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$639 - $1,998Studio to 3 Bedroom Apartments Available Now
5445 Ingleside By 3L Living
5445 S Ingleside AveChicago, IL 60615
Cheap Apartments for Rent in the Hyde Park Neighborhood of Chicago, IL from $500 (69 Rentals)
Search the lowest-cost Apartments available for rent right now in the Hyde Park area of Chicago.
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$688 - $786Studio Apartments Available Now
5540 Hyde Park by 3L Living
5540 S Hyde Park BlvdChicago, IL 60637
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$688 - $1,499Studio to 2 Bedroom Apartments Available Now
5748 Blackstone By 3L Living
5748 S Blackstone AveChicago, IL 60637
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$919 - $1,282Studio to 1 Bedroom Apartments Available Now
5401 Cornell by 3L Living
5401 S Cornell AveChicago, IL 60615
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$980 - $3,091Studio to 2 Bedroom Apartments Available Now
Scholars Corner Apartments
5100 S Cornell AveChicago, IL 60615
5214 S Woodlawn Ave
ChicagoIL60615
5210 S Woodlawn Ave
ChicagoIL60615
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$1,055 - $2,316Studio to 2 Bedroom Apartments Available Now
Museum Walk Apartments
5541 S Everett AveChicago, IL 60637
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$1,095 - $2,395Studio to 2 Bedroom Apartments Available Now
The Versailles Apartments
1374 E 53rd StChicago, IL 60615
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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
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$1,125 - $3,153Studio to 2 Bedroom Apartments Available Now
The Flamingo Apartments
5500 S Shore DrChicago, IL 60637
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5419 S Harper Ave
ChicagoIL60615
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$1,203 - $2,156Studio to 1 Bedroom Apartments Available Now
2Sisters Apartments
5123 S Kimbark AveChicago, IL 60615
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$1,2301 Bedroom Apartments Contact Us For Availability
5020 S Woodlawn Ave
5020-5030 S Woodlawn AveChicago, IL 60615
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Rent Specials
$1,362 - $3,1111 to 2 Bedroom Apartments Available Now
Madison Park Apartments
1380 E Hyde Park BlvdChicago, IL 60615
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$1,405 - $2,744Studio to 2 Bedroom Apartments Available Now
Mayfair Apartments
5496 S Hyde Park BlvdChicago, IL 60615
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$1,417 - $4,368Studio to 3 Bedroom Apartments Available Now
Twin Towers Apartments
1649 E 50th StChicago, IL 60615
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$1,425 - $3,225Studio to 4 Bedroom Apartments Available Now
Hyde Park West
5325 S Cottage Grove AveChicago, IL 60615
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
5214 1/2 S Drexel Ave
ChicagoIL60615
5244.5 S Drexel Ave
ChicagoIL60615
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Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago
Learn about the best things about living in Chicago from a local in the Insiders Guide to Renting in Chicago. Find your perfect Chicago apartment today!
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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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Studio to 1 Bedroom Apartments
5114-5118 South Kimbark Avenue Apartments
5114-5118 S Kimbark AveChicago, IL 60615
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The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
Hyde Park, Chicago, IL Local Guide
Copyright CoStar Group, Inc
How much does it cost to rent an apartment in Hyde Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Hyde Park Studio Apartments | $1,068 | $639 | $3,561 |
| Hyde Park 1 Bedroom Apartments | $1,897 | $1,230 | $3,876 |
| Hyde Park 2 Bedroom Apartments | $2,207 | $1,220 | $5,178 |
| Hyde Park 3 Bedroom Apartments | $2,928 | $1,998 | $4,100 |
| Hyde Park 4 Bedroom Apartments | $3,193 | $2,950 | $3,499 |
| Hyde Park 5 Bedroom Apartments | $5,995 | $5,995 | $5,995 |
Browse Apartments in this Neighborhood
There are currently 69 rentals with your search options within a 2 mile radius of the Hyde Park Neighborhood of Chicago, IL.
