Cheap Apartments for Rent in University Park, IL from $700 (26 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

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.

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.

close
View Me
Richton Square Apartments
1 to 2 Bedroom Apartments

Richton Square Apartments

22300 Richton Square RdRichton Park, IL 60471
  • Utilities Included
close
View Me
Autumn Ridge
Studio to 3 Bedroom Apartments

Autumn Ridge

119 E Sycamore DrPark Forest, IL 60466
close
View Me
Cedar Ridge Apartments
1 to 3 Bedroom Apartments

Cedar Ridge Apartments

950 Cedar Ridge LnRichton Park, IL 60471
Senior Living
  • Utilities Included
close
View Me
Lansing Crossing, LLC
1 to 2 Bedroom Apartments

Lansing Crossing, LLC

18745 W Salem CtLansing, IL 60438
  • Utilities Included

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.

close
View Me
Central Park
1 to 3 Bedroom Apartments

Central Park

11 Fir StPark Forest, IL 60466
close
View Me
Village Crossing
2 Bedroom Apartments

Village Crossing

14729-14757 Homan AveMidlothian, IL 60445
  • Utilities Included

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. 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 ListingModel NameBed/BathPriced From
Crest ApartmentsStudioStudio,1BA$800
St James Senior ApartmentsOne Bedroom One Bath1BR,1BA$811
Carriage Creek Apartments1 bedroom2BR,1BA$1,025
Edenbridge ApartmentsSenior Living 1x11BR,1BA$1,150
Olympic Village ApartmentsThe Pine1BR,1BA$1,201
Dynasty House Apartments1 Bedroom UNIV1BR,1BA$1,240
Central Park1 Bedroom 1 Bath1BR,1BA$1,274
Bernice HomesTwo Bedroom home2BR,1BA$1,350
Westbridge Apartments1 Bed 1 Bath B Renovated1BR,1BA$1,375
Richton Trail2 Beds, 1 bath2BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Oakwood Townhomes3 Bedroom 1 Bath Townhouse3BR,1BA$1.35
Central Park1 Bedroom 1 Bath1BR,1BA$1.07
Heritage Manor1BR/1BATH1BR,1BA$1.53
St James Senior ApartmentsTwo Bedroom One Bath2BR,1BA$1.25
Park Towers Apartment HomesTwo Bedroom 2 Bath-910 sqft2BR,2BA$1.77
Carriage Creek Apartments2 bedroom2BR,1BA$1.42
21746 Jeffrey Avenue2 Bedroom 1 Bath Apartment2BR,1BA$1.58
Richton Trail2 Beds, 1 bath2BR,1BA$1.71
Bernice HomesTwo Bedroom home2BR,1BA$1.69
Dynasty House Apartments1 Bedroom UNIV1BR,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 Article
Decorative image

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 Article
Decorative image

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.

Read Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

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

Explore University Park, IL Rentals by Map

View Map
University Park, IL Apartments Map
View Map
University 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 $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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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.