Cheap Homes for Rent in Medical Village Neighborhood of Chicago, IL from $600 (33 Rentals)

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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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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 2 Beds unit found at 1912 S Throop St priced from $1,300. The Rosie has the second lowest priced unit, which is a Studio apartment currently listed from $1,746. Here are the most affordable Medical Village apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
1912 S Throop St2 Bed/1.5 Bath2BR,1BA$1,300
The RosieA6 - ORIStudio,1BA$1,746
Bishop Street LoftsTwo Bedroom Loft2BR,1BA$1,800
2026 S Washtenaw2BR/1.0BA2BR,1BA$1,895

Best Value Apartments for Rent in Medical Village, IL

As of March 28, 2025 the best value apartment in the Medical Village area is the $1.94 price per square foot 917 S Laflin St Model at 917 S Laflin St, Unit Garden in the in the University Village neighborhood starting from $3,000. The second greatest value Medical Village apartment is the 739 S Western Ave Model at 739 S Western Ave, Unit 3 starting at $2,200 with a $1.47 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.
917 S Laflin St, Unit Garden917 S Laflin St2BR,2BA$1.94
739 S Western Ave, Unit 3739 S Western Ave3BR,2BA$1.47
812 S Oakley Blvd, Unit 2812 S Oakley Blvd3BR,2.5BA$2.02
2632 W 21st St, Unit 12632 W 21st St3BR,2BA$1.72
2722 W Jackson Blvd, Unit A02C2722 W Jackson Blvd3BR,2BA$1.62
2713 W Gladys Ave, Unit 12713 W Gladys Ave2BR,1BA$1.80
850 N Leavitt850 N Leavitt2BR,1BA$2.05
2713 W Gladys Ave, Unit 12713 W Gladys Ave2BR,1BA$1.89
Bishop Street LoftsOne Bedroom1BR,1BA$2.11
1912 S Throop St2 Bed/1.5 Bath2BR,1.5BA$2.05

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Frequently Asked Questions about Medical Village

What type of rentals are currently available in Medical Village?

There are currently 489 Apartments for Rent in Medical Village, IL with pricing that ranges from $893 to $17,175. There are also 118 Single Family Homes for rent, Condos, and Townhome rentals currently available in Medical Village ranging from $650 to $4,895.

What is the current price range for Rental Homes in Medical Village?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Medical Village ranges from $650 to $4,895 with an average monthly rent of $1,937.

How much are larger Three and Four Bedroom Rentals in Medical Village?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Medical Village range from $1,263 to $16,705, while Three Bedroom Homes, Condos, and Townhomes for rent range from $650 to $4,895. Four Bedroom Single-Family rentals are also available starting from $700 and Four Bedroom Apartments start at $1,175.

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.

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

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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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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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.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.