Cheap Apartments for Rent in the University Park Neighborhood of Monee, IL from $500 (16 Rentals)

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Search the lowest-cost Apartments available for rent right now in the University Park area of Monee.

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26045 S Oak Rd
2 Bedroom Apartments

26045 S Oak Rd

26045 S Oak RdMonee, IL 60449

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.

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1205 N Main St
Studio to 1 Bedroom Apartments

1205 N Main St

1205 N Main StCrete, IL 60417

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.

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128 W 34th St
1 Bedroom Apartments

128 W 34th St

128 W 34th StSteger, IL 60475
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3623 Union Ave
Studio Apartments

3623 Union Ave

3623 Union AveSteger, IL 60475
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451 Cass St
1 Bedroom Apartments

451 Cass St

451 Cass StCrete, IL 60417
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Autumn Ridge
Studio to 3 Bedroom Apartments

Autumn Ridge

119 E Sycamore DrPark Forest, IL 60466

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.

University Park, Monee, IL Local Guide

Cheapest Available University Park Apartments for Rent

 

The cheapest available apartment rental in the University Park area of Monee, IL is a Studio unit found at Crest Apartments priced from $800. Linden Park Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,040. Here are the most affordable University Park apartments for rent in Monee, IL:

Apartment ListingModel NameBed/BathPriced From
Crest ApartmentsStudioStudio,1BA$800
Linden Park ApartmentsStudio AStudio,1BA$1,040
ST JAMES SENIOR APARTMENTS2 BED 1 BATH2BR,1BA$1,159
Dynasty House Apartments2 Bedroom UNIV2BR,1BA$1,425

Best Value Apartments for Rent in University Park, IL

As of May 03, 2026 the best value apartment in the University Park area is the $1.45 price per square foot 818 Sandra Dr Model at 818 Sandra Dr, Unit 818 Sandra Dr in the in the University Park neighborhood starting from $1,600. The second greatest value University Park apartment is the 2 BED 1 BATH Model at ST JAMES SENIOR APARTMENTS starting at $1,159 with a $1.25 price per square foot in the University Park neighborhood. Here is today’s list of the best values for University Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
818 Sandra Dr, Unit 818 Sandra Dr818 Sandra Dr2BR,1.5BA$1.45
ST JAMES SENIOR APARTMENTS2 BED 1 BATH2BR,1BA$1.25
Dynasty House Apartments2 Bedroom UNIV2BR,1BA$1.63
Crest ApartmentsStudioStudio ,1BA$1.78
Linden Park ApartmentsStudio AStudio ,1BA$2.74

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.

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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.

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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.

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The 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.

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Cash 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.

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Frequently Asked Questions about Cheap University Park Apartments

What types of apartments are the cheapest in University Park?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 1 regular apartments in University Park that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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.

Articles, How-To's, and Tips

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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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.

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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.

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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.