Cheap Homes for Rent in Hyde Park Neighborhood of Chicago, IL from $1,000 (10 Rentals)

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

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Hyde Park, Chicago, IL Local Guide

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 $705. 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$705
5540 Hyde Park by 3L LivingEfficiency Studio - NorthStudio,1BA$724
5748 Blackstone By 3L LivingShared Kitchenette & BathroomStudio,1BA$749

Best Value Apartments for Rent in Hyde Park, IL

As of September 07, 2025 the best value apartment in the Hyde Park area is the $1.86 price per square foot 5700-4bA Model at 5700 S. Blackstone Avenue in the in the Hyde Park neighborhood starting from $4,210. The second greatest value Hyde Park apartment is the 5429-3bd Model at 5429 S. Woodlawn Avenue starting at $3,490 with a $1.82 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.
5700 S. Blackstone Avenue5700-4bA4BR,2BA$1.86
5429 S. Woodlawn Avenue5429-3bd3BR,2BA$1.82
5313 South Maryland Avenue, Unit Apt 45313 South Maryland Avenue4BR,2BA$1.79
5229 S. Drexel Avenue5229-3bB3BR,2BA$1.50
Greenwood 5201gnwd2bC22BR,1BA$1.46
5474-5480 S. Hyde Park Boulevard5474-2bD2BR,1BA$1.71
Woodlawn Commons2BR/1BA2BR,1BA$1.65
Mayfair Apartments1 Bedroom Floor Plan A31BR,1BA$1.95
5222-38 S. Drexel Avenue5222-1bb1BR,1BA$1.94
5020 S Woodlawn Ave1 Bedroom1BR,1BA$1.73

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Hyde Park, Chicago, IL

Ranked #47

Among cities in Illinois for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Frequently Asked Questions about Hyde Park

What type of rentals are currently available in Hyde Park?

There are currently 565 Apartments for Rent in Hyde Park, IL with pricing that ranges from $705 to $6,190. There are also 47 Single Family Homes for rent, Condos, and Townhome rentals currently available in Hyde Park ranging from $1,025 to $5,600.

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 $1,025 to $5,600 with an average monthly rent of $3,127.

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 $1,800 to $6,190, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,750 to $3,500. Four Bedroom Single-Family rentals are also available starting from $3,400 and Four Bedroom Apartments start at $2,100.

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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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.