
Cheap Homes for Rent in the University Village Neighborhood of Chicago, IL from $1,100 (17 Rentals)
Search the lowest-cost Homes available for rent right now in the University Village area of Chicago.


2021 S Ruble St

1717 S Carpenter St, Unit #2

1801 S Peoria St

1503 W 19th St, Unit 3R
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1503 W 19th St, Unit 4R

1820 S Allport St, Unit 1F

1800 W 21st Pl, Unit 1

1820 S Allport St, Unit 1F

2008 S Loomis St, Unit 1R
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1525 S Sangamon St

2058 W 19th St, Unit 2

1014 W 19th St

1929 W 21st Pl, Unit B

2016 W 21st St
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1488 S Blue Island Ave

1511 S Laflin St
University Village, Chicago, IL Local Guide

How much does it cost to rent a home in University Village?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| University Village 2 Bedroom Homes for Rent | $3,585 | $1,750 | $6,100 |
| University Village 3 Bedroom Homes for Rent | $3,392 | $1,110 | $6,856 |
| University Village 4 Bedroom Homes for Rent | $4,823 | $3,200 | $7,250 |
| University Village 5 Bedroom Homes for Rent | $6,000 | $6,000 | $6,000 |
Browse Homes for Rent in this Neighborhood
There are currently 17 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
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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 1 Bed unit found at Addams 2.0 priced from $1,280. 6 Units in Pilsen - Beautifully Rehabbed has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,595. Here are the most affordable University Village apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Addams 2.0 | 1BR/1.0BA | 1BR,1BA | $1,280 |
| 6 Units in Pilsen - Beautifully Rehabbed | 2 Beds, 1 Baths | 2BR,1BA | $1,595 |
| 768 W. Jackson | Studio | Studio,1BA | $1,635 |
| The Rosie | A4 | Studio,1BA | $1,896 |
| 1644 W 21st St | 2 Beds, 1 Baths | 2BR,1BA | $1,899 |
Best Value Apartments for Rent in University Village, IL
As of July 30, 2026 the best value apartment in the University Village area is the $1.30 price per square foot 2040 W 19th St Model at 2040 W 19th St, Unit 2 in the in the University Village neighborhood starting from $2,600. The second greatest value University Village apartment is the 1127 W Madison St Model at 1127 W Madison St, Unit 3 starting at $3,950 with a $2.32 price per square foot in the West Loop 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. |
|---|---|---|---|
| 2040 W 19th St, Unit 2 | 2040 W 19th St | 3BR,1BA | $1.30 |
| 1127 W Madison St, Unit 3 | 1127 W Madison St | 2BR,2BA | $2.32 |
| 2124 S Halsted St, Unit 3 | 2124 S Halsted St | 3BR,2BA | $2.14 |
| Tailor Lofts Student Living | Jefferson | 4BR,4BA | $0.95 |
| 1427 W Lexington St, Unit 1 st. Floor | 1427 W Lexington St | 3BR,1.5BA | $1.50 |
| 1846 S Loomis St | 2 Beds, 1 Baths | 2BR,1BA | $1.89 |
| Bishop Street Lofts | Two Bedroom Loft | 2BR,1BA | $2.00 |
| 1644 W 21st St | 2 Beds, 1 Baths | 2BR,1BA | $2.37 |
| 1628 W Cermak Rd, Unit Penthouse suit | 1628 W Cermak Rd | 2BR,1BA | $2.61 |
| 6 Units in Pilsen - Beautifully Rehabbed | 2 Beds, 1 Baths | 2BR,1BA | $2.36 |
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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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
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
Young Magnet High School
School data provided by Great Schools
Frequently Asked Questions about University Village
What type of rentals are currently available in University Village?
There are currently 513 Apartments for Rent in University Village, IL with pricing that ranges from $850 to $17,789. There are also 218 Single Family Homes for rent, Condos, and Townhome rentals currently available in University Village ranging from $1,110 to $7,250.
What is the current price range for Rental Homes in University Village?
Today's rental pricing for Homes for Rent, Condos and Townhomes in University Village ranges from $1,110 to $7,250 with an average monthly rent of $3,742.
How much are larger Three and Four Bedroom Rentals in University Village?
For those who are looking for larger living arrangements, Three Bedroom Apartments in University Village range from $1,750 to $7,924, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,110 to $6,856. Four Bedroom Single-Family rentals are also available starting from $3,200 and Four Bedroom Apartments start at $1,179.
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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