Cheap Homes for Rent in Hyde Park Neighborhood of Chicago, IL from $900 (23 Rentals)

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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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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property at 1401 E 55th St

1401 E 55th St

ChicagoIL60615

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.

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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 $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
5401 Cornell by 3L LivingStudioStudio,1BA$899
5120 S. Hyde Park Boulevard5120-0bAStudio,1BA$935

Best Value Apartments for Rent in Hyde Park, IL

As of July 09, 2025 the best value apartment in the Hyde Park area is the $1.72 price per square foot 5508-4bD Model at 5508 S. Cornell Avenue in the in the Hyde Park neighborhood starting from $3,300. The second greatest value Hyde Park apartment is the 5111k4ba Model at 5111 S. Kimbark Avenue starting at $3,575 with a $1.92 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.
5508 S. Cornell Avenue5508-4bD4BR,3BA$1.72
5111 S. Kimbark Avenue5111k4ba4BR,2BA$1.92
5229 S. Drexel Avenue5229-3bB3BR,2BA$1.55
5409 S. Blackstone5411_3b2a3BR,2BA$1.78
Greenwood 5201gnwd3bd3BR,1BA$1.78
Woodlawn Commons2BR/1BA2BR,1BA$1.65
5128-5132 S. Cornell Avenue5128-2bC2BR,1BA$1.79
5034-5046 S. Woodlawn Avenue5034-1bD1BR,1BA$2.00
5049 S. Drexel Boulevard5049-1bc1BR,1BA$1.93
5020 S Woodlawn Ave1 Bedroom1BR,1BA$1.73

Quick Rent Budget Calculator

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Frequently Asked Questions about Hyde Park

What type of rentals are currently available in Hyde Park?

There are currently 580 Apartments for Rent in Hyde Park, IL with pricing that ranges from $712 to $10,200. There are also 74 Single Family Homes for rent, Condos, and Townhome rentals currently available in Hyde Park ranging from $995 to $5,200.

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 $995 to $5,200 with an average monthly rent of $2,818.

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 $1,750 to $7,973, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,750 to $3,575. Four Bedroom Single-Family rentals are also available starting from $2,600 and Four Bedroom Apartments start at $3,000.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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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.

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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.