Monthly Rent Report
Hyde Park Rent Report — May 2024
Asking rents in ZIP 60615, Chicago, from 2,296 listings.
Median 1BR rent in Hyde Park was $1,625 in May 2024, up 8.3% (+$125) from April 2024 and up 13.2% year-over-year. The middle half of 1BR listings asked between $1,375 and $2,099. That puts Hyde Park $123 above the Chicago citywide 1BR median of $1,503. The month's figures are based on 2,296 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $985 | −$140 (-12.4%) | −$190 (-16.2%) | $985 – $985 | 2 |
| Studio | $1,090 | −$35 (-3.1%) | −$85 (-7.2%) | $975 – $1,290 | 390 |
| 1BR | $1,625 | +$125 (+8.3%) | +$190 (+13.2%) | $1,375 – $2,099 | 765 |
| 1BR | $1,650 | +$150 (+10.0%) | +$215 (+15.0%) | $1,650 – $1,650 | 1 |
| 2BR | $2,100 | +$155 (+8.0%) | +$200 (+10.5%) | $1,830 – $2,485 | 642 |
| 2BR | $1,795 | −$150 (-7.7%) | −$105 (-5.5%) | $1,795 – $1,795 | 1 |
| 3BR | $1,800 | −$145 (-7.5%) | −$450 (-20.0%) | $1,800 – $1,800 | 1 |
| 3BR | $2,545 | +$600 (+30.8%) | +$295 (+13.1%) | $2,100 – $2,935 | 351 |
| 4BR | $2,500 | +$805 (+47.5%) | −$1,000 (-28.6%) | $2,270 – $2,750 | 15 |
| 4BR | $3,300 | +$1,605 (+94.7%) | −$200 (-5.7%) | $2,543 – $3,645 | 102 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
Hyde Park vs. Chicago — May 2024
| Bedrooms | Hyde Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $985 | $1,196 | −$211 (-17.6%) |
| Studio | $1,090 | $1,196 | −$106 (-8.9%) |
| 1BR | $1,625 | $1,503 | +$123 (+8.2%) |
| 1BR | $1,650 | $1,503 | +$148 (+9.8%) |
| 2BR | $2,100 | $1,825 | +$275 (+15.1%) |
| 2BR | $1,795 | $1,825 | −$30 (-1.6%) |
| 3BR | $1,800 | $2,236 | −$436 (-19.5%) |
| 3BR | $2,545 | $2,236 | +$309 (+13.8%) |
| 4BR | $2,500 | $2,725 | −$225 (-8.3%) |
| 4BR | $3,300 | $2,725 | +$575 (+21.1%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2024.