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 $1,169 for a studio rental to $3,450 for a 4-bedroom rental. The median price of all currently available listings is $2,673, or roughly $32 per square feet.

For the apartment units and housing in July 2026, median rents have fallen over the last year. Studio rentals prices have increased by $615 (70.45%) year-over-year from $873 to $1,488. 1-bedroom rentals prices have decreased by $154 (-7.67%) year-over-year from $2,004 to $1,850. 2-bedroom rentals prices have increased by $258 (10.37%) year-over-year from $2,492 to $2,750. 3-bedroom rentals prices have increased by $226 (7.53%) year-over-year from $2,999 to $3,225. 4-bedroom rentals prices have decreased by $43 (-1.06%) year-over-year from $4,043 to $4,000. 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 16.68% this month. 1-bedroom rents have gone down by 7.85% this month. 2-bedroom rents have gone up by 5.77% this month. 3-bedroom rents have gone up by 3.75% this month. 4-bedroom rents have gone up by 6.71% this month.

Beds	Price / Sqft	Jul 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$32.29	$1,488	$873 (70.45%)	$1,502 (-0.92%)
1 BR	$25.56	$1,850	$2,004 (-7.67%)	$1,590 (16.35%)
2 BR	$30.73	$2,750	$2,492 (10.37%)	$2,158 (27.45%)
3 BR	$28.14	$3,225	$2,999 (7.53%)	$2,463 (30.96%)
4+ BR	$37.36	$4,000	$4,043 (-1.06%)	$3,325 (20.30%)

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 12 cities nearby University Village - Little Italy. The average rent in University Village - Little Italy is currently $2,325 per month. A total of 11 cities nearby have an average rent lower than that. Our records show that Cicero, IL, with an average rent of $1,163, is the most affordable city nearby. In contrast, the most expensive city near University Village - Little Italy, Chicago, IL is Vernon Hills, IL. Monthly rents here are on average $2,750 per month.

Let's compare University Village - Little Italy, Chicago, IL's rent against other top cities nearby by bedroom size. Typically, rent for studios in University Village - Little Italy, Chicago, IL is 5.90% more expensive than other cities nearby. One bedrooms are about 16.69% more expensive. Two bedrooms in University Village - Little Italy, Chicago, IL are about 8.84% more expensive. Finally, rent for three bedrooms are about 12.13% more expensive. Want more information? Check out the top 10 cities out of 12 total cities near University Village - Little Italy, Chicago, IL in the following table.

City	Studio	1 Bed	2 Bed	All
Cicero, IL	$895	$1,075	$1,613	$1,163
Berwyn, IL	$1,100	$1,250	$1,750	$1,300
Oak Park, IL	$1,300	$1,700	$2,350	$2,250
Chicago, IL	$1,595	$2,150	$2,495	$2,300
Schaumburg, IL	N/A	$2,006	$2,300	$2,300
Wheaton, IL	N/A	$2,126	$2,349	$2,349
Skokie, IL	N/A	$1,600	$2,500	$2,500
Evanston, IL	$2,125	$2,225	$2,400	$2,500
Naperville, IL	N/A	$1,799	$2,350	$2,587
Vernon Hills, IL	N/A	$1,900	$2,300	$2,750

Top Neighborhoods Near University Village - Little Italy

There are a total of 27 neighborhoods in or near University Village - Little Italy. Some of these neighborhoods include Englewood, South Shore, and Rogers Park. We've included all of these top 27 neighborhoods in or near University Village - Little Italy, Chicago, IL in the following table.

