Cheap Apartments for Rent in the Medical Village Neighborhood of Chicago, IL from $700 (89 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Medical Village area of Chicago.

property at 821 S Western Ave

$1,700

Total Monthly Price

Total Monthly Price

Base Rent
$1,700
Total Monthly Price
$1,700

2 Bedroom, 2 Bath Condo for Rent

Available Sep 7

821 S Western Ave, Unit 2

821 S Western Ave
ChicagoIL60612

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746 S Oakley Blvd, Unit 1
$1,800
Total Monthly Price

Total Monthly Price

Base Rent
$1,800
Total Monthly Price
$1,800
2 Bedroom Apartment Available Now

746 S Oakley Blvd, Unit 1

746 S Oakley BlvdChicago, IL 60612
Cost Per Sq.Ft.
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property at 2031 W 23rd St

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800
Total Monthly Price
$1,800

2 Bedroom, 1 Bath Condo for Rent

Available Now

2031 W 23rd St, Unit 2

2031 W 23rd St
ChicagoIL60608
property at 1901 W 21st Pl

$1,850

Total Monthly Price

Total Monthly Price

Base Rent
$1,850
Total Monthly Price
$1,850

2 Bedroom, 1 Bath Condo for Rent

Available Oct 1

1901 W 21st Pl, Unit 2r

1901 W 21st Pl
ChicagoIL60608

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2446 W Taylor St, Unit G
$2,050
Total Monthly Price

Total Monthly Price

Base Rent
$2,050
Total Monthly Price
$2,050
2 Bedroom Apartment Available Now

2446 W Taylor St, Unit G

2446 W Taylor StChicago, IL 60612
Affordability
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618 S Racine Ave
Studio to 2 Bedroom Apartments

618 S Racine Ave

618 S Racine AveChicago, IL 60607
Student Housing
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1810 S Throop St
1 to 2 Bedroom Apartments

1810 S Throop St

1810 S Throop StChicago, IL 60608
  • Utilities Included
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2751-57 W. 22nd Pl
Studio to 2 Bedroom Apartments

2751-57 W. 22nd Pl

2751 W 22nd PlChicago, IL 60608

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The Oakley
2 to 3 Bedroom Apartments

The Oakley

1007-1011 S Oakley BlvdChicago, IL 60612
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1912 S Throop St
Studio to 2 Bedroom Apartments

1912 S Throop St

1912 S Throop StChicago, IL 60608
Corporate Housing
  • Utilities Included
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Pilsen Apartments
1 to 3 Bedroom Apartments

Pilsen Apartments

2302 W 19th StChicago, IL 60608
  • Utilities Included
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1206-1208 W Lexington St
2 to 3 Bedroom Apartments

1206-1208 W Lexington St

1206-1208 W Lexington StChicago, IL 60607
  • Utilities Included
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Harris Point Chicago
Studio to 4 Bedroom Apartments

Harris Point Chicago

1404 W Taylor StChicago, IL 60607
Student Housing
  • Utilities Included
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2303 W Cullerton St
3 Bedroom Apartments

2303 W Cullerton St

2303 W Cullerton StChicago, IL 60608
Furnished
  • Utilities Included

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Medical Village, Chicago, IL Local Guide

Cheapest Available Medical Village Apartments for Rent

 

The cheapest available apartment rental in the Medical Village area of Chicago, IL is a Studio unit found at 618 S Racine Ave priced from $850. 1631 S. California Ave has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,500. Here are the most affordable Medical Village apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
618 S Racine Ave0 Beds, 1 BathsStudio,1BA$850
1631 S. California Ave2BR/1.0BA2BR,1BA$1,500
1322 W 18th Pl1 Beds, 1 Baths1BR,1BA$1,550
6 Units in Pilsen - Beautifully Rehabbed2 Beds, 1 Baths2BR,1BA$1,595
2751-57 W. 22nd Pl2BR/1.0BA2BR,1BA$1,650
2353 W 18th Pl2 Beds, 1 Baths2BR,1BA$1,750
The RosieA4Studio,1BA$1,782

Best Value Apartments for Rent in Medical Village, IL

As of August 18, 2026 the best value apartment in the Medical Village area is the $1.50 price per square foot 1638 W 18th Pl Model at 1638 W 18th Pl, Unit 2R in the in the University Village neighborhood starting from $3,600. The second greatest value Medical Village apartment is the 2040 W 19th St Model at 2040 W 19th St, Unit 2 starting at $2,600 with a $1.30 price per square foot in the University Village neighborhood. Here is today’s list of the best values for Medical Village apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1638 W 18th Pl, Unit 2R1638 W 18th Pl4BR,2BA$1.50
2040 W 19th St, Unit 22040 W 19th St3BR,1BA$1.30
2438 W Flournoy St, Unit 22438 W Flournoy St3BR,1.5BA$1.33
915 S Loomis St, Unit 2915 S Loomis St5BR,2BA$1.94
2440 W Lexington St, Unit 12440 W Lexington St4BR,2BA$1.43
1402 W Flournoy St, Unit Anupama Sri Kota1402 W Flournoy St2BR,1BA$0.63
1427 W Lexington St, Unit 1 st. Floor1427 W Lexington St3BR,1.5BA$1.50
Harris Point ChicagoApt G2BR,1.5BA$1.76
746 S Oakley Blvd, Unit 1746 S Oakley Blvd2BR,1BA$1.50
2133 S Fairfield Ave, Unit CH2133 S Fairfield Ave2BR,1BA$1.56

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Best Neighborhoods to Rent in Near Chicago's Top Employers: A Guide for Renters

A Local Expert's Guide to The 10 Best Chicago Neighborhoods near Major Local Employers. Find your perfect Chicago, IL apartment, condo, or rental home today at ApartmentHomeLiving.com

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A Local Expert's Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago

A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Chicago, IL metro area for affordable living. Find your perfect Chicago Student apartment, condo, or rental home today at ApartmentHomeliving.com

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Pet Friendly Lifestyle
Medical Village, Chicago, IL

Ranked #60

Among cities in Illinois for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Medical Village, Chicago, IL

School data provided by Great Schools

Frequently Asked Questions about Cheap Medical Village Apartments

What is a cheap apartment in Medical Village?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Medical Village is under $1,782.

What is the price of a cheap apartment in Medical Village?

The cheapest apartment in Medical Village is 1322 W 18th Pl which is listed at $1,550, while the average apartment in Medical Village costs $2,408.

What types of apartments are the cheapest in Medical Village?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 18 regular apartments in Medical Village that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Medical Village?

Cheap apartments in Medical Village have an average cost of $997 which is $1,411 cheaper than the average rent for all rentals in Medical Village.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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