- Apartment
- Apartment
- Available
About Drexel Terrace, Chicago
- Price from
- $1,395 / mo
- Range $1,395 – $1,720 / mo
- Room types
- 2 options
- Apartment
- Move-in from
- 26 Oct 2026
- Lease length
- 52 weeks
Drexel Terrace is located at 5043 S Drexel Ave, Chicago, 60615, United States. These apartments in Chicago offer private & 2-bedroom Chicago apartments. Proximity to key educational institutions is a highlight, with the University of Chicago (an 8-minute drive away) & VanderCook College of Music (an 11-minute drive away) nearby. being a standout for its close vicinity. Schools like Ancona School & Beulah Shoesmith Elementary School are nearby. Working Professionals will love the location of Drexel Terrace as it’s close to corporate hubs & city center.
Chicago, Illinois, is a bustling metropolis known for its iconic skyline, rich history, & diverse cultural scene. With a population exceeding 2.6 million, it’s the third-largest city in the United States & a hub for education, business, & entertainment. The city offers an exciting blend of urban energy & neighborhood charm, making it an attractive destination for students & young professionals. The cost of living in Chicago ranges from $1,500-$2,500 per month, depending on lifestyle. The city has a safety index of 45.2 & 95.4% employment rate. Additionally, the city is a job market powerhouse offering students & professionals ample internship & career opportunities.
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Drexel Terrace Chicago, provided by MAC Properties, is ideally situated in one of the best neighborhoods in Chicago, adding convenience & liveliness to residents' lives. With its prime location, comfortable amenities, & reliable property management, Drexel Terrace stands out as an ideal option for residents who value both their academic & personal lives. Looking for more apartments for rent in Chicago? Check out 5300 S. Drexel Avenue.
Features
- Drexel Terrace apartments offer a blend of comfort & convenience, perfect for residents seeking premium Chicago housing. Featuring a variety of room types, the residence caters to diverse preferences with cozy 1 Bed 1 Bath setups & more spacious 2 Beds 1 Bath configurations, all accented with chic Wooden Flooring for a touch of elegance. The floor plan goes up to 650 sqft.
- When it comes to common amenities, Drexel Terrace Chicago is designed to maximize residents' lifestyles. A laundry center is conveniently located on-site, making the mundane task of washing clothes hassle-free. For those with cars, the Parking solutions available are as practical as they are safe. A serene private backyard offers a tranquil escape where residents can relax & catch some fresh air. Managed by the reputable MAC Properties, this residence ensures that it’s close to public transportation. It’s designed in Contemporary Architectural Styles. Drexel Terrace is also pet-friendly, so you can get your fluffy friend here. The highlight of these Chicago apartments is their top amenities & it's often mentioned at Drexel Terrace reviews.
Nearby places
- Centrally located in the bustling heart of the city, Drexel Terrace, Chicago housing offers more than just a place to rest your head. Top universities like Illinois College of Optometry (2.9 miles away), Illinois Institute of Technology (3.2 miles away) & East West University (5.5 miles away) are nearby. Children’s education is covered by James Farmer Jr. Elementary School & Bronzeville Classical Elementary School. Additionally, Grubhub & mHub corporate hubs are nearby, so the commute becomes short for working professionals.
- Just outside your door, indulge in an array of culinary delights at Valois Restaurant, satisfy your caffeine fix at the trendy Robust Coffee Lounge, or grab your essentials at Hyde Park Produce. When evening falls, local hotspots like The Promontory & Cove Lounge become the go-to gathering places for residents. The location of Drexel Terrace, Chicago housing, promises a perfect blend of academia & leisure, being one of the apartments near University of Chicago, highly regarded for its rigorous curriculum. For older adults, the nearby Washington Park offers a green oasis amongst the urban landscape. Fitness enthusiasts can take advantage of the expanse for a morning jog or a stroll. The iconic Museum of Science and Industry & the enchanting Hyde Park Art Center provide an infusion of inspiration and innovation just a short commute away.
- Ensuring the well-being of its residents, the area boasts top-notch medical facilities with the presence of the University of Chicago Medical Center, ready to serve. The Drexel Terrace, Chicago’s location, undoubtedly caters to a holistic lifestyle, social engagements, & well-being seamlessly. As evident, Drexel Terrace Chicago is more than Chicago apartments; it's a gateway to a full & lively experience amidst the city's most inspiring offerings.
Commute
- Getting around Chicago from Drexel Terrace Chicago IL is a breeze due to the variety of transportation options available. Residents can enjoy the convenience of having several public transport stops within a short walk. Key transit points like the 51st/53rd St. (Hyde Park) (0.9 mile away) train station & 51st Street Station (Green Line) (0.8 mile away) subway station are easily accessible. Bus commuters will find the E Hyde Park & Drexel (341 ft away) & 51st Street & Drexel Square (351 ft away) bus stops just around the corner. The proximity to these transport services assures that commuting from Drexel Terrace is easy.
Rooms & prices
Choose a room to enquire about it directly.
