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

Home » IL » Chicago » University Village - Little Italy

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

University Village - Little Italy rentals average $1,865 for a studio rental to $5,000 for a 4-bedroom rental. The median price of all currently available listings is $2,515, or roughly $36 per square feet.

For the apartment units and housing in October 2026, median rents have risen substantially over the last year. Studio rentals prices have increased by $491 (33.00%) year-over-year from $1,488 to $1,979. 1-bedroom rentals prices have increased by $295 (14.36%) year-over-year from $2,054 to $2,349. 2-bedroom rentals prices have increased by $386 (14.52%) year-over-year from $2,658 to $3,044. 3-bedroom rentals prices have increased by $333 (10.87%) year-over-year from $3,067 to $3,400. 4-bedroom rentals prices have increased by $1,617 (45.12%) year-over-year from $3,583 to $5,200. 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 19.82% this month. 1-bedroom rents have gone up by 4.40% this month. 2-bedroom rents have gone up by 7.82% this month. 3-bedroom rents have gone up by 9.68% this month. 4-bedroom rents have gone up by 34.48% this month.

Beds	Price / Sqft	Oct 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$42.94	$1,979	$1,488 (33.00%)	$1,550 (27.66%)
1 BR	$40.37	$2,349	$2,054 (14.36%)	$1,540 (52.55%)
2 BR	$33.76	$3,044	$2,658 (14.52%)	$2,201 (38.31%)
3 BR	$25.96	$3,400	$3,067 (10.87%)	$3,748 (-9.29%)
4+ BR	$33.60	$5,200	$3,583 (45.12%)	$4,400 (18.18%)

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 11 cities nearby University Village - Little Italy. The average rent in University Village - Little Italy is currently $2,450 per month. A total of 10 cities nearby have an average rent lower than that. Our records show that Wheaton, IL, with an average rent of $2,200, 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 $2,950 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 27.59% more expensive than other cities nearby. One bedrooms are about 19.10% more expensive. Two bedrooms in University Village - Little Italy, Chicago, IL are about 26.07% more expensive. Finally, rent for three bedrooms are about 3.23% more expensive. Want more information? Check out the top 10 cities out of 11 total cities near University Village - Little Italy, Chicago, IL in the following table.

City	Studio	1 Bed	2 Bed	All
Wheaton, IL	$1,475	$1,729	$2,299	$2,200
Palatine, IL	$1,300	$1,500	$1,950	$2,225
Oak Park, IL	$1,939	$2,455	$2,100	$2,277
Schaumburg, IL	N/A	$2,182	$2,300	$2,400
Vernon Hills, IL	$2,004	$2,229	$2,150	$2,450
Skokie, IL	$1,195	$2,113	$2,250	$2,495
Chicago, IL	$2,049	$2,495	$2,900	$2,500
Evanston, IL	$2,520	$1,900	$2,325	$2,500
Arlington Heights, IL	$1,200	$1,750	$2,100	$2,500
Naperville, IL	N/A	$1,650	$2,325	$2,950

