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$1,2001 Bedroom Apartments Available Now
1916 S Fairfield Ave, Unit 2
1916 S Fairfield AveChicago, IL 60608
Cheap Homes for Rent in Medical Village Neighborhood of Chicago, IL from $1,500 (24 Rentals)
Search the lowest-cost Homes available for rent right now in the Medical Village area of Chicago.
1503 W 19th St, Unit 3R
1503 W 19th St
ChicagoIL60608
1503 W 19th St, Unit 3R
1503 W 19th St
ChicagoIL60608
2355 W Harrison St
ChicagoIL60612
2744 W 23rd St
ChicagoIL60608
1700 W Cermak Rd, Unit BR
1700 W Cermak Rd
ChicagoIL60608
2346 W 19th St
ChicagoIL60608
7338 S Campbell Ave
ChicagoIL60629
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.
2652 W 21st Pl, Unit 1F
2652 W 21st Pl
ChicagoIL60608
2652 W 21st Pl, Unit 3
2652 W 21st Pl
ChicagoIL60608
1503 W 19th St, Unit 4R
1503 W 19th St
ChicagoIL60608
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$1,8002 Bedroom Apartments Available Now
1929 W 21st Pl, Unit B
1929 W 21st PlChicago, IL 60608
2031 W 23rd St, Unit 2
2031 W 23rd St
ChicagoIL60608
2342 W 18th Pl
ChicagoIL60608
1511 S Laflin St
ChicagoIL60608
2447 W Grenshaw St, Unit #2W
2447 W Grenshaw St
ChicagoIL60612
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.
2644 W 22nd Pl, Unit 2
2644 W 22nd Pl
ChicagoIL60608
2641 W Harrison St, Unit 3R
2641 W Harrison St
ChicagoIL60612
2713 W 16th St, Unit 4
2713 W 16th St
ChicagoIL60608
1200 W Gladys Ave
ChicagoIL60607
2046 W 19th St
ChicagoIL60608
921 S Bishop St
ChicagoIL60607
1619 S Loomis St, Unit 1F
1619 S Loomis St
ChicagoIL60608
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$2,1002 Bedroom Apartments Available Now
2006 S Throop St, Unit 1R
2006 S Throop StChicago, IL 60608
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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Medical Village, Chicago, IL Local Guide
How much does it cost to rent a home in Medical Village?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Medical Village 2 Bedroom Homes for Rent | $2,823 | $1,600 | $5,103 |
| Medical Village 3 Bedroom Homes for Rent | $2,734 | $1,600 | $4,200 |
| Medical Village 4 Bedroom Homes for Rent | $4,083 | $2,700 | $6,000 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 24 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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 1840-1850 S Fairfield Ave | 1 Beds, 1 Baths | 1BR,1BA | $1,300 |
| The Rosie | A6 | Studio,1BA | $1,834 |
| 1644 W 21st St | 2 Beds, 1 Baths | 2BR,1BA | $1,899 |
Best Value Apartments for Rent in Medical Village, IL
As of July 04, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 917 S Loomis St, Unit 1 | 917 S Loomis St | 5BR,2BA | $1.94 |
| 2440 W Lexington St, Unit 1 | 2440 W Lexington St | 4BR,2BA | $1.43 |
| 2644 W 22nd Pl, Unit #2 | 2644 W 22nd Pl | 3BR,1BA | $1.36 |
| 2442 W Fillmore St, Unit 3 | 2442 W Fillmore St | 3BR,2BA | $1.65 |
| 1427 W Lexington St, Unit 1 st. Floor | 1427 W Lexington St | 3BR,1.5BA | $1.62 |
| 2637 W 21st Pl, Unit 2637 W 21st Place-Basement | 2637 W 21st Pl | 3BR,1BA | $1.38 |
| 1336 S Washtenaw Ave, Unit 2 | 1336 S Washtenaw Ave | 3BR,1BA | $1.67 |
| 2314 S Hoyne Ave, Unit 2314 S. Hoyne Ave | 2314 S Hoyne Ave | 3BR,1BA | $1.73 |
| 915 S Loomis St | 915 S Loomis St | 2BR,1BA | $1.83 |
| 1840-1850 S Fairfield Ave | 1 Beds, 1 Baths | 1BR,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.
Read Article
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 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 ArticleReal 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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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 #85
Among cities in Illinois for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Medical Village, Chicago, IL
Chicago World Language Academy
City Of Chicago School District 299
Public School - Grades K-8 (449)
7 out of 10
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 469 Apartments for Rent in Medical Village, IL with pricing that ranges from $900 to $5,325. There are also 97 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 $2,742.
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 $1,650 to $5,101, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,600 to $4,200. Four Bedroom Single-Family rentals are also available starting from $2,700 and Four Bedroom Apartments start at $2,200.
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
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.
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.
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.
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
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
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.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
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.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
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.
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.