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$1,227 - $5,687Studio to 2 Bedroom Apartments Available Now
The Rosie
1461 S Blue Island AveChicago, IL 60608
Cheap Apartments for Rent in the University Village Neighborhood of Chicago, IL from $700 (34 Rentals)
Search the lowest-cost Apartments available for rent right now in the University Village area of Chicago.
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$1,3001 Bedroom Apartment Available Now
1800 W 21st Plz, Unit 1 Floor
1800 W 21st PlzChicago, IL 60608
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$1,6002 Bedroom Apartments Available Mar 1
1933 S May St
1933 S May StChicago, IL 60608
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Rent Specials
$1,612 - $2,663Studio to 1 Bedroom Apartments Available Now
The Duncan
1515 W Monroe StChicago, IL 60607
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$1,6701 Bedroom Apartments Available Feb 16
903 S Ashland Ave
903 S Ashland AveChicago, IL 60607
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$1,6752 Bedroom Apartments Available Apr 1
2008 S Loomis St
2008 S Loomis StChicago, IL 60608
2000 S Ashland Ave
ChicagoIL60608
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$1,800 - $2,2501 to 2 Bedroom Apartments Available Now
Bishop Street Lofts
1822-1834 S Bishop StChicago, IL 60608
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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$1,825 - $3,3003 Bedroom Apartments Available Now
1935 S Canalport Ave
1935 S Canalport AveChicago, IL 60616
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$1,9002 Bedroom Apartments Available Mar 1
2009 W 21st Pl
2009 W 21st PlChicago, IL 60608
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1 to 2 Bedroom Apartments
Roosevelt Place Senior Apartments
1401-1431 W Roosevelt RdChicago, IL 60608
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Studio Apartments
1809 S Carpenter St
1809 S Carpenter StChicago, IL 60608
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1 to 2 Bedroom Apartments
1810 S Throop St
1810 S Throop StChicago, IL 60608
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1 Bedroom Apartments
561 W 18th St
561 W 18th StChicago, IL 60616
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2 to 3 Bedroom Apartments
1204 W Lexington St
1204 W Lexington StChicago, IL 60607
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Studio to 2 Bedroom Apartments
1912 S Throop St
1912 S Throop StChicago, IL 60608
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
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.
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1 to 3 Bedroom Apartments
1417 W Cullerton St
1417 W Cullerton StChicago, IL 60608
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2 to 3 Bedroom Apartments
1206-1208 W Lexington St
1206-1208 W Lexington StChicago, IL 60607
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Studio to 4 Bedroom Apartments
Harris Point Chicago
1404 W Taylor StChicago, IL 60607
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Studio Apartments
768 W. Jackson
766-768 W Jackson BlvdChicago, IL 60661
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Studio to 3 Bedroom Apartments
Illume
111 S Peoria StChicago, IL 60607
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1 to 3 Bedroom Apartments
1603 S Wood St
1603 S Wood StChicago, IL 60608
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3 Bedroom Apartments
1413 W Taylor St
1413 W Taylor StChicago, IL 60607
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1 to 2 Bedroom Apartments
1659 W. 21st St. / 2109 S. Paulina St.
1659 W 21st StChicago, IL 60608
Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago
Learn about the best things about living in Chicago from a local in the Insiders Guide to Renting in Chicago. Find your perfect Chicago apartment today!
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2 to 3 Bedroom Apartments
1758 W. 21st Pl. / 2115 S. Wood St.
1758 W 21st PlChicago, IL 60608
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2 Bedroom Apartments
915 S Aberdeen St
915 S Aberdeen StChicago, IL 60607
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1 to 2 Bedroom Apartments
Lexington 90
1409 W Lexington StChicago, IL 60607
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2 Bedroom Apartments
1507 W Taylor St
1507 W Taylor StChicago, IL 60607
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Studio to 3 Bedroom Apartments
1449-1453 W Flournoy St
1449-1453 W Flournoy StChicago, IL 60607
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1 to 4 Bedroom Apartments
Harris Point Chicago
725 S Loomis StChicago, IL 60607
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2 Bedroom Apartments
1435 W Lexington St
1435 W Lexington StChicago, IL 60607
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1 to 3 Bedroom Apartments
1621 S Carpenter St
1621 S Carpenter StChicago, IL 60608
The Art of the Rental Viewing: What to look for during a property tour
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.
