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$1,030 - $3,7001 to 3 Bedroom Apartments Available Now
Addams 2.0
1407 W 15th StChicago, IL 60608
Cheap Apartments for Rent in the University Village Neighborhood of Chicago, IL from $767 (127 Rentals)
Search the lowest-cost Apartments available for rent right now in the University Village area of Chicago.
1407 S Halsted St
ChicagoIL60607
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$1,300
Total Monthly Price
Base Rent$1,300
Total Monthly Price$1,300
1417 W 19th St, Unit 3R
1417 W 19th StChicago, IL 60608
1917 S May St
ChicagoIL60608
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$1,595
Total Monthly Price
Base Rent$1,595
Total Monthly Price$1,595
1824 S Canalport Ave, Unit 1
1824 S Canalport AveChicago, IL 60616
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$1,6002 Bedroom Apartments Available Now
1101 W 16th St, Unit 1
1101 W 16th StChicago, IL 60608
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$1,639 - $2,889Studio Apartments Available Now
The Rosie
1461 S Blue Island AveChicago, IL 60608
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$1,650
Total Monthly Price
Base Rent$1,650
Total Monthly Price$1,650
1918 S Shelby Ct, Unit 2R
1918 S Shelby CtChicago, IL 60608
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$1,700 - $3,400Studio to 3 Bedroom Apartments Available Oct 15
Roosevelt Square
1346 W Taylor StChicago, IL 60607
1931 S Peoria St
ChicagoIL60608
The Windy City Price Tag: Your Complete Guide to the Cost of Living in Chicago
Chicago may cost more than the national average, but with the right neighborhood, a smart transit strategy, and a few local insider tips, living well in the Windy City is more achievable than you might think. Our local expert breaks down everything from rent and groceries to transportation and healthcare so you can plan your move with confidence.
1856 W 18th St
ChicagoIL60608
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$1,850
Total Monthly Price
Base Rent$1,850
Total Monthly Price$1,850
1001 W 16th St, Unit 1R
1001 W 16th StChicago, IL 60608
1001 W 16th St, Unit 1R
1001 W 16th St
ChicagoIL60608
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$1,885
Total Monthly Price
Base Rent$1,885
Total Monthly Price$1,885
1900 S May St, Unit 1F
1900 S May StChicago, IL 60608
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$1,900
Total Monthly Price
Base Rent$1,900
Total Monthly Price$1,900
1035 W Van Buren St, Unit SI FL11-ID751
1035 W Van Buren StChicago, IL 60607
130 S Canal St
ChicagoIL60606
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$1,949 - $2,599Studio to 1 Bedroom Apartments Available Now
The Duncan
1515 W Monroe StChicago, IL 60607
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$1,950
Total Monthly Price
Base Rent$1,950
Total Monthly Price$1,950
1427 W Lexington St, Unit 1 st. 2 nd Floor
1427 W Lexington StChicago, IL 60607
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$1,950
Total Monthly Price
Base Rent$1,950
Total Monthly Price$1,950
1035 W Van Buren St, Unit SI FL14-ID396
1035 W Van Buren StChicago, IL 60607
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$1,975
Total Monthly Price
Base Rent$1,975
Total Monthly Price$1,975
1905 W 19th St, Unit 1
1905 W 19th StChicago, IL 60608
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
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$1,995
Total Monthly Price
Base Rent$1,995
Total Monthly Price$1,995
1702 W 19th St, Unit 3
1702 W 19th StChicago, IL 60608
1854 W 18th St, Unit 1R
1854 W 18th St
ChicagoIL60608
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$2,0002 Bedroom Apartments Available Now
1829 S Carpenter St
1829 S Carpenter StChicago, IL 60608
1130 W Van Buren St
ChicagoIL60607
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$2,030
Total Monthly Price
Base Rent$2,030
Total Monthly Price$2,030
901 S Ashland Ave, Unit SI FL10-ID1385
901 S Ashland AveChicago, IL 60607
100 S Aberdeen St
ChicagoIL60607
1201 W Van Buren St
ChicagoIL60607
1059 W Van Buren St
ChicagoIL60607
1946 W Ogden Ave
ChicagoIL60612
1848 S Blue Island Ave
ChicagoIL60608
Best Places to Live Near Chicago: 5 Cities That Keep the Windy City Accessible
Looking for a rental near Chicago? These five cities offer excellent options! From small-town charm to excellent business options, you can't go wrong!
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$2,108 - $4,367Studio to 2 Bedroom Apartments Available Now
Scio at the Medical District
901 S Ashland AveChicago, IL 60607
1138 W Van Buren St
ChicagoIL60607
1964 W Ogden Ave
ChicagoIL60612
500 S Clinton St, Unit 745
500 S Clinton St
ChicagoIL60607
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$2,150
Total Monthly Price
Base Rent$2,150
Total Monthly Price$2,150
601 W Jackson Blvd, Unit SI FL9-ID1341
601 W Jackson BlvdChicago, IL 60661
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$2,150 - $4,090Studio to 2 Bedroom Apartments Available Now
The Avra West Loop
1125 W Van Buren StChicago, IL 60607
1201 W Adams St
ChicagoIL60607
800 W Adams St, Unit 1909
800 W Adams St
ChicagoIL60607
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$2,190
Total Monthly Price
Base Rent$2,190
Total Monthly Price$2,190
601 W Jackson Blvd, Unit SI FL8-ID1307
601 W Jackson BlvdChicago, IL 60661
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$2,195
Total Monthly Price
Base Rent$2,195
Total Monthly Price$2,195
1820 S Bishop St, Unit 2
1820 S Bishop StChicago, IL 60608
Chicago Relocation 101: Mastering Utilities, Registration, and the CTA
Moving to Chicago? This essential relocation guide offers a complete checklist for new residents, covering finding the right neighborhood, setting up utilities (ComEd, People’s Gas), and mastering high-rise moving logistics and vehicle registration.
