Average Rent in University Village - Little Italy, Chicago, IL

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Current Versus Historical University Village - Little Italy, Chicago, IL Rents

University Village - Little Italy rentals average $0 for a studio rental to $2,950 for a 3-bedroom rental. The median price of all currently available listings is $2,500, or roughly $2 per square feet.

For the apartment units and housing in April 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $160 (10.48%) year-over-year from $1,528 to $1,688. 1-bedroom rentals prices have increased by $14 (0.78%) year-over-year from $1,836 to $1,850. 2-bedroom rentals prices have decreased by $231 (-9.51%) year-over-year from $2,431 to $2,200. 3-bedroom rentals prices have increased by $860 (33.86%) year-over-year from $2,540 to $3,400. 4-bedroom rentals prices have increased by $568 (15.62%) year-over-year from $3,633 to $4,200. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 10.27% this month. 1-bedroom rents have gone up by 5.26% this month. 2-bedroom rents have gone down by 4.56% this month. 3-bedroom rents have gone up by 2.00% this month. 4-bedroom rents have gone up by 3.28% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$2.63	$1,850	$1,836 (0.78%)	$1,633 (13.30%)
2 BR	$2.32	$2,200	$2,431 (-9.51%)	$2,037 (7.98%)
3 BR	$2.13	$3,400	$2,540 (33.86%)	$2,400 (41.67%)

Historical Rents in University Village - Little Italy, Chicago, IL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near University Village - Little Italy

There are a total of 6 cities nearby University Village - Little Italy. The average rent in University Village - Little Italy is currently $2,225 per month. A total of 5 cities nearby have an average rent lower than that. Our records show that Evanston, IL, with an average rent of $1,955, is the most affordable city nearby. In contrast, the most expensive city near University Village - Little Italy, Chicago, IL is Naperville, IL. Monthly rents here are on average $2,850 per month.

Let's compare University Village - Little Italy, Chicago, IL's rent against other top cities nearby by bedroom size. One bedrooms are about 12.91% more expensive. Two bedrooms in University Village - Little Italy, Chicago, IL are about 10.00% more expensive. Finally, rent for three bedrooms are about 6.84% more expensive. Want more information? Check out the top 6 cities near University Village - Little Italy, Chicago, IL in the following chart.

City	Studio	1 Bed	2 Bed	All
Evanston, IL	$1,185	$1,650	$2,150	$1,955
Chicago, IL	$1,350	$1,790	$2,300	$2,035
Schaumburg, IL	N/A	$1,995	$2,350	$2,100
Wheaton, IL	N/A	$1,965	$2,350	$2,350
Aurora, IL	N/A	$1,300	$2,000	$2,373
Naperville, IL	N/A	$1,650	$2,200	$2,850

Top Neighborhoods Near University Village - Little Italy

There are a total of 13 neighborhoods in or near University Village - Little Italy. Some of these neighborhoods include Edgewater, Uptown, and Rogers Park. We've included all of these top 13 neighborhoods in or near University Village - Little Italy, Chicago, IL in the following chart.

The average rent for these 13 neighborhoods in or near University Village - Little Italy, Chicago, IL is currently around $1,850 per month. A total of 11 neighborhoods have a lower average rent. Meaning, only two neighborhoods have a higher average rent than $1,850. Out of all the neighborhoods in or near University Village - Little Italy, Edgewater has the most affordable average rent at $1,550 per month. Whereas, at $2,809 average rent per month, South Loop is the most expensive neighborhood in or near University Village - Little Italy. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Edgewater, Chicago, IL	$1,120	$1,550	$2,200	$1,550
Uptown, Chicago, IL	$1,100	$1,600	$2,595	$1,600
Rogers Park, Chicago, IL	$1,125	$1,375	$1,850	$1,600
Ravenswood, Chicago, IL	$1,210	$1,595	$2,650	$1,648
West Rogers Park, Chicago, IL	$1,200	$1,350	$1,800	$1,698
Albany Park, Chicago, IL	$1,048	$1,420	$1,925	$1,800
Lincoln Park, Chicago, IL	$1,390	$1,875	$2,795	$1,850
Logan Square, Chicago, IL	$1,250	$1,795	$2,000	$1,895
Lakeview, Chicago, IL	$1,345	$1,895	$2,590	$2,095
Hyde Park, Chicago, IL	$1,250	$1,695	$1,899	$2,325
DePaul, Chicago, IL	$1,665	$2,290	$2,400	$2,395
Near North Side, Chicago, IL	$1,855	$2,399	$3,500	$2,569
South Loop, Chicago, IL	$1,575	$2,248	$3,000	$2,809

Top Counties Near University Village - Little Italy

There are a total of 13 counties located by University Village - Little Italy, Chicago, IL. Some of these counties include Evanston, IL, Chicago, IL, and Schaumburg, IL. The average rent for rentals in these counties is $2,141. That's roughly around $2 per sqft. A total of 5 counties have a lower average rent. The county that is the most affordable is Evanston, IL. It's average rent per month is $1,955. Vice versa, with an average rent of $2,700, Naperville, IL is the most expensive county by University Village - Little Italy, Chicago, IL.

