Zumper
modified
Updated 5+ Days Ago

Highlights

  • Heat included
  • Granite countertops
  • Ample closet space
  • Spacious kitchen
  • New white appliances
  • All-new kitchen

Location

4850 S Michigan Ave, Chicago, IL 60615, USA|Grand Boulevard
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Tour Michigan/49th

Contact

Management

Atlas Asset Management

Leasing office

(312) 757-1686

Property Overview

Michigan/49th earns a strong overall rating with standout value, high quality, and a well-balanced mix of amenities and location. It features heat included, granite countertops, ample closet space, and an all-new kitchen with new white appliances, while also offering strong value for money and value per square foot.

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.

Zumper Expert Rating

9.0
Excellent
Michigan/49th is an excellent find, offering residents a superior living experience with a wide range of desirable features. Residents will particularly enjoy knowing that this property rated highest in Price and Location, which help to make this rental a great place to call home.

Things you’ll love

  • High school nearby
  • More space

Floor plans

1BR/1.0BA1 bed1 bath921 sqft$1,595 /mo1 unit availableSpacious and light-filled 1Bed/1Bath in Kenwood! Unit features large windows, hardwood 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

Let's explore this property.

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property
Building details

Property details

Units24

About Michigan/49th

HomeApartments in ChicagoGrand Boulevard Michigan/49th

Spacious and light-filled 1Bed/1Bath in Kenwood! Unit features large windows, hardwood 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.
9.0
/10
Excellent
Michigan/49th is an excellent find, offering residents a superior living experience with a wide range of desirable features. Residents will particularly enjoy knowing that this property rated highest in Price and Location, which help to make this rental a great place to call home.
How we rated Michigan/49th
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·8A 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.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

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 miles away
More space
The 1-bedroom is 271 sqft larger than other listings nearby

Considerations

Greater distance from grade schools
The nearest elementary school is farther than 0.4 miles away
Lacks images
Fewer than 5 photos available for this property
No laundry facilities available
This property doesn't offer on-site washers and dryers

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Rent trends in Grand Boulevard

1-bedroom apartments at Michigan/49th cost about 16% more than the average rent price for 1-bedroom apartments in Grand Boulevard.

Median rents as of Oct 10 2026.
Grand Boulevard
Chicago
A table of studio rental data trends in Chicago
MonthMedian Rent
October 2024$1,590
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$1,691
July 2026$1,658
August 2026$1,650
September 2026$1,650
October 2026$1,700
A table of studio rental data trends in Grand Boulevard
MonthMedian 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 4850 S Michigan Ave?

Bedrooms

1 bedroom

Rent-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

$63,800/yr

With your selected rent-to-income ratio, you'd ideally want to make $63,800 annually to afford this 1-bedroom monthly rent price of $1,595.
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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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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