Cheap Apartments for Rent in University Park, IL from $700 (17 Rentals)

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

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.

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Richton Square Apartments
1 to 2 Bedroom Apartments

Richton Square Apartments

22300 Richton Square RdRichton Park, IL 60471
  • Utilities Included
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Cedar Ridge Apartments
1 to 3 Bedroom Apartments

Cedar Ridge Apartments

950 Cedar Ridge LnRichton Park, IL 60471
Senior Living
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Autumn Ridge
Studio to 3 Bedroom Apartments

Autumn Ridge

119 E Sycamore DrPark Forest, IL 60466

University Park, IL Local Guide

Cheapest Available University Park Apartments for Rent

 

The cheapest available apartment rental in University Park, IL is a Studio unit found at Crest Apartments in the University Park neighborhood priced from $800. Chelsea Garden in the West Lakes neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $900. Here is today’s list of the most affordable University Park apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Crest ApartmentsStudioStudio,1BA$800
Chelsea GardenStudio, 1 bathStudio,1BA$900
St James Senior ApartmentsOne Bedroom One Bath1BR,1BA$974
Carriage Creek Apartments2 bedroom2BR,1BA$1,025
Manchester Court Apartments1 BR/ 1 BA1BR,1BA$1,105

Best Value Apartments for Rent in University Park, IL

As of July 15, 2025 the best value apartment in the University Park area is the $1.61 price per square foot 2BD\2BA with Office Model at 6607 181st St in the in the Brookside Glen neighborhood starting from $2,000. The second greatest value University Park apartment is the 3NE Model at 7449 Sycamore Ct starting at $1,350 with a $1.35 price per square foot in the Woodland Heights 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.
6607 181st St2BD\2BA with Office2BR,2BA$1.61
7449 Sycamore Ct3NE2BR,1BA$1.35
Carriage Creek Apartments1 bedroom2BR,1BA$1.26
7448 Sycamore CtOne Bed s1BR,1BA$1.55
21746 Jeffrey Avenue2 Bedroom 1 Bath Apartment2BR,1BA$1.49
Bernice HomesTwo Bedroom home2BR,1BA$1.69
St James Senior ApartmentsOne Bedroom One Bath1BR,1BA$1.27
Central Park Apartments & Townhomes1 Bed 1 Bath B1BR,1BA$1.66
Manchester Court Apartments1 BR/ 1 BA1BR,1BA$1.70
Crest ApartmentsStudioStudio ,1BA$1.78

Quick Rent Budget Calculator

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore University Park, IL Rentals by Map

View MapUniversity Park, IL Apartments MapView MapUniversity Park, IL Rental Homes Map

Getting Around University Park, IL

Walk Score®

11 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

29 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

1 / 100

Minimal Transit

It may be possible to get on a bus

Frequently Asked Questions about Cheap University Park Apartments

How much is rent for a Cheap One Bedroom University Park Apartment?

The lowest price for a Cheap One Bedroom University Park Apartment is $875 at Crest Apartments.

What is the lowest price for a Cheap Two Bedroom University Park Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in University Park is starting from $1,025 at Carriage Creek Apartments.

What is the most affordable University Park Three Bedroom Apartment?

The best deal on a cheap University Park Three Bedroom Apartment rental is at Bernice Homes and starts from $1,600.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.