Cheap Apartments for Rent in the University Village Little Italy Neighborhood of Chicago, IL from $1,100 (10 Rentals)

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

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

University Village Little Italy, Chicago, IL Local Guide

Cheapest Available University Village Little Italy Apartments for Rent

 

The cheapest available apartment rental in the University Village Little Italy area of Chicago, IL is a Studio unit found at The Rosie priced from $1,147. MILA has the second lowest priced unit, which is a Studio apartment currently listed from $2,245. Here are the most affordable University Village Little Italy apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
The RosieA2 - 60% AMI AROStudio,1BA$1,147
MILASAStudio,1BA$2,245
Shoreham and TidesCONVERTIBLE 17- THE SHOREHAM1BR,1BA$2,372

Best Value Apartments for Rent in University Village Little Italy, IL

As of March 21, 2025 the best value apartment in the University Village Little Italy area is the $3.70 price per square foot D1 Model at Sentral Michigan Avenue in the in the Near South Side neighborhood starting from $8,514. The second greatest value University Village Little Italy apartment is the 5bd 3 Ba Model at 1120 W Polk St starting at $6,200 with a $2.70 price per square foot in the University Village neighborhood. Here is today’s list of the best values for University Village Little Italy apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Sentral Michigan AvenueD14BR,3BA$3.70
1120 W Polk St5bd 3 Ba5BR,3BA$2.70
The 808 Cleveland3 Bed 3 Bath-PH3BR,3BA$3.41
The Residences at NewCityPlan 2A2BR,2BA$4.10
Post2 Bed 2 Bath - 852 sqft2BR,2BA$4.12
JeffJack ApartmentsOne Bed 151BR,1BA$3.81
180 North JeffersonC4 - 07Studio ,1BA$3.58
MILASAStudio ,1BA$4.16
1270 S Blue Island Ave, Unit 11270 S Blue Island AveStudio ,1BA$3.90
The RosieA6 - ORIStudio ,1BA$3.79

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Pet Friendly Lifestyle
University Village Little Italy, Chicago, IL

Ranked #64

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Frequently Asked Questions about Cheap University Village Little Italy Apartments

What is a cheap apartment in University Village Little Italy?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in University Village Little Italy is under $3,509.

What is the price of a cheap apartment in University Village Little Italy?

The cheapest apartment in University Village Little Italy is Shoreham and Tides which is listed at $2,372, while the average apartment in University Village Little Italy costs $4,850.

What types of apartments are the cheapest in University Village Little Italy?

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 835 regular apartments in University Village Little Italy 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 University Village Little Italy?

Cheap apartments in University Village Little Italy have an average cost of $1,137 which is $3,713 cheaper than the average rent for all rentals in University Village Little Italy.

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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