<p>The US News overall ranking are not what one should look at to address OPs question. One would better look at its selectivity rankings, not the overall rankings.</p>
<p>Also bear in mind, U Chicago has essentially a liberal arts curriculum, Some other universities of potential interest may have multiple colleges, only one of which is their liberal arts college. In all the cases I’m familiar with, the level of selectivity among the individual colleges within the university varies. An aggregate selectivity rating derived using admissions results aggregated across all the disparate colleges of such university may be somewhat misleading when considering admissions odds at only a particular one of its colleges.</p>