Cheap Homes for Rent in University Village Little Italy Neighborhood of Chicago, IL from $2,300 (9 Rentals)

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Search the lowest-cost Homes available for rent right now in the University Village Little Italy area of Chicago.

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University Village Little Italy, Chicago, IL Local Guide

Cheapest Available University Village Little Italy Apartments for Rent

 

The cheapest available apartment rental in the University Village Little Italy area of Chicago, IL is a 4 Beds unit found at Post Chicago Apartments priced from $1,179. Shoreham and Tides has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,131. Here are the most affordable University Village Little Italy apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Post Chicago Apartments4 Bed 3 Bath4BR,3BA$1,179
Shoreham and TidesCONVERTIBLE 03 - TIDES1BR,1BA$2,131
MilieuS05Studio,1BA$2,372

Best Value Apartments for Rent in University Village Little Italy, IL

As of June 18, 2025 the best value apartment in the University Village Little Italy area is the $2.61 price per square foot 5bd 3 Ba Model at 1120 W Polk St in the in the University Village neighborhood starting from $6,000. The second greatest value University Village Little Italy apartment is the 3 Bed 2 Bath Model at Post Chicago Apartments starting at $1,249 with a $1.19 price per square foot in the Parc Chesnut neighborhood. Here is today’s list of the best values for University Village Little Italy apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1120 W Polk St5bd 3 Ba5BR,3BA$2.61
Post Chicago Apartments3 Bed 2 Bath3BR,2BA$1.19
The Van BurenA131BR,1BA$3.26
The Residences at NewCityOne Bedroom D+1BR,1BA$4.40
1270 S Blue Island Ave, Unit 11270 S Blue Island Ave1BR,1BA$4.16
MilieuA061BR,1BA$4.57
The RosieC111BR,1BA$4.22
Sentral Michigan AvenueS5Studio ,1BA$4.22
MILASAStudio ,1BA$4.47
Shoreham and TidesSTUDIO 06 - THE SHOREHAMStudio ,1BA$4.65

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Frequently Asked Questions about University Village Little Italy

What type of rentals are currently available in University Village Little Italy?

There are currently 65 Apartments for Rent in University Village Little Italy, IL with pricing that ranges from $800 to $23,941. There are also 24 Single Family Homes for rent, Condos, and Townhome rentals currently available in University Village Little Italy ranging from $2,300 to $3,900.

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 $2,300 to $3,900 with an average monthly rent of $2,792.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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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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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.