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

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

University Village - Little Italy rentals average $2,119 for a studio rental to $0 for a 4-bedroom rental. The median price of all currently available listings is $2,300, or roughly $2 per square feet.
For the apartment units and housing in March 2024, median rents have fallenover the last year. Studio rentals prices have increased by $97 (6.51%) year-over-year from $1,491 to $1,588. 1-bedroom rentals prices have decreased by $149 (-8.17%) year-over-year from $1,819 to $1,670. 2-bedroom rentals prices have decreased by $203 (-8.34%) year-over-year from $2,428 to $2,225. 3-bedroom rentals prices have increased by $793 (31.03%) year-over-year from $2,557 to $3,350. 4-bedroom rentals prices have decreased by $558 (-15.24%) year-over-year from $3,658 to $3,100. 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 6.67% this month. 1-bedroom rents have gone down by 2.05% this month. 2-bedroom rents have gone down by 3.71% this month. 3-bedroom rents have gone down by 8.20% this month. 4-bedroom rents have gone down by 18.42% this month.
Beds
Price / Sqft
Mar 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $3.62 $1,588 $1,491 (6.51%) $1,650 (-3.76%)
1 BR $2.77 $1,670 $1,819 (-8.17%) $1,748 (-4.47%)
2 BR $2.33 $2,225 $2,428 (-8.34%) $1,949 (14.18%)

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 5 cities nearby University Village - Little Italy. The average rent in University Village - Little Italy is currently $2,125 per month. A total of 4 cities nearby have an average rent lower than that. Our records show that Chicago, IL, with an average rent of $2,000, 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 $2,525 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 12.50% more expensive. Two bedrooms in University Village - Little Italy, Chicago, IL are about 4.17% more expensive. Finally, rent for three bedrooms are about inf% more affordable. Want more information? Check out the top 5 cities near University Village - Little Italy, Chicago, IL in the following chart.
City Studio 1 Bed 2 Bed All
Chicago, IL $1,275 $1,750 $2,300 $2,000
Schaumburg, IL N/A $1,995 $2,515 $2,043
Evanston, IL $1,195 $1,650 $2,200 $2,125
Wheaton, IL N/A $1,840 $2,350 $2,195
Naperville, IL N/A $1,675 $2,250 $2,525

Top Neighborhoods Near University Village - Little Italy

There are a total of 14 neighborhoods in or near University Village - Little Italy. Some of these neighborhoods include Edgewater, Rogers Park, and Uptown. We've included all of these top 14 neighborhoods in or near University Village - Little Italy, Chicago, IL in the following chart.

The average rent for these 14 neighborhoods in or near University Village - Little Italy, Chicago, IL is currently around $1,980 per month. A total of 10 neighborhoods have a lower average rent. Meaning, only four neighborhoods have a higher average rent than $1,980. Out of all the neighborhoods in or near University Village - Little Italy, Rogers Park has the most affordable average rent at $1,550 per month. Whereas, at $2,705 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 $1,100 $1,500 $2,100 $1,550
Rogers Park, Chicago, IL $1,145 $1,338 $1,850 $1,550
Uptown, Chicago, IL $1,095 $1,600 $2,200 $1,613
Ravenswood, Chicago, IL $1,220 $1,563 $2,475 $1,695
Albany Park, Chicago, IL $1,188 $1,423 $1,700 $1,700
West Rogers Park, Chicago, IL N/A $1,300 $1,700 $1,700
Humboldt Park, Chicago, IL N/A $1,550 $1,895 $1,975
Lincoln Park, Chicago, IL $1,450 $2,000 $3,300 $1,985
Logan Square, Chicago, IL $1,150 $1,793 $2,163 $2,048
Lakeview, Chicago, IL $1,298 $1,845 $2,585 $2,096
DePaul, Chicago, IL $1,545 $1,925 $2,398 $2,395
Bucktown, Chicago, IL $1,800 $2,400 $2,370 $2,500
Near North Side, Chicago, IL $1,858 $2,450 $3,530 $2,616
South Loop, Chicago, IL $1,698 $2,100 $3,000 $2,705

Top Counties Near University Village - Little Italy

There are a total of 14 counties located by University Village - Little Italy, Chicago, IL. Some of these counties include Chicago, IL, Schaumburg, IL, and Downers Grove, IL. The average rent for rentals in these counties is $2,113. 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 Chicago, IL. It's average rent per month is $2,000. Vice versa, with an average rent of $2,600, 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 11.55% more expensive than other counties nearby. Finally, rent for two bedrooms in University Village - Little Italy, Chicago, IL is 4.17% more expensive than other counties nearby. We've listed the top 6 counties in the chart below.
County Studio 1 Bed 2 Bed All
Chicago, IL $1,275 $1,750 $2,300 $2,000
Schaumburg, IL N/A $1,988 $2,475 $2,043
Downers Grove, IL N/A $1,788 $2,198 $2,100
Evanston, IL $1,195 $1,650 $2,200 $2,125
Milton, IL N/A $1,840 $2,320 $2,180
Naperville, IL N/A $1,675 $2,300 $2,600

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 $2,145. A total of 13 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 60641, Chicago, IL at $1,525 per month. In comparison, the zipcode with the most expensive average rent of $3,000 per month is 60607, Chicago, IL.

Studios in these zipcodes have an average rent of $1,232. 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 $1,824 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,400 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
60607, Chicago, IL $1,950 $2,490 $3,248 $3,000
60654, Chicago, IL $1,940 $2,500 $3,600 $2,550
60642, Chicago, IL $1,850 $2,201 $2,725 $2,700
60611, Chicago, IL $1,800 $2,400 $3,800 $2,900
60610, Chicago, IL $1,853 $2,299 $3,383 $2,646
60622, Chicago, IL $1,893 $2,098 $2,450 $2,390
60614, Chicago, IL $1,525 $2,298 $2,873 $2,395
60647, Chicago, IL $1,150 $1,795 $2,250 $2,163
60657, Chicago, IL $1,325 $1,927 $2,650 $2,127
60615, Chicago, IL $1,192 $1,700 $1,899 $1,950

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 $2,300. 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 $2,119 and an average price per square feet of $3.62. 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 $2,000 and an average price per square feet of $2.77. There are a total of 5 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 $2,400 and an average price per square feet of $2.33. There are a total of 6 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 0.07%, one bedroom rental prices have changed by -0.08%, two bedroom rental prices have changed by -0.08%, and three bedroom rental prices have changed by 0.31% 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 $1,840/month. You can search for these reasonably priced rental listings on RentHop.
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