Cheap Homes for Rent in the Hyde Park Neighborhood of Chicago, IL from $1,200 (12 Rentals)

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

property at 1401 E 55th St

$1,300 - $2,395

Total Monthly Price

Total Monthly Price

Base Rent
$1,300 - $2,395

Total Monthly Price
$1,300 - $2,395

1 To 2 Bedroom Condos for Rent

Available Now

1401 E 55th St

ChicagoIL60615
property at 1367 E 53rd St

$1,340

Total Monthly Price

Total Monthly Price

Base Rent
$1,340

Total Monthly Price
$1,340

Studio, 1 Bath Condo for Rent

Available Now

1367 E 53rd St, Unit 3

1367 E 53rd St
ChicagoIL60615

The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago

Chicago may cost more than the national average, but with the right neighborhood, a smart transit strategy, and a few local insider tips, living well in the Windy City is more achievable than you might think. Our local expert breaks down everything from rent and groceries to transportation and healthcare so you can plan your move with confidence.

property at 1400 E 55th Pl

$1,955

Total Monthly Price

Total Monthly Price

Base Rent
$1,955

Total Monthly Price
$1,955

1 Bedroom, 1 Bath Condo for Rent

Available Sep 2

1400 E 55th Pl, Unit 303S

1400 E 55th Pl
ChicagoIL60637

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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 $712. 5540 Hyde Park by 3L Living has the second lowest priced unit, which is a Studio apartment currently listed from $724. Here are the most affordable Hyde Park apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
5445 Ingleside By 3L LivingLarge Co-Living Single RoomStudio,1BA$712
5540 Hyde Park by 3L LivingEfficiency Studio - NorthStudio,1BA$724
5748 Blackstone By 3L LivingNo Kitchenette with Shared BathroomStudio,1BA$726
824 E 53rd StLarge StudioStudio,1BA$850
5401 Cornell by 3L LivingRenovated StudioStudio,1BA$995

Best Value Apartments for Rent in Hyde Park, IL

As of August 19, 2026 the best value apartment in the Hyde Park area is the $1.20 price per square foot 5211 S Greenwood Ave Model at 5211 S Greenwood Ave in the in the Hyde Park neighborhood starting from $3,850. The second greatest value Hyde Park apartment is the 5131 S Blackstone Ave Model at 5131 S Blackstone Ave, Unit Blacksstone apartment-5131 starting at $4,300 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 ListingModel NameBed/BathPrice Per Sq.Ft.
5211 S Greenwood Ave5211 S Greenwood Ave4BR,2BA$1.20
5131 S Blackstone Ave, Unit Blacksstone apartment-51315131 S Blackstone Ave4BR,3BA$1.72
5313 South Maryland Avenue, Unit Apt 45313 South Maryland Avenue4BR,2BA$1.79
5487-5491 S. Hyde Park Boulevard54874bb4BR,2BA$1.81
5053 S. Ellis Avenue5053-3bC3BR,2BA$1.70
Woodlawn Commons2BR/1BA2BR,1BA$1.63
5034-5046 S. Woodlawn Avenue5034-2bC2BR,1BA$1.72
Mayfair Apartments1 Bedroom Floor Plan A41BR,2BA$1.77
824 E 53rd St1 Bed1BR,1BA$1.19
5020 S Woodlawn Ave1 Bedroom1BR,1BA$1.73

Frequently Asked Questions about Hyde Park

What type of rentals are currently available in Hyde Park?

There are currently 570 Apartments for Rent in Hyde Park, IL with pricing that ranges from $712 to $4,600. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Hyde Park ranging from $1,200 to $4,700.

What is the current price range for Rental Homes in Hyde Park?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Hyde Park ranges from $1,200 to $4,700 with an average monthly rent of $2,633.

How much are larger Three and Four Bedroom Rentals in Hyde Park?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Hyde Park range from $2,145 to $4,600, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,199 to $4,500. Four Bedroom Single-Family rentals are also available starting from $3,500 and Four Bedroom Apartments start at $3,355.

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.

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