Cheap Apartments for Rent in University Park, IL from $700 (13 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
Cedar Ridge Apartments
1 to 3 Bedroom Apartments

Cedar Ridge Apartments

950 Cedar Ridge LnRichton Park, IL 60471
Senior Living
Utilities inc.
close
View Me
Autumn Ridge
Studio to 3 Bedroom Apartments

Autumn Ridge

119 E Sycamore DrPark Forest, IL 60466

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 Crossroads Apartments in the Fairmeadow neighborhood priced from $750. Central Park Apartments & Townhomes in the Indian Hill neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,179. Here is today’s list of the most affordable University Park apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Crossroads ApartmentsStudio, 1 bathStudio,1BA$750
Central Park Apartments & Townhomes1 Bed 1 Bath A1BR,1BA$1,179
Maple Leaf ApartmentsMid-rise1BR,1BA$1,270
21746 Jeffrey Avenue2 Bedroom 1 Bath Apartment2BR,1BA$1,285
Richton Trail2 Beds, 1 bath2BR,1BA$1,300

Best Value Apartments for Rent in University Park, IL

As of February 26, 2025 the best value apartment in the University Park area is the $1.45 price per square foot 3 Bedroom Model at Oakwood Townhomes in the in the Indian Hill neighborhood starting from $1,950. The second greatest value University Park apartment is the The Willow Model at Olympic Village Apartments starting at $1,545 with a $1.41 price per square foot in the Indian Hill 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.
Oakwood Townhomes3 Bedroom3BR,1BA$1.45
Olympic Village ApartmentsThe Willow3BR,2BA$1.41
Westbridge Apartments2 Bed 2 Bath Renovated2BR,2BA$1.57
St James Senior ApartmentsTwo Bedroom One Bath2BR,1BA$1.62
7448 Sycamore CtOne Bed s1BR,1BA$1.55
Manchester Court Apartments2BR/1BA2BR,1BA$1.45
21746 Jeffrey Avenue2 Bedroom 1 Bath Apartment2BR,1BA$1.47
Richton Trail2 Beds, 1 bath2BR,1BA$1.62
Arbors at Hickory CreekAspen1BR,1BA$1.68
Barberry Apartments2 Bed2BR,1BA$1.62

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore University Park, IL Rentals by Map

View MapUniversity Park, IL Apartments MapView MapUniversity Park, IL Rental Homes Map

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

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 Crossroads 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 Crossroads 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 $970 at Crossroads 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 Crossroads Apartments and starts from $1,325.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

decorative image for What to Know About Fees and Fines When Renting article

What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit  article

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.

decorative image for Signing Your Apartment Lease: The Basics article

Signing Your Apartment Lease: The Basics

Written by: Trey Huguley

When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.