Solstice on the Park
1616 E 56th St,
Chicago, IL 60637
$2,745 - $9,019 | 1-3 Beds
Consistently recognized as one of the top universities in the nation, the University of Chicago enjoys a reputation for prestige and superior educational opportunities, and serves as a cultural and intellectual hub for one of America’s signature cities. In addition to the university’s tremendous academic and research capabilities, the campus is home to some of Chicago’s finest arts venues, including the Smart Museum of Art, the Renaissance Society, the Court Theatre, and the Oriental Institute Museum.
The campus is surrounded on three sides by lush green spaces, with the stunning Washington Park and Jackson Park connected by the Midway Plaisance. Rail service connects the campus to the broader city, making it a breeze to explore the Windy City at your leisure. While Chicago’s lakefront is not known for cheap rent, the area near UChicago is full of surprisingly affordable apartments and condos, with those in the Hyde Park and Woodlawn neighborhoods providing the closest access to the university.
As of August 2025, the average apartment rent in Chicago, IL is $1,585 for a studio, $1,963 for one bedroom, $2,499 for two bedrooms, and $3,002 for three bedrooms. Apartment rent in Chicago has increased by 5.1% in the past year.
Studio
441 sq ft
Average Sq Ft
$1,585/month
Average Rent
1 BR
659 sq ft
Average Sq Ft
$1,963/month
Average Rent
2 BR
916 sq ft
Average Sq Ft
$2,499/month
Average Rent
3 BR
1,175 sq ft
Average Sq Ft
$3,002/month
Average Rent
Very Walkable
out of 100 WalkScore® Rating
If you enjoy walking, you’ll enjoy renting in this area! It’s a very walkable neighborhood.
Good Transit
out of 100 TransitScore® Rating
The area around this property has good transit with many nearby transportation options.
Very Bikeable
out of 100 BikeScore® Rating
This area is very bikeable. You’ll find a variety of bike paths and lanes.
Mount Greenwood Elementary School
Public
Grades K-8
1,172 Students
Public
Grades K-8
886 Students
Hawthorne Elementary Scholastic Academy
Public
Grades K-8
604 Students
Public
Grades K-8
404 Students
Decatur Classical Elementary School
Public
Grades K-8
323 Students
Mount Greenwood Elementary School
Public
Grades K-8
1,172 Students
Public
Grades K-8
886 Students
Hawthorne Elementary Scholastic Academy
Public
Grades K-8
604 Students
Public
Grades K-8
404 Students
Decatur Classical Elementary School
Public
Grades K-8
323 Students
Hancock College Preparatory High School
Public
Grades 9-12
1,013 Students
Devry Advantage Academy High School
Public
Grades 11-12
135 Students
Von Steuben Metro Science High School
Public
Grades 9-12
1,656 Students
Northside College Preparatory High School
Public
Grades 9-12
1,040 Students
Phoenix Military Academy High School
Public
Grades 9-12
463 Students
3,275
Communities
912,492
Units
848
Cities
698
Communities
189,404
Units
327
Cities
666
Communities
129,548
Units
261
Cities
611
Communities
104,157
Units
216
Cities
609
Communities
163,636
Units
242
Cities
531
Communities
122,500
Units
273
Cities
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2025.