University of Chicago

Chicago, IL

University of Chicago - Chicago, IL Area Guide

UChicago’s stately campus forms the crown jewel of the Hyde Park neighborhood

Private Urban Walkable Public Transportation Lakefront Parks Nature Subway Historic

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.

Rent Trends

As of April 2026, the average apartment rent in Chicago, IL is $1,632 for a studio, $2,029 for one bedroom, $2,545 for two bedrooms, and $3,057 for three bedrooms. Apartment rent in Chicago has increased by 2.7% in the past year.

  • Studio

  • 439 sq ft

    Average Sq Ft

  • $1,632/month

    Average Rent

  • 1 BR

  • 658 sq ft

    Average Sq Ft

  • $2,029/month

    Average Rent

  • 2 BR

  • 916 sq ft

    Average Sq Ft

  • $2,545/month

    Average Rent

  • 3 BR

  • 1,190 sq ft

    Average Sq Ft

  • $3,057/month

    Average Rent

Getting Around

Very Walkable

Walkability

80 / 100

Strong Public Transit

Transit

80 / 100

Moderately Drivable

Drivability

60 / 100

Very Bikeable

Bikeability

80 / 100

Daily Essentials

Supermarket Within a 10 Minute Walk

Groceries

80 / 100

Good Restaurant Variety Nearby

Restaurants

60 / 100

Good Café Variety Nearby

Cafes

60 / 100

Good Variety of Shops Nearby

Shopping

60 / 100

Recreation

Exceptional Amount of Park Space Nearby

Parks

100 / 100

Great Wellness Amenity Variety Nearby

Wellness

80 / 100

Local Vibe

Vibrant Atmosphere at Times

Vibrancy

40 / 100

Limited Nightlife Variety Nearby

Nightlife

30 / 100

Somewhat Noisy

Quiet Score

80 / 100

Schools

Mount Greenwood Elementary School

Public

Grades K-8

1,172 Students

Skinner Elementary School

Public

Grades PK-8

976 Students

Bell Elementary School

Public

Grades K-8

886 Students

Hawthorne Elementary Scholastic Academy

Public

Grades K-8

604 Students

Alcott College Prep

Public

Grades PK-8

601 Students

Mount Greenwood Elementary School

Public

Grades K-8

1,172 Students

Skinner Elementary School

Public

Grades PK-8

976 Students

Bell Elementary School

Public

Grades K-8

886 Students

Hawthorne Elementary Scholastic Academy

Public

Grades K-8

604 Students

Alcott College Prep

Public

Grades PK-8

601 Students

Northside College Preparatory High School

Public

Grades 9-12

1,040 Students

Hancock College Preparatory High School

Public

Grades 9-12

1,013 Students

Devry Advantage Academy High School

Public

Grades 9-12

135 Students

Jones College Prep High School

Public

Grades 9-12

1,941 Students

Von Steuben Metro Science High School

Public

Grades 9-12

1,656 Students

Points of Interest

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Property Management Companies

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Methodology

† 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 February 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.