
Cheap Homes for Rent in University Park, IL from $900 (15 Rentals)
Search the lowest-cost Homes available for rent right now in University Park.


3351 Commercial Ave

15 E 21st St

4061 Charleston Rd

3002 Green St
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.

61 Meadowlark Ln

41 Indianwood Blvd

28 Apple Ln

73 Meadowlark Ln

22405 Thomas Dr
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.

15 Indianwood Blvd

537 Andover St

3 Swan Ln

8 Drake Ln

17 Meadowlark Ln
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 a home in University Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| University Park 2 Bedroom Homes for Rent | $1,683 | $1,500 | $2,400 |
| University Park 3 Bedroom Homes for Rent | $2,080 | $1,500 | $3,000 |
| University Park 4 Bedroom Homes for Rent | $2,042 | $1,860 | $2,350 |
Browse Top Homes for Rent in University Park
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University Park, IL Local Guide
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Cheapest Available University Park Apartments for Rent and Nearby
 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 |
| 136 E 155th St Harvey, IL 60426 | 3 Bedroom 1 Bath Apartment | 3BR,1BA | $1,105 |
| Carriage Creek Apartments | 1 Bed 1 Bath Mid-Rise B | 1BR,1BA | $1,120 |
Best Value Apartments for Rent in University Park, IL and Nearby
As of January 28, 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 |
| 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 |
| Carriage Creek Apartments | 1 Bed 1 Bath Mid-Rise B | 1BR,1BA | $1.63 |
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?
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.
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 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 $553 to $3,719. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in University Park ranging from $950 to $3,000.
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 $3,000 with an average monthly rent of $1,561.
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.