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 $1,488 for a studio rental to $3,450 for a 4-bedroom rental. The median price of all currently available listings is $2,850, or roughly $33 per square feet.

For the apartment units and housing in August 2026, median rents have risen substantially over the last year. Studio rentals prices have increased by $369 (32.98%) year-over-year from $1,119 to $1,488. 1-bedroom rentals prices have increased by $205 (10.13%) year-over-year from $2,020 to $2,225. 2-bedroom rentals prices have increased by $167 (6.51%) year-over-year from $2,558 to $2,725. 3-bedroom rentals prices have increased by $51 (1.72%) year-over-year from $2,949 to $3,000. 4-bedroom rentals prices have increased by $470 (12.42%) year-over-year from $3,781 to $4,250. 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 40.03% this month. 1-bedroom rents have gone up by 1.91% this month. 2-bedroom rents have gone up by 3.15% this month. 3-bedroom rents have gone up by 2.27% this month. 4-bedroom rents have gone up by 10.87% this month.

Beds	Price / Sqft	Aug 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$32.29	$1,488	$1,119 (32.98%)	$1,516 (-1.83%)
1 BR	$34.67	$2,225	$2,020 (10.13%)	$1,608 (38.36%)
2 BR	$31.07	$2,725	$2,558 (6.51%)	$2,191 (24.39%)
3 BR	$31.70	$3,000	$2,949 (1.72%)	$2,613 (14.83%)
4+ BR	$34.91	$4,250	$3,781 (12.42%)	$3,692 (15.12%)

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 13 cities nearby University Village - Little Italy. The average rent in University Village - Little Italy is currently $2,399 per month. A total of 13 cities nearby have an average rent lower than that. Our records show that Cicero, IL, with an average rent of $1,150, is the most affordable city nearby. In contrast, the most expensive city near University Village - Little Italy, Chicago, IL is Buffalo Grove, 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 40.52% more expensive than other cities nearby. One bedrooms are about 18.81% more expensive. Two bedrooms in University Village - Little Italy, Chicago, IL are about 15.45% more expensive. Finally, rent for three bedrooms are about 3.45% more affordable. Want more information? Check out the top 10 cities out of 13 total cities near University Village - Little Italy, Chicago, IL in the following table.

City	Studio	1 Bed	2 Bed	All
Cicero, IL	$885	$1,085	$1,700	$1,150
Berwyn, IL	$1,023	$1,200	$1,798	$1,440
Palatine, IL	N/A	$1,500	$1,875	$1,900
Chicago, IL	$1,515	$2,008	$2,400	$2,250
Wheaton, IL	$1,300	$1,899	$2,349	$2,263
Oak Park, IL	$1,263	$1,750	$2,325	$2,300
Schaumburg, IL	N/A	$2,200	$2,250	$2,399
Evanston, IL	$2,450	$2,295	$2,395	$2,595
Skokie, IL	N/A	$2,075	$2,273	$2,600
Buffalo Grove, IL	N/A	$1,750	$2,513	$2,750

Top Neighborhoods Near University Village - Little Italy

There are a total of 30 neighborhoods in or near University Village - Little Italy. Some of these neighborhoods include Englewood, South Shore, and Austin. We've included all of these top 30 neighborhoods in or near University Village - Little Italy, Chicago, IL in the following table.