The average rent for these 27 neighborhoods in or near University Village - Little Italy, Chicago, IL is currently around $2,200 per month. A total of 20 neighborhoods have a lower average rent. Meaning, only seven neighborhoods have a higher average rent than $2,200. Interestingly, the neighborhoods' average rent is less than University Village - Little Italy's average rent, which is actually $2,673. Out of all the neighborhoods in or near University Village - Little Italy, Englewood has the most affordable average rent at $1,400 per month. Whereas, at $3,500 average rent per month, Bucktown is the most expensive neighborhood in or near University Village - Little Italy. View the following table for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Englewood, Chicago, IL	$1,100	$1,250	$1,350	$1,400
South Shore, Chicago, IL	$975	$1,300	$1,450	$1,538
Rogers Park, Chicago, IL	$1,195	$1,450	$1,850	$1,650
Austin, Chicago, IL	$1,063	$1,100	$1,800	$1,773
Lawndale, Chicago, IL	N/A	$1,450	$1,700	$1,800
Albany Park, Chicago, IL	$1,550	$1,485	$2,049	$1,825
Edgewater, Chicago, IL	$1,473	$1,763	$2,500	$1,828
Hyde Park, Chicago, IL	$1,290	$1,795	$1,975	$1,950
Uptown, Chicago, IL	$1,398	$1,825	$2,950	$2,031
Ravenswood, Chicago, IL	$1,488	$1,950	$2,495	$2,045
West Rogers Park, Chicago, IL	N/A	$1,585	$1,973	$2,095
Pilsen, Chicago, IL	$2,650	$1,650	$2,000	$2,100
Jefferson Park, Chicago, IL	$1,375	$1,473	$2,100	$2,100
Woodlawn, Chicago, IL	$2,400	$1,565	$1,798	$2,200
Logan Square, Chicago, IL	$1,595	$2,095	$2,548	$2,350
Humboldt Park, Chicago, IL	N/A	$1,800	$2,073	$2,400
Far East, Aurora, IL	N/A	$1,829	$2,261	$2,406
Bronzeville, Chicago, IL	$1,200	$1,695	$2,365	$2,423
Lakeview, Chicago, IL	$1,625	$2,195	$3,197	$2,575
Lincoln Park, Chicago, IL	$1,750	$2,500	$3,925	$2,600
Near North Side, Chicago, IL	$1,950	$2,600	$4,000	$2,850
South Loop, Chicago, IL	$1,780	$2,400	$3,152	$2,900
The Loop, Chicago, IL	$2,175	$2,600	$3,900	$3,000
West Town, Chicago, IL	$2,275	$2,299	$2,800	$3,200
DePaul, Chicago, IL	$1,915	$2,523	$3,500	$3,350
Near West Side, Chicago, IL	N/A	$2,900	$3,700	$3,400
Bucktown, Chicago, IL	$2,363	$2,575	$3,100	$3,500

Top Counties Near University Village - Little Italy

There are a total of 26 counties located by University Village - Little Italy, Chicago, IL. Some of these counties include Cicero, IL, Berwyn, IL, and Worth, IL. The average rent for rentals in these counties is $2,373. That's roughly around $24 per sqft. A total of 21 counties have a lower average rent. The county that is the most affordable is Cicero, IL. Its average rent per month is $1,163. Vice versa, with an average rent of $3,500, New Trier, IL is the most expensive county by University Village - Little Italy, Chicago, IL.

Typically, rent for studios in University Village - Little Italy, Chicago, IL is 5.90% more expensive than other counties nearby. In comparison, rent for one bedroom listings in University Village - Little Italy, Chicago, IL is 21.13% more expensive than other counties nearby. Finally, rent for two bedrooms in University Village - Little Italy, Chicago, IL is 11.27% more expensive than other counties nearby. We've listed the top 10 counties in the table below.

County	Studio	1 Bed	2 Bed	All
Cicero, IL	$895	$1,075	$1,613	$1,163
Berwyn, IL	$1,100	$1,250	$1,750	$1,300
Worth, IL	$1,575	$1,385	$1,700	$1,850
Proviso, IL	$1,125	$1,400	$1,925	$2,000
Lyons, IL	N/A	$1,345	$1,750	$2,095
Leyden, IL	$1,360	$1,400	$2,500	$2,200
Oak Park, IL	$1,300	$1,700	$2,350	$2,250
Chicago, IL	$1,595	$2,150	$2,495	$2,300
Evanston, IL	$2,125	$2,225	$2,400	$2,500
Niles, IL	N/A	$1,700	$2,675	$2,800

Top Zipcodes Near University Village - Little Italy

There are a total of 37 zipcodes in or near University Village - Little Italy, Chicago, IL. The average rent for all of these zipcodes is $2,285. A total of 27 zipcodes have an average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 60804, Cicero, IL at $1,163 per month. In comparison, the zipcode with the most expensive average rent of $3,250 per month is 60607, Chicago, IL.

Studios in these zipcodes have an average rent of $1,488. That's at least $39 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 $1,799 per month. Or in other words, $30 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,400 per month. Which comes out to $28 per sqft. The following table 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
60607, Chicago, IL	$1,488	$2,900	$3,640	$3,250
60608, Chicago, IL	$2,650	$1,700	$2,000	$2,150
60612, Chicago, IL	$1,650	$2,098	$2,695	$2,575
60654, Chicago, IL	$2,200	$2,711	$4,000	$3,000
60605, Chicago, IL	$1,990	$2,421	$3,300	$2,995
60601, Chicago, IL	$2,138	$2,652	$4,200	$3,200
60616, Chicago, IL	$1,350	$2,400	$2,750	$2,500
60642, Chicago, IL	$2,850	$2,350	$3,025	$3,200
60611, Chicago, IL	$2,300	$2,500	$4,200	$2,822
60610, Chicago, IL	$1,663	$2,500	$3,945	$2,600

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 $2,673. 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 $1,169 and an average price per square feet of $32.29. There are a total of 2 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 $2,100 and an average price per square feet of $25.56. There are a total of 9 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 $2,550 and an average price per square feet of $30.73. There are a total of 26 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 0.70%, one bedroom rental prices have changed by -0.08%, two bedroom rental prices have changed by 0.10%, three bedroom rental prices have changed by 0.08% 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 $2,138/month. You can search for these reasonably priced rental listings on RentHop.