
Cheap 2 Bedroom Apartments for Rent in the University Village Neighborhood of Chicago, IL from $1,445 (10 Rentals)


1948 S Desplaines St, Unit 1
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When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

1840 S Ashland Ave, Unit 1R

1838 W 21st Pl
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Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
University Village, Chicago, IL Local Guide

How much does it cost to rent an apartment in University Village?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
University Village Studio Apartments | $2,317 | $800 | $5,799 |
University Village 1 Bedroom Apartments | $2,796 | $1,150 | $9,547 |
University Village 2 Bedroom Apartments | $3,301 | $1,445 | $9,491 |
University Village 3 Bedroom Apartments | $3,169 | $925 | $6,495 |
University Village 4 Bedroom Apartments | $2,600 | $925 | $10,000+ |
Explore Chicago
Getting Around the University Village Neighborhood in Chicago, IL
Walk Score®
87 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
94 / 100
Biker's Paradise
Daily errands can be accomplished on a bike
Transit Score®
69 / 100
Good Transit
Many nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $2,142.
What is the price of a cheap apartment in University Village?
The cheapest apartment in University Village is Bishop Street Lofts which is listed at $1,800, while the average apartment in University Village costs $28,900.
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 26 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 $334 which is $28,566 cheaper than the average rent for all rentals in University Village.
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.

A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago
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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.

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.

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.

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.