
Cheap Homes for Rent in University Park, IL from $900 (11 Rentals)
Search the lowest-cost Homes available for rent right now in University Park.


1235 Columbia St

90 28th St

4061 Charleston Rd

4061 Charleston Rd
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.

23622 S Ashland Ave

910 Morningside Ln

3719 216th Pl

603 Brookline St

305 Meota St
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.

21 Indianwood Blvd
University Park, IL Local Guide

How much does it cost to rent a home in University Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| University Park 2 Bedroom Homes for Rent | $1,569 | $1,100 | $2,090 |
| University Park 3 Bedroom Homes for Rent | $2,130 | $1,500 | $2,815 |
| University Park 4 Bedroom Homes for Rent | $2,353 | $1,950 | $2,700 |
| University Park 5 Bedroom Homes for Rent | $2,500 | $2,500 | $2,500 |
Browse Top Homes for Rent in University Park
Explore 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 |
Best Value Apartments for Rent in University Park, IL
As of October 24, 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!
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See the most popular apartments and homes in University Park, IL
Frequently Asked Questions about University Park
What type of rentals are currently available in University Park?
There are currently 61 Apartments for Rent in University Park, IL with pricing that ranges from $800 to $8,274. There are also 49 Single Family Homes for rent, Condos, and Townhome rentals currently available in University Park ranging from $950 to $2,815.
What is the current price range for Rental Homes in University Park?
Today's rental pricing for Homes for Rent, Condos and Townhomes in University Park ranges from $950 to $2,815 with an average monthly rent of $1,900.
How much are larger Three and Four Bedroom Rentals in University Park?
For those who are looking for larger living arrangements, Three Bedroom Apartments in University Park range from $1,437 to $3,687, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $2,815. Four Bedroom Single-Family rentals are also available starting from $1,950 and Four Bedroom Apartments start at $8,274.
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.