The community of Depaul is nestled in the heart of the Chicago metro area. Depaul apartments are rented by students living throughout Chicago and represent some of the best off campus housing offerings. Depaul Houses for rent vary in price and can many times be negotiated by contacted the owner or property manager directly. Dapaul rental homes are located near the Depaul University. Depaul University was originally named St. Vincentâ€™s College and was originally founded in 1898 by the Congregation of the Mission priests and brethren, known as the Vincentians.