Apartments for Rent in Grand Boulevard, Chicago, IL

Grand Boulevard, Chicago apartment availability

Grand Boulevard's rental market offers a strong selection of listings, with an average of 182 rentals available each month in 2024. The neighborhood's inventory is diverse, featuring a mix of 1-bedroom, 2-bedroom, and 3-bedroom apartments, with the latter being the most prevalent. Many of these apartments offer desirable amenities, including hardwood floors, found in 49% of rentals, and in-unit laundry, available in 51% of apartments. On-site laundry facilities are also a common feature, offered in 31% of rentals. With its varied housing stock and range of amenities, Grand Boulevard is a neighborhood worth considering for renters seeking a comfortable and convenient living experience.

Grand Boulevard, Chicago rental market trends

The Grand Boulevard neighborhood in Chicago saw a modest 4.7% increase in average monthly rent last year, reaching $1,995. Breaking it down by bedroom count, 1-bedrooms averaged $1,309 per month, a 2.5% decrease from the previous year. In contrast, 3-bedrooms experienced a significant 10.2% increase, reaching $2,375 per month. Studio apartments saw the most substantial growth, with a 54.3% increase to $1,894 per month.

In terms of seasonal trends, December typically has the highest rent, with an 8.8% increase compared to February, the month with the lowest rent. If you're looking for a new apartment, February might be a good time to find a deal. On the other hand, if you're a landlord, December may be the best time to capitalize on higher demand. Keep in mind that these trends can help you navigate the rental market in Grand Boulevard and make informed decisions.

Why Grand Boulevard, Chicago is a great place to live

Grand Boulevard is a top choice for renters prioritizing social living and environmental sustainability. The neighborhood's high walk score, transit frequency, and street infrastructure make it an ideal spot for those who value being out and about with friends. Additionally, the area's age distribution and safety features contribute to its social appeal. For eco-conscious renters, Grand Boulevard stands out with its use of non-toxic paint, waste recycling and composting programs, and incorporation of sustainable materials in construction. The neighborhood's parks and recreation spaces, rainwater harvesting systems, and community solar projects further enhance its environmental sustainability. Overall, Grand Boulevard offers a unique blend of social and eco-friendly living.