Average Rent in Hyde Park, Chicago, IL

Current Versus Historical Hyde Park, Chicago, IL Rents

Hyde Park rentals average $1,295 for a studio rental to $3,699 for a 4-bedroom rental. The median price of all currently available listings is $2,499, or roughly $2 per square feet.

For the apartment units and housing in May 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $8,889 (800.68%) year-over-year from $1,110 to $9,999. 1-bedroom rentals prices have increased by $8,637 (634.32%) year-over-year from $1,362 to $9,999. 2-bedroom rentals prices have increased by $8,284 (482.86%) year-over-year from $1,716 to $9,999. 3-bedroom rentals prices have increased by $483 (19.21%) year-over-year from $2,517 to $3,000. 4-bedroom rentals prices have decreased by $307 (-9.27%) year-over-year from $3,307 to $3,000. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 144.44% this month. 1-bedroom rents have gone up by 130.39% this month. 2-bedroom rents have gone up by 109.96% this month. 3-bedroom rents have gone up by 8.01% this month. 4-bedroom rents have gone down by 2.17% this month.

Beds	Price / Sqft	May 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$3.29	$9,999	$1,110 (800.68%)	$788 (1,169.45%)
1 BR	$2.51	$9,999	$1,362 (634.32%)	$1,416 (605.98%)
2 BR	$2.44	$9,999	$1,716 (482.86%)	$2,433 (310.95%)
3 BR	$2.55	$3,000	$2,517 (19.21%)	$2,597 (15.53%)
4+ BR	$2.37	$3,000	$3,307 (-9.27%)	$3,425 (-12.41%)

Historical Rents in Hyde Park, Chicago, IL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Hyde Park

There are a total of 5 cities nearby Hyde Park. The average rent in Hyde Park is currently $2,225 per month. A total of 4 cities nearby have an average rent lower than that. Our records show that Schaumburg, IL, with an average rent of $2,125, is the most affordable city nearby. In contrast, the most expensive city near Hyde Park, Chicago, IL is Naperville, IL. Monthly rents here are on average $2,800 per month.

Let's compare Hyde Park, Chicago, IL's rent against other top cities nearby by bedroom size. One bedrooms are about 31.03% more affordable. Two bedrooms in Hyde Park, Chicago, IL are about 16.06% more affordable. Finally, rent for three bedrooms are about 0.09% more expensive. Want more information? Check out the top 5 cities near Hyde Park, Chicago, IL in the following chart.

City	Studio	1 Bed	2 Bed	All
Schaumburg, IL	N/A	$1,995	$2,465	$2,125
Chicago, IL	$1,450	$1,900	$2,450	$2,195
Wheaton, IL	N/A	$1,976	$2,320	$2,225
Aurora, IL	N/A	N/A	$2,148	$2,300
Naperville, IL	N/A	$1,575	$2,200	$2,800

Top Neighborhoods Near Hyde Park

There are a total of 9 neighborhoods in or near Hyde Park. Some of these neighborhoods include Rogers Park, Edgewater, and Uptown. We've included all of these top 9 neighborhoods in or near Hyde Park, Chicago, IL in the following chart.

The average rent for these 9 neighborhoods in or near Hyde Park, Chicago, IL is currently around $2,200 per month. A total of 5 neighborhoods have a lower average rent. Meaning, only four neighborhoods have a higher average rent than $2,200. Out of all the neighborhoods in or near Hyde Park, Rogers Park has the most affordable average rent at $1,426 per month. Whereas, at $3,338 average rent per month, Near West Side is the most expensive neighborhood in or near Hyde Park. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Rogers Park, Chicago, IL	$1,100	$1,300	$1,750	$1,426
Edgewater, Chicago, IL	$1,275	$1,500	$1,900	$1,575
Uptown, Chicago, IL	$1,325	$1,554	$2,300	$1,582
Logan Square, Chicago, IL	$1,595	$1,925	$1,950	$2,048
Lakeview, Chicago, IL	$1,495	$1,995	$2,750	$2,200
The Loop, Chicago, IL	$1,950	$2,395	$3,600	$2,800
Near North Side, Chicago, IL	$1,800	$2,300	$3,725	$2,875
South Loop, Chicago, IL	$1,898	$2,225	$3,050	$2,925
Near West Side, Chicago, IL	N/A	$2,650	$3,500	$3,338

Top Counties Near Hyde Park

There are a total of 9 counties located by Hyde Park, Chicago, IL. Some of these counties include Chicago, IL, Schaumburg, IL, and Milton, IL. The average rent for rentals in these counties is $2,225. That's roughly around $2 per sqft. A total of 4 counties have a lower average rent. The county that is the most affordable is Chicago, IL. It's average rent per month is $2,195. Vice versa, with an average rent of $2,700, Naperville, IL is the most expensive county by Hyde Park, Chicago, IL.

