Cheap Homes for Rent in University Village Neighborhood of Chicago, IL from $800 (28 Rentals)

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Search the lowest-cost Homes available for rent right now in the University Village area of Chicago.

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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. 768 W. Jackson has the second lowest priced unit, which is a Studio apartment currently listed from $1,495. Here are the most affordable University Village apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Addams ColivingUnit 3164BR,3BA$1,190
768 W. JacksonStudioStudio,1BA$1,495
Bishop Street LoftsTwo Bedroom Loft2BR,1BA$1,800
The DuncanM-A21 - 100% AMI AROStudio,1BA$1,850
Harris Point Chicago720 S. Laflin St. Apt 2M2BR,1BA$2,050

Best Value Apartments for Rent in University Village, IL

As of September 14, 2025 the best value apartment in the University Village area is the $1.65 price per square foot 1147 W Taylor St Model at 1147 W Taylor St, Unit 1 in the in the University Village neighborhood starting from $3,600. The second greatest value University Village apartment is the 1643 S Throop St Model at 1643 S Throop St, Unit 3R starting at $2,785 with a $1.55 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 ListingModel NameBed/BathPrice Per Sq.Ft.
1147 W Taylor St, Unit 11147 W Taylor St3BR,2BA$1.65
1643 S Throop St, Unit 3R1643 S Throop St3BR,1BA$1.55
1822 S Throop St, Unit 2F1822 S Throop St3BR,2BA$1.66
1822 S Throop St, Unit 2F1822 S Throop St3BR,2BA$1.66
229 S Racine Ave, Unit 1229 S Racine Ave2BR,2BA$2.06
1653 S Throop St, Unit 3W1653 S Throop St3BR,2BA$2.00
821 W Van Buren St, Unit 2821 W Van Buren St2BR,1BA$2.08
1013 W 19th St, Unit 21013 W 19th St2BR,2BA$1.96
Harris Point Chicago1500 W. Polk St. Apt 3M2BR,1BA$2.04
1943 W 21st Pl, Unit 1R1943 W 21st Pl2BR,1BA$1.75

Frequently Asked Questions about University Village

What type of rentals are currently available in University Village?

There are currently 522 Apartments for Rent in University Village, IL with pricing that ranges from $1,000 to $30,150. There are also 283 Single Family Homes for rent, Condos, and Townhome rentals currently available in University Village ranging from $810 to $8,800.

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 $810 to $8,800 with an average monthly rent of $2,384.

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 $1,075 to $10,852, while Three Bedroom Homes, Condos, and Townhomes for rent range from $825 to $7,950. Four Bedroom Single-Family rentals are also available starting from $810 and Four Bedroom Apartments start at $1,040.

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.

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