In this work, successful efforts have been performed for solubility enhancement of acyclovir. pH‐sensitive β‐Cyclodextrin‐g‐poly methacrylic acid (MAA) hydrogel microparticles were developed. β‐Cyclodextrin, MAA, N,N‐methylene bisacrylamide were used as polymer, monomer, and cross‐linker, respectively. Nine different formulations (BM‐1 to BM‐9) were prepared by aqueous free radical polymerization. Developed microparticles were characterized for FTIR, Differential Scanning Calorimetry/Thermo Gravimetric Analysis, PXRD, energy‐dispersive x‐ray spectroscopy, SEM, TEM, optical microscopy, zeta sizer, percent equilibrium swelling (%ES), solubility studies, and in vitro drug release studies. Higher swelling results (83.68%) were obtained at pH 7.4 in less than 3 h. Porous surfaces with drug were seen in TEM images. Maximum release was observed at pH 7.4 (89.51%). Solubility enhancement was 7.38‐fold in water as compared to pure acyclovir. Thermal stability of grafted microparticles was increased up to 440.13°C. A potential approach for solubility enhancement was successfully developed.