5+ Days Ago
Location
5240 S Drexel Ave, Chicago, IL 60615, USA|Hyde Park
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Property Overview
Hyde Park Apts. achieves a solid Zumper Expert Rating of 8 out of 10, reflecting a strong overall appeal for renters. The property features excellent amenities and location ratings, both at 9 out of 10, offering convenience and an impressive standard of living. Additionally, with heat included and a notable proximity to a top-rated elementary school, along with pet-friendly resources nearby, it provides significant value and transparency for potential residents.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Elementary school nearby- Images Available
Great for
Pet owners
Floor plans
| 2BR/1.0BA | 2 bed | 1 bath | $1,500 /mo | 1 unit available | Hyde Park is 7 miles from downtown Chicago on the city's South Side along Lake Michigan. It is without a doubt one of the cultural hubs of our city with the University of Chicago's gothic columns at one end to the west, the Museum of Science of Industry's grand building to the east and many other people and places of note in between. Some even call it the "culture coast." The "Culture Coast" also includes Court Theater, Hyde Park Art Center, Little Black Pearl, Hyde Park Historical Society, Blackstone Library, the Civic Knowledge project and Hyde Park Jazz Society. A favorite spot for visitors and locals alike is the Hyde Park Art Center. It's a hub for teens, resident artists, Bridgeport coffee patrons and art lovers. Heat included! Sorry, no dogs. Credit and income requirements apply: minimum 650 credit score and income verification greater than or equal to 3 times the rent. Pictures may be of a similar unit in the same building. All lease incentives (rent concessions and/or rent credits) advertised are based on the advertised market rate of the unit. Actual credits will be the per diem value of the advertised amount as a percentage of the actual rent paid by the tenant. Disclaimer: Pricing, availability, services, amenities and specials are subject to change at any time without notice. Information above is believed to be accurate; however, it is subject to errors and omissions. Photos may be of model unit. Actual available apartments may vary. |
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Amenities for Hyde Park Apts!
Apartment Amenities
| Heat Included | Water |
Appliances
| Range | Refrigerator |
| Stove/Range |
Building
| Cats OK |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Dog Policy
Not allowed
Cat Policy
Allowed
Limit1
Questions about this property’s policies and fees?
Building details
Property details
| Units | 45 |
|---|
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About Hyde Park Apts!
Hyde Park is 7 miles from downtown Chicago on the city's South Side along Lake Michigan. It is without a doubt one of the cultural hubs of our city with the University of Chicago's gothic columns at one end to the west, the Museum of Science of Industry's grand building to the east and many other people and places of note in between. Some even call it the "culture coast." The "Culture Coast" also includes Court Theater, Hyde Park Art Center, Little Black Pearl, Hyde Park Historical Society, Blackstone Library, the Civic Knowledge project and Hyde Park Jazz Society. A favorite spot for visitors and locals alike is the Hyde Park Art Center. It's a hub for teens, resident artists, Bridgeport coffee patrons and art lovers. Heat included! Sorry, no dogs. Credit and income requirements apply: minimum 650 credit score and income verification greater than or equal to 3 times the rent. Pictures may be of a similar unit in the same building. All lease incentives (rent concessions and/or rent credits) advertised are based on the advertised market rate of the unit. Actual credits will be the per diem value of the advertised amount as a percentage of the actual rent paid by the tenant. Disclaimer: Pricing, availability, services, amenities and specials are subject to change at any time without notice. Information above is believed to be accurate; however, it is subject to errors and omissions. Photos may be of model unit. Actual available apartments may vary.
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.0
/10
Very GoodWith a solid 8 out of 10 overall, Hyde Park Apts! is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Hyde Park Apts! has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.
Price·8A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Scoring a 8/10, Hyde Park Apts! is a great option for renters looking for apartments in Hyde Park. The rent is significantly lower than the median rent for the area, therefore this property is competitively priced for its location and its features. Residents here will find a home that meets their needs with few trade-offs.
Amenities·9A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
Hyde Park Apts! goes above and beyond to provide sought-after conveniences and desirable perks, including cats allowed. Renters looking for popular or luxurious features will find them here—and for that reason, Hyde Park Apts! receives one of the highest amenities scores.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Hyde Park Apts! is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While Hyde Park Apts! does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.
