Bedroom Single-Family rentals are also available starting from $2,200 and Four Bedroom Apartments start at $2,250.

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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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.