Cheap Homes for Rent in the North Park Neighborhood of Chicago, IL from $1,200 (10 Rentals)

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Search the lowest-cost Homes available for rent right now in the North Park area of Chicago.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Best Value Apartments for Rent in North Park, IL

As of July 10, 2026 the best value apartment in the North Park area is the $1.23 price per square foot 5822 N Spaulding Ave Model at 5822 N Spaulding Ave, Unit Apartments for rent in the in the North Park neighborhood starting from $2,450. The second greatest value North Park apartment is the 4939 N Saint Louis Ave Model at 4939 N Saint Louis Ave, Unit 4939 N St. Louis starting at $3,165 with a $2.43 price per square foot in the North Park neighborhood. Here is today’s list of the best values for North Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
5822 N Spaulding Ave, Unit Apartments for rent5822 N Spaulding Ave3BR,1BA$1.23
4939 N Saint Louis Ave, Unit 4939 N St. Louis4939 N Saint Louis Ave3BR,2BA$2.43
4946 N Ridgeway Ave4946 N Ridgeway Ave2BR,2BA$2.40

Frequently Asked Questions about North Park

What type of rentals are currently available in North Park?

There are currently 164 Apartments for Rent in North Park, IL with pricing that ranges from $1,495 to $3,165. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in North Park ranging from $1,250 to $6,000.

What is the current price range for Rental Homes in North Park?

Today's rental pricing for Homes for Rent, Condos and Townhomes in North Park ranges from $1,250 to $6,000 with an average monthly rent of $2,821.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Helpful Local Expert Guides

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A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago

Written by: Nicole Harms

I’m Nicole, your ApartmentHomeLiving.com Local Expert for Chicago, IL. As a resident of the Chicago area for over 20 years, I’ve learned which neighborhoods are great and which are best avoided.

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Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago

Written by: Nicole Harms

With world-class museums lining its streets, Chicago is a place people go to learn. It’s not surprising, therefore, that it’s also home to multiple colleges and universities with national and global reputations.

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Best Neighborhoods to Rent in Near Chicago's Top Employers

Written by: Nicole Harms

Whenever life takes me into the city, I’m always impressed with the sheer amount of industry and commerce that it holds. With all of that commerce comes a wide range of employment options.

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Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago

Written by: Nicole Harms

From Lake Shore Drive to the O’Hare Airport, the city of Chicago is a study in diversity, resilience, and culture.

Articles, How-To's, and Tips

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.