
Cheap Apartments for Rent in University Park, IL from $500 (18 Rentals)
Search the lowest-cost Apartments available for rent right now in University Park.


ST JAMES SENIOR APARTMENTS

Crest Apartments

The Shields

Thornwood Apartments

Linden Park 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.

Carriage Creek Apartments

Manchester Court Apartments

Edenbridge Apartments

Barberry Apartments

Chelsea Garden

The Residences at Carriage Creek
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.

Richton Square Apartments

3353 Commercial Ave

Autumn Ridge

3351 Commercial Ave

136 E 155th St Harvey, IL 60426

Cedar Ridge Apartments
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 | $965 | $800 | $1,060 |
| Cheap University Park 1 Bedroom Apartments | $1,388 | $553 | $3,176 |
| Cheap University Park 2 Bedroom Apartments | $1,751 | $979 | $3,301 |
| Cheap University Park 3 Bedroom Apartments | $2,400 | $1,437 | $3,767 |
| Cheap University Park 4 Bedroom Apartments | $16,642 | $10,000 | $10,000+ |
Browse Top Apartments in University Park
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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 1 Bed unit found at ST JAMES SENIOR APARTMENTS in the University Park neighborhood priced from $553. The Shields has the second lowest priced unit, which is a 2 Beds apartment currently listed from $979. Here is today’s list of the most affordable University Park apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| ST JAMES SENIOR APARTMENTS | 1 BED 1 BATH | 1BR,1BA | $553 |
| The Shields | 2 Bedroom | 2BR,1BA | $979 |
| Linden Park Apartments | Studio A | Studio,1BA | $1,000 |
| Carriage Creek Apartments | 1 bedroom | 2BR,1BA | $1,025 |
| 136 E 155th St Harvey, IL 60426 | 3 Bedroom 1 Bath Apartment | 3BR,1BA | $1,105 |
Best Value Apartments for Rent in University Park, IL
As of January 25, 2026 the best value apartment in the University Park area is the $1.44 price per square foot 3 Bedroom 1 Bath Townhouse Model at Central Park in the in the Lincoln Station neighborhood starting from $1,939. The second greatest value University Park apartment is the 2BR Model at Edgewater Walk Apartments starting at $1,450 with a $1.28 price per square foot in the Barrett Brothers 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. |
|---|---|---|---|
| Central Park | 3 Bedroom 1 Bath Townhouse | 3BR,1BA | $1.44 |
| Edgewater Walk Apartments | 2BR | 2BR,2BA | $1.28 |
| 818 Sandra Dr, Unit 818 Sandra Dr | 818 Sandra Dr | 2BR,1.5BA | $1.45 |
| The Shields | 2 Bedroom | 2BR,1BA | $1.00 |
| ST JAMES SENIOR APARTMENTS | 2 BED 1 BATH | 2BR,1BA | $1.25 |
| Manchester Court Apartments | 2BR/1BA | 2BR,1BA | $1.45 |
| Carriage Creek Apartments | 2 bedroom | 2BR,1BA | $1.42 |
| Maple Leaf Apartments | Garden | 1BR,1BA | $1.64 |
| Bernice Homes | Two Bedroom home | 2BR,1BA | $1.69 |
| 136 E 155th St Harvey, IL 60426 | 3 Bedroom 1 Bath Apartment | 3BR,1BA | $1.41 |
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 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 ArticleCash 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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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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
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 $1,000.
How much is rent for a Cheap One Bedroom University Park Apartment?
The lowest price for a Cheap One Bedroom University Park Apartment is $553 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 $979 at The Shields.
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

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.

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.

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.

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.