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modified
2 Days Ago

Highlights

  • Pet Friendly

Location

816 E 49th St # 26, Chicago, IL 60615, USA|Kenwood
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Contact

Management

NOVO Properties

Our team has verified this company

Leasing office

(708) 412-7902

Open 

Monday 9:00 am–5:00 pm CT

Property Overview

49th Street Apartments receives an impressive overall Zumper expert rating of 9.7, with notable scores in pricing, location, and amenities, offering residents a strong balance between cost and value. The property ranks in the 85.71 percentile for value for money and the 96.43 percentile for value per square foot, reflecting its competitive pricing relative to similar offerings in the area. With advantageous proximity to a highly-rated elementary school, the property combines quality living with convenient access to essential amenities.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

9.7
Excellent
Earning an outstanding 9.7 out of 10 overall rating, 49th Street Apartments is a shining example of a what an exceptional rental property looks like. Most noteworthy, it excels at Price and Location—these two characteristics alone make this property an excellent choice for anyone seeking an elevated lifestyle with few trade-offs.

Things you’ll love

  • More space
  • Less expensive
  • Elementary school nearby

Great for

  • Pet owners

Floor plans

StudioStudio1 bath600 sqft$1,025 /mo2 units available
1 Bedrooms1 bed1 bath750 sqft$1,225 /mo

Let's explore this property.

Amenities for 49th Street Apartments

Apartment Amenities

Hardwood Floor

Building

Cats OKDogs OK
Onsite Laundry

Services

Radiant Heat and Hot Water IncludedWater, Sewer and Trash Included
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Dog policy

Allowed 
Limit2
Fee$250
Monthly Rent$25

Cat policy

Allowed 
Limit2

| Restrictions: Aggressive breeds

| Restrictions: None

Required one-time fees

Security Deposit$0
Security Deposit. Refundable amount: 100%
Building details

Property details

Units37
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About 49th Street Apartments

HomeApartments in ChicagoKenwood 49th Street Apartments

49th Street Apartments is a 37-unit apartment building located in Kenwood submarket on the south side of Chicago near Chicagos Hyde Park neighborhood and the University of Chicago.


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.
9.7
/10
Excellent
Earning an outstanding 9.7 out of 10 overall rating, 49th Street Apartments is a shining example of a what an exceptional rental property looks like. Most noteworthy, it excels at Price and Location—these two characteristics alone make this property an excellent choice for anyone seeking an elevated lifestyle with few trade-offs.
How we rated 49th Street Apartments
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.
49th Street Apartments 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·9A 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.
49th Street Apartments goes above and beyond to provide sought-after conveniences and desirable perks, including pets allowed. Renters looking for popular or luxurious features will find them here—and for that reason, 49th Street Apartments receives one of the highest amenities scores.
Location·10A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
49th Street Apartments offers residents unparalleled convenience to popular points of interest, transportation, schools, and more, which provide an elevated quality of life. Communication with management is usually quick and easy, allowing for a more expedited application and renting process, saving you time and money.
Quality·10A 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.
49th Street Apartments has notable characteristics that give it an edge. It is a verified property that stands out from others nearby as an exceptional choice for renters looking for a specific lifestyle. Offering a combination of prestige, modernity, and tailored living experiences, residents can expect nothing short of excellence at 49th Street Apartments.
Trustworthiness·9A 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.
49th Street Apartments has gone above and beyond to craft a useful, detailed description, demonstrating transparency and trustworthiness, and giving renters a clear picture of what to expect from the property and its management, so they can make an informed decision about whether the rental meets their needs.

49th Street Apartments is great for:

Pet owners

  • 8 pet supply stores near the property
  • 2 pet grooming services nearby
  • 2 pet hospitals in the area

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 49th Street Apartments compares to other nearby properties.

Positives

More space
Studio is 202 sqft larger than other listings nearby
Less expensive
Studio units are cheaper than other similar listings nearby
More space
The 1-bedroom is 96 sqft larger than other listings nearby
Elementary school nearby
There is an elementary school 0.1 mile away
Less expensive
The 1-bedrooms are cheaper than other similar listings nearby
Laundry available on site
Washers and dryers are available in-building or in-unit
Pet friendly
This property allows pets

Considerations

Greater distance from middle schools
The nearest middle school is farther than 2 miles away

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Rent trends in Kenwood

Studio apartments at 49th Street Apartments cost about 31% less than the average rent price for studios in Kenwood.

1-bedroom apartments here are priced 34% lower than 1-bedrooms in Kenwood.

Median rents as of Aug 30 2025.
Kenwood
Chicago
A table of studio rental data trends in Chicago
MonthMedian Rent
September 2023$1,524
October 2023$1,502
November 2023$1,507
December 2023$1,565
January 2024$1,595
February 2024$1,627
March 2024$1,926
April 2024$1,745
May 2024$1,751
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$1,523
A table of studio rental data trends in Kenwood
MonthMedian Rent
September 2023$1,193
October 2023$1,194
November 2023$1,258
December 2023$1,250
January 2024$1,299
February 2024$1,305
March 2024$1,235
April 2024$1,280
May 2024$1,415
June 2024$1,352
July 2024$1,427
August 2024$1,141
September 2024$1,269
October 2024$1,344
November 2024$1,122
December 2024$1,113
January 2025$1,079
February 2025$1,141
March 2025$1,127
April 2025$1,160
May 2025$1,183
June 2025$1,164
July 2025$1,359
August 2025$1,441

Affordability calculator

Can I afford to live at 816 E 49th St # 26?

Bedrooms

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

$41,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $41,000 annually to afford this studio monthly rent price of $1,025.
For more information on rent affordability, visit our rent calculator.

Schools near 49th Street Apartments

Reavis Elementary Math & Science Special School

834 e 50th st

chicago, IL, 60615

PK, K-8Public
C

Ariel Elementary Community Academy

1119 e 46th st

chicago, IL, 60653

PK, K-8Public
C-

Woodlawn Elementary Community School

6657 s kimbark ave

chicago, IL, 60637

PK, K-6Public
C

South Shore Fine Arts Elementary School

1415 e 70th st

chicago, IL, 60637

PK, K-8Public
C

Thomas Early Childhood Center

3625 s hoyne ave

chicago, IL, 60609

PKPublic
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Internet available near 49th Street Apartments

Getting around Chicago near 816 E 49th St # 26

Walking

8/10
Grab your reusable bags–many shops and stores are within walking distance.

Driving

6/10
This area is accessible to thoroughfares and has ample 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 816 E 49th St # 26, Chicago

Groceries

6/10
At least one grocery store within a 15-minute walk

Shopping

6/10
Variety of shops within walking distance

Cafes

5/10
Some cafés within walking distance

Restaurants

6/10
Some restaurants within walking distance

Primary schools

10/10
At least one elementary school within a 5-minute walk

High schools

8/10
At least one high school within a 10-minute walk

Parks

10/10
Very large amount of park space within a few minutes' walk

Nightlife

3/10
Few or no bars within walking distance

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