Cheap Homes for Rent in Norwood Park Neighborhood of Chicago, IL from $1,500 (4 Rentals)

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

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.

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Norwood Park, Chicago, IL Local Guide

Best Value Apartments for Rent in Norwood Park, IL

As of July 07, 2025 the best value apartment in the Norwood Park area is the $1.80 price per square foot 6241 N Sayre Ave Model at 6241 N Sayre Ave, Unit North Sayre in the in the Norwood Park neighborhood starting from $2,700. The second greatest value Norwood Park apartment is the 6115 N Meade Ave Model at 6115 N Meade Ave, Unit 2 starting at $2,100 with a $1.62 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.
6241 N Sayre Ave, Unit North Sayre6241 N Sayre Ave3BR,2BA$1.80
6115 N Meade Ave, Unit 26115 N Meade Ave3BR,1BA$1.62
5730 N McVicker Ave, Unit 15730 N McVicker Ave2BR,1BA$1.90
5930 N Northwest Hwy, Unit #1A5930 N Northwest Hwy2BR,1BA$1.50
5831 N Moody Ave, Unit 15831 N Moody Ave1BR,1BA$1.82
6689 N Olmsted Ave, Unit 2R6689 N Olmsted Ave2BR,1BA$2.81
Mont ClareS4RStudio ,1BA$3.75

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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 $1,250 to $2,700. There are also 12 Single Family Homes for rent, Condos, and Townhome rentals currently available in Norwood Park ranging from $1,500 to $4,900.

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 $1,500 to $4,900 with an average monthly rent of $2,818.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.