What is the average apartment size in University Park?

The average size for a University Park, IL apartment is 916 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

What is the average rent in University Park?

As of Jan / 2026, the average rent in University Park is $1,488 per month, a 10.57% increase from last years average of $1,345.

What is the average apartment size in University Park?

The typical apartment in University Park offers about 916 sq. ft. square feet of living space, though actual sizes vary depending on layout and amenities.

University Park, IL Rental Market Trends

Q: What's the typical rent budget in University Park?

The typical rent budget in University Park ranges from $1,501 to $2,000 per month, with 51% of rentals in this range.

Q: Do most people rent or own in University Park?

In University Park, 39% of households rent while 61% own their homes, based on the latest U.S. Census data.

Last updated: February 22, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Highlights

The average rent for an apartment in University Park is $1,488, a 10.57% increase compared to the previous year, when the average rent was $1,345.

One-bedroom apartments provide 701 square feet for $1,299, balancing privacy and affordability.

Three-bedroom apartments deliver maximum space (1,121 sq ft) for $1,741, suitable for larger households.

Average rent in University Park, IL

Last updated: February 22, 2026

	Average Rent	Average Apartment Size
All Rentals	$1,488	916 sq. ft.
Studio	n/a	n/a
1 Bed	$1,299	701 sq. ft.
2 Beds	n/a	n/a
3 Beds	$1,741	1,121 sq. ft.

University Park, IL rent trends

Rental prices in University Park, IL have increased by 10.57% over the past year. The average rent moved from $1,345 to $1,488.

What's the typical rent budget in University Park, IL?

The largest share of rentals in University Park, IL (51%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.

Do most people rent or own in University Park, IL?

908 or 39% of the households in University Park, IL are renter-occupied while 1,421 or 61% are owner-occupied.

How University Park Compares to Other Cities

City	Average Rent
University Park	$1,488
Chicago	$2,454
Oak Park	$2,266
Evanston	$2,598
Naperville	$2,093
Skokie	$2,149
Aurora	$1,876
Champaign	$1,685
Dekalb	$1,105
Peoria	$1,209
Lombard	$1,989
Hammond, IN	$1,237
Riverdale	$1,107
Tinley Park	$1,931
Lansing, IL	$1,250
Matteson, IL	$2,406
Oak Forest, IL	$1,342
Park Forest, IL	$1,521
Calumet City, IL	$1,141
Richton Park, IL	$1,558
Blue Island, IL	$1,049

Where this data comes from

The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.

Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all University Park apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.

Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.