
Cheap Apartments for Rent in the University Village Neighborhood of Chicago, IL from $767 (127 Rentals) Page 2 of 3
Search the lowest-cost Apartments available for rent right now in the University Village area of Chicago.


125 S Green St

The Otis

1224 W Van Buren St

1912 W Harrison St

Total Monthly Price
901 S Ashland Ave, Unit SI FL9-ID1337

521 S Damen Ave

1101 W Jackson Blvd

1043 W Madison St, Unit 27R

Total Monthly Price
2120 S Halsted St, Unit 3S
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!

921 S Laflin St, Unit 02F

Roosevelt Place Senior Apartments

618 S Racine Ave

1809 S Carpenter St

1810 S Throop St

1204 W Lexington St

1912 S Throop St

1417 W Cullerton St

1206-1208 W Lexington St

561 W 18th St
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

Harris Point Chicago

1603 S Wood St

1616 W. 18th Pl

1322 W 18th Pl

Rio Properties - 1744

6 Units in Pilsen - Beautifully Rehabbed

1413 W Taylor St

1014 W 19th St

1659 W. 21st St. / 2109 S. Paulina St.

1626 S. Throop
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

1758 W. 21st Pl. / 2115 S. Wood St.

915 S Aberdeen St

Lexington 90

1507 W Taylor St

1707-1709 S Racine Ave

1849 W 17th St

1833 W 21st street

1449-1453 W Flournoy St

1435 W Lexington St

1621 S Carpenter St
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

1935 S Canalport Ave

544 W Cullerton St

625 W Jackson Blvd

1644 W 21st St

Harris Point Chicago

Pilsen 1820 Throop

1905 W 19th St

1112 W 18th St

1927 S Racine Ave

Harris Point Chicago
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.
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+ |
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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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.
Helpful Local Expert Guides

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Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.