Cheap 1 Bedroom Apartments for Rent in the University Village Neighborhood of Chicago, IL from $900 (35 Rentals)

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2014 S Ashland Ave
$900 - $1,200
Total Monthly Price

Total Monthly Price

Base Rent
$900 - $1,200

Total Monthly Price
$900 - $1,200
1 Bedroom Apartment Available Now

2014 S Ashland Ave

2014 S Ashland AveChicago, IL 60608
Affordability
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Genius Ideas and Studio Layout Tips That Maximize Every Square Inch

Transform your studio apartment layout and maximize storage. Get proven ideas from a 20-year property expert to make any small space stylish and functional.

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1503 W 19th St
$1,700
Total Monthly Price

Total Monthly Price

Base Rent
$1,500 - $1,700

Total Monthly Price
$1,500 - $1,700
1 Bedroom Apartment Available Jul 31

1503 W 19th St

1503 W 19th StChicago, IL 60608
Affordability
property at 816 W 18th St

$1,920

Total Monthly Price

Total Monthly Price

Base Rent
$1,920

Total Monthly Price
$1,920

1 Bedroom, 1 Bath Condo for Rent

Available Jul 6

816 W 18th St, Unit 4M

816 W 18th St
ChicagoIL60608
property at 765 W 15th St

$2,150

Total Monthly Price

Total Monthly Price

Base Rent
$2,150

Total Monthly Price
$2,150

1 Bedroom, 1 Bath Condo for Rent

Available Aug 1

765 W 15th St, Unit 209

765 W 15th St
ChicagoIL60607

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Create a productive work-from-home apartment setup, even in a small space or studio. Discover layout ideas, desk solutions, and organization tips that actually work.

property at 1820 S Bishop St

$2,195

Total Monthly Price

Total Monthly Price

Base Rent
$2,195

Total Monthly Price
$2,195

1 Bedroom, 1 Bath Condo for Rent

Available Sep 1

1820 S Bishop St, Unit 309

1820 S Bishop St
ChicagoIL60608
property at 36 S Ashland Ave

$2,200

Total Monthly Price

Total Monthly Price

Base Rent
$2,200

Total Monthly Price
$2,200

1 Bedroom, 1 Bath Condo for Rent

Available Jul 1

36 S Ashland Ave, Unit 303

36 S Ashland Ave
ChicagoIL60607
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1810 S Throop St
1 Bedroom Apartments

1810 S Throop St

1810 S Throop StChicago, IL 60608
  • Utilities Included
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1912 S Throop St
1 Bedroom Apartments

1912 S Throop St

1912 S Throop StChicago, IL 60608
Corporate Housing
  • Utilities Included

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.

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Harris Point Chicago
1 Bedroom Apartments

Harris Point Chicago

1404 W Taylor StChicago, IL 60607
Student Housing
  • Utilities Included
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1603 S Wood St
1 Bedroom Apartments

1603 S Wood St

1603 S Wood StChicago, IL 60608
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Lexington 90
1 Bedroom Apartments

Lexington 90

1409 W Lexington StChicago, IL 60607

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.

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1621 S Carpenter St
1 Bedroom Apartments

1621 S Carpenter St

1621 S Carpenter StChicago, IL 60608
  • Utilities Included
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Harris Point Chicago
1 Bedroom Apartments

Harris Point Chicago

846 S Loomis StChicago, IL 60607
Student Housing
  • Utilities Included

University Village, Chicago, IL Local Guide

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.

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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

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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

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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
University Village, Chicago, IL

Ranked #40

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap University Village Apartments

What is a cheap apartment in University Village?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in University Village is under $2,225.

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

The cheapest apartment in University Village is Roosevelt Square which is listed at $2,000, while the average apartment in University Village costs $3,795.

What types of apartments are the cheapest in University 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 16 regular apartments in University 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 University Village?

Cheap apartments in University Village have an average cost of $927 which is $2,868 cheaper than the average rent for all rentals in University 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

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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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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.

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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.

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

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

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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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.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

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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.

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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.

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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.