Updated 4 Hours Ago
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5240 S Drexel Ave #1W, Chicago, IL 60615, USA|Hyde Park
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Policies and fees
Applicants
Applicants
One-time.
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REQUIRED FEES
Security Deposit
One-time. Refundable.
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Dog Policy
Not allowed
Cat Policy
Not allowed
No pets allowed.
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About 5240 S Drexel Ave #1W
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.Other available apartments to lease near Chicago around the same price include but are not limited to: 511 W Belmont Ave #33, 2652 W 21st Pl, 640 W Wrightwood Ave #115, 4415 W School St #15-1
Address details
| Neighborhood | Hyde Park |
|---|---|
| Zip code | 60615 |
| Type | Apartment for rent |
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Rent trends in Hyde Park
1-bedroom apartments at 5240 S Drexel Ave #1W cost about 9% less than the average rent price for 1-bedroom apartments in Hyde Park.
Median rents as of Aug 22 2026.
Hyde Park
Chicago
| Month | Median Rent |
|---|---|
| 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 | $2,192 |
| August 2026 | $2,188 |
| Month | Median Rent |
|---|---|
| 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 | $1,871 |
| August 2026 | $1,758 |
Affordability calculator
Can I afford to live at 5240 S Drexel Ave #1W?
Bedrooms
1 bedroomRent-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
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
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
Hyde Park Express, Cottage Grove
Ellis / 53rd Street
U. of Chicago / Kenwood
Cottage Grove / 52nd Street
Cottage Grove, Hyde Park Express
Cottage Grove / 52nd Street
Hyde Park Express, Cottage Grove
51st/53rd St. (Hyde Park)
Metra Electric
55th - 56th - 57th St.
Metra Electric
57th St.
South Shore Line, South Shore Line
47th St. (Kenwood)
Metra Electric
59th St. (U. of Chicago)
Metra Electric
51st
Green Line, Green Line
Garfield
Green Line, Green Line
47th
Green Line, Green Line
East 63rd-Cottage Grove
Green Line, Green Line
Garfield
Red Line, Red Line
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