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from $699Studio Apartments Available Now
5748 Blackstone By 3L Living
5748 S Blackstone AveChicago, IL 60637
Cheap Apartments for Rent in the Hyde Park Neighborhood of Chicago, IL from $500 (74 Rentals)
Search the lowest-cost Apartments available for rent right now in the Hyde Park area of Chicago.
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from $699Studio Apartments Available Now
5445 Ingleside By 3L Living
5445 S Ingleside AveChicago, IL 60615
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from $715Studio Apartments Available Jul 1
5540 Hyde Park by 3L Living
5540 S Hyde Park BlvdChicago, IL 60637
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from $936Studio to 2 Bedroom Apartments Available Now
Scholars Corner Apartments
1553 E Hyde Park BlvdChicago, IL 60615
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from $985Studio to 1 Bedroom Apartments Available Now
5136 S Kimbark Ave
5136 S Kimbark AveChicago, IL 60615
5451 S Cornell Ave
ChicagoIL60615
5451 S Cornell Ave
ChicagoIL60615
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from $1,015Studio to 1 Bedroom Apartments Available Now
2Sisters Apartments
5123 S Kimbark AveChicago, IL 60615
5451 S Cornell Ave
ChicagoIL60615
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.
5451 S Cornell Ave
ChicagoIL60615
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from $1,027Studio to 1 Bedroom Apartments Available Now
The Victorian Apartments
5326 S Cornell AveChicago, IL 60615
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from $1,045Studio to 2 Bedroom Apartments Available Jul 8
The Versailles Apartments
1374 E 53rd StChicago, IL 60615
5451 S Cornell Ave
ChicagoIL60615
5451 S Cornell Ave
ChicagoIL60615
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from $1,050Studio Apartments Available Now
Cornell (The Greenstone)
5424 S Cornell AveChicago, IL 60615
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from $1,069Studio to 2 Bedroom Apartments Available Now
Museum Walk Apartments
5541 S Everett AveChicago, IL 60637
5206 S Harper Ave
ChicagoIL60615
5451 S Cornell Ave
ChicagoIL60615
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from $1,150Studio to 2 Bedroom Apartments Available Now
5300-5308 S. Hyde Park Boulevard
5300-5308 S Hyde Park BlvdChicago, IL 60615
5451 S Cornell Ave
ChicagoIL60615
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.
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from $1,172Studio to 2 Bedroom Apartments Available Jun 17
Campus Court Apartments
5417-5423 S Harper AveChicago, IL 60615
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from $1,215Studio to 2 Bedroom Apartments Available Now
The Flamingo Apartments
5500 S Shore DrChicago, IL 60637
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from $1,215Studio to 2 Bedroom Apartments Available Now
Drexel Grand
5220 S Drexel AveChicago, IL 60615
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from $1,2301 Bedroom Apartments Available Now
5020 S Woodlawn Ave
5020-5030 S Woodlawn AveChicago, IL 60615
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from $1,251Studio to 2 Bedroom Apartments Available Now
Mayfair Apartments
5496 S Hyde Park BlvdChicago, IL 60615
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from $1,275Studio to 1 Bedroom Apartments Available Now
5405-5407 S. Woodlawn Avenue
5405-5407 S Woodlawn AveChicago, IL 60615
5451 S Cornell Ave
ChicagoIL60615
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from $1,3001 Bedroom Apartments Available Jul 7
5469 S Everett Ave
5469 S Everett AveChicago, IL 60615
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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from $1,3151 to 2 Bedroom Apartments Available Now
Madison Park Apartments
1380 E Hyde Park BlvdChicago, IL 60615
5704 S Harper Ave
ChicagoIL60637
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from $1,385Studio to 2 Bedroom Apartments Available Now
Algonquin Apartments
1606 E Hyde Park BlvdChicago, IL 60615
5020 S Blackstone Ave
ChicagoIL60615
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from $1,399Studio to 2 Bedroom Apartments Available Now
East Park Tower
5242 S Hyde Park BlvdChicago, IL 60615
5240 S Drexel Ave
ChicagoIL60615
5250 S Drexel Ave
ChicagoIL60615
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Rent Specials
from $1,425Studio to 4 Bedroom Apartments Available Now
Hyde Park West
5325 S Cottage Grove AveChicago, IL 60615
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from $1,450Studio to 3 Bedroom Apartments Available Now
Twin Towers Apartments
1649 E 50th StChicago, IL 60615
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Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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Hyde Park - One of the Best Affordable Neighborhoods in Chicago
Named as one of the Best Affordable Neighborhoods to rent in Chicago by our Chicago, IL Local Expert Nicole Harms. See how it ranks!
