
Cheap Student Apartments for Rent in the Hyde Park Neighborhood of Chicago, IL from $500 (3 Rentals)
Student Housing Options in the Hyde Park area of Chicago.
Cheap Apartments in the Hyde Park area of Chicago.

Top Neighborhoods Near Chicago Colleges and Universities
Learn about the best Chicago neighborhoods for student renters by our Chicago, IL Local Expert Nicole Harms
Deciding Between a Student Apartment or a Dorm?
If you have the option of living off campus in your own apartment...that is the sure fire way to go! Learn a few reasons why. Click below to read more.
Hyde Park, Chicago, IL Local Guide

How much does it cost to rent an apartment in Hyde Park?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Hyde Park Studio Apartments | $1,426 | $699 | $5,055 |
Hyde Park 1 Bedroom Apartments | $2,239 | $1,199 | $7,185 |
Hyde Park 2 Bedroom Apartments | $2,884 | $1,614 | $10,000+ |
Hyde Park 3 Bedroom Apartments | $3,671 | $1,600 | $10,000+ |
Hyde Park 4 Bedroom Apartments | $4,867 | $2,500 | $10,000+ |
Hyde Park 5 Bedroom Apartments | $4,386 | $3,500 | $5,549 |
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Hyde Park, Chicago, IL Local Guide
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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.
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 $1,093.
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 $4,122.
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 8 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 $231 which is $3,891 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.