Cheap Apartments for Rent in the Medical Village Neighborhood of Chicago, IL from $700 (75 Rentals)

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

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2014 S Ashland Ave
$900 - $1,200
Total Monthly Price

Total Monthly Price

Base Rent
$900 - $1,200
Total Monthly Price
$900 - $1,200
1 Bedroom Apartment Available Now

2014 S Ashland Ave

2014 S Ashland AveChicago, IL 60608
Affordability
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property at 1503 W 19th St

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500
Total Monthly Price
$1,500

Studio, 1 Bath Condo for Rent

Available Now

1503 W 19th St, Unit 3R

1503 W 19th St
ChicagoIL60608
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1503 W 19th St
$1,500 - $1,700
Total Monthly Price

Total Monthly Price

Base Rent
$1,500 - $1,700
Total Monthly Price
$1,500 - $1,700
Studio to 1 Bedroom Apartment Available Jul 31

1503 W 19th St

1503 W 19th StChicago, IL 60608
Affordability
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1651 W 19th St, Unit 3F
$1,540
Total Monthly Price

Total Monthly Price

Base Rent
$1,540
Total Monthly Price
$1,540
2 Bedroom Apartment Available Aug 11

1651 W 19th St, Unit 3F

1651 W 19th StChicago, IL 60608
Affordability
  • Smoke Free

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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

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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property at 2248 W 21st St

$1,850 - $1,900

2 Bedroom Rentals

Available Sep 1

2248 W 21st St

ChicagoIL60608
property at 2447 W Grenshaw St

$1,950

Total Monthly Price

Total Monthly Price

Base Rent
$1,950
Total Monthly Price
$1,950

3 Bedroom, 2 Bath Condo for Rent

Available Now

2447 W Grenshaw St, Unit #2W

2447 W Grenshaw St
ChicagoIL60612

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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1045 S Oakley Blvd, Unit 1
$2,000
Total Monthly Price

Total Monthly Price

Base Rent
$2,000
Total Monthly Price
$2,000
3 Bedroom Apartment Available Aug 1

1045 S Oakley Blvd, Unit 1

1045 S Oakley BlvdChicago, IL 60612
Affordability
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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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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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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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The Oakley
2 to 3 Bedroom Apartments

The Oakley

1007-1011 S Oakley BlvdChicago, IL 60612
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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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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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 1 Bed unit found at 1840-1850 S Fairfield Ave priced from $1,300. The Rosie has the second lowest priced unit, which is a Studio apartment currently listed from $1,834. Here are the most affordable Medical Village apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
1840-1850 S Fairfield Ave1 Beds, 1 Baths1BR,1BA$1,300
The RosieA6Studio,1BA$1,834
1644 W 21st St2 Beds, 1 Baths2BR,1BA$1,899

Best Value Apartments for Rent in Medical Village, IL

As of July 03, 2026 the best value apartment in the Medical Village area is the $1.94 price per square foot 917 S Loomis St Model at 917 S Loomis St, Unit 1 in the in the University Village neighborhood starting from $3,500. The second greatest value Medical Village apartment is the 2440 W Lexington St Model at 2440 W Lexington St, Unit 1 starting at $2,280 with a $1.43 price per square foot in the Near West Side 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.
917 S Loomis St, Unit 1917 S Loomis St5BR,2BA$1.94
2440 W Lexington St, Unit 12440 W Lexington St4BR,2BA$1.43
2644 W 22nd Pl, Unit #22644 W 22nd Pl3BR,1BA$1.36
2442 W Fillmore St, Unit 32442 W Fillmore St3BR,2BA$1.65
1427 W Lexington St, Unit 1 st. Floor1427 W Lexington St3BR,1.5BA$1.62
2637 W 21st Pl, Unit 2637 W 21st Place-Basement2637 W 21st Pl3BR,1BA$1.38
1336 S Washtenaw Ave, Unit 21336 S Washtenaw Ave3BR,1BA$1.67
2314 S Hoyne Ave, Unit 2314 S. Hoyne Ave2314 S Hoyne Ave3BR,1BA$1.73
915 S Loomis St915 S Loomis St2BR,1BA$1.83
1840-1850 S Fairfield Ave1 Beds, 1 Baths1BR,1BA$1.91

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 #77

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 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 $3,999.

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 9 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 $1,004 which is $2,995 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.

Helpful Local Expert Guides

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A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago

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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.

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Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago

Written by: Nicole Harms

With world-class museums lining its streets, Chicago is a place people go to learn. It’s not surprising, therefore, that it’s also home to multiple colleges and universities with national and global reputations.

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Best Neighborhoods to Rent in Near Chicago's Top Employers

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Whenever life takes me into the city, I’m always impressed with the sheer amount of industry and commerce that it holds. With all of that commerce comes a wide range of employment options.

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Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago

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From Lake Shore Drive to the O’Hare Airport, the city of Chicago is a study in diversity, resilience, and culture.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

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There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

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Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.