Updated 5+ Days Ago
Location
5240 S Drexel Ave, Chicago, IL 60615, USA|Hyde Park
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Property Overview
Hyde Park Apts offers strong overall value, with an 8.6/10 Zumper Expert Rating, top marks for price, and high scores for amenities and location. It also includes heat, has 12 photos, and is noted for nearby pet services and a close elementary school, making it a well-rounded option with solid transparency and convenience.
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- Less expensive
- Central heat
Great for
Pet owners
Floor plans
| 1BR/1.0BA | 1 bed | 1 bath | $1,495–$1,595 /mo | 2 units available | In the heart of Hyde Park/Bronzeville! Available September 1st, this beautifully updated 1 bedroom, 1 bathroom apartment blends spacious Southeast Chicago living with vibrant neighborhood character. Step inside to find an airy, open floor plan with soaring ceilings and sleek finishes—perfect for entertaining or relaxing. Hardwood-style floors flow throughout, complemented by a fully equipped kitchen featuring a dishwasher and plenty of counter space. In‑unit or on‑site laundry (if applicable) adds everyday convenience. Enjoy easy access to: Top transit & commute routes: CTA buses, the Metra Electric line, and South Shore Line deliver a quick ride to the Loop, South Loop, and the lakefront. Thriving retail & dining districts: Explore eclectic shops, 53rd–57th Street restaurants, bookstores, cafes, farmers markets, and more right outside your door Cultural hotspots & green space: Stroll to the Hyde Park Art Center, Blackstone Library, Bronzeville Cultural Center, and the scenic lakefront and parks . Key highlights include: 1 bedroom, 1 full bath Spacious layout with high ceilings & hardwood-style floors Fully equipped kitchen with dishwasher In-unit or on-site laundry Pet-friendly and street or garage parking options (if applicable) Minutes to University of Chicago, museums, shopping, and parks Whether you're enjoying brunch and art festivals or commuting downtown for work or study, this Hyde Park/Bronzeville gem puts it all within reach. Reach out today to schedule a viewing—this one won’t last long! Lease Incentives: All advertised lease incentives (rent concessions and/or rent credits) are based on the unit's market rate. Actual credits will be the per diem value of the advertised amount as a percentage of the actual rent paid. Managed by 606 Realty. Pricing, availability, services, amenities, and specials are subject to change without notice. Information may contain errors or omissions. Photos may show a model unit; actual apartment may vary. | ||
| 2BR/1.0BA | 2 bed | 1 bath | $1,600–$1,695 /mo | 3 units available | Unit Features: Large bedrooms Expansive living room Hardwood floors throughout Decorative fireplace Big windows and large closets Central heat Coin-operated laundry in building Street parking available Gated entry and on-site maintenance 2nd-floor location (Please note: this building does not have an elevator) Why Hyde Park? Immerse yourself in Hyde Park’s vibrant cultural scene, surrounded by diverse dining options, theaters, parks, libraries, museums, and an art center. Enjoy easy access to the Metra, nearby bus stops, and be minutes from downtown, Bronzeville, and the lake. Application & Move-In Details: Application fee: $80.00 per applicant Move-in fee: $800 No security deposit required Lease Incentives: All advertised lease incentives (rent concessions and/or rent credits) are based on the unit's market rate. Actual credits will be the per diem value of the advertised amount as a percentage of the rent paid. Managed by 606 Realty. Pricing, availability, services, amenities, and specials are subject to change without notice. Information may contain errors or omissions. Photos may show a model unit; actual apartment may vary. |
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Amenities for Hyde Park Apts!
Apartment Amenities
| Central Heat | Heat Included |
| Heating | Water |
Appliances
| Fridge | Gas Range |
| Microwave | Range |
| Refrigerator |
Building
| Cats OK | Sewer |
Grounds
| Scavenger |
Services
| Landscaping | Snow Removal |
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.
8.6
/10
Very GoodWith a solid 8.6 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 Price— so you can be assured your rent will come with a high standard of living.
Price·10A 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.
Hyde Park Apts! offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
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 miles away
- Less expensive
- The 2-bedrooms are cheaper than other similar listings nearby
- Central heat
- Climate controlled environment
- Images Available
- There are at least 10 photos of this property
Considerations
- No laundry facilities available
- This property doesn't offer on-site washers and dryers
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Rent trends in Hyde Park
1-bedroom apartments here are priced 6% lower than 1-bedrooms in Hyde Park.
