Average Rent in Hyde Park, Chicago, IL

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Current Versus Historical Hyde Park, Chicago, IL Rents

Hyde Park rentals average $1,188 for a studio rental to $3,500 for a 4-bedroom rental. The median price of all currently available listings is $1,898, or roughly $29 per square feet.

For the apartment units and housing in October 2026, median rents have fallen substantially over the last year. Studio rentals prices have decreased by $89 (-6.98%) year-over-year from $1,277 to $1,188. 1-bedroom rentals prices have decreased by $189 (-12.45%) year-over-year from $1,519 to $1,330. 2-bedroom rentals prices have increased by $23 (0.98%) year-over-year from $2,377 to $2,400. 3-bedroom rentals prices have decreased by $299 (-9.58%) year-over-year from $3,124 to $2,825. 4-bedroom rentals prices have increased by $552 (18.71%) year-over-year from $2,948 to $3,500. 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 down by 6.92% this month. 1-bedroom rents have gone down by 11.73% this month. 2-bedroom rents have gone up by 9.51% this month. 3-bedroom rents have gone up by 0.30% this month. 4-bedroom rents have gone down by 3.23% this month.

Beds	Price / Sqft	Oct 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$42.91	$1,188	$1,277 (-6.98%)	$1,197 (-0.81%)
1 BR	$29.62	$1,330	$1,519 (-12.45%)	$1,481 (-10.18%)
2 BR	$28.80	$2,400	$2,377 (0.98%)	$1,892 (26.86%)
3 BR	$24.10	$2,825	$3,124 (-9.58%)	$2,223 (27.06%)
4+ BR	$21.27	$3,500	$2,948 (18.71%)	$2,730 (28.21%)

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 12 cities nearby Hyde Park. The average rent in Hyde Park is currently $2,468 per month. Our records show that Oak Park, 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 River Grove, IL. Monthly rents here are on average $3,170 per month.

Let's compare Hyde Park, Chicago, IL's rent against other top cities nearby by bedroom size. Typically, rent for studios in Hyde Park, Chicago, IL is 11.58% more affordable than other cities nearby. One bedrooms are about 37.01% more affordable. Two bedrooms in Hyde Park, Chicago, IL are about 6.25% more expensive. Finally, rent for three bedrooms are about 6.19% more affordable. Want more information? Check out the top 10 cities out of 12 total cities near Hyde Park, Chicago, IL in the following table.

City	Studio	1 Bed	2 Bed	All
Oak Park, IL	$1,925	$2,455	$2,150	$2,150
Palatine, IL	$1,300	$1,538	$2,100	$2,300
Wheaton, IL	$1,425	$1,850	$2,546	$2,400
Schaumburg, IL	N/A	$2,276	$2,300	$2,400
Skokie, IL	$1,150	$2,300	$2,200	$2,425
Evanston, IL	$2,455	$1,795	$2,490	$2,510
Chicago, IL	$2,152	$2,626	$3,000	$2,577
Arlington Heights, IL	$1,200	$1,700	$2,200	$2,600
Naperville, IL	N/A	$1,625	$2,338	$2,900
River Grove, IL	N/A	$1,395	$3,190	$3,170

Top Neighborhoods Near Hyde Park

There are a total of 25 neighborhoods in or near Hyde Park. Some of these neighborhoods include South Shore, Austin, and Rogers Park. We've included all of these top 25 neighborhoods in or near Hyde Park, Chicago, IL in the following table.