The average rent for these 30 neighborhoods in or near University Village - Little Italy, Chicago, IL is currently around $2,254 per month. A total of 23 neighborhoods have a lower average rent. Meaning, only seven neighborhoods have a higher average rent than $2,254. Interestingly, the neighborhoods' average rent is less than University Village - Little Italy's average rent, which is actually $2,850. 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 $3,999 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
Englewood, Chicago, IL	$1,100	$1,250	$1,390	$1,400
South Shore, Chicago, IL	$1,038	$1,149	$1,500	$1,550
Austin, Chicago, IL	$850	$699	$1,775	$1,600
Edgewater, Chicago, IL	$1,295	$1,500	$2,650	$1,600
Rogers Park, Chicago, IL	$1,200	$1,450	$1,900	$1,650
Woodlawn, Chicago, IL	N/A	$1,565	$1,800	$1,800
Portage Park, Chicago, IL	$1,300	$1,500	$1,750	$1,850
Lawndale, Chicago, IL	$1,600	$1,450	$1,750	$1,900
Uptown, Chicago, IL	$1,325	$1,735	$2,700	$1,924
Albany Park, Chicago, IL	$1,250	$1,650	$2,000	$1,960
Pilsen, Chicago, IL	$1,425	$1,800	$1,900	$1,975
West Rogers Park, Chicago, IL	$1,350	$1,595	$1,960	$2,050
Jefferson Park, Chicago, IL	$1,348	$1,595	$1,950	$2,100
Ravenswood, Chicago, IL	$1,500	$1,900	$2,550	$2,150
Humboldt Park, Chicago, IL	$1,850	$1,975	$2,100	$2,243
Far East, Aurora, IL	N/A	$1,905	$2,266	$2,266
Lakeview, Chicago, IL	$1,500	$2,100	$3,098	$2,395
Hyde Park, Chicago, IL	$1,375	$1,595	$2,090	$2,399
Logan Square, Chicago, IL	$1,450	$1,995	$2,550	$2,400
Bronzeville, Chicago, IL	$1,193	$1,600	$2,355	$2,478
Lincoln Park, Chicago, IL	$1,673	$2,550	$3,704	$2,725
Near North Side, Chicago, IL	$1,950	$2,600	$4,000	$2,800
South Loop, Chicago, IL	$1,850	$2,350	$3,200	$2,800
Roscoe Village, Chicago, IL	$1,473	$2,043	$2,675	$2,898
The Loop, Chicago, IL	$1,893	$2,500	$3,500	$3,000
Wicker Park, Chicago, IL	$2,600	$2,125	$2,775	$3,000
West Town, Chicago, IL	N/A	$2,395	$2,995	$3,200
Near West Side, Chicago, IL	N/A	$2,800	$3,574	$3,200
Bucktown, Chicago, IL	$2,230	$2,515	$3,775	$3,535
DePaul, Chicago, IL	$1,975	$2,432	$3,575	$3,999

Top Counties Near University Village - Little Italy

There are a total of 30 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 $2,400. That's roughly around $23 per sqft. A total of 26 counties have a lower average rent. The county that is the most affordable is Cicero, IL. Its average rent per month is $1,150. 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 19.69% more expensive than other counties nearby. In comparison, rent for one bedroom listings in University Village - Little Italy, Chicago, IL is 28.02% more expensive than other counties nearby. Finally, rent for two bedrooms in University Village - Little Italy, Chicago, IL is 20.00% more expensive than other counties nearby. We've listed the top 10 counties in the table below.

County	Studio	1 Bed	2 Bed	All
Cicero, IL	$885	$1,085	$1,700	$1,150
Berwyn, IL	$1,023	$1,200	$1,798	$1,440
Worth, IL	$1,400	$1,400	$1,700	$1,800
Leyden, IL	$1,200	$1,385	$2,025	$1,843
Proviso, IL	$1,225	$1,400	$1,850	$1,898
Lyons, IL	N/A	$1,425	$1,775	$2,073
Chicago, IL	$1,515	$2,008	$2,400	$2,250
Oak Park, IL	$1,263	$1,750	$2,325	$2,300
Evanston, IL	$2,450	$2,295	$2,395	$2,595
Niles, IL	N/A	$2,500	$2,450	$2,995

Top Zipcodes Near University Village - Little Italy

There are a total of 40 zipcodes in or near University Village - Little Italy, Chicago, IL. The average rent for all of these zipcodes is $2,175. A total of 33 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 $1,150 per month. In comparison, the zipcode with the most expensive average rent of $3,295 per month is 60614, Chicago, IL.

Studios in these zipcodes have an average rent of $1,450. That's at least $37 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 $1,800 per month. Or in other words, $31 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,300 per month. Which comes out to $27 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	$2,800	$3,495	$3,000
60661, Chicago, IL	$2,150	$2,500	$3,500	$2,702
60608, Chicago, IL	$1,550	$1,800	$1,925	$2,044
60612, Chicago, IL	$1,463	$2,250	$2,500	$2,673
60654, Chicago, IL	$2,100	$2,650	$4,160	$2,850
60605, Chicago, IL	$1,900	$2,400	$3,300	$2,800
60601, Chicago, IL	$1,840	$2,499	$4,000	$3,200
60616, Chicago, IL	$1,250	$2,273	$2,771	$2,523
60642, Chicago, IL	$3,000	$2,375	$2,950	$3,150
60611, Chicago, IL	$2,000	$2,524	$4,150	$3,150

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 $2,850. 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 $1,488 and an average price per square feet of $32.29. 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 $2,275 and an average price per square feet of $34.67. There are a total of 6 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 $2,750 and an average price per square feet of $31.07. 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 0.33%, one bedroom rental prices have changed by 0.10%, two bedroom rental prices have changed by 0.07%, three bedroom rental prices have changed by 0.02% 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 $2,280/month. You can search for these reasonably priced rental listings on RentHop.