Cheap Apartments for Rent in the Medical Village Neighborhood of Chicago, IL from $700 (69 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 813 S Laflin St

$900

Total Monthly Price

Total Monthly Price

Base Rent
$900

Total Monthly Price
$900

1 Bedroom, 0.5 Bath Townhome for Rent

Available Now

813 S Laflin St

ChicagoIL60607

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.

close
View Me
1836 W 21st St, Unit 1 F
$1,450
Total Monthly Price

Total Monthly Price

Base Rent
$1,450

Total Monthly Price
$1,450
2 Bedroom Apartment Available Now

1836 W 21st St, Unit 1 F

1836 W 21st StChicago, IL 60608
Affordability
  • Smoke Free

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.

close
View Me
1529 W 18th St, Unit 2R
$1,800
Total Monthly Price

Total Monthly Price

Base Rent
$1,800

Total Monthly Price
$1,800
4 Bedroom Apartment Available Now

1529 W 18th St, Unit 2R

1529 W 18th StChicago, IL 60608
Affordability
  • Smoke Free
close
View Me
1016 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 May 1

1016 S Oakley Blvd, Unit #1

1016 S Oakley BlvdChicago, IL 60612
Cost Per Sq.Ft.
  • Smoke Free

Chicago Relocation 101: Mastering Utilities, Registration, and the CTA

Moving to Chicago? This essential relocation guide offers a complete checklist for new residents, covering finding the right neighborhood, setting up utilities (ComEd, People’s Gas), and mastering high-rise moving logistics and vehicle registration.

close
View Me
1914 W 21st Plz, Unit 1
$1,800
Total Monthly Price

Total Monthly Price

Base Rent
$1,800

Total Monthly Price
$1,800
2 Bedroom Apartment Available Jun 1

1914 W 21st Plz, Unit 1

1914 W 21st PlzChicago, IL 60608
Cost Per Sq.Ft.
  • Smoke Free
close
View Me
Harris Point Chicago
1 to 3 Bedroom Apartments

Harris Point Chicago

905 S Claremont AveChicago, IL 60612
Student Housing
  • Utilities Included
close
View Me
1810 S Throop St
1 to 2 Bedroom Apartments

1810 S Throop St

1810 S Throop StChicago, IL 60608
  • Utilities Included

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!

close
View Me
1912 S Throop St
Studio to 2 Bedroom Apartments

1912 S Throop St

1912 S Throop StChicago, IL 60608
Corporate Housing
  • Utilities Included
close
View Me
The Oakley
2 to 3 Bedroom Apartments

The Oakley

1007-1011 S Oakley BlvdChicago, IL 60612
close
View Me
Pilsen Apartments
1 to 3 Bedroom Apartments

Pilsen Apartments

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

1206-1208 W Lexington St

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

Harris Point Chicago

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

2303 W Cullerton St

2303 W Cullerton StChicago, IL 60608
Furnished
  • Utilities Included
close
View Me
1603 S Wood St
1 to 3 Bedroom Apartments

1603 S Wood St

1603 S Wood StChicago, IL 60608

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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 4 Beds unit found at Addams Coliving priced from $1,250. 1249-1251 S Fairfield Ave has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,655. Here are the most affordable Medical Village apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Addams ColivingUnit 2074BR,4BA$1,250
1249-1251 S Fairfield Ave2 Bedroom 1 Bath Apartment2BR,1BA$1,655
The RosieA4Studio,1BA$1,766

Best Value Apartments for Rent in Medical Village, IL

As of April 04, 2026 the best value apartment in the Medical Village area is the $1.36 price per square foot 1822 S Throop St Model at 1822 S Throop St, Unit 2F in the in the University Village neighborhood starting from $2,445. The second greatest value Medical Village apartment is the 1829 S California Ave Model at 1829 S California Ave, Unit 1 starting at $2,500 with a $1.39 price per square foot in the Lawndale 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.
1822 S Throop St, Unit 2F1822 S Throop St3BR,2BA$1.36
1829 S California Ave, Unit 11829 S California Ave4BR,2.5BA$1.39
1427 W Lexington St, Unit 1 st. Floor1427 W Lexington St3BR,1.5BA$1.62
2654 W 21st Pl, Unit second floor2654 W 21st Pl2BR,1BA$1.17
1647 S Throop St, Unit 2nd Rear1647 S Throop St2BR,2BA$1.67
2136 W Cermak Rd, Unit 3rd Floor2136 W Cermak Rd3BR,1BA$1.64
1900 S Throop St, Unit 91900 S Throop St3BR,1BA$1.91
2306 S Oakley Ave, Unit 22306 S Oakley Ave2BR,1BA$1.90
1529 W 18th St, Unit 2R1529 W 18th St4BR,1BA$1.80
1539 W 19th St, Unit 1R1539 W 19th St1BR,1BA$1.89

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

Read Article
Decorative image

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.

Read Article
Decorative image

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 Article
Decorative image

The 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 Article
Decorative image

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.

Read Article
Decorative image

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

Read Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Medical Village, Chicago, IL

Ranked #52

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

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 $1,766.

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

The cheapest apartment in Medical Village is The Rosie which is listed at $2,116, while the average apartment in Medical Village costs $14,231.

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 70 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 $1,118 which is $13,113 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

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

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.

decorative image for Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago article

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.

decorative image for Best Neighborhoods to Rent in Near Chicago's Top Employers article

Best Neighborhoods to Rent in Near Chicago's Top Employers

Written by: Nicole Harms

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.

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

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

Written by: Nicole Harms

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

Articles, How-To's, and Tips

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.