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2 Bedroom Apartments
Harris Point Chicago
910 S Loomis StChicago, IL 60607
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1 to 2 Bedroom Apartments
Harris Point Chicago
909 S Laflin StChicago, IL 60607
Showing Results 1-34, Page 1 of 1
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 | $2,319 | $1,612 | $3,738 |
| University Village 1 Bedroom Apartments | $2,969 | $1,300 | $10,000+ |
| University Village 2 Bedroom Apartments | $3,247 | $1,470 | $7,127 |
| University Village 3 Bedroom Apartments | $2,264 | $1,065 | $5,000 |
| University Village 4 Bedroom Apartments | $1,500 | $1,015 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 34 rentals with your search options within a 1 mile radius of the University Village Neighborhood of Chicago, IL.
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Cheapest Available University Village Apartments for Rent
The cheapest available apartment rental in the University Village area of Chicago, IL is a 4 Beds unit found at Addams Coliving priced from $1,098. 768 W. Jackson has the second lowest priced unit, which is a Studio apartment currently listed from $1,455. Here are the most affordable University Village apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Addams Coliving | Unit 218 | 4BR,4BA | $1,098 |
| 768 W. Jackson | Studio | Studio,1BA | $1,455 |
| The Duncan | M-A2 - 100% AMI ARO | Studio,1BA | $1,700 |
| Bishop Street Lofts | Two Bedroom Loft | 2BR,1BA | $1,800 |
| 1935 S Canalport Ave | Apartment 3 Bedroom | 3BR,2BA | $1,825 |
| The Rosie | A6 | Studio,1BA | $1,853 |
| Scio at the Medical District | Studio A1 | Studio,1BA | $1,933 |
| The Jax | J1 Studio, Terrace | Studio,1BA | $1,995 |
Best Value Apartments for Rent in University Village, IL
As of January 24, 2026 the best value apartment in the University Village area is the $1.18 price per square foot 1901 S May St Model at 1901 S May St, Unit 1 in the in the University Village neighborhood starting from $3,000. The second greatest value University Village apartment is the Apartment 3 Bedroom Model at 1935 S Canalport Ave starting at $1,825 with a $0.93 price per square foot in the South Loop neighborhood. Here is today’s list of the best values for University Village apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1901 S May St, Unit 1 | 1901 S May St | 3BR,2.5BA | $1.18 |
| 1935 S Canalport Ave | Apartment 3 Bedroom | 3BR,2.5BA | $0.93 |
| 229 S Racine Ave, Unit 1 | 229 S Racine Ave | 2BR,2BA | $2.06 |
| 1900 S Throop St, Unit 6 | 1900 S Throop St | 3BR,1BA | $1.40 |
| 821 W Van Buren St, Unit 2 | 821 W Van Buren St | 2BR,1BA | $2.09 |
| 1752 W 18th Pl | 3 Bedrooms | 3BR,2BA | $2.06 |
| 1013 W 19th St, Unit 1 | 1013 W 19th St | 3BR,2BA | $2.32 |
| 2020 S Throop St, Unit 2E | 2020 S Throop St | 2BR,2BA | $2.24 |
| 1918 W Cermak Rd, Unit 3F | 1918 W Cermak Rd | 3BR,2BA | $2.35 |
| Bishop Street Lofts | One Bedroom | 1BR,1BA | $2.11 |
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 $1,995.
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 $1,950, while the average apartment in University Village costs $20,670.
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 175 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 $956 which is $19,714 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
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
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.