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Rental Market Trends in University Park, IL

What is the average rent in University Park, IL?

$1,311/month

Average Rent

839 Sq Ft

Average Apartment Size

+5.3%

Increase in the Last Year

As of January 2026, the average rent in University Park, IL is $1,311 per month. This is 19% lower than the national average rent of $1,624/month, making renting in University Park more affordable than most cities in the US. When you rent an apartment in University Park, you can expect to pay about per month for a studio, $1,311 for a one-bedroom apartment, and around $1,562 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,821 or more.

Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$1,311/month
839 Sq Ft
Two Bedroom
$1,562/month
1,020 Sq Ft
Three Bedroom
$1,821/month
1,251 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$2,206/month
1,388 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

How much has average rent changed in University Park, IL?

In the past year, rent has increased by 5.3%, which averages out to $71 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated January 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in University Park, IL
Last Updated January 2026
$1,501 - $2,000
Most rental prices fall within this range
Rent Ranges in University Park, IL
Percentage*
Rent Range
0% Below $700/month
0% $700 - $1,000/month
33% $1,001 - $1,500/month
67% $1,501 - $2,000/month
0% Above $2,000/month

What salary do I need to live comfortably in University Park, IL?

Because the average rent in University Park is $1,311, you’ll want to make about $4,370 per month or $52,440 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

University Park, IL

143 Available Apartments for Rent

Search for Nearby Apartments

How does University Park, IL compare to other nearby cities and neighborhoods?

Use the tool below to compare University Park, IL to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Explore the Area Guide for University Park, IL

Apartment Averages

Nearby City Rent Trends

  • Park Forest Average Rent
  • Crete Average Rent
  • Steger Average Rent
  • Chicago Heights Average Rent

Apartment communities in University Park we think you'll love

Maple Leaf Apartments

Maple Leaf Apartments

759 Burr Oak Ln,
University Park, IL 60484

$1,320 - $1,800

1-3 Beds

Arbors at Hickory Creek

Arbors at Hickory Creek

4791 Hickory Creek Dr,
University Park, IL 60484

$2,125

1-3 Beds

Westbridge Apartments

Westbridge Apartments

23433-23451 S Western Ave,
Park Forest, IL 60466

$1,395

1 Bed

Carriage Creek Apartments

Carriage Creek Apartments

22501 Butterfield Dr,
Richton Park, IL 60471

$1,025 - $1,350

2 Beds

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United States Illinois University Park Rental Trends

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in November 2025.

* Percentages may not total 100 due to rounding.

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© 2026 CoStar Group, Inc.

Equal Housing Opportunity