2 room options

1 Bed 1 Bath
ApartmentAvailable- Private bathroom
- 1 bedroom
- Move in 26 Oct 2026
- 52 weeks
Hardwood Floors
Enquire for this room$1,395 / mo
3 photos2 Bed 1 Bath
ApartmentAvailable- Shared bathroom
- 2 bedrooms
- Move in 26 Oct 2026
- 52 weeks
Wood Laminate Floors
Enquire for this room$1,720 / mo
Amenities
4 facilities confirmed for this residence.
Essentials
- Private bathroom
Living & social
- Laundry
Services
- Parking
- Pet friendly
Show all 6 amenitiesHide full list
- Laundry Center
- Close Proximity To Public Transportation
- Contemporary Architectural Styles
- Parking Available
- Private Back Yard
- Pet Friendly
Ratings & reviews
4.5/ 5
Based on resident feedback
- Location
- 4.9 / 5
- Value for money
- 4.9 / 5
- Cleanliness
- 4.3 / 5
- Staff
- 4.3 / 5
- Amenities
- 4.9 / 5
- Internet
- 3.5 / 5
- Social life
- 4.9 / 5
Conveniently located near the University of Chicago and Illinois Institute of Technology, Drexel Terrace offers affordable living with no security deposits required. This pet-friendly community features on-site laundry facilities, parking, and a serene courtyard for relaxation. Surrounded by local eateries and cultural attractions, this accommodation provides a vibrant student experience with flexible room options. Students can enjoy a rich social life and easy access to public transportation for seamless commuting.
Location
5043 S Drexel Ave, Chicago, IL 60615, USA
Nearby
- University of Chicago1.0 mi
- Illinois Institute of Technology2.5 mi
- University of Illinois, Chicago5.1 mi
- city center5.4 mi
- School of the Art Institute of Chicago5.5 mi
- University of Illinois5.7 mi
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5043 S Drexel Ave, Chicago, IL 60615, USA, Chicago, United States
Open in Google Maps(opens in a new tab)Bills & policies
Payment
Booking Deposit
- 1. You need to pay an administration fee (non refundable) ranging between $350 - $650, to secure your room with the property.
- 2. Additionally, you will be required to pay an application fee (non refundable) of $50 at the time of booking.
Additional Fees
- If you do not have a good credit then you will be required to pay an assurance fee of $500 at the time of booking.
Guarantor Requirement
- 1. You need to provide a valid US based guarantor to book a room with the property.
- 2. The property does not accept international guarantors.
Cancellation
Cooling Off Period
- The property does not offer any cooling of periods, all contracts are legal and binding.
Delayed Arrivals & travel restrictions
- If you are unable to travel due to government-imposed travel restrictions, please contact the team with the relevant supporting documentation. We will facilitate the request to review your circumstances and explore the possibility of cancellation/contract amendment. Requests are considered individually, and any outcome will depend on the property's review and applicable booking terms.
University Course Cancellation/Modification
- If your course has been cancelled by your university, please reach out to the team with the relevant supporting documentation. We will liaise with the property team to review your request on a case-by-case basis for cancellation. The resolution will be subject to the property's assessment and the terms of your booking.
Deferring Studies
- If you have deferred your studies, please contact the team and share your updated university documentation. We will notify the property team to review your request for cancellation/contract amendment. Requests are assessed individually, and the final outcome will be subject to the property's review and booking terms.
House rules
Pets
- Pets are welcomed members of apartment community and are allowed in most rental buildings. Please note that there are restrictions of certain dog breeds & monthly pet fees will apply.
Room allocation
- Students can indicate specific room number or location preferences during the booking process, and the team will accommodate these preferences wherever possible, based on availability.
Check in guide
- Approximately 2–4 weeks prior to the scheduled move-in date, students will receive check-in instructions via email. This communication will include the steps required to select a check-in date and time slot, complete necessary documentation, and settle any outstanding payments prior to arrival.
- In case of any questions or queries, please feel free to contact the team, and our team will assist to ensure a smooth check-in process.
Renewal policy
- Students who wish to extend their stay can contact the team for renewal or rebooking at the same accommodation. Our team will support the renewal process and help students secure a suitable room of their choice. Students are encouraged to reach out early to ensure they can rebook the same room or another room of their choice at the same property.
Early check in policy
- Early check-in requests can be shared in advance with the team. Our team will do a feasibility check to facilitate early check-in requests based on room readiness and availability. Additional charges may apply where applicable.
Questions about this residence
How much does Drexel Terrace, Chicago cost?
Rooms start from $1,395 / mo across apartment options. Prices vary by room type and tenancy length.
How long can I stay?
Tenancies here run 52 weeks.
When can I move in?
The earliest move-in date listed is 26 Oct 2026. Dates can differ by room, so ask us to confirm the one you want.
Where is Drexel Terrace, Chicago?
Drexel Terrace, Chicago is at 5043 S Drexel Ave, Chicago, IL 60615, USA. It is 1.0 mi from University of Chicago.





