Cheap Apartments for Rent in the Medical Village Neighborhood of Chicago, IL from $600 (48 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Medical Village area of Chicago.

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1810 S Throop St
1 Bedroom Apartments

1810 S Throop St

1810 S Throop StChicago, IL 60608
  • Utilities Included

Chicago's Best Affordable Neighborhoods

Learn about Chicago and the best places to live with original content written by our Chicago, IL Local Expert Nicole Harms

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1912 S Throop St
1 to 2 Bedroom Apartments

1912 S Throop St

1912 S Throop StChicago, IL 60608
  • Utilities Included
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The Oakley
2 Bedroom Apartments

The Oakley

1007-1011 S Oakley BlvdChicago, IL 60612
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Pilsen Apartments
2 to 3 Bedroom Apartments

Pilsen Apartments

2302 W 19th StChicago, IL 60608
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2303 W Cullerton St
3 Bedroom Apartments

2303 W Cullerton St

2303 W Cullerton StChicago, IL 60608
Furnished
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1603 S Wood St
1 Bedroom Apartments

1603 S Wood St

1603 S Wood StChicago, IL 60608
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1413 W Taylor St
3 Bedroom Apartments

1413 W Taylor St

1413 W Taylor StChicago, IL 60607
  • Utilities Included
  • Smoke Free
Showing Results 1-48, Page 1 of 1

Medical Village, Chicago, IL Local Guide

Cheapest Available Medical Village Apartments for Rent

 

The cheapest available apartment rental in the Medical Village area of Chicago, IL is a 4 Beds unit found at Addams Coliving priced from $1,255. Roosevelt Square has the second lowest priced unit, which is a Studio apartment currently listed from $1,450. Here are the most affordable Medical Village apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Addams ColivingUnit 2184BR,4BA$1,255
Roosevelt SquareStudioStudio,1BA$1,450
Bishop Street LoftsTwo Bedroom Loft2BR,1BA$1,800

Best Value Apartments for Rent in Medical Village, IL

As of May 10, 2025 the best value apartment in the Medical Village area is the $1.60 price per square foot 2 Bedroom Model at 1042 S Oakley Blvd Apartments in the in the Lower West Side neighborhood starting from $3,350. The second greatest value Medical Village apartment is the 2440 W Lexington St Model at 2440 W Lexington St, Unit 1 starting at $2,200 with a $1.38 price per square foot in the Near West Side neighborhood. Here is today’s list of the best values for Medical Village apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1042 S Oakley Blvd Apartments2 Bedroom2BR,2BA$1.60
2440 W Lexington St, Unit 12440 W Lexington St4BR,2BA$1.38
739 S Western Ave, Unit 3739 S Western Ave3BR,2BA$1.47
2430 W Taylor St, Unit 2nd Floor Unit2430 W Taylor St3BR,1BA$1.56
2717 W Congress Pky, Unit 22717 W Congress Pky3BR,2BA$1.26
2713 W Gladys Ave, Unit 12713 W Gladys Ave2BR,1BA$1.70
2713 W Gladys Ave, Unit 12713 W Gladys Ave2BR,1BA$1.79
2102 S Washtenaw Ave, Unit 2R2102 S Washtenaw Ave2BR,1BA$1.88
2610 W 23rd St, Unit First floor2610 W 23rd St2BR,1BA$1.75
618 S Racine Ave, Unit 104618 S Racine Ave1BR,1BA$1.40

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Pet Friendly Lifestyle
Medical Village, Chicago, IL

Ranked #155

Among neighborhoods in Chicago, IL for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap Medical Village Apartments

What is a cheap apartment in Medical Village?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Medical Village is under $1,800.

What is the price of a cheap apartment in Medical Village?

The cheapest apartment in Medical Village is Roosevelt Square which is listed at $1,650, while the average apartment in Medical Village costs $3,500.

What types of apartments are the cheapest in Medical Village?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 31 regular apartments in Medical Village that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Medical Village?

Cheap apartments in Medical Village have an average cost of $573 which is $2,927 cheaper than the average rent for all rentals in Medical Village.

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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A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago

Written by: Nicole Harms

I’m Nicole, your ApartmentHomeLiving.com Local Expert for Chicago, IL. As a resident of the Chicago area for over 20 years, I’ve learned which neighborhoods are great and which are best avoided.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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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.