3 Days Ago
Highlights
- Hardwood floors
- Eat-in kitchen
- Spacious two-bed room
- Decorative fireplace
Location
4850 S Michigan Ave, Chicago, IL 60615, USA|Grand Boulevard
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Property Overview
Michigan/49th offers hardwood floors, an eat-in kitchen, a spacious two-bedroom layout, and a decorative fireplace. It is also noted for being 3.61 miles from the nearest grocery store and 3.51 miles from the nearest public transport.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.
Things you’ll love
High school nearby- More space
Floor plans
| 1BR/1.0BA | 1 bed | 1 bath | 950 sqft | $1,495 /mo | 1 unit available | Spacious and light-filled 1Bed/1Bath in Kenwood! Unit features new appliances, large windows, hardwood and vinyl floors, overhead lighting, and crown molding. Close to the lake, park, and other conveniences! Section 8 welcome. To book a showing, click here: https showmojo com d4fdccc0af l |
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Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Building details
Property details
| Units | 24 |
|---|
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About Michigan/49th
Spacious and light-filled 1Bed/1Bath in Kenwood! Unit features new appliances, large windows, hardwood and vinyl floors, overhead lighting, and crown molding. Close to the lake, park, and other conveniences! Section 8 welcome. To book a showing, click here: https showmojo com d4fdccc0af l
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.
8.9
/10
Very GoodWith a solid 8.9 out of 10 overall, Michigan/49th is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, Michigan/49th 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·10A 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.
Michigan/49th offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
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, Michigan/49th 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.
Michigan/49th 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·9A 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.
Michigan/49th has a few standout characteristics that set it apart from similar properties nearby. Having both verified status and features that cater to discerning renters, this is a great option for renters looking for a specific and exceptional lifestyle.
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.
Michigan/49th 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 Michigan/49th compares to other nearby properties.
Positives
- High school nearby
- There is a high school 0.1 mile away
- More space
- The 1-bedroom is 300 sqft larger than other listings nearby
Considerations
- Greater distance from grade schools
- The nearest elementary school is farther than 0.4 mile away
- Lacks images
- Fewer than 10 photos available for this location
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Rent trends in Grand Boulevard
1-bedroom apartments at Michigan/49th cost about 1% more than the average rent price for 1-bedroom apartments in Grand Boulevard.
Median rents as of Jun 13 2026.
Grand Boulevard
Chicago
| Month | Median Rent |
|---|---|
| June 2024 | $1,835 |
| July 2024 | $1,931 |
| August 2024 | $1,691 |
| September 2024 | $1,682 |
| October 2024 | $1,630 |
| November 2024 | $1,568 |
| 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 | $1,695 |
| Month | Median Rent |
|---|---|
| July 2024 | $1,025 |
| August 2024 | $1,012 |
| September 2024 | $943 |
| October 2024 | $915 |
| 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 | $705 |
Affordability calculator
Can I afford to live at 4850 S Michigan Ave?
Bedrooms
1 bedroomRent-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
$59,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $59,800 annually to afford this 1-bedroom monthly rent price of $1,495.
For more information on rent affordability, visit our rent calculator.
Schools near Michigan/49th
Burke Elementary School
5356 s king dr
chicago, IL, 60615
PK, K-8Public
C-
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-
Chicago Commons Paulo Freire Center
1653 west 43rd st
chicago, IL, 60609
PKPublic
Bridgeport Child Development Center
3053 s normal ave
chicago, IL, 60616
PKPublic
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Internet available near Michigan/49th
Getting around Chicago near 4850 S Michigan Ave
Walking
7/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
9/10
Commuting is easy with multiple accessible routes and plenty of parking.
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 4850 S Michigan Ave, Chicago
Groceries
7/10
At least one grocery store within a 15-minute walk
Shopping
6/10
Variety of shops within walking distance
Cafes
6/10
Some cafés within walking distance
Restaurants
6/10
Some restaurants within walking distance
Primary schools
8/10
At least one elementary school within a 10-minute walk
High schools
10/10
At least one high school within a 5-minute walk
Parks
8/10
Large amount of park space nearby
Nightlife
3/10
Few or no bars within walking distance
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