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$2,195 - $2,4001 Bedroom Apartments Available Oct 15
Bishop Street Lofts
1822-1834 S Bishop StChicago, IL 60608
1822 S Bishop St, Unit 309
1822 S Bishop St
ChicagoIL60608
1822 S Bishop St, Unit 309
1822 S Bishop St
ChicagoIL60608
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$2,202 - $3,523Studio to 2 Bedroom Apartments Available Now
CADENCE APARTMENTS
2050 W Ogden AveChicago, IL 60612
1134 W Van Buren St
ChicagoIL60607
1143 W Van Buren St
ChicagoIL60607
1137 W Van Buren St
ChicagoIL60607
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$2,220
Total Monthly Price
Base Rent$2,220
Total Monthly Price$2,220
165 N Desplaines St, Unit SI FL5-ID1180
165 N Desplaines StChicago, IL 60661
1103 W Van Buren St
ChicagoIL60607
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$2,240
Total Monthly Price
Base Rent$2,240
Total Monthly Price$2,240
601 W Jackson Blvd, Unit SI FL10-ID1309
601 W Jackson BlvdChicago, IL 60661
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
Showing Results 1-50, Page 1 of 3
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 | $2,336 | $1,656 | $5,374 |
| University Village 1 Bedroom Apartments | $2,793 | $1,030 | $6,093 |
| University Village 2 Bedroom Apartments | $3,744 | $1,570 | $6,805 |
| University Village 3 Bedroom Apartments | $2,971 | $1,109 | $8,284 |
| University Village 4 Bedroom Apartments | $2,259 | $1,080 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 127 rentals with your search options within a 1 mile radius of the University Village Neighborhood of Chicago, IL.
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University Village, Chicago, IL Local Guide
- Nearby Chicago neighborhoods
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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 Studio unit found at 618 S Racine Ave priced from $850. Addams 2.0 has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,030. Here are the most affordable University Village apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 618 S Racine Ave | 0 Beds, 1 Baths | Studio,1BA | $850 |
| Addams 2.0 | 1BR/8.0BA | 1BR,8BA | $1,030 |
| Harris Point Chicago | 1404 W Taylor St, Apt 3 | 1BR,1BA | $1,400 |
| 1616 W. 18th Pl | 1BR/1.0BA | 1BR,1BA | $1,545 |
| Rio Properties - 1744 | 1BR/1.0BA | 1BR,1BA | $1,575 |
| 1626 S. Throop | 1BR/1.0BA | 1BR,1BA | $1,650 |
| The Rosie | A6 | Studio,1BA | $1,655 |
Best Value Apartments for Rent in University Village, IL
As of September 10, 2026 the best value apartment in the University Village area is the $1.84 price per square foot 1638 W 18th Pl Model at 1638 W 18th Pl, Unit 2R in the in the University Village neighborhood starting from $3,500. The second greatest value University Village apartment is the 915 S Loomis St Model at 915 S Loomis St, Unit 2 starting at $3,300 with a $1.89 price per square foot in the University Village 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. |
|---|---|---|---|
| 1638 W 18th Pl, Unit 2R | 1638 W 18th Pl | 4BR,2BA | $1.84 |
| 915 S Loomis St, Unit 2 | 915 S Loomis St | 5BR,2BA | $1.89 |
| 1652 S Throop St, Unit 2 | 1652 S Throop St | 3BR,2BA | $2.17 |
| 1427 W Lexington St, Unit 1 st. 2 nd Floor | 1427 W Lexington St | 3BR,1.5BA | $1.50 |
| 1338 W Cullerton St | 3 bd 2 ba | 3BR,2BA | $2.30 |
| Tailor Lofts Student Living | Adams | 4BR,3BA | $0.99 |
| 1900 S May St, Unit 1F | 1900 S May St | 2BR,1BA | $1.80 |
| 1905 W 19th St, Unit 1 | 1905 W 19th St | 2BR,1BA | $2.19 |
| 1417 W 19th St, Unit 3R | 1417 W 19th St | 1BR,1BA | $1.73 |
| Rio Properties - 1744 | 1BR/1.0BA | 1BR,1BA | $2.25 |
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 Article
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
Read ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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.
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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 LifestyleUniversity Village, Chicago, IL
Ranked #34
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
City Of Chicago School District 299
Public School - Grades PK-8 (343)
2 out of 10
Young Magnet High School
City Of Chicago School District 299
Public School - Grades 6-12 (2206)
8 out of 10
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 $1,655.
What is the price of a cheap apartment in University Village?
The cheapest apartment in University Village is Addams 2.0 which is listed at $1,030, while the average apartment in University Village costs $2,589.
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 78 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 $834 which is $1,755 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.
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I’m Nicole, you’re ApartmentHomeLiving.com Local Expert for Chicago. There’s no denying I love the Windy City. Yet there’s also no denying that rental homes in Chicago can be pricy, small, and hard to find.
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