618 S Racine Ave
ChicagoIL60607
Cheap Apartments for Rent in the University Village Neighborhood of Chicago, IL from $700 (40 Rentals)
Search the lowest-cost Apartments available for rent right now in the University Village area of Chicago.
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from $1,4452 Bedroom Apartment Available Now
1838 S May St, Unit Apt 2F
1838 S May StChicago, IL 60608
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from $1,450Studio to 3 Bedroom Apartments Contact Us For Availability
Roosevelt Square
1357 W Roosevelt RdChicago, 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.
1709 S Racine Ave
ChicagoIL60608
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from $1,4802 Bedroom Apartment Available Jul 31
1651 W 19th St, Unit Apt 2R
1651 W 19th StChicago, IL 60608
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from $1,5001 Bedroom Apartment Available Now
1720 S Clinton St, Unit Coach House
1720 S Clinton StChicago, IL 60616
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from $1,6002 Bedroom Apartment Available Now
1948 S Desplaines St, Unit 1
1948 S Desplaines StChicago, IL 60616
1445 W Taylor St
ChicagoIL60607
1532 W 19th St
ChicagoIL60608
906 S Loomis St
ChicagoIL60607
1025 W Cullerton St
ChicagoIL60608
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1914 W 21st Pl
ChicagoIL60608
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from $1,738Studio to 1 Bedroom Apartments Available Now
The Rosie
1461 S Blue Island AveChicago, 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.
1833 W 21st St
ChicagoIL60608
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from $1,8001 Bedroom Apartment Available Now
2123 S Ashland Ave, Unit 2 f
2123 S Ashland AveChicago, IL 60608
1854 W 18th St
ChicagoIL60608
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from $1,8001 to 2 Bedroom Apartments Available Now
Bishop Street Lofts
1822-1834 S Bishop StChicago, IL 60608
1340 W 18th Pl
ChicagoIL60608
819 S Carpenter St
ChicagoIL60607
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1 to 2 Bedroom Apartments
Roosevelt Place Senior Apartments
1401-1431 W Roosevelt RdChicago, IL 60608
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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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Navigating 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.
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Chicago's Best Affordable Neighborhoods
Learn about Chicago and the best places to live with original content written by our Chicago, IL Local Expert Nicole Harms
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Showing Results 1-40, 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 | $2,407 | $800 | $6,177 |
| University Village 1 Bedroom Apartments | $2,709 | $1,150 | $7,284 |
| University Village 2 Bedroom Apartments | $2,755 | $1,445 | $7,568 |
| University Village 3 Bedroom Apartments | $2,685 | $1,075 | $6,495 |
| University Village 4 Bedroom Apartments | $1,582 | $1,040 | $4,995 |
Browse Apartments in this Neighborhood
There are currently 40 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 3 Beds unit found at Letterman Chicago priced from $1,075. 561 W 18th St has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,150. Here are the most affordable University Village apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Letterman Chicago | Mac - 3x2 | 3BR,2BA | $1,075 |
| 561 W 18th St | Garden Apartment Util Included 1bd 1 bath | 1BR,1BA | $1,150 |
| 768 W. Jackson | Studio | Studio,1BA | $1,295 |
| Harris Point Chicago | 1404 W Taylor St, Apt 8 | 1BR,1BA | $1,650 |
| The Rosie | A4 | Studio,1BA | $1,738 |
| Bishop Street Lofts | Two Bedroom Loft | 2BR,1BA | $1,800 |
Best Value Apartments for Rent in University Village, IL
As of July 08, 2025 the best value apartment in the University Village area is the $0.17 price per square foot 1914 W 21st Plz Model at 1914 W 21st Plz, Unit G in the in the University Village neighborhood starting from $1,700. The second greatest value University Village apartment is the 915 S Loomis St Model at 915 S Loomis St, Unit 2 starting at $3,200 with a $1.83 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. |
|---|---|---|---|
| 1914 W 21st Plz, Unit G | 1914 W 21st Plz | 2BR,1BA | $0.17 |
| 915 S Loomis St, Unit 2 | 915 S Loomis St | 5BR,2BA | $1.83 |
| 229 S Racine Ave, Unit 1 | 229 S Racine Ave | 2BR,2BA | $1.87 |
| 229 S Racine Ave, Unit 1 | 229 S Racine Ave | 2BR,2BA | $2.06 |
| 1514 W 18th Pl, Unit 2 | 1514 W 18th Pl | 2BR,2BA | $1.87 |
| 1948 S Desplaines St, Unit 1 | 1948 S Desplaines St | 2BR,1BA | $1.68 |
| Bishop Street Lofts | One Bedroom | 1BR,1BA | $2.11 |
| Harris Point Chicago | 1404 W Taylor St, Apt 8 | 1BR,1BA | $2.06 |
| 1838 S May St, Unit Apt 2F | 1838 S May St | 2BR,1BA | $1.93 |
| 1720 S Clinton St, Unit Coach House | 1720 S Clinton St | 1BR,1BA | $2.00 |
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 $1,800.
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 $1,150, while the average apartment in University Village costs $3,250.
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 17 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 $449 which is $2,801 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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.