Average Rent in Hyde Park, Chicago, IL

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Current Versus Historical Hyde Park, Chicago, IL Rents

Hyde Park rentals average $1,163 for a studio rental to $3,475 for a 4-bedroom rental. The median price of all currently available listings is $2,175, or roughly $2 per square feet.

For the apartment units and housing in December 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $34 (-2.84%) year-over-year from $1,207 to $1,173. 1-bedroom rentals prices have decreased by $21 (-1.56%) year-over-year from $1,371 to $1,350. 2-bedroom rentals prices have increased by $16 (0.77%) year-over-year from $2,109 to $2,125. 3-bedroom rentals prices have increased by $184 (7.95%) year-over-year from $2,316 to $2,500. 4-bedroom rentals prices have increased by $455 (16.88%) year-over-year from $2,695 to $3,150. 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 6.03% this month. 1-bedroom rents have gone down by 0.55% this month. 2-bedroom rents have gone up by 7.59% this month. 3-bedroom rents have gone up by 6.01% this month. 4-bedroom rents have gone up by 5.59% this month.

Beds	Price / Sqft	Dec 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$3.14	$1,173	$1,207 (-2.84%)	$813 (44.31%)
1 BR	$1.72	$1,350	$1,371 (-1.56%)	$1,289 (4.71%)
2 BR	$1.80	$2,125	$2,109 (0.77%)	$1,730 (22.83%)
3 BR	$1.71	$2,500	$2,316 (7.95%)	$2,445 (2.26%)
4+ BR	$1.30	$3,150	$2,695 (16.88%)	$2,421 (30.13%)

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 7 cities nearby Hyde Park. The average rent in Hyde Park is currently $2,400 per month. Only one city nearby has an average rent lower than that. Our records show that Chicago, IL, with an average rent of $2,165, is the most affordable city nearby. In contrast, the most expensive city near Hyde Park, Chicago, IL is Evanston, IL. Monthly rents here are on average $2,730 per month.

Let's compare Hyde Park, Chicago, IL's rent against other top cities nearby by bedroom size. One bedrooms are about 35.20% more affordable. Two bedrooms in Hyde Park, Chicago, IL are about 19.75% more affordable. Finally, rent for three bedrooms are about 17.71% more affordable. Want more information? Check out the top 7 cities near Hyde Park, Chicago, IL in the following chart.

City	Studio	1 Bed	2 Bed	All
Chicago, IL	$1,395	$1,887	$2,250	$2,165
Schaumburg, IL	N/A	$2,186	$2,350	$2,253
Wheaton, IL	N/A	$1,859	$2,699	$2,271
Aurora, IL	N/A	$1,523	$2,300	$2,400
Naperville, IL	N/A	$1,490	$2,250	$2,560
Oak Park, IL	N/A	$1,600	$2,650	$2,650
Evanston, IL	N/A	$2,100	$2,700	$2,730

Top Neighborhoods Near Hyde Park

There are a total of 16 neighborhoods in or near Hyde Park. Some of these neighborhoods include South Shore, Uptown, and Rogers Park. We've included all of these top 16 neighborhoods in or near Hyde Park, Chicago, IL in the following chart.

The average rent for these 16 neighborhoods in or near Hyde Park, Chicago, IL is currently around $2,202 per month. A total of 6 neighborhoods have a lower average rent. Meaning, only ten neighborhoods have a higher average rent than $2,202. Interestingly, the neighborhoods' average rent is higher than Hyde Park's average rent, which is only $2,175. Out of all the neighborhoods in or near Hyde Park, South Shore has the most affordable average rent at $1,250 per month. Whereas, at $3,100 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	$1,018	$1,175	$1,238	$1,250
Uptown, Chicago, IL	$1,198	$1,650	$2,233	$1,650
Rogers Park, Chicago, IL	$1,188	$1,525	$1,900	$1,650
Edgewater, Chicago, IL	$1,325	$1,675	$2,195	$1,814
Humboldt Park, Chicago, IL	N/A	$2,150	$1,600	$1,900
Pilsen, Chicago, IL	N/A	$1,450	$1,595	$2,100
Woodlawn, Chicago, IL	N/A	$1,700	$1,675	$2,200
West Rogers Park, Chicago, IL	N/A	$1,725	$1,925	$2,200
Bronzeville, Chicago, IL	N/A	$1,900	$2,200	$2,203
Logan Square, Chicago, IL	$1,600	$2,100	$2,150	$2,295
Lakeview, Chicago, IL	$1,595	$1,900	$2,798	$2,439
South Loop, Chicago, IL	$1,775	$2,200	$2,900	$2,700
Near West Side, Chicago, IL	N/A	$2,407	$2,900	$2,725
West Town, Chicago, IL	$2,413	$2,600	$2,842	$2,863
Near North Side, Chicago, IL	$1,785	$2,400	$3,798	$2,900
The Loop, Chicago, IL	$2,000	$2,400	$3,200	$3,100

Top Counties Near Hyde Park

There are a total of 16 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 $2,450. That's roughly around $2 per sqft. A total of 1 counties have a lower average rent. The county that is the most affordable is Chicago, IL. It's average rent per month is $2,165. Vice versa, with an average rent of $2,730, 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 35.20% more affordable than other counties nearby. Finally, rent for two bedrooms in Hyde Park, Chicago, IL is 17.20% more affordable than other counties nearby. We've listed the top 9 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Chicago, IL	$1,395	$1,887	$2,250	$2,165
Downers Grove, IL	N/A	$1,850	$2,210	$2,208
Schaumburg, IL	N/A	$2,127	$2,195	$2,250
Milton, IL	N/A	$1,859	$2,300	$2,260
Naperville, IL	N/A	N/A	$2,300	$2,450
Libertyville, IL	N/A	$1,966	$2,300	$2,500
Leyden, IL	N/A	$1,450	$2,550	$2,550
Oak Park, IL	N/A	$1,600	$2,650	$2,650
Evanston, IL	N/A	$2,100	$2,700	$2,730

Top Zipcodes Near Hyde Park

There are a total of 4 zipcodes in or near Hyde Park, Chicago, IL. The average rent for all of these zipcodes is $2,071. A total of 4 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 60641, Chicago, IL at $2,000 per month. In comparison, the zipcode with the most expensive average rent of $2,100 per month is 60625, Chicago, IL.

Studios in these zipcodes have an average rent of $1,399. That's at least $2 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 $1,455 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,945 per month. Which comes out to $2 per sqft. The following chart includes the top 4 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	$1,250	$1,460	$1,895	$2,095
60618, Chicago, IL	$1,695	$1,700	$1,995	$2,048
60641, Chicago, IL	$948	$1,450	$1,750	$2,000
60625, Chicago, IL	$1,548	$1,450	$2,050	$2,100

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 $2,175. 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 $1,163 and an average price per square feet of $3.14. There are a total of 2 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 $1,375 and an average price per square feet of $1.72. There are a total of 3 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 $1,963 and an average price per square feet of $1.80. There are a total of 8 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 -0.02%, two bedroom rental prices have changed by 0.01%, 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 $1,740/month. You can search for these reasonably priced rental listings on RentHop.