Cheap Homes for Rent in Grand Boulevard Neighborhood of Chicago, IL from $1,200 (16 Rentals)

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

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

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Chicago's Best Affordable Neighborhoods

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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 4901 S Drexel Blvd priced from $910. 4721 S. Ellis Avenue has the second lowest priced unit, which is a Studio apartment currently listed from $1,030. Here are the most affordable Grand Boulevard apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
4901 S Drexel BlvdStudio ApartmentStudio,1BA$910
4721 S. Ellis Avenueells0bdStudio,1BA$1,030
5049 S. Drexel Boulevard5049-0bAStudio,1BA$1,075
Lake Grove Village1B1BR,1BA$1,100
4720 S Drexel BlvdStudio ApartmentStudio,1BA$1,130

Best Value Apartments for Rent in Grand Boulevard, IL

As of May 16, 2025 the best value apartment in the Grand Boulevard area is the $1.79 price per square foot 5118-4bA Model at 5118 S. Greenwood in the in the Hyde Park neighborhood starting from $3,395. The second greatest value Grand Boulevard apartment is the 5229-3bB Model at 5229 S. Drexel Avenue starting at $2,499 with a $1.55 price per square foot in the Hyde Park 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.
5118 S. Greenwood5118-4bA4BR,3BA$1.79
5229 S. Drexel Avenue5229-3bB3BR,2BA$1.55
4529 S Vincennes Ave, Unit 4529 S Vincennes Ave #34529 S Vincennes Ave3BR,2BA$1.00
4552 S Evans Ave, Unit 14552 S Evans Ave3BR,2BA$1.92
Greenwood 5201gnwd3bd3BR,1BA$1.78
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
5222-38 S. Drexel Avenue5222-2b12BR,1BA$1.97
4533 S Michigan Ave, Unit 14533 S Michigan Ave1BR,1BA$1.53
Lake Grove Village1A1BR,1BA$1.78

Quick Rent Budget Calculator

How much rent can you afford?

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Frequently Asked Questions about Grand Boulevard

What type of rentals are currently available in Grand Boulevard?

There are currently 662 Apartments for Rent in Grand Boulevard, IL with pricing that ranges from $910 to $11,625. There are also 70 Single Family Homes for rent, Condos, and Townhome rentals currently available in Grand Boulevard ranging from $1,200 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 $1,200 to $6,000 with an average monthly rent of $2,667.

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 $8,180, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,300 to $4,300. Four Bedroom Single-Family rentals are also available starting from $2,300 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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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.