1407 S Halsted St
ChicagoIL60607
Cheap Homes for Rent in the University Village Little Italy Neighborhood of Chicago, IL from $1,300 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the University Village Little Italy area of Chicago.
1515 S Halsted St
ChicagoIL60607
1001 W 15th St, Unit 316
1001 W 15th St
ChicagoIL60608
The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago
Chicago may cost more than the national average, but with the right neighborhood, a smart transit strategy, and a few local insider tips, living well in the Windy City is more achievable than you might think. Our local expert breaks down everything from rent and groceries to transportation and healthcare so you can plan your move with confidence.
1071 W 15th St
ChicagoIL60608
1515 S Halsted St, Unit 214
1515 S Halsted St
ChicagoIL60607
1111 W 15th St
ChicagoIL60608
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
Showing Results 1-6, Page 1 of 1
University Village Little Italy, Chicago, IL Local Guide
How much does it cost to rent a home in University Village Little Italy?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| University Village Little Italy 2 Bedroom Homes for Rent | $3,449 | $2,600 | $5,700 |
| University Village Little Italy 3 Bedroom Homes for Rent | $3,619 | $3,200 | $4,300 |
| University Village Little Italy 4 Bedroom Homes for Rent | $3,133 | $2,800 | $3,300 |
| University Village Little Italy 5 Bedroom Homes for Rent | $6,395 | $6,395 | $6,395 |
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 6 rentals with your search options within a 2 mile radius of the University Village Little Italy Neighborhood of Chicago, IL.
Explore Chicago
Let everyone know!
Do you know the University Village Little Italy area?
If you’re an expert on all things University Village Little Italy, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Cheapest Available University Village Little Italy Apartments for Rent
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 618 S Racine Ave | 0 Beds, 1 Baths | Studio,1BA | $850 |
| The Rosie | B1 - 60% AMI ARO | Studio,1BA | $1,227 |
Best Value Apartments for Rent in University Village Little Italy, IL
As of August 29, 2026 the best value apartment in the University Village Little Italy area is the $5.20 price per square foot 1073 W Polk St Model at 1073 W Polk St, Unit 3 in the in the University Village neighborhood starting from $5,200. The second greatest value University Village Little Italy apartment is the B1 Model at The Rosie starting at $2,267 with a $4.45 price per square foot in the University Village neighborhood. Here is today’s list of the best values for University Village Little Italy apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1073 W Polk St, Unit 3 | 1073 W Polk St | 4BR,2BA | $5.20 |
| The Rosie | B1 | Studio ,1BA | $4.45 |
Frequently Asked Questions about University Village Little Italy
What type of rentals are currently available in University Village Little Italy?
There are currently 47 Apartments for Rent in University Village Little Italy, IL with pricing that ranges from $1,227 to $5,200. There are also 22 Single Family Homes for rent, Condos, and Townhome rentals currently available in University Village Little Italy ranging from $1,300 to $6,395.
What is the current price range for Rental Homes in University Village Little Italy?
Today's rental pricing for Homes for Rent, Condos and Townhomes in University Village Little Italy ranges from $1,300 to $6,395 with an average monthly rent of $3,213.
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
The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago
Written by: Nicole Harms
When choosing a place to live, there are many things you must consider. Your employer, your shopping preferences, and even schools are all important to think about. Yet cost of living is also important to know and plan for.
Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible
Written by: Nicole Harms
I’m Nicole, you’re ApartmentHomeLiving.com Local Expert for Chicago. There’s no denying I love the Windy City. Yet there’s also no denying that rental homes in Chicago can be pricy, small, and hard to find.
Chicago Relocation 101: Mastering Utilities, Registration, and the CTA
Written by: Nicole Harms
Moving to a new city is always an exciting time, especially one as vibrant and diverse as Chicago. With world-class museums, a breathtaking lakefront, and numerous employment opportunities, there’s much to love about this city.
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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
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.