Hyde Park Apts! is great for:
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How Hyde Park Apts! compares to other nearby properties.
Positives
- Elementary school nearby
- There is an elementary school 0.1 mile away
- Images Available
- There are at least 10 photos of this address
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Rent trends in Hyde Park
2-bedroom apartments at Hyde Park Apts! cost about 32% less than the average rent price for 2-bedroom apartments in Hyde Park.
Median rents as of Jan 31 2026.
Hyde Park
Chicago
| Month | Median Rent |
|---|---|
| February 2024 | $1,627 |
| March 2024 | $1,926 |
| April 2024 | $1,745 |
| May 2024 | $1,751 |
| June 2024 | $1,764 |
| July 2024 | $1,931 |
| August 2024 | $1,691 |
| September 2024 | $1,682 |
| October 2024 | $1,630 |
| November 2024 | $1,568 |
| December 2024 | $1,501 |
| January 2025 | $1,483 |
| February 2025 | $1,495 |
| March 2025 | $1,520 |
| April 2025 | $1,512 |
| May 2025 | $1,502 |
| June 2025 | $1,531 |
| July 2025 | $1,580 |
| August 2025 | $1,516 |
| September 2025 | $1,473 |
| October 2025 | $1,495 |
| November 2025 | $1,520 |
| December 2025 | $1,495 |
| January 2026 | $1,496 |
| Month | Median Rent |
|---|---|
| February 2024 | $1,050 |
| March 2024 | $1,051 |
| April 2024 | $1,051 |
| May 2024 | $1,050 |
| June 2024 | $1,066 |
| July 2024 | $1,110 |
| August 2024 | $1,102 |
| September 2024 | $1,108 |
| October 2024 | $1,078 |
| November 2024 | $1,081 |
| December 2024 | $1,085 |
| January 2025 | $1,094 |
| February 2025 | $1,091 |
| March 2025 | $1,142 |
| April 2025 | $1,150 |
| May 2025 | $1,170 |
| June 2025 | $1,144 |
| July 2025 | $1,137 |
| August 2025 | $1,142 |
| September 2025 | $1,150 |
| October 2025 | $1,161 |
| November 2025 | $1,155 |
| December 2025 | $1,150 |
| January 2026 | $1,150 |
Affordability calculator
Can I afford to live at 5240 S Drexel Ave?
Bedrooms
2 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$60,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $60,000 annually to afford this 2-bedrooms monthly rent price of $1,500.
For more information on rent affordability, visit our rent calculator.
Schools near Hyde Park Apts!
Kozminski Community Academy
936 e 54th st
chicago, IL, 60615
PK, K-8Public
C
Ariel Elementary Community Academy
1119 e 46th st
chicago, IL, 60653
PK, K-8Public
C-
Woodlawn Elementary Community School
6657 s kimbark ave
chicago, IL, 60637
PK, K-6Public
C
South Shore Fine Arts Elementary School
1415 e 70th st
chicago, IL, 60637
PK, K-8Public
C
Christopher Elementary School
5042 s artesian ave
chicago, IL, 60632
K-8Public
C
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Internet available near Hyde Park Apts!
Neighborhood
Hyde Park | Chicago, IL
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Chicago near 5240 S Drexel Ave
Walking
8/10
No car? No problem. Everything you need is within a few blocks.
Driving
5/10
This area is accessible to thoroughfares and has ample parking options.
Cycling
9/10
Helmets on–you can get anywhere in this cyclist-friendly, well-connected area.
Transit
7/10
Popular public transit options are just a short walk from this location.
Points of interest for 5240 S Drexel Ave, Chicago
Groceries
8/10
At least one supermarket within a 10-minute walk
Shopping
6/10
Several shops within walking distance
Cafes
4/10
Some cafés within a few minutes’ walk
Restaurants
6/10
Some restaurants within a few minutes’ walk
Primary schools
10/10
At least one elementary school within a 5-minute walk
High schools
7/10
At least one high school within a 15-minute walk
Parks
10/10
Exceptionally large amount of park space within a few minutes’ walk
Nightlife
3/10
Some bars within walking distance
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