Cheap Apartments for Rent in University Park, IL from $700 (22 Rentals)

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Search the lowest-cost Apartments available for rent right now in University Park.

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Richton Square Apartments
1 to 2 Bedroom Apartments

Richton Square Apartments

22300 Richton Square RdRichton Park, IL 60471
  • Utilities Included
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Cedar Ridge Apartments
1 to 3 Bedroom Apartments

Cedar Ridge Apartments

950 Cedar Ridge LnRichton Park, IL 60471
Senior Living
  • Utilities Included
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Autumn Ridge
Studio to 3 Bedroom Apartments

Autumn Ridge

119 E Sycamore DrPark Forest, IL 60466
property at 29837 IL-50

29837 IL-50

PeotoneIL60468
Showing Results 1-22, Page 1 of 1

University Park, IL Local Guide

Cheapest Available University Park Apartments for Rent

 

The cheapest available apartment rental in University Park, IL is a Studio unit found at Crest Apartments in the Downtown Park Forest neighborhood priced from $750. Chelsea Garden in the Fairmeadow neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $900. Here is today’s list of the most affordable University Park apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Crest ApartmentsStudioStudio,1BA$750
Chelsea GardenStudio, 1 bathStudio,1BA$900
St James Senior ApartmentsOne Bedroom One Bath1BR,1BA$974
Linden Park ApartmentsStudio AStudio,1BA$975
Carriage Creek Apartments2 bedroom2BR,1BA$1,025

Best Value Apartments for Rent in University Park, IL

As of April 06, 2025 the best value apartment in the University Park area is the $1.54 price per square foot 5308 W Orchard Trail Model at 5308 W Orchard Trail in the in the University Park neighborhood starting from $3,820. The second greatest value University Park apartment is the 1 bedroom Model at Carriage Creek Apartments starting at $1,250 with a $1.26 price per square foot in the Lincoln Station neighborhood. Here is today’s list of the best values for University Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
5308 W Orchard Trail5308 W Orchard Trail4BR,2.5BA$1.54
Carriage Creek Apartments1 bedroom2BR,1BA$1.26
Manchester Court Apartments2BR/1BA2BR,1BA$1.45
7448 Sycamore CtOne Bed s1BR,1BA$1.55
Maple Leaf ApartmentsGarden Upgraded1BR,1BA$1.70
Richton Trail2 Beds, 1 bath2BR,1BA$1.62
Bernice HomesTwo Bedroom home2BR,1BA$1.69
Arbors at Hickory CreekAspen1BR,1BA$1.49
St James Senior ApartmentsOne Bedroom One Bath1BR,1BA$1.27
Crest ApartmentsStudioStudio ,1BA$1.67

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Getting Around University Park, IL

Walk Score®

11 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

29 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

1 / 100

Minimal Transit

It may be possible to get on a bus

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 Park Apartments

What is the Cheapest Studio apartment in University Park?

Currently the most affordable Cheap Studio Apartment in University Park is at Crest Apartments listed at $750.

How much is rent for a Cheap One Bedroom University Park Apartment?

The lowest price for a Cheap One Bedroom University Park Apartment is $825 at Crest Apartments.

What is the lowest price for a Cheap Two Bedroom University Park Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in University Park is starting from $1,025 at Carriage Creek Apartments.

What is the most affordable University Park Three Bedroom Apartment?

The best deal on a cheap University Park Three Bedroom Apartment rental is at Olympic Village Apartments and starts from $1,545.

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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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.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.