
Cheap 2 Bedroom Apartments for Rent in the University Village Neighborhood of Chicago, IL from $1,400 (28 Rentals)


Total Monthly Price
911 S Carpenter St, Unit 1R

Total Monthly Price
1901 S Allport St, Unit 1C

Total Monthly Price
915 S Loomis St

2008 S Loomis St, Unit 1R

1709 S Racine Ave

1711 S Morgan St
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.

Total Monthly Price
960 W 18th Pl, Unit #1

Total Monthly Price
1943 W 21st Pl, Unit 1R

2100 W Cullerton St

1204 W Lexington St

1912 S Throop St

1206-1208 W Lexington St

1417 W Cullerton St
Renting with Roommates: Realistic Expectations for Shared Lease
Sharing a lease? Learn how to set clear expectations with your roommates on routines, bills, and cleaning to ensure a successful and peaceful shared living arrangement.

2000 S May St

1014 W 19th St

1659 W. 21st St. / 2109 S. Paulina St.

1758 W. 21st Pl. / 2115 S. Wood St.

915 S Aberdeen St

1507 W Taylor St

1449-1453 W Flournoy St
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.

1435 W Lexington St

1917 W 21st St

Harris Point Chicago

Harris Point Chicago

1325 W 18th St

1927 S Racine Ave

Harris Point Chicago
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.
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 | $2,318 | $1,150 | $5,715 |
| University Village 1 Bedroom Apartments | $2,791 | $1,400 | $9,147 |
University Village 2 Bedroom Apartments | $3,528 | $1,400 | $10,000+ |
| University Village 3 Bedroom Apartments | $3,451 | $1,800 | $10,000+ |
| University Village 4 Bedroom Apartments | $2,079 | $1,220 | $10,000+ |
| University Village 5 Bedroom Apartments | $3,450 | $3,400 | $3,500 |
Explore Chicago
University Village, Chicago, IL Local Guide
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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 ArticleBest 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.
Read ArticleQuick 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.
Pet Friendly LifestyleUniversity Village, Chicago, IL
Ranked #44
Among cities in Illinois for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in University Village, Chicago, IL
Smyth J Elementary School
Young Magnet High School
School data provided by Great Schools
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 $1,825.
What is the price of a cheap apartment in University Village?
The cheapest apartment in University Village is 1644 W 21st St which is listed at $1,899, while the average apartment in University Village costs $3,450.
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 21 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 $901 which is $2,549 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

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
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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.
Articles, How-To's, and Tips

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I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
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This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.