Average Rent in Hyde Park, Chicago, IL

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Current Versus Historical Hyde Park, Chicago, IL Rents

Hyde Park rentals average $1,150 for a studio rental to $3,673 for a 4-bedroom rental. The median price of all currently available listings is $2,300, or roughly $2 per square feet.

For the apartment units and housing in January 2025, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $33 (-2.77%) year-over-year from $1,203 to $1,170. 1-bedroom rentals prices have increased by $2 (0.17%) year-over-year from $1,373 to $1,375. 2-bedroom rentals prices have increased by $246 (11.40%) year-over-year from $2,154 to $2,400. 3-bedroom rentals prices have increased by $176 (7.57%) year-over-year from $2,324 to $2,500. 4-bedroom rentals prices have decreased by $463 (-16.77%) year-over-year from $2,763 to $2,300. 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 3.46% this month. 1-bedroom rents have gone down by 3.51% this month. 2-bedroom rents have gone up by 13.39% this month. 3-bedroom rents have gone down by 2.91% this month. 4-bedroom rents have gone down by 6.76% this month.

Beds	Price / Sqft	Jan 2025 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$3.26	$1,170	$1,203 (-2.77%)	$776 (50.81%)
1 BR	$2.13	$1,375	$1,373 (0.17%)	$1,356 (1.43%)
2 BR	$2.35	$2,400	$2,154 (11.40%)	$1,861 (28.96%)
3 BR	$2.56	$2,500	$2,324 (7.57%)	$2,437 (2.61%)
4+ BR	$2.47	$2,300	$2,763 (-16.77%)	$2,595 (-11.37%)

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 $2,435 per month. A total of 2 cities nearby have an average rent lower than that. Our records show that Chicago, IL, with an average rent of $2,150, 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 $2,925 per month.

Let's compare Hyde Park, Chicago, IL's rent against other top cities nearby by bedroom size. One bedrooms are about 25.42% more affordable. Two bedrooms in Hyde Park, Chicago, IL are about 17.41% more affordable. Finally, rent for three bedrooms are about 14.64% more affordable. 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
Chicago, IL	$1,360	$1,850	$2,200	$2,150
Schaumburg, IL	N/A	$2,056	$2,400	$2,250
Aurora, IL	N/A	$1,475	$2,148	$2,435
Evanston, IL	N/A	$2,100	$2,897	$2,760
Naperville, IL	N/A	N/A	$2,225	$2,925

Top Neighborhoods Near Hyde Park

There are a total of 15 neighborhoods in or near Hyde Park. Some of these neighborhoods include South Shore, Uptown, and Rogers Park. We've included all of these top 15 neighborhoods in or near Hyde Park, Chicago, IL in the following chart.

The average rent for these 15 neighborhoods in or near Hyde Park, Chicago, IL is currently around $2,245 per month. A total of 8 neighborhoods have a lower average rent. Meaning, only seven neighborhoods have a higher average rent than $2,245. Out of all the neighborhoods in or near Hyde Park, South Shore has the most affordable average rent at $1,463 per month. Whereas, at $3,275 average rent per month, The Loop is the most expensive neighborhood in or near Hyde Park. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
South Shore, Chicago, IL	$895	$1,200	$1,450	$1,463
Uptown, Chicago, IL	$1,195	$1,625	$2,455	$1,650
Rogers Park, Chicago, IL	$1,200	$1,544	$1,850	$1,650
Edgewater, Chicago, IL	$1,320	$1,650	$2,200	$1,750
Pilsen, Chicago, IL	N/A	$1,600	$1,645	$1,950
West Rogers Park, Chicago, IL	N/A	$1,573	$1,950	$2,025
Humboldt Park, Chicago, IL	N/A	N/A	$1,650	$2,083
Bronzeville, Chicago, IL	$1,258	$1,723	$2,065	$2,245
Lakeview, Chicago, IL	$1,500	$1,995	$2,675	$2,395
Logan Square, Chicago, IL	$1,600	$2,389	$2,350	$2,400
South Loop, Chicago, IL	$1,750	$2,200	$2,800	$2,530
West Town, Chicago, IL	$2,360	$2,339	$2,550	$2,900
Near North Side, Chicago, IL	$1,800	$2,450	$3,800	$2,995
Near West Side, Chicago, IL	N/A	$2,595	$3,250	$3,198
The Loop, Chicago, IL	$1,975	$2,500	$3,425	$3,275

Top Counties Near Hyde Park

There are a total of 15 counties located by Hyde Park, Chicago, IL. Some of these counties include Chicago, IL, Downers Grove, IL, and Schaumburg, IL. The average rent for rentals in these counties is $2,375. 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 $2,150. Vice versa, with an average rent of $2,760, Evanston, IL is the most expensive county by Hyde Park, Chicago, IL.

In comparison, rent for one bedroom listings in Hyde Park, Chicago, IL is 25.39% more affordable than other counties nearby. Finally, rent for two bedrooms in Hyde Park, Chicago, IL is 19.39% more affordable than other counties nearby. We've listed the top 8 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Chicago, IL	$1,360	$1,850	$2,200	$2,150
Downers Grove, IL	N/A	$1,849	$2,199	$2,199
Schaumburg, IL	N/A	$2,128	$2,250	$2,203
Milton, IL	N/A	$1,800	$2,249	$2,249
Libertyville, IL	N/A	$2,160	$2,400	$2,501
Naperville, IL	N/A	N/A	$2,275	$2,600
Leyden, IL	N/A	$1,300	$2,650	$2,650
Evanston, IL	N/A	$2,100	$2,897	$2,760

Top Zipcodes Near Hyde Park

There are a total of 2 zipcodes in or near Hyde Park, Chicago, IL. The average rent for all of these zipcodes is $2,200.

The following chart includes the top 2 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	$1,178	$1,800	$1,838	$2,000
60618, Chicago, IL	$1,795	$1,995	$2,100	$2,400

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 $2,300. 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 $1,150 and an average price per square feet of $3.26. 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 $1,475 and an average price per square feet of $2.13. 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 $1,895 and an average price per square feet of $2.35. There are a total of 19 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 -0.03%, one bedroom rental prices have changed by 0.00%, two bedroom rental prices have changed by 0.11%, and three bedroom rental prices have changed by 0.08% 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 $1,840/month. You can search for these reasonably priced rental listings on RentHop.