Monthly Rent Report
Hyde Park Rent Report — May 2023
Asking rents in ZIP 60615, Chicago, from 1,221 listings.
Median 1BR rent in Hyde Park was $1,435 in May 2023, down 10.8% (−$173) from April 2023 and up 11.5% year-over-year. The middle half of 1BR listings asked between $1,435 and $1,435. That puts Hyde Park $35 above the Chicago citywide 1BR median of $1,400. The month's figures are based on 1,221 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $950 | −$109 (-10.3%) | −$75 (-7.3%) | $950 – $950 | 1 |
| Studio | $1,175 | +$116 (+11.0%) | +$150 (+14.6%) | $1,008 – $1,396 | 160 |
| 1BR | $1,435 | −$173 (-10.8%) | +$148 (+11.5%) | $1,435 – $1,435 | 1 |
| 1BR | $1,590 | −$18 (-1.1%) | +$303 (+23.5%) | $1,350 – $1,800 | 288 |
| 2BR | $1,798 | −$102 (-5.4%) | +$98 (+5.7%) | $1,699 – $1,896 | 2 |
| 2BR | $1,900 | $0 (0.0%) | +$200 (+11.8%) | $1,750 – $2,200 | 369 |
| 3BR | $2,250 | −$200 (-8.2%) | +$50 (+2.3%) | $2,250 – $2,250 | 1 |
| 3BR | $2,400 | −$50 (-2.0%) | +$200 (+9.1%) | $2,025 – $2,785 | 285 |
| 4BR | $3,500 | +$500 (+16.7%) | +$200 (+6.1%) | $3,500 – $3,500 | 1 |
| 4BR | $3,200 | +$200 (+6.7%) | −$100 (-3.0%) | $2,750 – $3,500 | 87 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
Hyde Park vs. Chicago — May 2023
| Bedrooms | Hyde Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $950 | $1,200 | −$250 (-20.8%) |
| Studio | $1,175 | $1,200 | −$25 (-2.1%) |
| 1BR | $1,435 | $1,400 | +$35 (+2.5%) |
| 1BR | $1,590 | $1,400 | +$190 (+13.6%) |
| 2BR | $1,798 | $1,698 | +$100 (+5.9%) |
| 2BR | $1,900 | $1,698 | +$203 (+11.9%) |
| 3BR | $2,250 | $2,300 | −$50 (-2.2%) |
| 3BR | $2,400 | $2,300 | +$100 (+4.3%) |
| 4BR | $3,500 | $2,548 | +$953 (+37.4%) |
| 4BR | $3,200 | $2,548 | +$653 (+25.6%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2023.