In comparison, rent for one bedroom listings in Hyde Park, Chicago, IL is 31.03% more affordable than other counties nearby. Finally, rent for two bedrooms in Hyde Park, Chicago, IL is 16.06% more affordable than other counties nearby. We've listed the top 5 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Chicago, IL	$1,450	$1,900	$2,450	$2,195
Schaumburg, IL	N/A	$1,995	$2,465	$2,195
Milton, IL	N/A	$1,968	$2,320	$2,225
Downers Grove, IL	N/A	$1,833	$2,250	$2,249
Naperville, IL	N/A	$1,650	$2,238	$2,700

Top Zipcodes Near Hyde Park

There are a total of 16 zipcodes in or near Hyde Park, Chicago, IL. The average rent for all of these zipcodes is $2,233. A total of 11 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 60626, Chicago, IL at $1,375 per month. In comparison, the zipcode with the most expensive average rent of $3,045 per month is 60607, Chicago, IL.

Studios in these zipcodes have an average rent of $1,425. That's at least $3 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Hyde Park, Chicago, IL is $1,989 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,496 per month. Which comes out to $2 per sqft. The following chart includes the top 10 zipcodes in Hyde Park, Chicago, IL. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
60615, Chicago, IL	$1,285	$1,645	$1,995	$2,172
60605, Chicago, IL	$1,898	$2,300	$3,150	$2,817
60608, Chicago, IL	N/A	$1,700	$1,925	$2,225
60607, Chicago, IL	$1,913	$2,575	$3,500	$3,045
60611, Chicago, IL	$1,850	$2,325	$3,800	$2,825
60610, Chicago, IL	$1,635	$2,217	$3,600	$2,700
60622, Chicago, IL	N/A	$2,050	$2,413	$2,675
60614, Chicago, IL	$1,648	$2,325	$3,350	$2,395
60647, Chicago, IL	$1,595	$1,950	$1,950	$2,195
60657, Chicago, IL	$1,495	$1,995	$2,788	$2,048

Frequently Asked Questions - Hyde Park Average Rents

What is the average rent price in Hyde Park, Chicago, IL?

The average monthly rental price for Hyde Park, Chicago, IL apartments for rent is approximately $2,499. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Hyde Park, Chicago, IL rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Hyde Park, Chicago, IL.

How much is a studio apartment in Hyde Park, Chicago, IL?

The average monthly rental price for studio apartments is $1,295 and an average price per square feet of $3.29. There are a total of 5 studio apartment listings currently available for rent in Hyde Park.

How much is a one bedroom apartment in Hyde Park, Chicago, IL?

The average monthly rental price for one bedroom apartments is $1,450 and an average price per square feet of $2.51. There are a total of 5 one bedroom apartment listings currently available for rent in Hyde Park.

How much is a two bedroom apartment in Hyde Park, Chicago, IL?

The average monthly rental price for two bedroom apartments is $1,999 and an average price per square feet of $2.44. There are a total of 15 two bedroom apartment listings currently available for rent in Hyde Park.

How have rent prices in Hyde Park, Chicago, IL changed this year?

Rent prices for rentals in Hyde Park, Chicago, IL can fluctuate yearly. Specifically, studio rental prices have changed by 8.01%, one bedroom rental prices have changed by 6.34%, two bedroom rental prices have changed by 4.83%, and three bedroom rental prices have changed by 0.19% year-over-year.

What is a reasonable rent price in Hyde Park, Chicago, IL?

A reasonable rent price in Hyde Park, Chicago, IL is around $1,999/month. You can search for these reasonably priced rental listings on RentHop.