I did the MAPH program two years ago and made my decision today to accept an offer from my top choice. BEST DAY EVER until I came across this thread. I hesitated initially to respond, but I have to admit - especially on a day like today - without MAPH, I wouldn't have been accepted into a PhD program, let alone one of the best places to pursue research in my field.
If you can't afford it, then that's that. I don't want to waste your time. It is a very expensive program. So was my undergrad. I'm sure at one point, for my parents, it felt like driving a luxury car off a cliff every year. BUT if it IS one of the few options you have, and you can afford it (or you handle the pressure of having student loans like a lot of people in my cohort did), u of c has a lot to offer, but ultimately with any program, it is up to you to make best of it. Generic advice I know, but really simply put, no one program does it all, and for me, knowing how much it cost, I was really determined from the beginning to get my money's worth.
I went to an ivy league school for undergrad with a major in art history, senior thesis with a great professor, and scored 1590 on the GRE, so I was really disappointed the first time around. But looking back, there was no chance in hell I would have gotten in. I didn't have a developed research focus and wasn't well-read in terms of current literature in my field beyond readings from undergrad classes, and at the very least, I was off to a pretty good start after a year at U of C. The core class fall term was hella challenging, but I survived it and got an A, and most of the seminars I took, I was the only MAPH student which made me feel out of place to join in on the discussions, but I just had to get over that. I found what really helped me was being proactive in reaching out for advice and feedback from professors and students, and I plan on continuing that as a PhD student. In choosing my thesis advisor at U of C, I was really lucky to have been able to work one-on-one with a professor whom I respect very much, and she was incredibly supportive during the entire application cycle afterwards - both in encouraging me but also letting me know the areas I needed to improve on. Some of my peers had to push themselves a bit harder to find that. My preceptor was also the best human being in the world and a huge part of my support system even after I left the program.
By the time I applied (a year after the MA), I had a better statement, three new letters, museum internships, improved proficiency in my second foreign language, and stronger drive to pursue a PhD. From my precept group, one friend applied right after MAPH and got into one of the most best programs for his field of study. It was different for others, and a lot of them simply realized they didn't want to be in academia and got jobs (working at a bank, teaching at a community college, joining an education dept at a museum, founded a curatorial collective etc). So, no it might not be a traditional art history program, but it worked for me.