Cheap Homes for Rent in the University Park Neighborhood of Monee, IL from $1,500 (11 Rentals)

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

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.

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

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 $1,050. 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$1,050
ST JAMES SENIOR APARTMENTS2 BED 1 BATH2BR,1BA$1,159
Dynasty House Apartments1 Bedroom UNIV1BR,1BA$1,305
Maple Leaf ApartmentsMid-rise1BR,1BA$1,320

Best Value Apartments for Rent in University Park, IL

As of July 15, 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 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 ListingModel NameBed/BathPrice Per Sq.Ft.
818 Sandra Dr, Unit 818 Sandra Dr818 Sandra Dr2BR,1.5BA$1.45
Dynasty House Apartments3 Bedroom UNIV3BR,2BA$1.86
ST JAMES SENIOR APARTMENTS2 BED 1 BATH2BR,1BA$1.25
Maple Leaf ApartmentsGarden1BR,1BA$1.66
Crest ApartmentsStudioStudio ,1BA$1.78
Linden Park ApartmentsStudio AStudio ,1BA$2.76

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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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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Frequently Asked Questions about University Park

What type of rentals are currently available in University Park?

There are currently 25 Apartments for Rent in University Park, IL with pricing that ranges from $553 to $2,149. There are also 19 Single Family Homes for rent, Condos, and Townhome rentals currently available in University Park ranging from $1,599 to $4,500.

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 $1,599 to $4,500 with an average monthly rent of $2,412.

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

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.