Average Rent in Hyde Park, Chicago, IL

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Current Versus Historical Hyde Park, Chicago, IL Rents

Hyde Park rentals average $1,200 for a studio rental to $3,000 for a 4-bedroom rental. The median price of all currently available listings is $2,050, or roughly $2 per square feet.
For the apartment units and housing in March 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $92 (9.50%) year-over-year from $964 to $1,055. 1-bedroom rentals prices have increased by $50 (3.56%) year-over-year from $1,393 to $1,443. 2-bedroom rentals prices have increased by $203 (10.77%) year-over-year from $1,885 to $2,088. 3-bedroom rentals prices have increased by $92 (3.51%) year-over-year from $2,608 to $2,700. 4-bedroom rentals prices have increased by $37 (1.20%) year-over-year from $3,063 to $3,100. 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 8.39% this month. 1-bedroom rents have gone up by 0.42% this month. 2-bedroom rents have gone down by 2.14% this month. 3-bedroom rents have gone up by 9.87% this month. 4-bedroom rents have gone up by 6.96% this month.
Beds
Price / Sqft
Mar 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $3.29 $1,055 $964 (9.50%) $718 (46.87%)
1 BR $2.22 $1,443 $1,393 (3.56%) $1,450 (-0.48%)
2 BR $2.29 $2,088 $1,885 (10.77%) $2,026 (3.06%)
3 BR $2.74 $2,700 $2,608 (3.51%) $2,715 (-0.55%)
4+ BR $2.21 $3,100 $3,063 (1.20%) $3,183 (-2.62%)

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 $2,140 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 $2,000, 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 $2,500 per month.

Let's compare Hyde Park, Chicago, IL's rent against other top cities nearby by bedroom size. One bedrooms are about 0.86% more affordable. Two bedrooms in Hyde Park, Chicago, IL are about 21.92% more affordable. Finally, rent for three bedrooms are about 5.72% more expensive. 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 $1,290 $1,760 $2,300 $2,000
Schaumburg, IL N/A $1,995 $2,515 $2,043
Evanston, IL $1,195 $1,650 $2,200 $2,140
Wheaton, IL N/A $1,840 $2,350 $2,195
Naperville, IL N/A $1,675 $2,273 $2,500

Top Neighborhoods Near Hyde Park

There are a total of 15 neighborhoods in or near Hyde Park. Some of these neighborhoods include Rogers Park, Edgewater, and Uptown. 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 $2,000 per month. A total of 9 neighborhoods have a lower average rent. Meaning, only six neighborhoods have a higher average rent than $2,000. Out of all the neighborhoods in or near Hyde Park, Rogers Park has the most affordable average rent at $1,550 per month. Whereas, at $2,709 average rent per month, South 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
Rogers Park, Chicago, IL $1,123 $1,350 $1,850 $1,550
Edgewater, Chicago, IL $1,105 $1,500 $2,275 $1,550
Uptown, Chicago, IL $1,095 $1,613 $2,325 $1,635
Ravenswood, Chicago, IL $1,210 $1,550 $2,550 $1,695
Albany Park, Chicago, IL $1,188 $1,495 $1,700 $1,700
West Rogers Park, Chicago, IL N/A $1,300 $1,700 $1,700
Humboldt Park, Chicago, IL N/A $1,575 $1,898 $1,975
Lincoln Park, Chicago, IL $1,450 $2,000 $3,300 $2,000
Logan Square, Chicago, IL $1,150 $1,793 $2,175 $2,000
Lakeview, Chicago, IL $1,325 $1,843 $2,568 $2,097
DePaul, Chicago, IL $1,545 $1,950 $2,398 $2,395
Bucktown, Chicago, IL $1,800 $2,400 $2,325 $2,400
Bronzeville, Chicago, IL $1,275 $1,613 $2,000 $2,585
Near North Side, Chicago, IL $1,858 $2,450 $3,530 $2,616
South Loop, Chicago, IL $1,698 $2,100 $3,000 $2,709

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, Schaumburg, IL, and Downers Grove, IL. The average rent for rentals in these counties is $2,120. That's roughly around $2 per sqft. A total of 2 counties have a lower average rent. The county that is the most affordable is Chicago, IL. It's average rent per month is $2,000. Vice versa, with an average rent of $2,600, Naperville, IL is the most expensive county by Hyde Park, Chicago, IL.

In comparison, rent for one bedroom listings in Hyde Park, Chicago, IL is 2.02% more affordable than other counties nearby. Finally, rent for two bedrooms in Hyde Park, Chicago, IL is 21.92% more affordable than other counties nearby. We've listed the top 6 counties in the chart below.
County Studio 1 Bed 2 Bed All
Chicago, IL $1,290 $1,760 $2,300 $2,000
Schaumburg, IL N/A $1,988 $2,475 $2,043
Downers Grove, IL N/A $1,801 $2,198 $2,100
Evanston, IL $1,195 $1,650 $2,200 $2,140
Milton, IL N/A $1,840 $2,320 $2,180
Naperville, IL N/A $1,675 $2,300 $2,600

Top Zipcodes Near Hyde Park

There are a total of 20 zipcodes in or near Hyde Park, Chicago, IL. The average rent for all of these zipcodes is $2,145. A total of 9 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 $1,475 per month. In comparison, the zipcode with the most expensive average rent of $2,950 per month is 60607, Chicago, IL.

Studios in these zipcodes have an average rent of $1,244. That's at least $3 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 $1,824 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,400 per month. Which comes out to $2 per sqft. The following chart 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 $1,192 $1,700 $1,925 $1,975
60607, Chicago, IL $1,950 $2,480 $3,200 $2,950
60654, Chicago, IL $1,940 $2,500 $3,600 $2,550
60611, Chicago, IL $1,800 $2,400 $3,775 $2,750
60610, Chicago, IL $1,853 $2,255 $3,383 $2,648
60642, Chicago, IL $1,850 $2,201 $2,650 $2,675
60622, Chicago, IL $1,893 $2,095 $2,450 $2,350
60614, Chicago, IL $1,525 $2,370 $2,888 $2,395
60647, Chicago, IL $1,150 $1,795 $2,250 $2,163
60657, Chicago, IL $1,335 $1,927 $2,650 $2,127

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 $2,050. 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 $1,200 and an average price per square feet of $3.29. There are a total of 4 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 $1,745 and an average price per square feet of $2.22. 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 $1,887 and an average price per square feet of $2.29. There are a total of 14 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 0.09%, one bedroom rental prices have changed by 0.04%, two bedroom rental prices have changed by 0.11%, and three bedroom rental prices have changed by 0.04% 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 $1,640/month. You can search for these reasonably priced rental listings on RentHop.
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