Overview
Algonquin Apartments is located in Chicago’s Hyde Park neighborhood, at 60615, close to the Lake Michigan shoreline. The property offers studio, one-bedroom, two-bedroom and apartment-style units with monthly rents ranging from USD 1,415 to USD 2,320 (indicative — confirm with the operator). A deposit of USD 650 is required. The building accepts dual occupancy and provides bike storage, laundry facilities and parking. The minimum lease term is three months.
Chicago’s student-housing market includes around 95 properties, with the lowest listed monthly price in the city at USD 600. Algonquin Apartments sits above that entry point, reflecting its location and unit sizes. The residence is within reach of the University of Chicago, the University of Illinois Chicago (UIC) and the Illinois Institute of Technology.
Who This Residence Suits
Tenants who value location and lake views
Reviews mention the neighborhood and the view of the lake as positives. If being close to the water and in a well‑known Chicago area matters, this building delivers that.
Students or professionals who need a short‑term lease
With a minimum lease of just three months, the property accommodates flexible stays — useful for summer internships, semester‑abroad programmes or anyone who does not want a full‑year commitment.
People who want parking and bike storage
On‑site parking and bike storage are listed as available. In a city where street parking can be limited, having a reserved spot adds convenience.
Dual‑occupancy renters
The property explicitly allows two people per unit. That makes it easier to share costs with a roommate in a one‑bedroom or two‑bedroom layout.
Tenants who rely on in‑unit or building laundry
Although reviews complain about washer‑dryer reliability, the building does have laundry facilities — a must for many renters who do not want to travel to a laundromat.
Who Should Look Elsewhere
Anyone who prioritises building security
One review states that security (or the lack of it) and property theft are “absolutely huge issues.” The same reviewer mentions that a vehicle was stolen from a parking space and that the office could not provide camera footage. Security‑conscious renters may want to explore alternatives.
Tenants who expect working elevators and well‑maintained common areas
Multiple reviews highlight broken elevators, expired inspection stickers, dirty common areas and lights missing for over a week. If reliable vertical transport is important (e.g., for higher floors or mobility needs), this building may cause frustration.
Residents who want consistent laundry equipment
A two‑year resident says the washers and dryers are “constantly breaking.” If laundry reliability is a deal‑breaker, look for properties with newer machines or central laundry services.
Budget‑conscious renters
The starting rent of USD 1,415 is more than double Chicago’s city‑wide minimum of USD 600. Although unit size and location explain the gap, those on a tight budget will find cheaper options elsewhere.
People who want a property with strong resident‑satisfaction scores
The Google rating is 2.7 out of 5 (from 48 reviews), while the operator‑collected ratings show 4.3 in most categories except amenities (3.5). The discrepancy suggests that formal satisfaction surveys may not match the day‑to‑day experience reported online. Prospective tenants should weigh both.
What Residents Actually Say
Below are verbatim excerpts from Google reviews (spelling and punctuation preserved):
“Only good thing about living here is the neighborhood and view of the lake. Other than that… RUN. I’ve been here for two years and made the horrible mistake of renewing my lease for another year. The washer and dryers are constantly breaking. The common areas are consistently dirty, elevators are always breaking, packa” — Brittani J, rating 1
“no complaints about the units themselves, other than the occasional urine puddle in the elevator, but security (lack thereof) and property theft are absolutely huge issues. our vehicle was stolen out of our parking space last night and when we asked the office to review camera footage, we were informed that there are n” — Jay Starrett, rating 1
“This building is dangerous. The elevator hasn’t had lights for over a week, and the last inspection was in April 2024 meaning it has been expired for nearly a year. I have attached pictures of the elevator to show just how unsafe this is. Based on reviews from previous tenants, these issues are not unique; they have b” — Collin Collin, rating 1
All three reviews date from the time of writing and reflect recurring themes: elevator problems, security concerns, theft, dirty common areas and broken laundry. No positive resident reviews are available in the dataset. The operator‑collected ratings (staff, social, cleaning, internet, location all 4.3) differ sharply from these user reports. Readers should interpret the gap with caution.
Price Positioning and Room-Type Guidance
- Studio units: typically the most affordable option within the property. Exact prices per room type are not provided, but the overall range (USD 1,415–2,320 monthly) indicates that studios likely start near the lower end.
- One‑bedroom units: fall in the mid‑range. A one‑bedroom with dual occupancy would split the rent, making it more cost‑effective per person.
- Two‑bedroom apartments: sit at the top of the price band. If you plan to share with a roommate, the per‑person cost may still be below USD 1,200 – competitive with some other Chicago properties, though you would assume the building’s maintenance risks.
- General apartment units: the listing includes “apartment” as a separate type, which may refer to larger layouts or extended leases.
Compared to Chicago’s overall student‑housing from‑price of USD 600, Algonquin Apartments is positioned well above entry‑level. For the same price, you could find a newer building or one with stronger reviews in a different neighborhood. However, Hyde Park itself tends to command higher rents due to its proximity to the lake and the University of Chicago. The premium may be justified for those who deliberately choose that area.
Booking Timing Considerations
The dataset does not include an “available from” date, so units may be available year‑round. Given the minimum lease of three months, you can move in at most points during the academic calendar.
- Lease start: since the property accepts short‑term rentals, you are not limited to the traditional August‑August cycle. Semester starts (September, January, May) are natural times, but off‑cycle arrivals are possible.
- Demand: Hyde Park housing near the University of Chicago tends to fill several weeks before fall semester. If you plan to arrive in August, begin your search by March or April to have more options. For a winter or spring start, lead time of four to six weeks should be sufficient.
- Room‑type availability: studios and one‑bedrooms are generally more limited than two‑bedrooms. If you want a studio, book earlier.
Because tenant reviews highlight ongoing maintenance issues, consider asking the operator directly about the current status of elevators, laundry and security cameras before signing a lease. A short tour or a video call could help you verify conditions.
Frequently Asked Questions
Is parking available at Algonquin Apartments?
Yes. The property is listed with “Parking Available” as a tag. However, one review mentions that a vehicle was stolen from a parking space and that there were no operational cameras. Confirm with the operator whether the parking is assigned, covered and monitored.
What is the minimum lease term?
The minimum lease is three months. This makes the property suitable for short stays, but you may also negotiate a longer lease for a different rate.
How much is the security deposit?
The deposit is USD 650 (indicative — confirm with the operator). This is a flat amount regardless of unit type. Some properties require first month’s rent plus deposit; check the payment schedule during application.
Sources & data date
Data sourced from the property listing on the platform, Google reviews and internal ratings. Information current as of July 2026.
For live availability and current pricing, use the on-site assistant on this page — it can check unit types, move‑in dates and any special offers directly with the operator.
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