Cheap Studio Apartments for Rent in the Hyde Park Neighborhood of Chicago, IL from $699 (70 Rentals)

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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.

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.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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Hyde Park Beach
Studio Apartments

Hyde Park Beach

5325-5327 S Cornell AveChicago, IL 60615
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5401 S Ellis Ave
Studio Apartments

5401 S Ellis Ave

5401 S Ellis AveChicago, IL 60615
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5451 S Cornell Ave
Studio Apartments

5451 S Cornell Ave

5451 S Cornell AveChicago, IL 60615
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Ivy Tower
Studio Apartments

Ivy Tower

5455 S Blackstone AveChicago, IL 60615
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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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The Max Apartments
Studio Apartments

The Max Apartments

5135 S Blackstone AveChicago, IL 60615
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The Columbian
Studio Apartments

The Columbian

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

Ivy Dorchester

5118 S Dorchester AveChicago, IL 60615
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Everett Apartments
Studio Apartments

Everett Apartments

5465 S Everett AveChicago, IL 60615
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Blackstone Court
Studio Apartments

Blackstone Court

5724-5734 S Blackstone AveChicago, IL 60637
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Ivy Dickens
Studio Apartments

Ivy Dickens

5330 S Blackstone AveChicago, IL 60615
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Ivy Villas
Studio Apartments

Ivy Villas

5514 S Blackstone AveChicago, IL 60637
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The Ella Apartments
Studio Apartments

The Ella Apartments

5111 S University AveChicago, IL 60615
  • Utilities Included

Chicago's Best Affordable Neighborhoods

Learn about Chicago and the best places to live with original content written by our Chicago, IL Local Expert Nicole Harms

Hyde Park, Chicago, IL Local Guide

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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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

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 5445 Ingleside By 3L Living which is listed at $699, while the average apartment in Hyde Park costs $4,210.

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 $231 which is $3,979 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.

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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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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.

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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.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.