If you decide to upgrade your space, you can expect 2-bedrooms at Hyde Park Apts! to be 24% less than the average for similarly sized apartments in Hyde Park.
Median rents as of Oct 10 2026.
Hyde Park
Chicago
| Month | Median Rent |
|---|---|
| October 2024 | $1,590 |
| 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 |
| February 2026 | $1,516 |
| March 2026 | $1,657 |
| April 2026 | $1,637 |
| May 2026 | $1,684 |
| June 2026 | $1,691 |
| July 2026 | $1,658 |
| August 2026 | $1,650 |
| September 2026 | $1,650 |
| October 2026 | $1,700 |
| Month | Median Rent |
|---|---|
| October 2024 | $1,072 |
| 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 |
| February 2026 | $1,150 |
| March 2026 | $1,177 |
| April 2026 | $1,259 |
| May 2026 | $1,308 |
| June 2026 | $1,239 |
| July 2026 | $1,235 |
| August 2026 | $1,241 |
| September 2026 | $1,224 |
| October 2026 | $1,196 |
Affordability calculator
Can I afford to live at 5240 S Drexel Ave?
Bedrooms
Rent-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
$59,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $59,800 annually to afford this 1-bedroom monthly rent price of $1,495.
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
Bronzeville Classical Elementary School
8 w root st
chicago, IL, 60609
K-6Public
A-
South Shore Fine Arts Elementary School
1415 e 70th st
chicago, IL, 60637
PK, K-8Public
C
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Internet available near Hyde Park Apts!
Neighborhood
Hyde Park | Chicago, IL
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
8/10
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
9/10
Wide variety of groceries within a few minutes' walk
Shopping
7/10
Wide variety of shops within a short drive, including some within walking distance
Cafes
7/10
Wide variety of cafés within a short drive, including some within walking distance
Restaurants
8/10
Wide variety of restaurants within a short drive, including some within walking distance
Primary schools
10/10
At least one elementary school within a 5-minute walk
High schools
8/10
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
5/10
Variety of bars within a short drive
Explore the area around 5240 S Drexel Ave
Valley of Jordan
1009 E 53rd St
Zaleski & Horvath MarketCafe
1323 E 57th St
Red Apple
315 E 51st St
Trader Joe's
1528 E 55th St
Sugars Plus Inc
525 E 47th St
Kayra Imports
1001 E 53rd St
Black Sheep Society LLC
1028 E Hyde Park Blvd
Target
1346 E 53rd St
Edmonds
4800 S Ellis Ave
Frock Shop
1368 1/2 E 53rd St
Starbucks
1346 E 53rd St
The University of Chicago Bookstore & Cafe
970 E 58th St
Dunkin'
1418 E 53rd St
Philz Coffee
1425 E 53rd St
Starbucks
5757 S University Ave
Seven Ten Lanes
1055 E 55th St
Leona's Pizzeria & Restaurant
1236 E 53rd St
The Park Supper Club
65 E Garfield Blvd
Juke Joynt
515 E 47th St
The Pub
1225 E 59 St
Future Fruit LLC
5128 S Kimbark Ave
Windy City Baker
5482 S Ridgewood Ct
Carver 47 Food & Wellness Market
1050 E 47th St
Bonne Sante Health Foods
1512 E 53rd St
Struggle Beard Bakery
5221 S Harper Ct
Recreation Ground
Playground
Bessie Coleman Park
Drexel Square
Florence Stout Park
Sharks
5048 S Cottage Grove Ave
Sharks Fish & Chicken
5048 S Cottage Grove Ave
Jimmy's Famous Burgers Jimmy's
5042 S Cottage Grove Ave
Subway
5040 S Cottage Grove Ave
Roux Diner
1055 E 55th St
Cottage Grove / 53rd Street
Cottage Grove, Hyde Park Express
Cottage Grove / 53rd Street
Cottage Grove, Hyde Park Express
Ellis / 53rd Street
U. of Chicago / Kenwood
Cottage Grove / 52nd Street
Cottage Grove, Hyde Park Express
Cottage Grove / 52nd Street
Cottage Grove, Hyde Park Express
51st / 53rd St. (Hyde Park)
Metra Electric
57th St. (Hyde Park)
Lakeshore Corridor, Monon Corridor
55th / 56th / 57th St.
Metra Electric
47th St. (Kenwood)
Metra Electric
59th St. (U. of Chicago)
Metra Electric
51st
Green Line
Garfield (Green)
Green Line
47th (Green)
Green Line
Cottage Grove
Green Line
Garfield (Red)
Red Line
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