Apartments in Hyde Park Chicago

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12
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5043 S. Drexel Ave Chicago, IL
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Hyde Park
8
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5049 S. Drexel Ave Chicago, IL
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Hyde Park
12
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5300 5308 S. Greenwood Avenue Chicago, IL
Studio | Jul. 8, 2024
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Hyde Park
9
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5401 5409 S. Cottage Grove Avenue Chicago, IL
Studio | Jun. 17, 2024
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5
$1,695 - 2,200
5400 5406 S. Maryland Avenue Chicago, IL
2 - 4 BR | Available Now
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Hyde Park
7
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5355 5361 S. Cottage Grove Chicago, IL
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Hyde Park
9
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5350 5358 S. Maryland Chicago, IL
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Hyde Park
36
$2,095
5430 S Drexel Chicago, IL
3 BR | Available Now
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8
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5320 5326.5 S. Drexel Boulevard Chicago, IL
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Hyde Park
9
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5301 5307 S. Maryland Avenue Chicago, IL
Studio | Jun. 17, 2024
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Hyde Park
7
$1,950
5401 5405 S. Drexel Boulevard Chicago, IL
2 BR | Available Now
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Hyde Park
1
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Chicago, IL
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Hyde Park
12
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5400 5408 S. Ingleside Chicago, IL
Studio | May. 20, 2024
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Hyde Park
10
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5452 5466 S. Ellis Avenue Chicago, IL
Studio | Jun. 17, 2024
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10
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5222 S. Drexel Ave Chicago, IL
Studio | Apr. 10, 2024
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Hyde Park
10
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5220 South Drexel Avenue Chicago, IL
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6
$1,360
Chicago, IL
2 BR | Available Now
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Washington Park
11
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$1,595 - 3,400
5411 5421 S. Ellis Avenue Chicago, IL
2 - 3 BR | Available Now
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9
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$1,795 - 2,650
5234 5244 S. Ingleside Avenue Chicago, IL
2 - 3 BR | Available Now
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18
$1,125 - 1,505
801 E Drexel Square Chicago, IL
1 - 2 BR | Available Now
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Hyde Park
9
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$1,795
1018 E 54Th St Chicago, IL
2 BR | Available Now
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Hyde Park
8
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5301 5309 South Ellis St, Chicago, IL
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Hyde Park
11
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5326 5336 S. Greenwood Avenue Chicago, IL
Studio | Jun. 26, 2024
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10
$1,750
Chicago, IL
3 BR | Available Now
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House
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3
$850 - 2,200
Chicago, IL
2 - 5 BR | Ask for Availability
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Washington Park
8
$849 - 1,450
5727 S Calumet Ave Chicago, IL
3 BR | Ask for Availability
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Washington Park
$1,995
Chicago, IL
2 BR | Available Now
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Hyde Park
13
$3,750
Chicago, IL
3 BR | Jul. 1, 2024
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Hyde Park
20
$2,250
936 E. 52nd, Unit J Chicago, IL
3 BR | Available Now
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20
$2,245
Chicago, IL
3 BR | Mar. 30, 2024
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Hyde Park
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Hyde Park Neighborhood Summary

Cultural Diversity Combined with a Campus Vibe in Chicago’s Hyde Park

In 1853 a real estate speculator, Paul Cornell, bought 300 acres of land between 51st and 55th Streets along Lake Michigan’s shore. The land was a mere seven miles south of Chicago’s downtown. His intent was to convince Chicago businessmen to build homes for their families, and Hyde Park became a suburb for wealthy city dwellers who wanted to leave the noise and overcrowding of a growing city. In 1857 the Hyde Park House was built. It was an extremely high-end hotel built on the shore of Lake Michigan. Mary Todd Lincoln spent the summer of 1865 there with her children. The hotel burned down in 1879 and The Sisson Hotel was built there in 1918, eventually becoming converted to condominiums. In 1889 the City of Chicago annexed Hyde Park and in 1891 the University of Chicago was established with money from John D. Rockefeller, eventually laying claim to 89 Nobel Prize laureates. In 1893 the World’s Columbian Exposition was held in Hyde Park. The fair brought an influx of new residents which would give rise to the development of a more urban feel in the community. All but one of the structures built for the fair were temporary. The remaining building is Charles Atwood’s Palace of Fine Arts which has become the Museum of Science and Industry, the largest science museum in the Western Hemisphere. The neighborhoods’ 89 Nobel winners include President Barack Obama.

