Cheap Apartments for Rent in the Hyde Park Neighborhood of Chicago, IL from $500 (135 Rentals) Page 2 of 3

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Search the lowest-cost Apartments available for rent right now in the Hyde Park area of Chicago.

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5401 S Ellis Ave
Studio to 3 Bedroom Apartments

5401 S Ellis Ave

5401 S Ellis AveChicago, IL 60615
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Ohio Commons
1 to 4 Bedroom Apartments

Ohio Commons

5001 S Drexel BlvdChicago, IL 60615
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Cornell Arms Apartments
Studio to 1 Bedroom Apartments

Cornell Arms Apartments

5212-5220 S Cornell AveChicago, IL 60615
  • Utilities Included

Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible

Looking for a rental near Chicago? These five cities offer excellent options! From small-town charm to excellent business options, you can't go wrong!

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The Carolan Apartments
Studio to 1 Bedroom Apartments

The Carolan Apartments

5480 S Cornell AveChicago, IL 60615
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Ivy Tower
Studio to 1 Bedroom Apartments

Ivy Tower

5455 S Blackstone AveChicago, IL 60615
Student Housing
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The Max Apartments
Studio to 1 Bedroom Apartments

The Max Apartments

5135 S Blackstone AveChicago, IL 60615
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The Columbian
Studio to 1 Bedroom Apartments

The Columbian

5220-5224 S Harper AveChicago, IL 60615
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Ivy Dorchester
Studio to 2 Bedroom Apartments

Ivy Dorchester

5118 S Dorchester AveChicago, IL 60615
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Ivy Dickens
Studio to 1 Bedroom Apartments

Ivy Dickens

5330 S Blackstone AveChicago, IL 60615
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The Ella Apartments
Studio Apartments

The Ella Apartments

5111 S University AveChicago, IL 60615
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Ivy Villas
Studio to 2 Bedroom Apartments

Ivy Villas

5514 S Blackstone AveChicago, IL 60637
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Ivy at Shelbyrne
Studio to 2 Bedroom Apartments

Ivy at Shelbyrne

5110 S Kenwood AveChicago, IL 60615
Student Housing
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Ivy at Fairfax
Studio to 3 Bedroom Apartments

Ivy at Fairfax

1369 E Hyde Park BlvdChicago, IL 60615

Chicago Relocation 101: Mastering Utilities, Registration, and the CTA

Moving to Chicago? This essential relocation guide offers a complete checklist for new residents, covering finding the right neighborhood, setting up utilities (ComEd, People’s Gas), and mastering high-rise moving logistics and vehicle registration.

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801-805 E Drexel Sq
Studio to 2 Bedroom Apartments

801-805 E Drexel Sq

801-805 E Drexel SqChicago, IL 60615
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Ivy at Carlson
Studio to 2 Bedroom Apartments

Ivy at Carlson

1401 E Hyde Park BlvdChicago, IL 60615
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5136 S Kimbark Ave
Studio to 1 Bedroom Apartments

5136 S Kimbark Ave

5136 S Kimbark AveChicago, IL 60615
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Ivy at Sylvan
Studio to 1 Bedroom Apartments

Ivy at Sylvan

5532 S Kenwood AveChicago, IL 60637
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Ivy Gayles
Studio to 2 Bedroom Apartments

Ivy Gayles

5316 S Dorchester AveChicago, IL 60615
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Ivy Kenwood
Studio to 2 Bedroom Apartments

Ivy Kenwood

5220 S Kenwood AveChicago, IL 60615
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Everett Apartments
Studio to 2 Bedroom Apartments

Everett Apartments

5465 S Everett AveChicago, IL 60615
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Ivy Terrace
Studio to 2 Bedroom Apartments

Ivy Terrace

5140 S Kenwood AveChicago, IL 60615

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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Ivy at Harper
Studio to 2 Bedroom Apartments

Ivy at Harper

5345 S Harper AveChicago, IL 60615
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5454 S Everett
Studio to 2 Bedroom Apartments

5454 S Everett

5454 S Everett AveChicago, IL 60615
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Everett Apartments
Studio to 2 Bedroom Apartments

Everett Apartments

5469-5479 S Everett AveChicago, IL 60615
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Blackstone Court
Studio to 1 Bedroom Apartments

Blackstone Court

5724-5734 S Blackstone AveChicago, IL 60637
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Ivy at Mason
Studio to 2 Bedroom Apartments

Ivy at Mason

1215 E Hyde Park BlvdChicago, IL 60615
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5500 S. Cornell Avenue
Studio to 4 Bedroom Apartments

5500 S. Cornell Avenue

5493 S Cornell AveChicago, IL 60637
Corporate Housing

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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Ivy Hastings
1 to 2 Bedroom Apartments

Ivy Hastings

5125 S Kenwood AveChicago, IL 60615
Student Housing
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Ivy at Piccadilly
Studio to 3 Bedroom Apartments

Ivy at Piccadilly

5107 S Blackstone AveChicago, IL 60615
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Cornell Terrace
Studio to 4 Bedroom Apartments

Cornell Terrace

5430 S Cornell AveChicago, IL 60615
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Everett Hyde Park
Studio to 2 Bedroom Apartments

Everett Hyde Park

5501-5513 S Everett AveChicago, IL 60637
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Everett Hyde Park
Studio to 2 Bedroom Apartments

Everett Hyde Park

5501-5527 S Everett AveChicago, IL 60637
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1440 E. 52nd Street
Studio to 1 Bedroom Apartments

1440 E. 52nd Street

1440-1450 E 52nd StChicago, IL 60637
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824-842 E 53rd St
Studio to 1 Bedroom Apartments

824-842 E 53rd St

824-842 E 53rd StChicago, IL 60615
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City Hyde Park
Studio to 3 Bedroom Apartments

City Hyde Park

5105 S Harper AveChicago, IL 60615
Corporate Housing

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.

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 $1,155.

What is the price of a cheap apartment in Hyde Park?

The cheapest apartment in Hyde Park is 824 E 53rd St which is listed at $950, while the average apartment in Hyde Park costs $4,150.

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 12 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 $212 which is $3,938 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

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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.

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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.

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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.

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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

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.