Cheap Homes for Rent in University Village Neighborhood of Chicago, IL from $700 (34 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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Showing Results 1-34, Page 1 of 1

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 $1,455. 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$1,455
The DuncanM-A2 - 100% AMI AROStudio,1BA$1,745
Bishop Street LoftsTwo Bedroom Loft2BR,1BA$1,800
1935 S Canalport AveApartment 3 Bedroom3BR,2BA$1,825
The RosieA15Studio,1BA$1,850

Best Value Apartments for Rent in University Village, IL

As of December 28, 2025 the best value apartment in the University Village area is the $1.61 price per square foot 1830 S Peoria St Model at 1830 S Peoria St, Unit 1 in the in the University Village neighborhood starting from $4,000. The second greatest value University Village apartment is the 1751 W 21st Pl Model at 1751 W 21st Pl, Unit 1 starting at $2,000 with a $1.00 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.
1830 S Peoria St, Unit 11830 S Peoria St5BR,3BA$1.61
1751 W 21st Pl, Unit 11751 W 21st Pl3BR,1BA$1.00
1935 S Canalport AveApartment 3 Bedroom3BR,2.5BA$0.93
1822 S Throop St, Unit 2F1822 S Throop St3BR,2BA$1.36
1822 S Throop St, Unit 1F1822 S Throop St3BR,2.5BA$1.58
1900 S Throop St, Unit 61900 S Throop St3BR,1BA$1.43
719 S Loomis St, Unit 2719 S Loomis St4BR,1BA$1.87
1427 W Lexington St, Unit 1 st. Floor1427 W Lexington St3BR,1.5BA$1.62
1013 W 19th St, Unit 21013 W 19th St2BR,2BA$1.88
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 507 Apartments for Rent in University Village, IL with pricing that ranges from $1,040 to $24,852. There are also 235 Single Family Homes for rent, Condos, and Townhome rentals currently available in University Village ranging from $760 to $6,756.

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 $760 to $6,756 with an average monthly rent of $2,206.

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 $1,065 to $5,471, while Three Bedroom Homes, Condos, and Townhomes for rent range from $825 to $6,756. Four Bedroom Single-Family rentals are also available starting from $760 and Four Bedroom Apartments start at $1,040.

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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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.

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Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago

Written by: Nicole Harms

With world-class museums lining its streets, Chicago is a place people go to learn. It’s not surprising, therefore, that it’s also home to multiple colleges and universities with national and global reputations.

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Best Neighborhoods to Rent in Near Chicago's Top Employers

Written by: Nicole Harms

Whenever life takes me into the city, I’m always impressed with the sheer amount of industry and commerce that it holds. With all of that commerce comes a wide range of employment options.

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Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago

Written by: Nicole Harms

From Lake Shore Drive to the O’Hare Airport, the city of Chicago is a study in diversity, resilience, and culture.

Articles, How-To's, and Tips

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Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!