Cheap Homes for Rent in the Medical Village Neighborhood of Chicago, IL from $1,500 (28 Rentals)

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Search the lowest-cost Homes 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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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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Showing Results 1-28, Page 1 of 1

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

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

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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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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.

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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 Medical Village

What type of rentals are currently available in Medical Village?

There are currently 481 Apartments for Rent in Medical Village, IL with pricing that ranges from $925 to $4,873. There are also 90 Single Family Homes for rent, Condos, and Townhome rentals currently available in Medical Village ranging from $1,500 to $6,000.

What is the current price range for Rental Homes in Medical Village?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Medical Village ranges from $1,500 to $6,000 with an average monthly rent of $2,735.

How much are larger Three and Four Bedroom Rentals in Medical Village?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Medical Village range from $1,750 to $3,800, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,600 to $4,500. Four Bedroom Single-Family rentals are also available starting from $1,950 and Four Bedroom Apartments start at $2,280.

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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