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Location

5240 S Drexel Ave #1W, Chicago, IL 60615, USA|Hyde Park

Tour 5240 S Drexel Ave #1W

Contact

Kristen Dill

Our team has verified this company

Fulton Grace Realty

(844) 334-2914 ext. 8552

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Dog Policy

Not allowed

Cat Policy

Not allowed

No pets allowed.

Questions about this property’s policies and fees?

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About 5240 S Drexel Ave #1W

HomeApartments in ChicagoHyde Park 5240 S Drexel Ave #1W, Chicago, IL 60615, USA
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Sweet deal!
This listing is 16% below the median price for 1 bedroom apartments in Hyde Park.

5240 S Drexel Ave #1W cost $1,595 per month. Located at 5240 S Drexel Ave #1W, Chicago, IL 60615, USA, this unit has 1 bedroom and 1 bathroom. Based on the average rent price of 1 bedroom in Chicago, renting this apartment is 27% cheaper per month.


Address details

NeighborhoodHyde Park
Zip code60615
TypeApartment for rent

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Rent trends in Hyde Park

1-bedroom apartments at 5240 S Drexel Ave #1W cost about 16% less than the average rent price for 1-bedroom apartments in Hyde Park.

Median rents as of Jul 4 2026.
Hyde Park
Chicago
A table of 1-bedroom apartment rental data trends in Chicago
MonthMedian Rent
July 2024$2,345
August 2024$2,210
September 2024$2,235
October 2024$2,200
November 2024$2,118
December 2024$1,961
January 2025$1,932
February 2025$1,991
March 2025$2,036
April 2025$2,050
May 2025$2,040
June 2025$2,012
July 2025$2,172
August 2025$2,064
September 2025$1,986
October 2025$1,940
November 2025$1,952
December 2025$1,950
January 2026$1,997
February 2026$2,041
March 2026$2,232
April 2026$2,219
May 2026$2,257
June 2026$2,198
July 2026$2,195
A table of 1-bedroom apartment rental data trends in Hyde Park
MonthMedian Rent
July 2024$1,571
August 2024$1,482
September 2024$1,494
October 2024$1,431
November 2024$1,505
December 2024$1,618
January 2025$1,710
February 2025$1,655
March 2025$1,672
April 2025$1,746
May 2025$1,748
June 2025$1,700
July 2025$1,620
August 2025$1,724
September 2025$1,733
October 2025$1,892
November 2025$1,762
December 2025$1,724
January 2026$1,762
February 2026$1,766
March 2026$1,737
April 2026$1,813
May 2026$1,935
June 2026$1,913
July 2026$1,900

Affordability calculator

Can I afford to live at 5240 S Drexel Ave #1W?

Bedrooms

1 bedroom

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

$63,800/yr

With your selected rent-to-income ratio, you'd ideally want to make $63,800 annually to afford this 1-bedroom monthly rent price of $1,595.
For more information on rent affordability, visit our rent calculator.

Schools near 5240 S Drexel Ave #1W

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 5240 S Drexel Ave #1W

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 #1W

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 #1W, 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 #1W

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

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