Room in Shared 4 bed/2 bath home, Unit A
1812 S Throop St
ChicagoIL60608
Cheap Homes for Rent in University Village Neighborhood of Chicago, IL from $900 (20 Rentals)
Search the lowest-cost Homes available for rent right now in the University Village area of Chicago.
Room in Shared 4 bed/2 bath home, Unit B
1812 S Throop St
ChicagoIL60608
Room in Shared 4 bed/1 bath home, Unit D
2010 S Loomis St
ChicagoIL60608
Room in Shared 4 bed/3 bath home, Unit C
2122 S Hoyne Ave
ChicagoIL60608
Room in Shared 5 bed/3 bath home, Unit E
1119 S Loomis St
ChicagoIL60607
1732 W 18th Pl
ChicagoIL60608
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.
1503 W 19th St, Unit 5R
1503 W 19th St
ChicagoIL60608
1846 W 18th St, Unit 2F
1846 W 18th St
ChicagoIL60608
1917 W 21st St
ChicagoIL60608
1511 S Laflin St
ChicagoIL60608
919 S Carpenter St
ChicagoIL60607
818 W 18th St, Unit 4M
818 W 18th St
ChicagoIL60608
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.
1817 S Peoria St
ChicagoIL60608
1013 W 18th Pl, Unit 2, Unit 2
1013 W 18th Pl
ChicagoIL60608
1702 S Morgan St, Unit # 01R, Unit # 01R
1702 S Morgan St
ChicagoIL60608
1702 S Morgan St, Unit 1R
1702 S Morgan St
ChicagoIL60608
1704 S Morgan St, Unit 1R, Unit 1R
1704 S Morgan St
ChicagoIL60608
1201 W Adams St
ChicagoIL60607
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.
552 S Damen Ave
ChicagoIL60612
1111 W 14th Pl, Unit 321, Unit 321
1111 W 14th Pl
ChicagoIL60608
Showing Results 1-20, Page 1 of 1
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 | $3,535 | $1,795 | $10,000+ |
| University Village 3 Bedroom Homes for Rent | $3,803 | $1,950 | $7,500 |
| University Village 4 Bedroom Homes for Rent | $3,047 | $910 | $9,500 |
| University Village 5 Bedroom Homes for Rent | $2,976 | $1,230 | $4,500 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 20 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
- Nearby Chicago neighborhoods
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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 $1,250. 768 W. Jackson has the second lowest priced unit, which is a Studio apartment currently listed from $1,425. Here are the most affordable University Village apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Addams Coliving | Unit 207 | 4BR,4BA | $1,250 |
| 768 W. Jackson | Studio | Studio,1BA | $1,425 |
| 1935 S Canalport Ave | Apartment 3 Bedroom | 3BR,2BA | $1,825 |
| The Rosie | A4 | Studio,1BA | $1,902 |
| Atrio Apartments | S1 (11 & 13) | Studio,1BA | $2,144 |
Best Value Apartments for Rent in University Village, IL
As of April 25, 2026 the best value apartment in the University Village area is the $1.18 price per square foot 1901 S May St Model at 1901 S May St, Unit 1 in the in the University Village neighborhood starting from $3,000. The second greatest value University Village apartment is the Apartment 3 Bedroom Model at 1935 S Canalport Ave starting at $1,825 with a $0.93 price per square foot in the South 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. |
|---|---|---|---|
| 1901 S May St, Unit 1 | 1901 S May St | 3BR,2.5BA | $1.18 |
| 1935 S Canalport Ave | Apartment 3 Bedroom | 3BR,2.5BA | $0.93 |
| 1822 S Throop St, Unit 2F | 1822 S Throop St | 3BR,2BA | $1.36 |
| 1700 S Morgan St | 2nd fl | 3BR,2BA | $2.14 |
| 901 W 19th St, Unit 3 | 901 W 19th St | 3BR,1BA | $1.79 |
| 827 S Laflin St | 827 S Laflin St | 3BR,1BA | $2.24 |
| 1320 W 19th St, Unit A3 | 1320 W 19th St | 2BR,2BA | $2.33 |
| 1647 S Throop St, Unit 1st floor | 1647 S Throop St | 3BR,2BA | $1.92 |
| 1943 W 21st Pl, Unit 1R | 1943 W 21st Pl | 2BR,1BA | $1.75 |
| 1923 S Peoria St, Unit 1F | 1923 S Peoria St | 2BR,1BA | $1.53 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read Article
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleBest Neighborhoods to Rent in Near Chicago's Top Employers: A Guide for Renters
A Local Expert's Guide to The 10 Best Chicago Neighborhoods near Major Local Employers. Find your perfect Chicago, IL apartment, condo, or rental home today at ApartmentHomeLiving.com
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleA Local Expert's Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago
A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Chicago, IL metro area for affordable living. Find your perfect Chicago Student apartment, condo, or rental home today at ApartmentHomeliving.com
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.
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Pet Friendly LifestyleUniversity Village, Chicago, IL
Ranked #37
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
City Of Chicago School District 299
Public School - Grades PK-8 (397)
3 out of 10
Young Magnet High School
City Of Chicago School District 299
Public School - Grades 6-12 (2148)
7 out of 10
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 509 Apartments for Rent in University Village, IL with pricing that ranges from $1,160 to $22,932. There are also 209 Single Family Homes for rent, Condos, and Townhome rentals currently available in University Village ranging from $910 to $15,000.
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 $910 to $15,000 with an average monthly rent of $3,013.
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 $1,825 to $6,475, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,950 to $7,500. Four Bedroom Single-Family rentals are also available starting from $910 and Four Bedroom Apartments start at $1,160.
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
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.
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.
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.
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
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.