Chicago Rental: Hyde Park Studio With a Modern Twist, $799

Some say the glory days of Chicago's Hyde Park peaked in the 1930s. Before the turn of the century, John D. Rockefeller founded The University of Chicago, and over the years, the South Side neighborhood developed and blossomed as a popular tourist destination, where a hundred-some hotels once stood overlooking Lake Michigan.

In Hyde Park, there's an excess of magnificent old structures that have decayed into tired, drab buildings, but once in a while, you can find a diamond in the rough, like the The Algonquin. Designed by renowned architect, Mies Van der Rohe, this newly-renovated building injects a hip and contemporary feel into the community. Not to mention, this studio with granite counters and ceramic tile bathrooms will only run you $799 per month.