
Cheap Homes for Rent in Norwood Park Neighborhood of Chicago, IL from $1,400 (9 Rentals)
Search the lowest-cost Homes available for rent right now in the Norwood Park area of Chicago.


6151 W Thorndale Ave

6151 W Thorndale Ave, Unit 2

5413 N Mobile Ave
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.

6010 W Seminole St

5104 N Austin Ave

6636 N Harlem Ave

4807 N Harlem Ave
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

5912 N Nashotah Ave
Norwood Park, Chicago, IL Local Guide

How much does it cost to rent a home in Norwood Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Norwood Park 2 Bedroom Homes for Rent | $1,857 | $1,500 | $2,600 |
| Norwood Park 3 Bedroom Homes for Rent | $2,429 | $1,950 | $3,150 |
| Norwood Park 4 Bedroom Homes for Rent | $3,600 | $3,600 | $3,600 |
Browse Homes for Rent in this Neighborhood
There are currently 9 rentals with your search options within a 2 mile radius of the Norwood Park Neighborhood of Chicago, IL.
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Best Value Apartments for Rent in Norwood Park, IL
As of January 02, 2026 the best value apartment in the Norwood Park area is the $1.63 price per square foot 5850 N Mulligan Ave Model at 5850 N Mulligan Ave, Unit 1 in the in the Norwood Park neighborhood starting from $1,950. The second greatest value Norwood Park apartment is the 5850 N Mulligan Ave Model at 5850 N Mulligan Ave, Unit 1 starting at $1,950 with a $1.63 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 5850 N Mulligan Ave, Unit 1 | 5850 N Mulligan Ave | 3BR,1BA | $1.63 |
| 5850 N Mulligan Ave, Unit 1 | 5850 N Mulligan Ave | 3BR,1BA | $1.63 |
| 6904 W Gunnison St, Unit 1 | 6904 W Gunnison St | 2BR,1BA | $1.97 |
| 6151 W Thorndale Ave, Unit 2B | 6151 W Thorndale Ave | 1BR,1BA | $2.07 |
| 4818 N Moody Ave, Unit Garden Unit | 4818 N Moody Ave | Studio ,1BA | $2.15 |
Frequently Asked Questions about Norwood Park
What type of rentals are currently available in Norwood Park?
There are currently 123 Apartments for Rent in Norwood Park, IL with pricing that ranges from $1,315 to $19,343. There are also 24 Single Family Homes for rent, Condos, and Townhome rentals currently available in Norwood Park ranging from $1,400 to $3,600.
What is the current price range for Rental Homes in Norwood Park?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Norwood Park ranges from $1,400 to $3,600 with an average monthly rent of $2,439.
How much are larger Three and Four Bedroom Rentals in Norwood Park?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Norwood Park range from $1,950 to $2,150, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,950 to $3,150. Four Bedroom Single-Family rentals are also available starting from $3,600 and Four Bedroom Apartments start at $3,000.
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

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.

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.

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.

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

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!