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$925 - $2,145Studio to 2 Bedroom Apartments Contact Us For Availability
OC Living
1325 S Washtenaw AveChicago, IL 60608
Cheap Apartments for Rent in the Medical Village Neighborhood of Chicago, IL from $700 (27 Rentals)
Search the lowest-cost Apartments available for rent right now in the Medical Village area of Chicago.
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$1,3001 Bedroom Apartments Available Now
1840-1850 S Fairfield Ave
1840-1850 S Fairfield AveChicago, IL 60608
831 S Western Ave
ChicagoIL60612
1727 W 19th St
ChicagoIL60608
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$1,6502 Bedroom Apartment Available Now
2710 W 18th St, Unit 2710 W 18th GARDEN UNIT
2710 W 18th StChicago, IL 60608
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
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$1,6752 Bedroom Apartment Available Now
2040 W Cullerton St, Unit 2
2040 W Cullerton StChicago, IL 60608
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$1,7001 Bedroom Apartment Available Now
1618 S Washtenaw Ave, Unit 2
1618 S Washtenaw AveChicago, IL 60608
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1332 S Claremont Ave
ChicagoIL60608
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1 to 2 Bedroom Apartments
Roosevelt Place Senior Apartments
1401-1431 W Roosevelt RdChicago, IL 60608
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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
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Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago
Learn about the best things about living in Chicago from a local in the Insiders Guide to Renting in Chicago. Find your perfect Chicago apartment today!
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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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Showing Results 1-27, Page 1 of 1
Medical Village, Chicago, IL Local Guide
How much does it cost to rent an apartment in Medical Village?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Medical Village Studio Apartments | $1,858 | $925 | $2,261 |
| Medical Village 1 Bedroom Apartments | $2,193 | $1,300 | $2,870 |
| Medical Village 2 Bedroom Apartments | $2,447 | $1,109 | $4,440 |
| Medical Village 3 Bedroom Apartments | $2,768 | $1,700 | $4,651 |
| Medical Village 4 Bedroom Apartments | $1,561 | $1,160 | $5,027 |
Browse Apartments in this Neighborhood
There are currently 27 rentals with your search options within a 1 mile radius of the Medical Village Neighborhood of Chicago, IL.
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Medical Village, Chicago, IL Local Guide
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Cheapest Available Medical Village Apartments for Rent
The cheapest available apartment rental in the Medical Village area of Chicago, IL is a 4 Beds unit found at Addams Coliving priced from $1,190. 1840-1850 S Fairfield Ave has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,300. Here are the most affordable Medical Village apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Addams Coliving | Unit 316 | 4BR,3BA | $1,190 |
| 1840-1850 S Fairfield Ave | 1 Beds, 1 Baths | 1BR,1BA | $1,300 |
| The Rosie | B1 | Studio,1BA | $1,755 |
Best Value Apartments for Rent in Medical Village, IL
As of November 17, 2025 the best value apartment in the Medical Village area is the $1.60 price per square foot 2 Bedroom Model at 1042 S Oakley Blvd Apartments in the in the Medical Village neighborhood starting from $3,350. The second greatest value Medical Village apartment is the 1918 W Cermak Rd Model at 1918 W Cermak Rd, Unit 3 starting at $2,350 with a $1.18 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1042 S Oakley Blvd Apartments | 2 Bedroom | 2BR,2BA | $1.60 |
| 1918 W Cermak Rd, Unit 3 | 1918 W Cermak Rd | 3BR,2BA | $1.18 |
| 2341 W 22nd Pl, Unit 3 | 2341 W 22nd Pl | 2BR,2BA | $1.03 |
| 1822 S Throop St, Unit 1F | 1822 S Throop St | 3BR,2.5BA | $1.58 |
| 1822 S Throop St, Unit 2F | 1822 S Throop St | 3BR,2BA | $1.66 |
| 624 S Oakley Blvd, Unit 2 | 624 S Oakley Blvd | 3BR,2BA | $1.29 |
| 1918 W Cermak Rd, Unit 3 | 1918 W Cermak Rd | 3BR,2BA | $1.57 |
| 1427 W Lexington St, Unit 1 st. Floor | 1427 W Lexington St | 3BR,1.5BA | $1.62 |
| 1647 S Throop St, Unit 2nd Rear | 1647 S Throop St | 2BR,2BA | $1.60 |
| 1914 S Leavitt St, Unit 3 | 1914 S Leavitt St | 2BR,1BA | $1.52 |
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
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleA 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
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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Pet Friendly LifestyleMedical Village, Chicago, IL
Ranked #50
Among cities in Illinois for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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 $1,755.
What is the price of a cheap apartment in Medical Village?
The cheapest apartment in Medical Village is 1840-1850 S Fairfield Ave which is listed at $1,300, while the average apartment in Medical Village costs $9,409.
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 50 regular apartments in Medical Village that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago
Written by: Nicole Harms
I’m Nicole, your ApartmentHomeLiving.com Local Expert for Chicago, IL. As a resident of the Chicago area for over 20 years, I’ve learned which neighborhoods are great and which are best avoided.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.