Cheap Apartments for Rent in University Park, IL from $500 (16 Rentals)

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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.

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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.

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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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Autumn Ridge
Studio to 3 Bedroom Apartments

Autumn Ridge

119 E Sycamore DrPark Forest, IL 60466

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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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Cedar Ridge Apartments
1 to 3 Bedroom Apartments

Cedar Ridge Apartments

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

University Park, IL Local Guide

Cheapest Available University Park Apartments for Rent and Nearby

 

The cheapest available apartment rental in University Park, IL is a Studio unit found at Linden Park Apartments in the Downtown Park Forest neighborhood priced from $1,020. 136 E 155th St Harvey, IL 60426 in the College District neighborhood has the second lowest priced unit, which is a 3 Beds apartment currently listed from $1,105. Here is today’s list of the most affordable University Park apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Linden Park ApartmentsStudio AStudio,1BA$1,020
136 E 155th St Harvey, IL 604263 Bedroom 1 Bath Apartment3BR,1BA$1,105
Edenbridge ApartmentsED1.5991BR,1BA$1,150
ST JAMES SENIOR APARTMENTS2 BED 1 BATH2BR,1BA$1,159
Chelsea Garden1 Bed, 1 bath1BR,1BA$1,200

Best Value Apartments for Rent in University Park, IL and Nearby

As of March 12, 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 Mid-rise Model at Maple Leaf Apartments starting at $1,500 with a $1.59 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
Maple Leaf ApartmentsMid-rise2BR,1.5BA$1.59
ST JAMES SENIOR APARTMENTS2 BED 1 BATH2BR,1BA$1.25
Manchester Court Apartments2BR/1BA2BR,1BA$1.45
Cedar Ridge Apartments2 Bed 1 Bath2BR,1BA$1.72
21746 Jeffrey Avenue Sauk Village, IL 604112 Bedroom 1 Bath Apartment2BR,1BA$1.52
Dynasty House Apartments2 Bedroom UNIV2BR,1BA$1.63
Bernice HomesTwo Bedroom home2BR,1BA$1.69
136 E 155th St Harvey, IL 604263 Bedroom 1 Bath Apartment3BR,1BA$1.41
Central Park1 Bedroom 1 Bath1BR,1BA$1.71

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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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.

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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.

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

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Frequently Asked Questions about Cheap University Park Apartments

What is the Cheapest Studio apartment in University Park?

Currently the most affordable Cheap Studio Apartment in University Park is at Linden Park Apartments listed at $1,020.

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

The lowest price for a Cheap One Bedroom University Park Apartment is $1,130 at Linden Park 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 $1,159 at ST JAMES SENIOR 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 136 E 155th St Harvey, IL 60426 and starts from $1,105.

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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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.