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Cheap Apartments for Rent in the University Village Neighborhood of Chicago, IL from $700 (48 Rentals)
Search the lowest-cost Apartments available for rent right now in the University Village area of Chicago.
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903 S Ashland Ave
ChicagoIL60607
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Rent Specials
$1,625 - $2,500Studio to 1 Bedroom Apartments Available Now
The Duncan
1515 W Monroe StChicago, IL 60607
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1025 W Cullerton St
ChicagoIL60608
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$1,6752 Bedroom Apartment Available Now
2040 W Cullerton St, Unit 2
2040 W Cullerton StChicago, IL 60608
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$1,697 - $4,917Studio to 2 Bedroom Apartments Available Now
The Rosie
1461 S Blue Island AveChicago, IL 60608
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2000 S Ashland Ave
ChicagoIL60608
1909 S May St
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
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165 N Desplaines St
ChicagoIL60661
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$1,825 - $3,3003 Bedroom Apartments Available Now
1935 S Canalport Ave
1935 S Canalport AveChicago, IL 60616
731 W 16th St
ChicagoIL60616
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1 to 2 Bedroom Apartments
Roosevelt Place Senior Apartments
1401-1431 W Roosevelt RdChicago, IL 60608
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Showing Results 1-48, 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 | $2,119 | $1,455 | $2,880 |
| University Village 1 Bedroom Apartments | $2,639 | $1,530 | $10,000+ |
| University Village 2 Bedroom Apartments | $3,070 | $1,470 | $6,333 |
| University Village 3 Bedroom Apartments | $2,618 | $1,085 | $9,506 |
| University Village 4 Bedroom Apartments | $1,715 | $1,040 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 48 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 $1,190. Atrio Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,308. Here are the most affordable University Village apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Addams Coliving | Unit 316 | 4BR,3BA | $1,190 |
| Atrio Apartments | AROa4 | 1BR,1BA | $1,308 |
| 768 W. Jackson | Studio | Studio,1BA | $1,455 |
| The Rosie | A5 | Studio,1BA | $1,697 |
| The Duncan | M-A21 - 100% AMI ARO | Studio,1BA | $1,750 |
| Bishop Street Lofts | Two Bedroom Loft | 2BR,1BA | $1,800 |
| 1935 S Canalport Ave | Apartment 3 Bedroom | 3BR,2BA | $1,825 |
Best Value Apartments for Rent in University Village, IL
As of November 01, 2025 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 $2,995 with a $1.66 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 | $1.66 |
| 1822 S Throop St, Unit 1F | 1822 S Throop St | 3BR,2.5BA | $1.58 |
| 1918 W Cermak Rd, Unit 3 | 1918 W Cermak Rd | 3BR,2BA | $1.66 |
| 1016 W Cullerton St, Unit 1F | 1016 W Cullerton St | 2BR,1BA | $1.33 |
| 1918 W Cermak Rd, Unit 3 | 1918 W Cermak Rd | 3BR,2BA | $1.66 |
| 1016 W Cullerton St, Unit 1F | 1016 W Cullerton St | 2BR,1BA | $1.33 |
| 1647 S Throop St, Unit 2nd Rear | 1647 S Throop St | 2BR,2BA | $1.60 |
| 1943 W 21st Pl, Unit 1R | 1943 W 21st Pl | 2BR,1BA | $1.75 |
| 2040 W Cullerton St, Unit 2 | 2040 W Cullerton St | 2BR,1BA | $1.68 |
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 $1,825.
What is the price of a cheap apartment in University Village?
The cheapest apartment in University Village is Atrio Apartments which is listed at $1,308, while the average apartment in University Village costs $30,211.
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 130 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 $786 which is $29,425 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
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.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.