4 Days Ago
Location
7642 S Exchange Ave, Chicago, IL 60649, USA|South Shore
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Property Overview
7642 S Exchange offers strong overall value with an expert rating of 8.3/10, highlighted by a perfect 10/10 price score and an 8/10 amenities rating that reflects an impressive standard of living. Its 9/10 location rating underscores convenient access to well-rated schools nearby and key neighborhood destinations, while a 7/10 trustworthiness score and 18 detailed photos help provide a clear, transparent picture of the property for prospective renters.
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
Elementary school nearby- Middle school nearby
- High school nearby
Floor plans
| 7642 S Exchange - 5 - 2... | 1 bed | 1 bath | $950 /mo | $350 move in fee. Tenant pays all utilities. 21-30-314-022-1004 |
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Policies and fees
Applicants
Applicants
One-time.
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REQUIRED FEES
Security Deposit
One-time.
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Questions about this property’s policies and fees?
Building details
Property details
| Units | 1 |
|---|
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About 7642 S Exchange
$350 move in fee. Tenant pays all utilities. 21-30-314-022-1004
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.
8.3
/10
Very GoodWith a solid 8.3 out of 10 overall, 7642 S Exchange is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 7642 S Exchange 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.
7642 S Exchange 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, 7642 S Exchange 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.
7642 S Exchange 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 7642 S Exchange 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.
7642 S Exchange 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 7642 S Exchange compares to other nearby properties.
Positives
- Elementary school nearby
- There is an elementary school 0.1 mile away
- Middle school nearby
- There is a middle school 0.4 mile away
- High school nearby
- There is a high school 0.3 mile away
- Images Available
- There are at least 10 photos of this address
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Rent trends in South Shore
1-bedroom apartments at 7642 S Exchange cost about 10% less than the average rent price for 1-bedroom apartments in South Shore.
Median rents as of May 16 2026.
South Shore
Chicago
| Month | Median Rent |
|---|---|
| June 2024 | $1,764 |
| 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 | $1,676 |
| Month | Median Rent |
|---|---|
| June 2024 | $900 |
| July 2024 | $825 |
| August 2024 | $789 |
| September 2024 | $812 |
| October 2024 | $862 |
| November 2024 | $796 |
| December 2024 | $869 |
| January 2025 | $888 |
| February 2025 | $894 |
| March 2025 | $895 |
| April 2025 | $898 |
| May 2025 | $898 |
| June 2025 | $852 |
| July 2025 | $882 |
| August 2025 | $859 |
| September 2025 | $851 |
| October 2025 | $872 |
| November 2025 | $1,016 |
| December 2025 | $888 |
| January 2026 | $903 |
| February 2026 | $953 |
| March 2026 | $941 |
| April 2026 | $930 |
| May 2026 | $928 |
Affordability calculator
Can I afford to live at 7642 S Exchange 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
$38,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $38,000 annually to afford this 1-bedroom monthly rent price of $950.
For more information on rent affordability, visit our rent calculator.
Schools near 7642 S Exchange
Bradwell Community Arts & Science Elementary School
7736 s burnham ave
chicago, IL, 60649
PK, K-8Public
C-
South Shore Fine Arts Elementary School
1415 e 70th st
chicago, IL, 60637
PK, K-8Public
C
Woodlawn Elementary Community School
6657 s kimbark ave
chicago, IL, 60637
PK, K-6Public
C
Sadlowski Elementary School
3930 e 105th st
chicago, IL, 60617
PK, K-8Public
C-
Ariel Elementary Community Academy
1119 e 46th st
chicago, IL, 60653
PK, K-8Public
C-
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Internet available near 7642 S Exchange
Getting around Chicago near 7642 S Exchange Ave
Walking
6/10
Some shops and stores are within a few minutes.
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 7642 S Exchange Ave, Chicago
Groceries
8/10
At least one supermarket within a 15-minute walk
Shopping
5/10
Variety of shops within walking distance
Cafes
2/10
Few or no cafés within walking distance
Restaurants
5/10
Variety of restaurants within walking distance
Primary schools
10/10
At least one elementary school within a 5-minute walk
High schools
9/10
At least one high school within a 10-minute walk
Parks
9/10
Exceptionally large amount of park space within a few minutes’ walk
Nightlife
1/10
Few or no bars within walking distance
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