Average Rent in Hyde Park, Chicago, IL

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Current Versus Historical Hyde Park, Chicago, IL Rents

Hyde Park rentals average $1,290 for a studio rental to $3,545 for a 4-bedroom rental. The median price of all currently available listings is $2,398, or roughly $2 per square feet.

For the apartment units and housing in February 2025, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $147 (12.83%) year-over-year from $1,143 to $1,290. 1-bedroom rentals prices have increased by $70 (4.92%) year-over-year from $1,430 to $1,500. 2-bedroom rentals prices have increased by $116 (5.45%) year-over-year from $2,134 to $2,250. 3-bedroom rentals prices have decreased by $62 (-2.55%) year-over-year from $2,414 to $2,353. 4-bedroom rentals prices have increased by $443 (15.11%) year-over-year from $2,932 to $3,375. 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 8.78% this month. 1-bedroom rents have gone up by 5.26% this month. 2-bedroom rents have gone down by 3.57% this month. 3-bedroom rents have gone down by 4.34% this month. 4-bedroom rents have gone up by 9.15% this month.

Beds	Price / Sqft	Feb 2025 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$3.22	$1,290	$1,143 (12.83%)	$700 (84.29%)
1 BR	$2.27	$1,500	$1,430 (4.92%)	$1,291 (16.16%)
2 BR	$2.41	$2,250	$2,134 (5.45%)	$1,888 (19.19%)
3 BR	$2.45	$2,353	$2,414 (-2.55%)	$2,549 (-7.71%)
4+ BR	$2.24	$3,375	$2,932 (15.11%)	$2,595 (30.04%)

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 6 cities nearby Hyde Park. The average rent in Hyde Park is currently $2,347 per month. A total of 3 cities nearby have an average rent lower than that. Our records show that Chicago, IL, with an average rent of $2,100, 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 $2,750 per month.

Let's compare Hyde Park, Chicago, IL's rent against other top cities nearby by bedroom size. One bedrooms are about 20.97% more affordable. Two bedrooms in Hyde Park, Chicago, IL are about 22.19% more affordable. Finally, rent for three bedrooms are about 5.08% more affordable. Want more information? Check out the top 6 cities near Hyde Park, Chicago, IL in the following chart.

City	Studio	1 Bed	2 Bed	All
Chicago, IL	$1,350	$1,845	$2,200	$2,100
Wheaton, IL	N/A	$1,899	$2,357	$2,271
Schaumburg, IL	N/A	$2,056	$2,603	$2,293
Aurora, IL	N/A	$1,635	$2,200	$2,400
Evanston, IL	$1,525	$2,100	$2,973	$2,745
Naperville, IL	N/A	N/A	$2,348	$2,750

Top Neighborhoods Near Hyde Park

There are a total of 14 neighborhoods in or near Hyde Park. Some of these neighborhoods include South Shore, Uptown, and Rogers Park. We've included all of these top 14 neighborhoods in or near Hyde Park, Chicago, IL in the following chart.

The average rent for these 14 neighborhoods in or near Hyde Park, Chicago, IL is currently around $2,186 per month. A total of 10 neighborhoods have a lower average rent. Meaning, only four neighborhoods have a higher average rent than $2,186. Out of all the neighborhoods in or near Hyde Park, South Shore has the most affordable average rent at $1,500 per month. Whereas, at $3,450 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	$873	$1,150	$1,450	$1,500
Uptown, Chicago, IL	$1,198	$1,650	$2,300	$1,638
Rogers Park, Chicago, IL	$1,200	$1,550	$1,895	$1,725
Edgewater, Chicago, IL	$1,325	$1,678	$2,200	$1,750
Humboldt Park, Chicago, IL	N/A	$2,188	$1,750	$2,000
West Rogers Park, Chicago, IL	$1,963	$1,600	$2,025	$2,075
Pilsen, Chicago, IL	N/A	$1,525	$1,895	$2,148
Woodlawn, Chicago, IL	N/A	$1,600	$1,900	$2,225
Logan Square, Chicago, IL	$1,295	$2,095	$2,300	$2,250
Bronzeville, Chicago, IL	$1,060	$1,425	$2,185	$2,350
Lakeview, Chicago, IL	$1,440	$1,898	$2,750	$2,400
South Loop, Chicago, IL	$1,625	$2,200	$3,000	$2,600
Near North Side, Chicago, IL	$1,765	$2,400	$4,200	$2,789
The Loop, Chicago, IL	$1,960	$2,600	$3,600	$3,450

Top Counties Near Hyde Park

There are a total of 14 counties located by Hyde Park, Chicago, IL. Some of these counties include Downers Grove, IL, Chicago, IL, and Milton, IL. The average rent for rentals in these counties is $2,329. 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 Downers Grove, IL. It's average rent per month is $2,100. Vice versa, with an average rent of $2,745, 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 22.71% more affordable than other counties nearby. Finally, rent for two bedrooms in Hyde Park, Chicago, IL is 17.97% more affordable than other counties nearby. We've listed the top 7 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Downers Grove, IL	N/A	$1,749	$2,149	$2,100
Chicago, IL	$1,350	$1,845	$2,200	$2,100
Milton, IL	N/A	$1,899	$2,271	$2,271
Schaumburg, IL	N/A	$2,139	$2,450	$2,329
Naperville, IL	N/A	$1,910	$2,250	$2,600
Leyden, IL	N/A	$1,550	$2,750	$2,650
Evanston, IL	$1,525	$2,100	$2,973	$2,745

Top Zipcodes Near Hyde Park

There are a total of 3 zipcodes in or near Hyde Park, Chicago, IL. The average rent for all of these zipcodes is $2,263. A total of 3 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 $1,775 per month. In comparison, the zipcode with the most expensive average rent of $2,398 per month is 60618, Chicago, IL.

Studios in these zipcodes have an average rent of $1,250. 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 $1,525 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,125 per month. Which comes out to $2 per sqft. The following chart includes the top 3 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	$1,525	$2,125	$2,263
60618, Chicago, IL	$1,600	$1,750	$2,210	$2,398
60641, Chicago, IL	$1,175	$1,400	$1,775	$1,775

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 $2,398. 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 $1,290 and an average price per square feet of $3.22. There are a total of 7 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 $1,548 and an average price per square feet of $2.27. There are a total of 6 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 $1,925 and an average price per square feet of $2.41. There are a total of 17 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 0.13%, one bedroom rental prices have changed by 0.05%, two bedroom rental prices have changed by 0.05%, and three bedroom rental prices have changed by -0.03% 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 $1,918/month. You can search for these reasonably priced rental listings on RentHop.