In comparison, rent for one bedroom listings in University Village - Little Italy, Chicago, IL is 8.41% more expensive than other counties nearby. Finally, rent for two bedrooms in University Village - Little Italy, Chicago, IL is 10.00% more expensive than other counties nearby. We've listed the top 6 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Evanston, IL	$1,185	$1,650	$2,150	$1,955
Chicago, IL	$1,350	$1,790	$2,300	$2,035
Schaumburg, IL	N/A	$1,995	$2,350	$2,093
Downers Grove, IL	N/A	$1,828	$2,200	$2,188
Milton, IL	N/A	$1,965	$2,320	$2,350
Naperville, IL	N/A	$1,663	$2,200	$2,700

Top Zipcodes Near University Village - Little Italy

There are a total of 20 zipcodes in or near University Village - Little Italy, Chicago, IL. The average rent for all of these zipcodes is $2,030. A total of 17 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 60640, Chicago, IL at $1,550 per month. In comparison, the zipcode with the most expensive average rent of $2,725 per month is 60611, Chicago, IL.

Studios in these zipcodes have an average rent of $1,262. That's at least $3 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near University Village - Little Italy, Chicago, IL is $1,773 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,394 per month. Which comes out to $2 per sqft. The following chart includes the top 10 zipcodes in University Village - Little Italy, Chicago, IL. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
60608, Chicago, IL	N/A	$1,375	$1,850	$2,013
60654, Chicago, IL	$1,945	$2,500	$3,500	$2,500
60642, Chicago, IL	$1,929	$2,300	$2,850	$2,700
60611, Chicago, IL	$1,798	$2,305	$3,667	$2,725
60610, Chicago, IL	$1,855	$2,300	$3,450	$2,650
60622, Chicago, IL	$1,893	$2,100	$2,438	$2,438
60614, Chicago, IL	$1,660	$2,295	$2,873	$2,390
60647, Chicago, IL	$1,250	$1,845	$2,123	$2,000
60657, Chicago, IL	$1,345	$1,900	$2,625	$2,077
60615, Chicago, IL	$1,275	$1,698	$1,912	$2,195

Frequently Asked Questions - University Village - Little Italy Average Rents

What is the average rent price in University Village - Little Italy, Chicago, IL?

The average monthly rental price for University Village - Little Italy, Chicago, IL apartments for rent is approximately $2,500. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do University Village - Little Italy, Chicago, IL rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in University Village - Little Italy, Chicago, IL.

How much is a studio apartment in University Village - Little Italy, Chicago, IL?

The average monthly rental price for studio apartments is $0 and an average price per square feet of $0.00. There are a total of 1 studio apartment listings currently available for rent in University Village - Little Italy.

How much is a one bedroom apartment in University Village - Little Italy, Chicago, IL?

The average monthly rental price for one bedroom apartments is $1,975 and an average price per square feet of $2.63. There are a total of 2 one bedroom apartment listings currently available for rent in University Village - Little Italy.

How much is a two bedroom apartment in University Village - Little Italy, Chicago, IL?

The average monthly rental price for two bedroom apartments is $2,500 and an average price per square feet of $2.32. There are a total of 9 two bedroom apartment listings currently available for rent in University Village - Little Italy.

How have rent prices in University Village - Little Italy, Chicago, IL changed this year?

Rent prices for rentals in University Village - Little Italy, Chicago, IL can fluctuate yearly. Specifically, studio rental prices have changed by 0.10%, one bedroom rental prices have changed by 0.01%, two bedroom rental prices have changed by -0.10%, and three bedroom rental prices have changed by 0.34% year-over-year.

What is a reasonable rent price in University Village - Little Italy, Chicago, IL?

A reasonable rent price in University Village - Little Italy, Chicago, IL is around $2,000/month. You can search for these reasonably priced rental listings on RentHop.