Cheap Homes for Rent in University Park, IL from $900 (9 Rentals)

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Cheap Homes in University Park.

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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property at 6 Thomas Ct

6 Thomas Ct

Richton ParkIL60471

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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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 Crest Apartments in the Downtown Park Forest neighborhood priced from $750. Chelsea Garden in the Fairmeadow neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $900. Here is today’s list of the most affordable University Park apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Crest ApartmentsStudioStudio,1BA$750
Chelsea GardenStudio, 1 bathStudio,1BA$900
St James Senior ApartmentsOne Bedroom One Bath1BR,1BA$974

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

As of May 05, 2025 the best value apartment in the University Park area is the $1.14 price per square foot 2 Bedroom Model at Oakwood Townhomes in the in the Indian Hill neighborhood starting from $1,510. The second greatest value University Park apartment is the 2 Bed 1 Bath Townhouse W/D Model at Central Park Apartments & Townhomes starting at $1,590 with a $1.20 price per square foot in the Indian Hill 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 Townhomes2 Bedroom2BR,1BA$1.14
Central Park Apartments & Townhomes2 Bed 1 Bath Townhouse W/D2BR,1BA$1.20
Carriage Creek Apartments1 bedroom2BR,1BA$1.26
7448 Sycamore CtOne Bed s1BR,1BA$1.55
Cedar Ridge Apartments2 Bed 1 Bath2BR,1BA$1.58
Maple Leaf ApartmentsGarden Upgraded1BR,1BA$1.70
Bernice HomesTwo Bedroom home2BR,1BA$1.69
St James Senior ApartmentsOne Bedroom One Bath1BR,1BA$1.27
Manchester Court Apartments1 BR/ 1 BA1BR,1BA$1.70
Crest ApartmentsStudioStudio ,1BA$1.67

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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 $750 to $6,127. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in University Park ranging from $900 to $3,500.

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 $900 to $3,500 with an average monthly rent of $1,936.

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 $1,388 to $6,127, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $2,900. Four Bedroom Single-Family rentals are also available starting from $2,250 and Four Bedroom Apartments start at $3,705.

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.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.