Cheap Homes for Rent in Hyde Park Neighborhood of Chicago, IL from $900 (13 Rentals)

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

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 1367 E 53rd St

1367 E 53rd 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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property at 1401 E 55th St

1401 E 55th St

ChicagoIL60615
Showing Results 1-13, Page 1 of 1

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 $699. 5748 Blackstone By 3L Living has the second lowest priced unit, which is a Studio apartment currently listed from $699. 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$699
5748 Blackstone By 3L LivingNo Kitchenette with Shared BathroomStudio,1BA$699
5540 Hyde Park by 3L LivingEfficiency Studio - WestStudio,1BA$769
5120 S. Hyde Park Boulevard5120-0bAStudio,1BA$935
Scholars Corner ApartmentsStudio Floor Plan S3Studio,1BA$1,043

Best Value Apartments for Rent in Hyde Park, IL

As of May 25, 2025 the best value apartment in the Hyde Park area is the $1.55 price per square foot 5218-5bC Model at 5218-5220 S. Kimbark Avenue in the in the Hyde Park neighborhood starting from $3,195. The second greatest value Hyde Park apartment is the 5508-4bD Model at 5508 S. Cornell Avenue starting at $3,300 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.
5218-5220 S. Kimbark Avenue5218-5bC5BR,2BA$1.55
5508 S. Cornell Avenue5508-4bD4BR,3BA$1.72
5118 S. Greenwood5118-4bA4BR,3BA$1.79
5229 S. Drexel Avenue5229-3bB3BR,2BA$1.55
1159 E 52nd St, Unit 11159 E 52nd St2BR,2BA$1.50
The Trilogy at Hyde Park3 bedroom3BR,2BA$1.82
Greenwood 5201gnwd3bd3BR,1BA$1.78
5401 Cornell by 3L Living2BR/1.0BA2BR,1BA$1.75
5128-5132 S. Cornell Avenue5128-2bC2BR,1BA$1.77
5020 S Woodlawn Ave1 Bedroom1BR,1BA$1.73

Quick Rent Budget Calculator

How much rent can you afford?

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Frequently Asked Questions about Hyde Park

What type of rentals are currently available in Hyde Park?

There are currently 568 Apartments for Rent in Hyde Park, IL with pricing that ranges from $699 to $11,625. There are also 56 Single Family Homes for rent, Condos, and Townhome rentals currently available in Hyde Park ranging from $990 to $6,750.

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 $990 to $6,750 with an average monthly rent of $3,125.

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 $1,600 to $10,275, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,200 to $4,500. Four Bedroom Single-Family rentals are also available starting from $3,195 and Four Bedroom Apartments start at $2,500.

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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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.

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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.