Hyde Park, Chicago, IL Rental Market Trends
Last updated: May 20, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Hyde Park is $1,801, a 2.09% increase compared to the previous year, when the average rent was $1,764.
Studio Apartments at $1,187 offer the most budget-friendly option with 415 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 608 square feet for $1,717, balancing privacy and affordability.
Two-beedroom units at $2,412 offer 847 square feet, perfect for roommates or small families.
Average rent in Hyde Park, Chicago, IL
Last updated: May 20, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,801 | 643 sq. ft. |
| Studio | $1,187 | 415 sq. ft. |
| 1 Bed | $1,717 | 608 sq. ft. |
| 2 Beds | $2,412 | 847 sq. ft. |
| 3 Beds | n/a | n/a |
Hyde Park, Chicago, IL rent trends
Rental prices in Hyde Park, Chicago, IL have increased by 2.09% over the past year. The average rent moved from $1,764 to $1,801.
What's the typical rent budget in Hyde Park, Chicago, IL?
The largest share of rentals in Hyde Park, Chicago, IL (39%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Hyde Park, Chicago, IL?
4,578 or 70% of the households in Hyde Park, Chicago, IL are renter-occupied while 1,947 or 30% are owner-occupied.
Most affordable neighborhoods in Hyde Park?
Jackson Park Highlands $1,085/month
Austin $1,108/month
Washington Park $1,211/month
All of these neighborhoods fall below the city wide average of $2,494/month.Most expensive neighborhoods in Hyde Park?
River North $3,420/month
Wrightwood $3,782/month
Sheffield $3,905/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Chicago, IL By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Sheffield | $3,905 |
| Wrightwood | $3,782 |
| River North | $3,420 |
| Greektown | $3,419 |
| Fulton Market | $3,357 |
| Streeterville | $3,300 |
| West Town | $3,189 |
| Near East Side Chicago | $3,170 |
| Old Town Chicago | $3,149 |
| Goose Island | $3,132 |
| Bucktown | $3,093 |
| Downtown Chicago | $3,084 |
| Old Town Triangle | $3,080 |
| Near West Side | $3,020 |
| Chicago Loop | $3,013 |
| River West | $3,002 |
| Fulton River District | $2,973 |
| Near North Side Chicago | $2,958 |
| Wicker Park | $2,957 |
| Humboldt Park | $2,791 |
| East Village | $2,762 |
| South Loop | $2,735 |
| Gold Coast | $2,653 |
| Cabrini - Green | $2,503 |
| Printer's Row | $2,462 |
| West Loop | $2,457 |
| Lincoln Park | $2,408 |
| Little Italy | $2,232 |
| Logan Square | $2,224 |
| Lakeview | $2,200 |
| Ravenswood | $2,111 |
| East Hyde Park | $2,038 |
| Palmer Square | $2,022 |
| Andersonville | $1,991 |
| Clarendon Park | $1,957 |
| Kenwood | $1,929 |
| Park West | $1,904 |
| Stateway Gardens | $1,884 |
| Hyde Park | $1,801 |
| Uptown Chicago | $1,765 |
| Buena Park | $1,735 |
| Margate Park | $1,598 |
| Bronzeville | $1,592 |
| Budlong Woods | $1,574 |
| Bryn Mawr Historic District | $1,572 |
| North Kenwood | $1,513 |
| Rogers Park | $1,509 |
| West Rogers Park | $1,496 |
| Woodlawn | $1,472 |
| East Garfield Park | $1,435 |
| Edgewater Beach | $1,433 |
| South Shore | $1,352 |
| Jefferson Park | $1,345 |
| Sheridan Park | $1,335 |
| Edgewater | $1,326 |
| Englewood | $1,305 |
| Douglas Park | $1,291 |
| Washington Park | $1,211 |
| Austin | $1,108 |
| Jackson Park Highlands | $1,085 |
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Chicago | Rent Comparison by Neighborhood
Rent in Hyde Park is 10% lower than in Andersonville
$1,801
Hyde Park rent is the same as Chicago average
Average Rent
$1,801
$1,991
Andersonville rent is 11% higher than Chicago average
Average Rent
$1,991
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Hyde Park apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.