Rentometer, Inc. | Data as of 10/23/2025
University Park, nestled in the heart of Illinois, offers a vibrant blend of suburban charm and easy access to the broader Chicago metropolitan area. Residents enjoy well‑maintained streets, abundant green spaces, and a close‑knit community vibe that makes the city appealing for both young professionals and growing families. The area's proximity to major thoroughfares, public transit options, and nearby universities adds a dynamic, intellectual energy, while local parks and dining hotspots provide ample opportunities for recreation and socializing.
The rental market in University Park reflects a diverse range of housing choices, from modern apartment complexes to a limited selection of single‑family homes. One‑bedroom apartments generally sit in the $1300s, offering a comfortable entry point for newcomers, while two‑bedroom units typically hover around the $1500 range, appealing to small families or roommates seeking extra space. Larger three‑bedroom apartments approach the $1800 level, providing ample room for those who desire more living area without leaving the city limits. These options are complemented by contemporary amenities such as in‑unit laundry, fitness centers, and pet‑friendly policies, catering to a variety of lifestyle needs.
University Park’s appeal is further enhanced by its notable landmarks, including the nearby University of Illinois research park and the scenic Riverfront Park, which host cultural events, outdoor activities, and community gatherings. With its balance of affordability, convenience, and a welcoming atmosphere, University Park continues to be a desirable destination for renters seeking a thriving yet relaxed urban experience in Illinois.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $1,336 | $1,338 | $1,270 - $1,400 | $1,270 - $1,400 |
| Apartment | 2 Bedroom | $1,492 | $1,483 | $1,390 - $1,600 | $1,450 - $1,550 |
| Apartment | 3 Bedroom | $1,793 | $1,750 | $1,749 - $1,924 | $1,750 - $1,924 |
In the current period, the average rent in University Park was
$1,336 for 1 Bedroom,
$1,493 for 2 Bedroom, and
$1,793 for 3 Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.