Cheap Apartments for Rent in the Norwood Park Neighborhood of Chicago, IL from $700 (22 Rentals)

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

property at 4842 N Melvina Ave

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

1 Bedroom, 1 Bath Home for Rent

Available Jul 1

4842 N Melvina Ave, Unit Room 1

4842 N Melvina Ave
ChicagoIL60630
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7719 W Catalpa Ave, Unit 2
$1,800
Total Monthly Price

Total Monthly Price

Base Rent
$1,800

Total Monthly Price
$1,800
3 Bedroom Apartment Available Jul 1

7719 W Catalpa Ave, Unit 2

7719 W Catalpa AveChicago, IL 60656
Cost Per Sq.Ft.

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.

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6802 W Highland Ave, Unit 2
$1,980
Total Monthly Price

Total Monthly Price

Base Rent
$1,980

Total Monthly Price
$1,980
2 Bedroom Apartment Available Jul 1

6802 W Highland Ave, Unit 2

6802 W Highland AveChicago, IL 60631
Affordability
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5935 N Northwest Hwy
Studio to 2 Bedroom Apartments

5935 N Northwest Hwy

5935 N Northwest HwyChicago, IL 60631
  • Utilities Included
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6173-6179 N Northwest Hwy
Studio Apartments

6173-6179 N Northwest Hwy

6173-6179 N Northwest HwyChicago, IL 60631
  • Utilities Included
  • Smoke Free
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6654 W Devon Ave
1 to 2 Bedroom Apartments

6654 W Devon Ave

6654 W Devon AveChicago, IL 60631
  • Utilities Included

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.

property at 6302 W Holbrook St

$2,050

Total Monthly Price

Total Monthly Price

Base Rent
$2,050

Total Monthly Price
$2,050

2 Bedroom, 1 Bath Home for Rent

Available Now

6302 W Holbrook St

ChicagoIL60646
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7005 W Gunnison St
1 to 2 Bedroom Apartments

7005 W Gunnison St

7005 W Gunnison StHarwood Heights, IL 60706

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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4936 N Harlem Ave
2 Bedroom Apartments

4936 N Harlem Ave

4936 N Harlem AveHarwood Heights, IL 60706
  • Utilities Included

Norwood Park, Chicago, IL Local Guide

Cheapest Available Norwood Park Apartments for Rent

 

The cheapest available apartment rental in the Norwood Park area of Chicago, IL is a Studio unit found at Mont Clare priced from $1,250. Ronald & Gunnison has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,500. Here are the most affordable Norwood Park apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Mont ClareS3Studio,1BA$1,250
Ronald & Gunnison1BD/1BA1BR,1BA$1,500
7538 Lawrence2/12BR,1BA$2,050

Best Value Apartments for Rent in Norwood Park, IL

As of June 23, 2026 the best value apartment in the Norwood Park area is the $1.83 price per square foot 6523 N Northwest Hwy Model at 6523 N Northwest Hwy, Unit Second Floor in the in the Norwood Park neighborhood starting from $2,100. The second greatest value Norwood Park apartment is the 2BD/1BA Model at Ronald & Gunnison starting at $1,975 with a $2.32 price per square foot in the Norwood Park neighborhood. Here is today’s list of the best values for Norwood Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
6523 N Northwest Hwy, Unit Second Floor6523 N Northwest Hwy3BR,1BA$1.83
Ronald & Gunnison2BD/1BA2BR,1BA$2.32
7538 Lawrence2/12BR,1BA$2.47
6626 W Devon Ave, Unit 16626 W Devon Ave1BR,1BA$2.06
5255 N Mobile Ave, Unit 15255 N Mobile Ave2BR,1BA$1.75
5939 N Northwest Hwy, Unit #1B5939 N Northwest Hwy1BR,1BA$1.80
Mont ClareS3Studio ,1BA$3.56

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Best Neighborhoods to Rent in Near Chicago's Top Employers: A Guide for Renters

A Local Expert's Guide to The 10 Best Chicago Neighborhoods near Major Local Employers. Find your perfect Chicago, IL apartment, condo, or rental home today at ApartmentHomeLiving.com

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A Local Expert's Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago

A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Chicago, IL metro area for affordable living. Find your perfect Chicago Student apartment, condo, or rental home today at ApartmentHomeliving.com

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Norwood Park, Chicago, IL

Ranked #156

Among cities in Illinois for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Frequently Asked Questions about Cheap Norwood Park Apartments

How much is rent for a Cheap One Bedroom Norwood Park Apartment?

The lowest price for a Cheap One Bedroom Norwood Park Apartment is $1,500 at Ronald & Gunnison.

What is the lowest price for a Cheap Two Bedroom Norwood Park Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Norwood Park is starting from $1,975 at Ronald & Gunnison.

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

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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

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

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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

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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.

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Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.