Cheap Homes for Rent in University Village Neighborhood of Chicago, IL from $900 (60 Rentals)

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Search the lowest-cost Homes available for rent right now in the University Village 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

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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 ListingModel NameBed/BathPriced From
768 W. JacksonStudioStudio,1BA$1,295
1912 S Throop St2 Bed/1.5 Bath2BR,1BA$1,300
The DuncanM-A24 - 100% AMI AROStudio,1BA$1,495
The RosieA6 - ORIStudio,1BA$1,746

Best Value Apartments for Rent in University Village, IL

As of April 07, 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 ListingModel NameBed/BathPrice Per Sq.Ft.
903 W 19th St, Unit 3903 W 19th St4BR,1BA$1.39
229 S Racine Ave, Unit 1229 S Racine Ave2BR,2BA$1.87
229 S Racine Ave, Unit 1229 S Racine Ave2BR,2BA$1.87
917 S Laflin St, Unit Garden917 S Laflin St2BR,2BA$1.94
1115 W 18th Pl, Unit 11115 W 18th Pl2BR,1BA$2.00
1044 W 18th St, Unit 3M1044 W 18th St2BR,1BA$1.73
616 S Loomis St, Unit 3F616 S Loomis St2BR,1BA$1.74
1720 S Clinton St, Unit Coach House1720 S Clinton St1BR,1BA$2.00
1838 S May St, Unit Apt 2F1838 S May St2BR,1BA$1.93
618 S Racine Ave, Unit 104618 S Racine Ave1BR,1BA$1.40

Frequently Asked Questions about University Village

What type of rentals are currently available in University Village?

There are currently 551 Apartments for Rent in University Village, IL with pricing that ranges from $685 to $14,120. There are also 234 Single Family Homes for rent, Condos, and Townhome rentals currently available in University Village ranging from $900 to $8,000.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in University Village ranges from $900 to $8,000 with an average monthly rent of $2,985.

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

For those who are looking for larger living arrangements, Three Bedroom Apartments in University Village range from $1,025 to $7,195, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,050 to $8,000. Four Bedroom Single-Family rentals are also available starting from $2,500 and Four Bedroom Apartments start at $725.

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

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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.