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Hyde Park, Chicago, IL Local Guide
- Nearby Chicago neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Hyde Park Apartments for Rent
The cheapest available apartment rental in the Hyde Park area of Chicago, IL is a Studio unit found at 5445 Ingleside By 3L Living priced from $639. 5540 Hyde Park by 3L Living has the second lowest priced unit, which is a Studio apartment currently listed from $688. Here are the most affordable Hyde Park apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 5445 Ingleside By 3L Living | Large Co-Living Single Room | Studio,1BA | $639 |
| 5540 Hyde Park by 3L Living | Efficiency Studio - North | Studio,1BA | $688 |
| 5748 Blackstone By 3L Living | No Kitchenette with Shared Bathroom | Studio,1BA | $688 |
| 5401 Cornell by 3L Living | Studio | Studio,1BA | $919 |
| 801-05 E Drexel Square | Studio Apartment | Studio,1BA | $975 |
| Museum Walk Apartments | Studio Floor Plan S1 | Studio,1BA | $1,092 |
| The Versailles Apartments | Studio Floor Plan S7B | Studio,1BA | $1,149 |
| Drexel Grand | drxg0bd | Studio,1BA | $1,175 |
| The Flamingo Apartments | Studio Floor Plan S4 | Studio,1BA | $1,196 |
| 5500 S. Cornell Avenue | 5500-0b1k | Studio,1BA | $1,199 |
Best Value Apartments for Rent in Hyde Park, IL
As of December 08, 2025 the best value apartment in the Hyde Park area is the $1.72 price per square foot 5700-4bA Model at 5700 S. Blackstone Avenue in the in the Hyde Park neighborhood starting from $3,899. The second greatest value Hyde Park apartment is the 5218-5bC Model at 5218-5220 S. Kimbark Avenue starting at $2,895 with a $1.41 price per square foot in the Hyde Park neighborhood. Here is today’s list of the best values for Hyde Park apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 5700 S. Blackstone Avenue | 5700-4bA | 4BR,2BA | $1.72 |
| 5218-5220 S. Kimbark Avenue | 5218-5bC | 5BR,2BA | $1.41 |
| 5429 S. Woodlawn Avenue | 5429-3bd | 3BR,2BA | $1.77 |
| 5111 S. Kimbark Avenue | 5111k4ba | 4BR,2BA | $1.92 |
| 5468-70 S. Hyde Park Boulevard | 5468-4bC | 4BR,2BA | $1.76 |
| 5409 S. Blackstone | 5411_3b2a | 3BR,2BA | $1.72 |
| The Trilogy at Hyde Park | 2 Bedroom | 2BR,2BA | $1.74 |
| Greenwood 5201 | gnwd3bd | 3BR,1BA | $1.76 |
| Harper Court | hrpr2bD | 2BR,2BA | $1.87 |
| 5020 S Woodlawn Ave | 1 Bedroom | 1BR,1BA | $1.73 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
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Best Neighborhoods to Rent in Near Chicago's Top Employers: A Guide for Renters
A Local Expert's Guide to The 10 Best Chicago Neighborhoods near Major Local Employers. Find your perfect Chicago, IL apartment, condo, or rental home today at ApartmentHomeLiving.com
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleA Local Expert's Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago
A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Chicago, IL metro area for affordable living. Find your perfect Chicago Student apartment, condo, or rental home today at ApartmentHomeliving.com
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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If you’re an expert on all things Hyde Park, tell us what you love (and don't) by rating it and writing a review.
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Pet Friendly LifestyleHyde Park, Chicago, IL
Ranked #54
Among cities in Illinois for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Lifestyle Ratings
ApartmentHomeLiving brings you Lifestyle Ratings of rentals in metropolitan areas across the United States, including Chicago. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including rankings of the best places for outdoor amenities like tennis courts, luxury amenities, features that make it easier to raise kids, raising pets, transit options, and other valuable search options. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Getting Around the Hyde Park Neighborhood in Chicago, IL
Walk Score®
90 / 100
Walker’s Paradise
Daily errands do not require a car
Bike Score®
93 / 100
Biker's Paradise
Daily errands can be accomplished on a bike
Transit Score®
65 / 100
Good Transit
Many nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Hyde Park Apartments
What is a cheap apartment in Hyde Park?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Hyde Park is under $1,199.
What is the price of a cheap apartment in Hyde Park?
The cheapest apartment in Hyde Park is 5020 S Woodlawn Ave which is listed at $1,230, while the average apartment in Hyde Park costs $5,995.
What types of apartments are the cheapest in Hyde Park?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 15 regular apartments in Hyde Park that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Hyde Park?
Cheap apartments in Hyde Park have an average cost of $449 which is $5,546 cheaper than the average rent for all rentals in Hyde Park.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Helpful Local Expert Guides
A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago
Written by: Nicole Harms
I’m Nicole, your ApartmentHomeLiving.com Local Expert for Chicago, IL. As a resident of the Chicago area for over 20 years, I’ve learned which neighborhoods are great and which are best avoided.
Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago
Written by: Nicole Harms
With world-class museums lining its streets, Chicago is a place people go to learn. It’s not surprising, therefore, that it’s also home to multiple colleges and universities with national and global reputations.
Best Neighborhoods to Rent in Near Chicago's Top Employers
Written by: Nicole Harms
Whenever life takes me into the city, I’m always impressed with the sheer amount of industry and commerce that it holds. With all of that commerce comes a wide range of employment options.
Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago
Written by: Nicole Harms
From Lake Shore Drive to the O’Hare Airport, the city of Chicago is a study in diversity, resilience, and culture.
Articles, How-To's, and Tips
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.