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$1,325 - $1,495Studio Apartments Available Now
768 W. Jackson
766-768 W Jackson BlvdChicago, IL 60661
Cheap Apartments for Rent in the University Village Neighborhood of Chicago, IL from $700 (44 Rentals)
Search the lowest-cost Apartments available for rent right now in the University Village area of Chicago.
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$1,380 - $2,200
Total Monthly Price
Studio to 2 Bedroom Apartment Available NowTotal Monthly Price
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$1,380 - $2,200
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$1,380 - $2,200
1806 S Jefferson St
1806 S Jefferson StChicago, IL 60616
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$1,450 - $1,6501 Bedroom Apartments Available Now
561 W 18th St
561 W 18th StChicago, IL 60616
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$1,675 - $2,837
Total Monthly Price
1 to 3 Bedroom Apartment Available NowTotal Monthly Price
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$1,675 - $2,837
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$1,675 - $2,837
1822 S Throop St
1822 S Throop StChicago, IL 60608
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$1,6752 Bedroom Apartments Available Apr 1
2008 S Loomis St
2008 S Loomis StChicago, IL 60608
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$1,7002 Bedroom Apartments Available Now
1101 W 16th St
1101 W 16th StChicago, IL 60608
1316 W 18th St
ChicagoIL60608
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$1,745
Total Monthly Price
2 Bedroom Apartment Available NowTotal Monthly Price
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$1,745
Total Monthly Price
$1,745
1943 W 21st Pl, Unit 1R
1943 W 21st PlChicago, 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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$1,7502 Bedroom Apartment Available Apr 1
1719 S Ruble St, Unit 2
1719 S Ruble StChicago, IL 60616
901 S Ashland Ave
ChicagoIL60607
1035 W Van Buren St
ChicagoIL60607
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$1,800
Total Monthly Price
1 Bedroom Apartment Available Apr 1Total Monthly Price
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$1,800
Total Monthly Price
$1,800
1539 W 19th St, Unit 1R
1539 W 19th StChicago, IL 60608
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$1,800 - $2,2501 to 2 Bedroom Apartments Contact Us For Availability
Bishop Street Lofts
1822-1834 S Bishop StChicago, IL 60608
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$1,800
Total Monthly Price
4 Bedroom Apartment Available NowTotal Monthly Price
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$1,800
Total Monthly Price
$1,800
1529 W 18th St, Unit 2R
1529 W 18th StChicago, IL 60608
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$1,8002 Bedroom Apartments Available Now
1131 W 18th St
1131 W 18th StChicago, IL 60608
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$1,8003 Bedroom Apartments Available Now
1926 S Shelby Ct
1926 S Shelby CtChicago, 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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$1,800
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2 Bedroom Apartment Available Apr 1Total Monthly Price
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$1,800
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$1,800
1824 S Canalport Ave, Unit 1
1824 S Canalport AveChicago, IL 60616
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$1,825 - $3,3003 Bedroom Apartments Contact Us For Availability
1935 S Canalport Ave
1935 S Canalport AveChicago, IL 60616
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$1,888 - $4,886Studio to 2 Bedroom Apartments Available Now
The Rosie
1461 S Blue Island AveChicago, IL 60608
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$1,9001 Bedroom Apartments Available Now
1834 S Throop St
1834 S Throop StChicago, IL 60608
1812 S Morgan St
ChicagoIL60608
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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
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
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
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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 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
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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1 to 2 Bedroom Apartments
1659 W. 21st St. / 2109 S. Paulina St.
1659 W 21st StChicago, IL 60608
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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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Studio to 1 Bedroom Apartments
The Duncan
1515 W Monroe StChicago, IL 60607
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2 Bedroom Apartments
1507 W Taylor St
1507 W Taylor 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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Studio to 3 Bedroom Apartments
1449-1453 W Flournoy St
1449-1453 W Flournoy StChicago, IL 60607
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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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
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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 1-44, 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 | $2,247 | $1,325 | $3,650 |
| University Village 1 Bedroom Apartments | $2,747 | $1,450 | $7,955 |
| University Village 2 Bedroom Apartments | $3,331 | $1,669 | $9,200 |
| University Village 3 Bedroom Apartments | $2,695 | $1,800 | $5,000 |
| University Village 4 Bedroom Apartments | $1,446 | $1,160 | $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 44 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 $1,250. 768 W. Jackson has the second lowest priced unit, which is a Studio apartment currently listed from $1,325. Here are the most affordable University Village apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Addams Coliving | Unit 207 | 4BR,4BA | $1,250 |
| 768 W. Jackson | Studio | Studio,1BA | $1,325 |
| 561 W 18th St | 1st front | 1BR,1BA | $1,450 |
| The Duncan | M-A2 - 100% AMI ARO | Studio,1BA | $1,745 |
| 1935 S Canalport Ave | Apartment 3 Bedroom | 3BR,2BA | $1,825 |
| The Rosie | A4 | Studio,1BA | $1,888 |
Best Value Apartments for Rent in University Village, IL
As of March 10, 2026 the best value apartment in the University Village area is the $0.93 price per square foot Apartment 3 Bedroom Model at 1935 S Canalport Ave in the in the South Loop neighborhood starting from $1,825. The second greatest value University Village apartment is the 1822 S Throop St Model at 1822 S Throop St, Unit 2F starting at $2,445 with a $1.36 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. |
|---|---|---|---|
| 1935 S Canalport Ave | Apartment 3 Bedroom | 3BR,2.5BA | $0.93 |
| 1822 S Throop St, Unit 2F | 1822 S Throop St | 3BR,2BA | $1.36 |
| 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 | $1.47 |
| 1044 W 18th St, Unit 3F | 1044 W 18th St | 3BR,1BA | $2.05 |
| 2020 S Throop St, Unit 2E | 2020 S Throop St | 2BR,2BA | $2.24 |
| 1943 W 21st Pl, Unit 1R | 1943 W 21st Pl | 2BR,1BA | $1.75 |
| 2103 W 21st Pl, Unit 2 | 2103 W 21st Pl | 3BR,1BA | $2.30 |
| 1529 W 18th St, Unit 2R | 1529 W 18th St | 4BR,1BA | $1.80 |
| 1806 S Jefferson St | 1806 S Jefferson St | Studio ,1BA | $1.97 |
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 $1,888.
What is the price of a cheap apartment in University Village?
The cheapest apartment in University Village is 561 W 18th St which is listed at $1,450, while the average apartment in University Village costs $28,419.
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 167 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 $651 which is $27,768 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
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
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.