Who Lives There

The total population for Hyde Park is 12,567 with the median age at 32 years. 10.12 % of households have children under the age of 18 and the average median household income is $66,220. 15.78% of the residents have bachelor’s degrees. In the current market it will cost $965 per month to rent a 416 square foot studio apartment, $1395 per month for a 627 square foot one-bedroom and $3,334 per month for a 1275 square foot place.

Places of Interest

Hyde Park is a culturally diverse community with the University of Chicago campus drawing students from around the world. The Midway Plaisance Park, Jackson and Washington Park and South Shore Cultural Center host trails, tennis courts, events and festivals to enrich the lives of community members and guests. In the northeast section of Hyde Park, you can find a vast array of coffeehouses, restaurants and specialty shops.

Chicago:
March Rent Report

Welcome to the March 2024 Chicago Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the March 2024 key findings and figures for the Chicago rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Chicago and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Chicago average rent prices in the chart below.

Monthly Rent Report

$2,300
$1,730
$1,150
$580
$0
Apr. 2023
May. 2023
Jun. 2023
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
1 BR       2 BR

Chicago Rent Prices Increase From February to March

Chicago rent prices increased over the last month. From February to March, the city experienced a 1.86% increase for the price of a one-bedroom apartment. The rent price for a Chicago one-bedroom apartments currently stands at $1,866.0.

When we take a look at the two-bedroom comparison from February to March, Chicago experienced a 1.72% increase for the price of a two-bedroom apartment. The rent price for a Chicago two-bedroom apartments currently stands at $2,184.0.

March Prices: Chicago vs. Surrounding Areas

Chicago, IL
Evanston, IL
Schaumburg, IL
Des Plaines, IL
Lombard, IL
Naperville, IL
Arlington Heights, IL
Oak Park, IL
$1,832
$1,770
$1,752
$1,694
$1,595
$1,447
$1,442
$1,253
$0
$600
$1,200
$1,800
$2,400
Median 1 BR Rent

Rent Prices in Chicago and Surrounding Areas

Rent prices have increased in Chicago over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 4 of the Chicago suburbs increased last month. On the other hand, 3 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Oak Park, IL, Evanston, IL, Schaumburg, IL, Des Plaines, IL .

  • Rent decreased in Naperville, IL, Arlington Heights, IL, Lombard, IL.

  • 7 suburbs are currently priced lower than the city of Chicago.

March 2024 Pricing Trends: Chicago vs. National Comparisons

New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Minneapolis, MN
Columbus, OH
Pittsburgh, PA
$3,976
$3,029
$2,358
$2,336
$1,866
$1,310
$1,235
$1,124
$0
$1,300
$2,600
$3,900
$5,200
Median Rent

Chicago Rent Prices More Affordable Than Major Cities

Rent growth in Chicago over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Chicago average rent prices appear to be relatively affordable for local residents.

The price for a Chicago one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Chicago and surrounding area rent prices, take a look at the complete data set below.

Data set for Chicago and suburbs

1 BR March 1 BR M/M % Change 2 BR March 2 BR M/M % Change
Chicago, IL $1,832.0 1.27% $2,147.0 1.13%
Naperville, IL $1,447.0 -0.07% $1,830.0 0.11%
Oak Park, IL $1,253.0 0.16% $1,744.0 1.99%
Arlington Heights, IL $1,442.0 -4.06% $1,871.0 0.16%
Evanston, IL $1,770.0 1.43% $1,919.0 -1.84%
Lombard, IL $1,595.0 -3.04% $1,919.0 3.06%
Schaumburg, IL $1,752.0 1.39% $2,178.0 1.44%
Des Plaines, IL $1,694.0 0.89% $2,013.0 2.18%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.