
Cheap Homes for Rent in University Park Neighborhood of Monee, IL from $1,200 (8 Rentals)
Search the lowest-cost Homes available for rent right now in the University Park area of Monee.


73 Meadowlark Ln

8 Drake Ln

3 Swan Ln
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.

140 Flamingo Dr

3135 Chicago Rd

45 Swan Ln

17 Meadowlark Ln
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.
University Park, Monee, IL Local Guide

How much does it cost to rent a home in University Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| University Park 2 Bedroom Homes for Rent | $1,689 | $1,250 | $2,200 |
| University Park 3 Bedroom Homes for Rent | $2,093 | $1,649 | $2,900 |
| University Park 4 Bedroom Homes for Rent | $2,475 | $2,450 | $2,500 |
| University Park 5 Bedroom Homes for Rent | $2,590 | $2,590 | $2,590 |
Browse Homes for Rent in this Neighborhood
There are currently 8 rentals with your search options within a 2 mile radius of the University Park Neighborhood of Monee, IL.
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University Park, Monee, IL Local Guide
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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. Dynasty House Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,305. Here are the most affordable University Park apartments for rent in Monee, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Crest Apartments | Studio | Studio,1BA | $800 |
| Dynasty House Apartments | 1 Bedroom UNIV | 1BR,1BA | $1,305 |
| Maple Leaf Apartments | Mid-rise | 1BR,1BA | $1,320 |
Best Value Apartments for Rent in University Park, IL
As of May 30, 2026 the best value apartment in the University Park area is the $1.45 price per square foot Willow Model at Arbors at Hickory Creek in the in the Lincoln Station neighborhood starting from $1,795. The second greatest value University Park apartment is the 3 Bedroom UNIV Model at Dynasty House Apartments starting at $1,905 with a $1.86 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Arbors at Hickory Creek | Willow | 3BR,2BA | $1.45 |
| Dynasty House Apartments | 3 Bedroom UNIV | 3BR,2BA | $1.86 |
| Westbridge Apartments | 2 Bed 2 Bath Renovated | 2BR,2BA | $1.59 |
| Maple Leaf Apartments | Garden | 1BR,1BA | $1.66 |
| Linden Park Apartments | 1 Bed 1 Bath B | 1BR,1BA | $1.92 |
| Crest Apartments | Studio | Studio ,1BA | $1.78 |
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 ArticleReal 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.
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.
Best Local Schools in University Park, Monee, IL
School data provided by Great Schools
Frequently Asked Questions about University Park
What type of rentals are currently available in University Park?
There are currently 23 Apartments for Rent in University Park, IL with pricing that ranges from $553 to $2,146. There are also 22 Single Family Homes for rent, Condos, and Townhome rentals currently available in University Park ranging from $1,250 to $2,900.
What is the current price range for Rental Homes in University Park?
Today's rental pricing for Homes for Rent, Condos and Townhomes in University Park ranges from $1,250 to $2,900 with an average monthly rent of $2,211.
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

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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.

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.