Rental market snapshot for Hyde Park, Chicago
Hyde Park rental market summary
The rental market in Hyde Park, Illinois has seen a steady increase in new listings, with 567 new listings in 2023-07-31. This is a positive sign for the rental market in the area, as it indicates that more people are looking to rent in the area.
The median rent in Hyde Park, Illinois has also seen an increase from $1,805 in 2023-06-30 to $1,825 in 2023-07-31, representing a 1.1% increase. This is a positive sign for the rental market in the area, as it indicates that rental prices are increasing. Additionally, the median rent in Hyde Park, Illinois has seen a significant increase from $2,200 in 2022-07-31 to $1,825 in 2023-07-31, representing a 17.0% decrease. This is a positive sign for renters in the area, as it indicates that rental prices are becoming more affordable.
Median rent for all residential properties in Hyde Park
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The most expensive listings and top trending buildings in Hyde Park
Most Expensive Listings
Address | Rent Price | Bed / Bath |
---|---|---|
1616 E 56th St | $5,850 | 3 / 2.0 |
1616 E 56th St | $5,700 | 3 / 2.0 |
1616 E 56th St | $5,685 | 3 / 2.0 |
5252 S Cornell Ave | $5,500 | 2 / 2.0 |
1616 E 56th St | $5,290 | 3 / 2.0 |
Top Trending Buildings
building name | avg rent price |
---|---|
Pioneer Acquisitions | $1,371 |
Peak Realty | $1,288 |
REALTY & MORTGAGE CO | $1,257 |
3L Real Estate | $982 |
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Bedroom Breakdown in Hyde Park
Hyde Park neighborhood apartments rents
The rental market for studios in Hyde Park, Illinois is showing signs of growth in July 2023, with 25 new studio listings. The median rent for studios in July 2023 is $1,150, which is a 4.2% decrease from the median rent in June 2023 of $1,200. This suggests that the rental market for studios in Hyde Park is becoming more competitive, with more options available for renters.
The rental market for 1-bedroom apartments in Hyde Park, Illinois is showing signs of growth. In July 2023, there were 70 new 1-bedroom listings, a 6.5% decrease in median rent from June 2023 to July 2023, and a median rent of $1,590. This indicates that the rental market is becoming more competitive, with more options available for renters.
The rental market for 2-bedroom apartments in Hyde Park, Illinois is showing signs of growth. In July 2023, there were 53 new 2-bedroom listings, a 3.9% increase from the median rent in June 2023. The median rent for 2-bedroom apartments in July 2023 was $1,895, which is a slight decrease from the median rent in June 2023 of $1,972. This indicates that the rental market for 2-bedroom apartments in Hyde Park is becoming more competitive, with more options available for renters.