Cheap Homes for Rent in Norwood Park Neighborhood of Chicago, IL from $1,000 (6 Rentals)

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Search the lowest-cost Homes available for rent right now in the Norwood 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.

Norwood Park, Chicago, IL Local Guide

Cheapest Available Norwood Park Apartments for Rent

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

Best Value Apartments for Rent in Norwood Park, IL

As of May 25, 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$2.25
5255 N Mobile Ave, Unit 15255 N Mobile Ave2BR,1BA$1.75
6019 W Higgins Ave, Unit 2-A6019 W Higgins Ave1BR,1BA$1.99
5939 N Northwest Hwy, Unit #1B5939 N Northwest Hwy1BR,1BA$1.80

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 #143

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 Norwood Park

What type of rentals are currently available in Norwood Park?

There are currently 125 Apartments for Rent in Norwood Park, IL with pricing that ranges from $1,260 to $16,630. There are also 14 Single Family Homes for rent, Condos, and Townhome rentals currently available in Norwood Park ranging from $1,000 to $3,500.

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 $1,000 to $3,500 with an average monthly rent of $2,037.

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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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.