Cheap Homes for Rent in the University Village Neighborhood of Chicago, IL from $1,100 (17 Rentals)

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

property at 1503 W 19th St

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500

Total Monthly Price
$1,500

Studio, 1 Bath Condo for Rent

Available Now

1503 W 19th St, Unit 3R

1503 W 19th St
ChicagoIL60608

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property at 1014 W 19th St

$1,600 - $1,750

2 Bedroom Rentals

Available Now

1014 W 19th St

ChicagoIL60608

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University Village, Chicago, IL Local Guide

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 ListingModel NameBed/BathPriced From
Addams 2.01BR/1.0BA1BR,1BA$1,280
6 Units in Pilsen - Beautifully Rehabbed2 Beds, 1 Baths2BR,1BA$1,595
768 W. JacksonStudioStudio,1BA$1,635
The RosieA4Studio,1BA$1,896
1644 W 21st St2 Beds, 1 Baths2BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
2040 W 19th St, Unit 22040 W 19th St3BR,1BA$1.30
1127 W Madison St, Unit 31127 W Madison St2BR,2BA$2.32
2124 S Halsted St, Unit 32124 S Halsted St3BR,2BA$2.14
Tailor Lofts Student LivingJefferson4BR,4BA$0.95
1427 W Lexington St, Unit 1 st. Floor1427 W Lexington St3BR,1.5BA$1.50
1846 S Loomis St2 Beds, 1 Baths2BR,1BA$1.89
Bishop Street LoftsTwo Bedroom Loft2BR,1BA$2.00
1644 W 21st St2 Beds, 1 Baths2BR,1BA$2.37
1628 W Cermak Rd, Unit Penthouse suit1628 W Cermak Rd2BR,1BA$2.61
6 Units in Pilsen - Beautifully Rehabbed2 Beds, 1 Baths2BR,1BA$2.36

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

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Best Neighborhoods to Rent in Near Chicago's Top Employers: A Guide for Renters

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Real 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.

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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 Lifestyle
University Village, Chicago, IL

Ranked #34

Among cities in Illinois for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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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