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Cheap Apartments for Rent in the University Village Neighborhood of Chicago, IL from $700 (50 Rentals)
Search the lowest-cost Apartments available for rent right now in the University Village area of Chicago.
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1816 S Bishop St
ChicagoIL60608
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from $1,4452 Bedroom Apartment Available Now
1838 S May St, Unit Apt 2F
1838 S May StChicago, IL 60608
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from $1,5001 Bedroom Apartment Available Now
1615 S Morgan St, Unit 1F
1615 S Morgan StChicago, IL 60608
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from $1,5001 Bedroom Apartment Available Now
1720 S Clinton St, Unit Coach House
1720 S Clinton StChicago, IL 60616
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Rent Specials
from $1,597Studio to 1 Bedroom Apartments Available Now
The Duncan
1515 W Monroe StChicago, IL 60607
1323 W 18th St
ChicagoIL60608
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from $1,6502 Bedroom Apartment Available May 31
1653 S Throop St, Unit 2R
1653 S Throop StChicago, IL 60608
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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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from $1,746Studio to 2 Bedroom Apartments Available Now
The Rosie
1461 S Blue Island AveChicago, IL 60608
811 S Bishop St
ChicagoIL60607
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from $1,7502 Bedroom Apartment Available May 1
1316 W 18th St, Unit 2S
1316 W 18th StChicago, IL 60608
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from $1,776Studio Apartment Available Now
1270 S Blue Island Ave, Unit 1
1270 S Blue Island AveChicago, IL 60608
907 S Loomis St
ChicagoIL60607
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from $1,8001 to 2 Bedroom Apartments Available Now
Bishop Street Lofts
1822-1834 S Bishop StChicago, IL 60608
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from $1,850Studio Apartment Available Now
1708 S Carpenter St, Unit 4
1708 S Carpenter StChicago, IL 60608
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from $1,8502 Bedroom Apartment Available Now
1702 S Morgan St, Unit 2R
1702 S Morgan StChicago, IL 60608
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from $1,920Studio to 2 Bedroom Apartments Available Now
Scio at the Medical District
901 S Ashland AveChicago, IL 60607
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from $1,970Studio to 1 Bedroom Apartments Available Now
The Jax
1220 W Jackson BlvdChicago, IL 60607
1450 W 18th St
ChicagoIL60608
1921 W 21st St
ChicagoIL60608
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1 to 2 Bedroom Apartments
Roosevelt Place Senior Apartments
1401-1431 W Roosevelt RdChicago, IL 60608
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Showing Results 1-50, Page 1 of 1
University Village, Chicago, IL Local Guide
How much does it cost to rent an apartment in University Village?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| University Village Studio Apartments | $2,316 | $1,295 | $6,123 |
| University Village 1 Bedroom Apartments | $3,162 | $1,350 | $7,294 |
| University Village 2 Bedroom Apartments | $3,749 | $1,300 | $10,000+ |
| University Village 3 Bedroom Apartments | $3,765 | $1,985 | $7,195 |
| University Village 4 Bedroom Apartments | $1,668 | $1,175 | $5,050 |
Browse Apartments in this Neighborhood
There are currently 50 rentals with your search options within a 1 mile radius of the University Village Neighborhood of Chicago, IL.
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Cheapest Available University Village Apartments for Rent
The cheapest available apartment rental in the University Village area of Chicago, IL is a Studio unit found at 768 W. Jackson priced from $1,295. 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 University Village apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 768 W. Jackson | Studio | Studio,1BA | $1,295 |
| 1912 S Throop St | 2 Bed/1.5 Bath | 2BR,1BA | $1,300 |
| The Duncan | M-A24 - 100% AMI ARO | Studio,1BA | $1,597 |
| The Rosie | A6 - ORI | Studio,1BA | $1,746 |
Best Value Apartments for Rent in University Village, IL
As of March 30, 2025 the best value apartment in the University Village area is the $1.39 price per square foot 903 W 19th St Model at 903 W 19th St, Unit 3 in the in the University Village neighborhood starting from $2,500. The second greatest value University Village apartment is the 229 S Racine Ave Model at 229 S Racine Ave, Unit 1 starting at $2,995 with a $1.87 price per square foot in the West Loop neighborhood. Here is today’s list of the best values for University Village apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 903 W 19th St, Unit 3 | 903 W 19th St | 4BR,1BA | $1.39 |
| 229 S Racine Ave, Unit 1 | 229 S Racine Ave | 2BR,2BA | $1.87 |
| 229 S Racine Ave, Unit 1 | 229 S Racine Ave | 2BR,2BA | $1.87 |
| 917 S Laflin St, Unit Garden | 917 S Laflin St | 2BR,2BA | $1.94 |
| 1016 W Cullerton St | 1016 W Cullerton St | 2BR,1BA | $1.33 |
| 1044 W 18th St, Unit 3M | 1044 W 18th St | 2BR,1BA | $1.73 |
| 1615 S Morgan St, Unit 1F | 1615 S Morgan St | 1BR,1BA | $1.88 |
| 1838 S May St, Unit Apt 2F | 1838 S May St | 2BR,1BA | $1.93 |
| 1720 S Clinton St, Unit Coach House | 1720 S Clinton St | 1BR,1BA | $2.00 |
| 1912 S Throop St | 2 Bed/1.5 Bath | 2BR,1.5BA | $2.05 |
Getting Around the University Village Neighborhood in Chicago, IL
Walk Score®
87 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
94 / 100
Biker's Paradise
Daily errands can be accomplished on a bike
Transit Score®
69 / 100
Good Transit
Many nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap University Village Apartments
What is a cheap apartment in University Village?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in University Village is under $1,746.
What is the price of a cheap apartment in University Village?
The cheapest apartment in University Village is Bishop Street Lofts which is listed at $1,950, while the average apartment in University Village costs $5,525.
What types of apartments are the cheapest in University 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 59 regular apartments in University 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 University Village?
Cheap apartments in University Village have an average cost of $566 which is $4,959 cheaper than the average rent for all rentals in University 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.
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.
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.
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.
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.