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Property Summary
Property Type:
Apartment
Rental Fee:
$1,350
Bedrooms:
1 bed
Bathrooms:
1 bath
Size:
Inquire
Pets:
Inquire
Laundry:
On site
Parking:
Inquire
Available:
Now
ID:
82710864
Amenities
•Laundry Facilities
•Refrigerator
How the Rent Compares
At $1,350 a month, this apartment is well below the typical rent for 1-bedroom apartments and condos in Chicago (about $2,150).
Typical $2,150This home $1,350
$2,960
From 2,100 one-bedroom apartments and condos listed in Chicago on RentalSource in October 2026: the scale holds eight in ten of them, and the shaded band the middle half.
$2,150Typical rent for 1-bedroom apartments and condos in Chicago
The rent has changed twice since it was listed 6+ months ago, from $1,450 to $1,350.
Rent history for this home, newest first
Date
Event
Rent
Change
May 5, 2026
Price change
$1,350+5.9%
+5.9%
June 12, 2025
Price change
$1,275−12.1%
−12.1%
May 20, 2025
Listed for rent
$1,450
These are listed prices. What renters actually paid may have been different.
Affordability Calculator
Can I afford to live at 7048-50 S Merrill Ave?
Bedrooms
1 bedroom
30%
10%Recommended50%
Move the slider to select the percentage of your monthly income you're comfortable spending on rent. Typically, it's advised to spend about 30% or less on housing.
Recommended income
$54,000 /year
With your chosen rent-to-income ratio, an annual income of $54,000 is recommended to comfortably afford this 1-bedroom rental priced at $1,350 per month.