Cheap Homes for Rent in Medical Village Neighborhood of Chicago, IL from $800 (64 Rentals)

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

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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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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property at 1316 W 18th St

1316 W 18th St

ChicagoIL60608
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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 4 Beds unit found at Addams Coliving priced from $1,250. 1912 S Throop St has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,300. Here are the most affordable Medical Village apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Addams ColivingUnit 2074BR,4BA$1,250
1912 S Throop St2 Bed/1.5 Bath2BR,1BA$1,300
Roosevelt SquareStudioStudio,1BA$1,450

Best Value Apartments for Rent in Medical Village, IL

As of April 30, 2025 the best value apartment in the Medical Village area is the $1.36 price per square foot 3 Bedroom Model at 1042 S Oakley Blvd Apartments in the in the Lower West Side neighborhood starting from $4,075. 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.
1042 S Oakley Blvd Apartments3 Bedroom3BR,2.5BA$1.36
739 S Western Ave, Unit 3739 S Western Ave3BR,2BA$1.47
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
2312 W Cullerton St, Unit GRD2312 W Cullerton St1BR,1BA$1.56
1834 S Blue Island Ave, Unit 31834 S Blue Island Ave1BR,1BA$1.56
2610 W 23rd St, Unit First floor2610 W 23rd St2BR,1BA$1.75
1901 S Allport St, Unit 2F1901 S Allport St2BR,1BA$1.88
618 S Racine Ave, Unit 104618 S Racine Ave1BR,1BA$1.40

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Frequently Asked Questions about Medical Village

What type of rentals are currently available in Medical Village?

There are currently 479 Apartments for Rent in Medical Village, IL with pricing that ranges from $685 to $18,296. There are also 141 Single Family Homes for rent, Condos, and Townhome rentals currently available in Medical Village ranging from $850 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 $850 to $4,895 with an average monthly rent of $2,391.

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 $875 to $16,705, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,600 to $4,895. Four Bedroom Single-Family rentals are also available starting from $2,600 and Four Bedroom Apartments start at $800.

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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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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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.