The average rent for these 25 neighborhoods in or near Hyde Park, Chicago, IL is currently around $2,495 per month. A total of 4 neighborhoods have a lower average rent. Meaning, only twenty-one neighborhoods have a higher average rent than $2,495. Interestingly, the neighborhoods' average rent is higher than Hyde Park's average rent, which is only $1,898. Out of all the neighborhoods in or near Hyde Park, South Shore has the most affordable average rent at $1,600 per month. Whereas, at $3,940 average rent per month, DePaul is the most expensive neighborhood in or near Hyde Park. View the following table for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
South Shore, Chicago, IL	$1,098	$1,150	$1,450	$1,600
Austin, Chicago, IL	$1,150	$1,150	$1,550	$1,700
Rogers Park, Chicago, IL	$1,364	$1,485	$1,976	$1,784
Edgewater, Chicago, IL	$1,407	$1,741	$2,500	$1,898
Lawndale, Chicago, IL	$1,550	$1,400	$1,650	$1,900
West Rogers Park, Chicago, IL	$1,575	$1,450	$1,900	$1,905
Uptown, Chicago, IL	$1,450	$2,000	$2,525	$2,000
Pilsen, Chicago, IL	$2,500	$1,500	$2,050	$2,100
Ravenswood, Chicago, IL	$1,495	$1,985	$2,650	$2,225
Humboldt Park, Chicago, IL	$1,375	$1,788	$2,038	$2,275
Logan Square, Chicago, IL	$1,685	$2,250	$2,536	$2,400
University Village - Little Italy, Chicago, IL	$2,029	$2,397	$3,072	$2,451
Lakeview, Chicago, IL	$1,550	$2,350	$3,178	$2,495
Bronzeville, Chicago, IL	$995	$1,700	$2,353	$2,600
Bucktown, Chicago, IL	$2,219	$2,622	$3,200	$2,647
Tri-Taylor, Chicago, IL	$2,205	$2,673	$3,089	$2,700
Lincoln Park, Chicago, IL	$1,848	$2,750	$4,080	$2,741
South Loop, Chicago, IL	$2,324	$2,681	$3,500	$2,840
The Loop, Chicago, IL	$2,384	$2,950	$4,084	$2,883
Near West Side, Chicago, IL	$2,342	$2,908	$3,800	$2,993
Near North Side, Chicago, IL	$2,381	$2,920	$4,167	$3,019
Goose Island, Chicago, IL	$1,925	$3,052	$4,593	$3,025
West Loop, Chicago, IL	$2,480	$3,066	$4,143	$3,103
West Town, Chicago, IL	$2,597	$3,022	$4,255	$3,210
DePaul, Chicago, IL	$2,120	$2,625	$4,000	$3,940

Top Counties Near Hyde Park

There are a total of 27 counties located by Hyde Park, Chicago, IL. Some of these counties include Worth, IL, Proviso, IL, and Oak Park, IL. The average rent for rentals in these counties is $2,495. That's roughly around $23 per sqft. A total of one county has a lower average rent. The county that is the most affordable is Worth, IL. Its average rent per month is $1,800. Vice versa, with an average rent of $3,200, Vernon, IL is the most expensive county by Hyde Park, Chicago, IL.

Typically, rent for studios in Hyde Park, Chicago, IL is 1.05% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Hyde Park, Chicago, IL is 24.06% more affordable than other counties nearby. Finally, rent for two bedrooms in Hyde Park, Chicago, IL is 10.42% more expensive than other counties nearby. We've listed the top 10 counties in the table below.

County	Studio	1 Bed	2 Bed	All
Worth, IL	$1,350	$1,450	$1,650	$1,800
Proviso, IL	$1,223	$1,400	$1,800	$1,950
Oak Park, IL	$1,925	$2,455	$2,150	$2,150
Thornton, IL	$1,250	$1,200	$1,668	$2,200
Lyons, IL	$1,650	$1,550	$1,800	$2,300
Downers Grove, IL	N/A	$1,600	$2,138	$2,350
Evanston, IL	$2,455	$1,795	$2,490	$2,510
Chicago, IL	$2,152	$2,626	$3,000	$2,577
Niles, IL	$1,150	$2,300	$2,250	$2,750
Leyden, IL	N/A	$1,488	$3,150	$2,815

Top Zipcodes Near Hyde Park

There are a total of 35 zipcodes in or near Hyde Park, Chicago, IL. The average rent for all of these zipcodes is $2,400. A total of 8 zipcodes have an average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 60649, Chicago, IL at $1,600 per month. In comparison, the zipcode with the most expensive average rent of $3,126 per month is 60611, Chicago, IL.

Studios in these zipcodes have an average rent of $1,573. That's at least $41 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 $1,875 per month. Or in other words, $33 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,475 per month. Which comes out to $29 per sqft. The following table 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	$1,188	$1,413	$2,000	$2,300
60637, Chicago, IL	$1,125	$1,550	$1,700	$1,850
60653, Chicago, IL	$995	$1,700	$2,370	$2,550
60649, Chicago, IL	$1,098	$1,150	$1,450	$1,600
60616, Chicago, IL	N/A	$2,485	$3,045	$2,655
60619, Chicago, IL	N/A	$1,100	$1,525	$1,650
60605, Chicago, IL	$2,324	$2,744	$3,670	$2,840
60608, Chicago, IL	$2,500	$1,498	$2,000	$2,050
60607, Chicago, IL	$2,421	$2,930	$3,925	$2,996
60601, Chicago, IL	$2,372	$2,990	$4,336	$2,938

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 $1,898. 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 $1,188 and an average price per square feet of $42.91. There are a total of 18 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 $1,330 and an average price per square feet of $29.62. There are a total of 7 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 $2,400 and an average price per square feet of $28.80. There are a total of 10 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 -0.07%, one bedroom rental prices have changed by -0.12%, two bedroom rental prices have changed by 0.01%, three bedroom rental prices have changed by -0.10% 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 $1,518/month. You can search for these reasonably priced rental listings on RentHop.