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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 | $1,455 | $699 | $5,055 |
| Hyde Park 1 Bedroom Apartments | $2,152 | $1,150 | $6,150 |
| Hyde Park 2 Bedroom Apartments | $2,765 | $1,600 | $8,985 |
| Hyde Park 3 Bedroom Apartments | $3,515 | $1,600 | $10,000+ |
| Hyde Park 4 Bedroom Apartments | $4,636 | $3,100 | $10,000+ |
| Hyde Park 5 Bedroom Apartments | $4,441 | $3,500 | $5,549 |
Browse Apartments in this Neighborhood
There are currently 74 rentals with your search options within a 2 mile radius of the Hyde Park Neighborhood of Chicago, IL.
See all Apartments in ChicagoExplore Chicago
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 $699. 5748 Blackstone By 3L Living has the second lowest priced unit, which is a Studio apartment currently listed from $699. 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 | $699 |
| 5748 Blackstone By 3L Living | No Kitchenette with Shared Bathroom | Studio,1BA | $699 |
| 5120 S. Hyde Park Boulevard | 5120-0bA | Studio,1BA | $935 |
| 5136 S Kimbark Ave | Studio | Studio,1BA | $985 |
| 2Sisters Apartments | Studio Floor Plan S3 | Studio,1BA | $1,015 |
| 5528-5532 S. Everett Avenue | 5528-0bB | Studio,1BA | $1,045 |
| The Versailles Apartments | Studio Floor Plan S3 | Studio,1BA | $1,048 |
| Cornell (The Greenstone) | Small Studio | Studio,1BA | $1,050 |
| Museum Walk Apartments | Studio Floor Plan S4 | Studio,1BA | $1,065 |
| The Victorian Apartments | Studio Floor Plan S2 | Studio,1BA | $1,072 |
Best Value Apartments for Rent in Hyde Park, IL
As of June 11, 2025 the best value apartment in the Hyde Park area is the $1.51 price per square foot 5218-5bC Model at 5218-5220 S. Kimbark Avenue in the in the Hyde Park neighborhood starting from $3,100. The second greatest value Hyde Park apartment is the 5508-4bD Model at 5508 S. Cornell Avenue starting at $3,300 with a $1.72 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. |
|---|---|---|---|
| 5218-5220 S. Kimbark Avenue | 5218-5bC | 5BR,2BA | $1.51 |
| 5508 S. Cornell Avenue | 5508-4bD | 4BR,3BA | $1.72 |
| 5429 S. Woodlawn Avenue | 5429-3bd | 3BR,2BA | $1.88 |
| 5468-70 S. Hyde Park Boulevard | 5468-4bC | 4BR,2BA | $1.69 |
| 5229 S. Drexel Avenue | 5229-3bB | 3BR,2BA | $1.55 |
| Greenwood 5201 | gnwd3bd | 3BR,1BA | $1.78 |
| 5401 Cornell by 3L Living | 2BR/1.0BA | 2BR,1BA | $1.75 |
| 5128-5132 S. Cornell Avenue | 5128-2bC | 2BR,1BA | $1.77 |
| 5223 S Drexel Ave, Unit 2N | 5223 S Drexel Ave | 3BR,1BA | $1.78 |
| 5020 S Woodlawn Ave | 1 Bedroom | 1BR,1BA | $1.73 |
Quick 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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Pet Friendly LifestyleHyde Park, Chicago, IL
Ranked #51
Among neighborhoods in Chicago, IL for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet 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 $1,072.
What is the price of a cheap apartment in Hyde Park?
The cheapest apartment in Hyde Park is 5136 S Kimbark Ave which is listed at $1,150, while the average apartment in Hyde Park costs $4,300.
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 7 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 $201 which is $4,099 cheaper than the average rent for all rentals in Hyde Park.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
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.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.