3484 Western Ave
Park ForestIL60466
Cheap Homes for Rent in University Park, IL from $1,300 (18 Rentals)
Search the lowest-cost Homes available for rent right now in University Park.
42 Swan Ln
BeecherIL60401
169 E 23rd St
Chicago HeightsIL60411
41 E Main St
Chicago HeightsIL60411
73 Meadowlark Ln
BeecherIL60401
43 Swan Ln
BeecherIL60401
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
8 Drake Ln
BeecherIL60401
3 Swan Ln
BeecherIL60401
140 Flamingo Dr
BeecherIL60401
3135 Chicago Rd
StegerIL60475
444 W Hickory St
Chicago HeightsIL60411
45 Swan Ln
BeecherIL60401
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.
17 Meadowlark Ln
BeecherIL60401
43 Partridge Ln
BeecherIL60401
1337 Lincoln Ave
CreteIL60417
41 W 14th Pl
Chicago HeightsIL60411
5104 Augusta Blvd
MoneeIL60449
1631 Buena Vista Ave
Chicago HeightsIL60411
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.
Showing Results 1-18, Page 1 of 1
University Park, IL Local Guide
Sunny Illinois field by shawn xu is licensed under CC BY 2.0
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 | $1,808 | $1,550 | $2,200 |
| University Park 3 Bedroom Homes for Rent | $2,070 | $1,540 | $2,900 |
| University Park 4 Bedroom Homes for Rent | $2,795 | $1,900 | $4,500 |
| University Park 5 Bedroom Homes for Rent | $2,550 | $2,550 | $2,550 |
Browse Top Homes for Rent in University Park
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University Park, IL Local Guide
- Nearby Cities
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Cheapest Available University Park Apartments for Rent and Nearby
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. Linden Park Apartments in the Downtown Park Forest neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,050. 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 |
| Linden Park Apartments | Studio A | Studio,1BA | $1,050 |
| ST JAMES SENIOR APARTMENTS | 2 BED 1 BATH | 2BR,1BA | $1,159 |
| Thornwood Apartments | 2x1 853 | 2BR,1BA | $1,175 |
| Chelsea Garden | 1 Bed, 1 bath | 1BR,1BA | $1,200 |
Best Value Apartments for Rent in University Park, IL and Nearby
As of June 23, 2026 the best value apartment in the University Park area is the $1.53 price per square foot 1BR/1BATH Model at Heritage Manor in the in the Meadow Park neighborhood starting from $1,450. The second greatest value University Park apartment is the 2 BED 1 BATH Model at ST JAMES SENIOR APARTMENTS starting at $1,159 with a $1.25 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Heritage Manor | 1BR/1BATH | 1BR,1BA | $1.53 |
| ST JAMES SENIOR APARTMENTS | 2 BED 1 BATH | 2BR,1BA | $1.25 |
| Olympic Village Apartments | The Maple | 2BR,1BA | $1.60 |
| Cedar Ridge Apartments | 2 Bed 1 Bath | 2BR,1BA | $1.72 |
| Thornwood Apartments | 2x1 853 | 2BR,1BA | $1.38 |
| Maple Leaf Apartments | Garden | 1BR,1BA | $1.66 |
| Bernice Homes | Two Bedroom home | 2BR,1BA | $1.69 |
| Westbridge Apartments | 1 Bed 1 Bath B Renovated | 1BR,1BA | $1.77 |
| Carriage Creek Apartments | 1 Bed 1 Bath Garden B | 1BR,1BA | $1.81 |
| Crest Apartments | Studio | Studio ,1BA | $1.78 |
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
Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick 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.
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Explore University Park, IL Rentals by Map
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 59 Apartments for Rent in University Park, IL with pricing that ranges from $553 to $3,653. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in University Park ranging from $1,300 to $4,500.
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 $1,300 to $4,500 with an average monthly rent of $2,104.
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
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.