
Cheap Apartments for Rent in University Park, IL from $700 (26 Rentals)
Search the lowest-cost Apartments available for rent right now in University Park.


Maple Leaf Apartments

Crest Apartments

St James Senior Apartments
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.

Chelsea Garden

Thornwood Apartments

Carriage Creek Apartments

Edenbridge Apartments

Linden Park Apartments

Richton Trail
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.

Barberry Apartments

Olympic Village Apartments

Edgewater Walk Apartments

7449 Sycamore Ct

Towers of Edgewater
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.

3353 Commercial Ave

1235 Columbia St
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.
University Park, IL Local Guide

How much does it cost to rent an apartment in University Park?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Cheap University Park Studio Apartments | $911 | $800 | $1,035 |
Cheap University Park 1 Bedroom Apartments | $1,424 | $811 | $3,044 |
Cheap University Park 2 Bedroom Apartments | $1,742 | $1,025 | $3,395 |
Cheap University Park 3 Bedroom Apartments | $2,377 | $1,437 | $3,687 |
Browse Top Apartments in University Park
See all Apartments in University ParkExplore University Park
University Park, IL Local Guide
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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. St James Senior Apartments in the University Park neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $811. Here is today’s list of the most affordable University Park apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Crest Apartments | Studio | Studio,1BA | $800 |
St James Senior Apartments | One Bedroom One Bath | 1BR,1BA | $811 |
Carriage Creek Apartments | 1 bedroom | 2BR,1BA | $1,025 |
Edenbridge Apartments | Senior Living 1x1 | 1BR,1BA | $1,150 |
Olympic Village Apartments | The Pine | 1BR,1BA | $1,201 |
Dynasty House Apartments | 1 Bedroom UNIV | 1BR,1BA | $1,240 |
Central Park | 1 Bedroom 1 Bath | 1BR,1BA | $1,274 |
Bernice Homes | Two Bedroom home | 2BR,1BA | $1,350 |
Westbridge Apartments | 1 Bed 1 Bath B Renovated | 1BR,1BA | $1,375 |
Richton Trail | 2 Beds, 1 bath | 2BR,1BA | $1,375 |
Best Value Apartments for Rent in University Park, IL
As of October 23, 2025 the best value apartment in the University Park area is the $1.35 price per square foot 3 Bedroom 1 Bath Townhouse Model at Oakwood Townhomes in the in the Lincoln Station neighborhood starting from $1,825. The second greatest value University Park apartment is the 1 Bedroom 1 Bath Model at Central Park starting at $1,274 with a $1.07 price per square foot in the Lincoln Station 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. |
---|---|---|---|
Oakwood Townhomes | 3 Bedroom 1 Bath Townhouse | 3BR,1BA | $1.35 |
Central Park | 1 Bedroom 1 Bath | 1BR,1BA | $1.07 |
Heritage Manor | 1BR/1BATH | 1BR,1BA | $1.53 |
St James Senior Apartments | Two Bedroom One Bath | 2BR,1BA | $1.25 |
Park Towers Apartment Homes | Two Bedroom 2 Bath-910 sqft | 2BR,2BA | $1.77 |
Carriage Creek Apartments | 2 bedroom | 2BR,1BA | $1.42 |
21746 Jeffrey Avenue | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1.58 |
Richton Trail | 2 Beds, 1 bath | 2BR,1BA | $1.71 |
Bernice Homes | Two Bedroom home | 2BR,1BA | $1.69 |
Dynasty House Apartments | 1 Bedroom UNIV | 1BR,1BA | $1.68 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read ArticleDon'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 ArticleThe 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.
Read ArticleQuick Rent Budget Calculator
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Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore University Park, IL Rentals by Map
See the most popular apartments and homes in University Park, IL
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
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $811 at St James Senior 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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.