Updated 2 Days Ago
Location
4503 S Michigan Ave #1, Chicago, IL 60653, USA|Grand Boulevard
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Floor plans
| 4503 South Michigan Avenue, Unit 1 | 3 bed | 2 bath | $2,537 /mo | 3 bedroom, 2 bathroom apartment at 4503 S Michigan Ave, Unit 1, in Bronzeville. Rent is $2,537 per month. Available now. No dedicated parking. Contact Omar Bucio at (630) 492-6365 or ****, Fulton Grace Realty. |
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One-time.
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REQUIRED FEES
Security Deposit
One-time. Refundable.
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Building details
Property details
| Lease terms | 12+ months |
|---|
About 4503 South Michigan Avenue, Unit 1
3 bedroom, 2 bathroom apartment at 4503 S Michigan Ave, Unit 1, in Bronzeville. Rent is $2,537 per month. Available now. No dedicated parking. Contact Omar Bucio at (630) 492-6365 or ****, Fulton Grace Realty.
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.0
/10
Very GoodWith a solid 8 out of 10 overall, 4503 South Michigan Avenue, Unit 1 is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 4503 South Michigan Avenue, Unit 1 has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
Price·9A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
4503 South Michigan Avenue, Unit 1 stands out with a remarkable rating of 9/10 for its cost per bedroom compared to other rentals in the area. Considering the excellent balance between price, convenience, and comfort that it provides, residents enjoy a high-quality living experience.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, 4503 South Michigan Avenue, Unit 1 is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
4503 South Michigan Avenue, Unit 1 is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While 4503 South Michigan Avenue, Unit 1 does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
4503 South Michigan Avenue, Unit 1 provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 4503 South Michigan Avenue, Unit 1 compares to other nearby properties.
Considerations
- Greater distance from high schools
- The nearest high school is farther than 0.6 miles away
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Rent trends in Grand Boulevard
3-bedroom apartments at 4503 South Michigan Avenue, Unit 1 cost about 1% more than the average rent price for 3-bedroom apartments in Grand Boulevard.
Median rents as of Oct 31 2026.
Grand Boulevard
Chicago
| Month | Median Rent |
|---|---|
| November 2024 | $1,551 |
| December 2024 | $1,501 |
| January 2025 | $1,483 |
| February 2025 | $1,495 |
| March 2025 | $1,520 |
| April 2025 | $1,512 |
| May 2025 | $1,502 |
| June 2025 | $1,531 |
| July 2025 | $1,580 |
| August 2025 | $1,516 |
| September 2025 | $1,473 |
| October 2025 | $1,495 |
| November 2025 | $1,520 |
| December 2025 | $1,495 |
| January 2026 | $1,496 |
| February 2026 | $1,516 |
| March 2026 | $1,657 |
| April 2026 | $1,637 |
| May 2026 | $1,684 |
| June 2026 | $1,691 |
| July 2026 | $1,658 |
| August 2026 | $1,650 |
| September 2026 | $1,650 |
| October 2026 | $1,731 |
| Month | Median Rent |
|---|---|
| November 2024 | $850 |
| March 2025 | $1,037 |
| April 2025 | $1,312 |
| May 2025 | $1,004 |
| June 2025 | $1,108 |
| July 2025 | $1,011 |
| August 2025 | $770 |
| September 2025 | $800 |
| October 2025 | $727 |
| November 2025 | $612 |
| December 2025 | $651 |
| January 2026 | $650 |
| February 2026 | $718 |
| March 2026 | $852 |
| April 2026 | $767 |
| May 2026 | $803 |
| June 2026 | $652 |
| July 2026 | $600 |
| August 2026 | $510 |
| September 2026 | $450 |
| October 2026 | $450 |
Affordability calculator
Can I afford to live at 4503 S Michigan Ave #1?
Bedrooms
3 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$101,480/yr
With your selected rent-to-income ratio, you'd ideally want to make $101,480 annually to afford this 3-bedrooms monthly rent price of $2,537.
For more information on rent affordability, visit our rent calculator.
Schools near 4503 South Michigan Avenue, Unit 1
Bronzeville Classical Elementary School
8 w root st
chicago, IL, 60609
K-6Public
A-
Ariel Elementary Community Academy
1119 e 46th st
chicago, IL, 60653
PK, K-8Public
C-
Bridgeport Child Development Center
3053 s normal ave
chicago, IL, 60616
PKPublic
Chicago Commons Paulo Freire Center
1653 west 43rd st
chicago, IL, 60609
PKPublic
Thomas Early Childhood Center
3625 s hoyne ave
chicago, IL, 60609
PKPublic
Getting around Chicago near 4503 S Michigan Ave #1
Walking
7/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
6/10
This area is close to freeways and has adequate parking options.
Cycling
7/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
7/10
Popular public transit options are just a short walk from this location.
Points of interest for 4503 S Michigan Ave #1, Chicago
Groceries
6/10
At least one supermarket within a 15-minute walk
Shopping
6/10
Several shops within walking distance
Cafes
5/10
Some cafés within a few minutes’ walk
Restaurants
6/10
Some restaurants within a few minutes’ walk
Primary schools
8/10
At least one elementary school within a 10-minute walk
High schools
7/10
At least one high school within a 15-minute walk
Parks
8/10
Large amount of park space nearby
Nightlife
4/10
Some bars within walking distance
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