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 South Shore, Edgewater, 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 $2,495 per month. A total of 14 neighborhoods have a lower average rent. Meaning, only thirteen neighborhoods have a higher average rent than $2,495. Interestingly, the neighborhoods' average rent is less than University Village - Little Italy's average rent, which is actually $2,515. Out of all the neighborhoods in or near University Village - Little Italy, South Shore has the most affordable average rent at $1,500 per month. Whereas, at $3,857 average rent per month, DePaul 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
South Shore, Chicago, IL	$1,098	$1,150	$1,450	$1,500
Edgewater, Chicago, IL	$1,347	$1,600	$2,447	$1,650
Rogers Park, Chicago, IL	$1,341	$1,450	$1,976	$1,750
Lawndale, Chicago, IL	$1,550	N/A	$1,700	$1,900
Uptown, Chicago, IL	$1,381	$1,810	$2,500	$1,910
Hyde Park, Chicago, IL	$1,095	$1,500	$2,400	$1,950
West Rogers Park, Chicago, IL	$1,100	$1,495	$1,948	$1,950
Albany Park, Chicago, IL	$1,285	$1,543	$2,000	$2,000
Pilsen, Chicago, IL	$1,998	$1,500	$2,000	$2,000
Jefferson Park, Chicago, IL	$1,300	$1,525	$2,275	$2,200
Humboldt Park, Chicago, IL	$1,500	$1,725	$2,075	$2,225
Ravenswood, Chicago, IL	$1,400	$1,913	$2,673	$2,250
Logan Square, Chicago, IL	$1,595	$2,095	$2,495	$2,390
Lakeview, Chicago, IL	$1,505	$2,295	$3,000	$2,495
Bronzeville, Chicago, IL	$995	$1,650	$2,390	$2,583
Tri-Taylor, Chicago, IL	$2,210	$2,361	$2,957	$2,596
Bucktown, Chicago, IL	$2,279	$2,515	$3,675	$2,720
Lincoln Park, Chicago, IL	$1,850	$2,750	$3,998	$2,761
The Loop, Chicago, IL	$2,410	$2,870	$4,050	$2,876
West Loop, Chicago, IL	$2,297	$2,800	$3,875	$2,900
South Loop, Chicago, IL	$2,266	$2,650	$3,494	$2,900
Wicker Park, Chicago, IL	$2,400	$2,890	$3,175	$2,908
Near West Side, Chicago, IL	$2,329	$2,870	$3,809	$2,945
Goose Island, Chicago, IL	$1,925	$3,052	$4,273	$3,013
Near North Side, Chicago, IL	$2,331	$2,800	$4,131	$3,015
West Town, Chicago, IL	$2,535	$2,991	$4,048	$3,250
DePaul, Chicago, IL	$2,312	$2,695	$3,600	$3,857

Top Counties Near University Village - Little Italy

There are a total of 27 counties located by University Village - Little Italy, Chicago, IL. Some of these counties include Worth, IL, Leyden, IL, and Proviso, IL. The average rent for rentals in these counties is $2,450. That's roughly around $23 per sqft. A total of 20 counties have a lower average rent. The county that is the most affordable is Worth, IL. Its average rent per month is $1,800. Vice versa, with an average rent of $3,150, Vernon, 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 29.74% more expensive than other counties nearby. Finally, rent for two bedrooms in University Village - Little Italy, Chicago, IL is 31.00% more expensive than other counties nearby. We've listed the top 10 counties in the table below.

County	Studio	1 Bed	2 Bed	All
Worth, IL	$1,350	$1,425	$1,650	$1,800
Leyden, IL	N/A	$1,435	$1,850	$1,825
Proviso, IL	$1,245	$1,400	$1,800	$1,950
Lyons, IL	$1,650	$1,600	$1,850	$2,200
Oak Park, IL	$1,939	$2,455	$2,100	$2,277
York, IL	N/A	$1,650	$2,000	$2,450
Chicago, IL	$2,049	$2,495	$2,900	$2,500
Evanston, IL	$2,520	$1,900	$2,325	$2,500
Maine, IL	N/A	$1,600	$2,350	$2,650
Niles, IL	$1,195	$2,300	$2,295	$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 $2,250. A total of 23 zipcodes have an average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 60649, Chicago, IL at $1,500 per month. In comparison, the zipcode with the most expensive average rent of $3,171 per month is 60654, Chicago, IL.

Studios in these zipcodes have an average rent of $1,500. That's at least $41 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 $1,745 per month. Or in other words, $30 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,390 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	$2,442	$2,920	$3,935	$3,000
60661, Chicago, IL	$2,209	$2,727	$3,786	$2,900
60608, Chicago, IL	$1,998	$1,548	$2,000	$2,058
60612, Chicago, IL	$2,176	$2,310	$2,700	$2,598
60654, Chicago, IL	$2,409	$2,900	$4,150	$3,171
60605, Chicago, IL	$2,287	$2,751	$3,703	$2,906
60601, Chicago, IL	$2,372	$2,882	$4,145	$2,911
60616, Chicago, IL	$1,744	$2,350	$2,959	$2,604
60642, Chicago, IL	$1,986	$2,799	$3,250	$3,040
60611, Chicago, IL	$2,300	$2,757	$4,153	$3,148

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 $2,515. 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 $1,865 and an average price per square feet of $42.94. There are a total of 6 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 $2,349 and an average price per square feet of $40.37. There are a total of 28 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 $3,044 and an average price per square feet of $33.76. There are a total of 22 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 0.33%, one bedroom rental prices have changed by 0.14%, two bedroom rental prices have changed by 0.15%, three bedroom rental prices have changed by 0.11% 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 $2,012/month. You can search for these reasonably priced rental listings on RentHop.