Cheap Apartments for Rent in the Hyde Park Neighborhood of Chicago, IL from $500 (75 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Hyde Park area of Chicago.

Chicago's Best Affordable Neighborhoods

Learn about Chicago and the best places to live with original content written by our Chicago, IL Local Expert Nicole Harms

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Hyde Park

Named as one of the Best Affordable Neighborhoods to rent in Chicago by our Chicago, IL Local Expert Nicole Harms. See how it ranks!

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5401 S Ellis Ave
Studio Apartments

5401 S Ellis Ave

5401 S Ellis AveChicago, IL 60615
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Hyde Park Beach
Studio Apartments

Hyde Park Beach

5325-5327 S Cornell AveChicago, IL 60615
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Cornell Arms Apartments
Studio to 1 Bedroom Apartments

Cornell Arms Apartments

5212-5220 S Cornell AveChicago, IL 60615
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The Columbian
Studio to 1 Bedroom Apartments

The Columbian

5220-5224 S Harper AveChicago, IL 60615
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Ohio Commons
1 to 3 Bedroom Apartments

Ohio Commons

5001 S Drexel BlvdChicago, IL 60615
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The Carolan Apartments
Studio to 1 Bedroom Apartments

The Carolan Apartments

5480 S Cornell AveChicago, IL 60615
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Ivy Tower
Studio Apartments

Ivy Tower

5455 S Blackstone AveChicago, IL 60615
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Ivy Dorchester
Studio to 2 Bedroom Apartments

Ivy Dorchester

5118 S Dorchester AveChicago, IL 60615
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Everett Apartments
Studio Apartments

Everett Apartments

5465 S Everett AveChicago, IL 60615
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Ivy Dickens
Studio to 1 Bedroom Apartments

Ivy Dickens

5330 S Blackstone AveChicago, IL 60615
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Blackstone Court
Studio to 1 Bedroom Apartments

Blackstone Court

5724-5734 S Blackstone AveChicago, IL 60637
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Ivy Villas
Studio to 2 Bedroom Apartments

Ivy Villas

5514 S Blackstone AveChicago, IL 60637
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5136 S Kimbark Ave
Studio Apartments

5136 S Kimbark Ave

5136 S Kimbark AveChicago, IL 60615
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Ivy at Shelbyrne
Studio to 2 Bedroom Apartments

Ivy at Shelbyrne

5110 S Kenwood AveChicago, IL 60615
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Ivy at Carlson
Studio to 2 Bedroom Apartments

Ivy at Carlson

1401 E Hyde Park BlvdChicago, IL 60615
Showing Results 1-50, Page 1 of 2

Hyde Park, Chicago, IL Local Guide

Cheapest Available Hyde Park Apartments for Rent

 

The cheapest available apartment rental in the Hyde Park area of Chicago, IL is a Studio unit found at 5445 Ingleside By 3L Living priced from $600. 5540 Hyde Park by 3L Living has the second lowest priced unit, which is a Studio apartment currently listed from $699. Here are the most affordable Hyde Park apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
5445 Ingleside By 3L LivingLarge Co-Living Single RoomStudio,1BA$600
5540 Hyde Park by 3L Living_5540 - Single - WestStudio,1BA$699
5748 Blackstone By 3L LivingNo Kitchenette with Shared BathroomStudio,1BA$699
5120 S. Hyde Park Boulevard5120-0bAStudio,1BA$900
The Ella ApartmentsStudio Floor Plan S2Studio,1BA$918
Woodlawn House ApartmentsStudio Floor Plan S1Studio,1BA$948
The Max ApartmentsStudio Floor Plan S3Studio,1BA$948
Cornell (The Greenstone)Small StudioStudio,1BA$980
Museum Walk ApartmentsStudio Floor Plan S4Studio,1BA$999
2Sisters ApartmentsStudio Floor Plan S3Studio,1BA$1,010

Best Value Apartments for Rent in Hyde Park, IL

As of February 22, 2025 the best value apartment in the Hyde Park area is the $0.55 price per square foot Drexel Model at Drexel House - Co-Living in the in the Hyde Park neighborhood starting from $1,200. The second greatest value Hyde Park apartment is the 5508-4bD Model at 5508 S. Cornell Avenue starting at $3,450 with a $1.80 price per square foot in the Hyde Park neighborhood. Here is today’s list of the best values for Hyde Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Drexel House - Co-LivingDrexel1BR,1BA$0.55
5508 S. Cornell Avenue5508-4bD4BR,3BA$1.80
5468-70 S. Hyde Park Boulevard5468-4bC4BR,2BA$1.79
Hyde Park West3x2 TH3BR,1.5BA$1.47
5229 S. Drexel Avenue5229-3bB3BR,2BA$1.56
5422-24 S. University Ave.3BR/3.5BA3BR,3.5BA$1.42
5129 S Ingleside Ave, Unit 1 Rear5129 S Ingleside Ave2BR,1BA$1.45
Greenwood 5201gnwd1bc11BR,1BA$1.82
5020 S Woodlawn Ave1 Bedroom1BR,1BA$1.73
Scholars Corner Apartments1 Bedroom Floor Plan A41BR,1BA$1.87

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Hyde Park, Chicago, IL

Ranked #38

Among neighborhoods in Chicago, IL for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of rentals in metropolitan areas across the United States, including Chicago. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including rankings of the best places for outdoor amenities like tennis courts, luxury amenities, features that make it easier to raise kids, raising pets, transit options, and other valuable search options. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Getting Around the Hyde Park Neighborhood in Chicago, IL

Walk Score®

90 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

93 / 100

Biker's Paradise

Daily errands can be accomplished on a bike

Transit Score®

65 / 100

Good Transit

Many nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Hyde Park Apartments

What is the Cheapest Studio apartment in Hyde Park?

Currently the most affordable Cheap Studio Apartment in Hyde Park is at 5445 Ingleside By 3L Living listed at $600.

How much is rent for a Cheap One Bedroom Hyde Park Apartment?

The lowest price for a Cheap One Bedroom Hyde Park Apartment is $1,110 at 801-05 E Drexel Square.

What is the lowest price for a Cheap Two Bedroom Hyde Park Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Hyde Park is starting from $1,530 at Madison Park Apartments.

What is the most affordable Hyde Park Three Bedroom Apartment?

The best deal on a cheap Hyde Park Three Bedroom Apartment rental is at 5355-5361 S. Cottage Grove Avenue and starts from $1,975.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago

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I’m Nicole, your ApartmentHomeLiving.com Local Expert for Chicago, IL. As a resident of the Chicago area for over 20 years, I’ve learned which neighborhoods are great and which are best avoided.

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

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With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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