Cheap Apartments for Rent in University Park, IL from $700 (18 Rentals)

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Cheap Apartments 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

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Autumn Ridge
Studio to 3 Bedroom Apartments

Autumn Ridge

119 E Sycamore DrPark Forest, IL 60466
property at 6 Thomas Ct

6 Thomas Ct

Richton ParkIL60471

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

University Park, IL Local Guide

Cheapest Available University Park Apartments for Rent and Nearby

 

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
Carriage Creek Apartments2 bedroom2BR,1BA$1,025
Manchester Court Apartments1 BR/ 1 BA1BR,1BA$1,105

Best Value Apartments for Rent in University Park, IL and Nearby

As of May 09, 2025 the best value apartment in the University Park area is the $1.35 price per square foot 3 Bedroom Model at Oakwood Townhomes in the in the Indian Hill neighborhood starting from $1,820. The second greatest value University Park apartment is the 2 Bed 1 Bath Townhouse W/D Model at Central Park Apartments & Townhomes starting at $1,600 with a $1.21 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$1.35
Central Park Apartments & Townhomes2 Bed 1 Bath Townhouse W/D2BR,1BA$1.21
Carriage Creek Apartments1 bedroom2BR,1BA$1.26
Park Towers Apartment HomesTwo Bedroom 2 Bath-910 sqft2BR,2BA$1.81
7448 Sycamore CtOne Bed s1BR,1BA$1.55
Bernice HomesTwo Bedroom home2BR,1BA$1.69
St James Senior ApartmentsOne Bedroom One Bath1BR,1BA$1.27
Olympic Village ApartmentsThe Pine1BR,1BA$1.74
Manchester Court Apartments1 BR/ 1 BA1BR,1BA$1.70
Crest ApartmentsStudioStudio ,1BA$1.67

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

Explore University Park, IL Rentals by Map

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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

Frequently Asked Questions about Cheap University Park Apartments

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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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.