
Cheap Homes for Rent in Hyde Park Neighborhood of Chicago, IL from $1,000 (20 Rentals)
Search the lowest-cost Homes available for rent right now in the Hyde Park area of Chicago.


5451 S Cornell Ave

5451 S Cornell Ave, Unit 202

1367 E 53rd St

1367 E 53rd St

1367 E 53rd St
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

1367 E 53rd St

5451 S Cornell Ave

1367 E 53rd St

1367 E 53rd St

1367 E 53rd St

1367 E 53rd St, Unit 205
Hyde Park - One of the Best Affordable Neighborhoods in Chicago
Named as one of the Best Affordable Neighborhoods to rent in Chicago by our Chicago, IL Local Expert Nicole Harms. See how it ranks!

5456 S Kimbark Ave

5459 S Everett Ave

5400 S Harper Ave, Unit 703

5704 S Harper Ave

5300 S South Shore Dr

1700 E 56th St
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

1401 E 55th St

842 E 53rd St
Hyde Park, Chicago, IL Local Guide

How much does it cost to rent a home in Hyde Park?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Hyde Park 2 Bedroom Homes for Rent | $2,238 | $1,800 | $2,800 |
Hyde Park 3 Bedroom Homes for Rent | $3,016 | $2,300 | $3,750 |
Hyde Park 4 Bedroom Homes for Rent | $4,247 | $2,995 | $5,500 |
Hyde Park 5 Bedroom Homes for Rent | $4,248 | $2,995 | $6,750 |
Hyde Park 6 Bedroom Homes for Rent | $3,000 | $3,000 | $3,000 |
Browse Homes for Rent in this Neighborhood
There are currently 20 rentals with your search options within a 2 mile radius of the Hyde Park Neighborhood of Chicago, IL.
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Hyde Park, Chicago, IL Local Guide
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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 $669. 5748 Blackstone By 3L Living has the second lowest priced unit, which is a Studio apartment currently listed from $684. Here are the most affordable Hyde Park apartments for rent in Chicago, IL:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
5445 Ingleside By 3L Living | Large Co-Living Single Room | Studio,1BA | $669 |
5748 Blackstone By 3L Living | No Kitchenette with Shared Bathroom | Studio,1BA | $684 |
5540 Hyde Park by 3L Living | _5540 - Single - North | Studio,1BA | $715 |
Woodlawn House Apartments | Studio Floor Plan S1 | Studio,1BA | $957 |
5401 Cornell by 3L Living | Studio | Studio,1BA | $965 |
Best Value Apartments for Rent in Hyde Park, IL
As of April 24, 2025 the best value apartment in the Hyde Park area is the $1.09 price per square foot 1015 E Hyde Park Blvd Model at 1015 E Hyde Park Blvd, Unit 3 in the in the Hyde Park neighborhood starting from $3,600. The second greatest value Hyde Park apartment is the 5218-5bC Model at 5218-5220 S. Kimbark Avenue starting at $3,500 with a $1.70 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
1015 E Hyde Park Blvd, Unit 3 | 1015 E Hyde Park Blvd | 5BR,3BA | $1.09 |
5218-5220 S. Kimbark Avenue | 5218-5bC | 5BR,2BA | $1.70 |
5487-5491 S. Hyde Park Boulevard | 5487-5bA | 5BR,2BA | $1.96 |
5508 S. Cornell Avenue | 5508-4bD | 4BR,3BA | $1.72 |
1159 E 52nd St, Unit 1 | 1159 E 52nd St | 2BR,2BA | $1.75 |
1159 E 52nd St, Unit 1 | 1159 E 52nd St | 2BR,2BA | $1.75 |
5409 S. Blackstone | 5411_3b2a | 3BR,2BA | $1.85 |
5128-5132 S. Cornell Avenue | 5128-2bC | 2BR,1BA | $1.82 |
918 E. Hyde Park Boulevard | 918h1bb | 1BR,1BA | $1.94 |
5020 S Woodlawn Ave | 1 Bedroom | 1BR,1BA | $1.73 |
Quick Rent Budget Calculator
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Frequently Asked Questions about Hyde Park
What type of rentals are currently available in Hyde Park?
There are currently 563 Apartments for Rent in Hyde Park, IL with pricing that ranges from $669 to $13,785. There are also 54 Single Family Homes for rent, Condos, and Townhome rentals currently available in Hyde Park ranging from $1,000 to $6,750.
What is the current price range for Rental Homes in Hyde Park?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Hyde Park ranges from $1,000 to $6,750 with an average monthly rent of $2,832.
How much are larger Three and Four Bedroom Rentals in Hyde Park?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Hyde Park range from $1,600 to $13,785, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,300 to $3,750. Four Bedroom Single-Family rentals are also available starting from $2,995 and Four Bedroom Apartments start at $3,000.
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.

A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago
Written by: Nicole Harms
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.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
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.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.