Cheap Apartments for Rent in Norwood Park, IL from $500 (25 Rentals)

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

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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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.

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2112-2117 N Linn St
1 Bedroom Apartments

2112-2117 N Linn St

2112-2117 N Linn StPeoria, IL 61604
  • Utilities Included

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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Cityscape
2 to 3 Bedroom Apartments

Cityscape

601 W Romeo B Garrett AvePeoria, IL 61605
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301 N Carole Ave
1 Bedroom Apartments

301 N Carole Ave

301 N Carole AveHanna City, IL 61536

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.

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Norwood Park, IL Local Guide

Cheapest Available Norwood Park Apartments for Rent and Nearby

 

The cheapest available apartment rental in Norwood Park, IL is a 2 Beds unit found at Cityscape in the Averyville neighborhood priced from $711. The Avenue Apartments in the Averyville neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $795. Here is today’s list of the most affordable Norwood Park apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cityscape2 Bedroom2BR,2BA$711
The Avenue Apartments1B/ 1BA1BR,1BA$795
Hollybrook Apartments1 bedroom1BR,1BA$825
Crestwood Apartments1 Bedroom 1 Bathroom1BR,1BA$825
ASPEN BLUFF APARTMENTSOne Bedroom One Bathroom1BR,1BA$850

Best Value Apartments for Rent in Norwood Park, IL and Nearby

As of July 06, 2026 the best value apartment in the Norwood Park area is the $1.27 price per square foot 3 Bedroom Model at 107 NE Roanoke Ave in the in the Averyville neighborhood starting from $1,525. The second greatest value Norwood Park apartment is the CC2BR Model at Covington Court Apartments starting at $1,295 with a $1.26 price per square foot in the Northmoor Knolls 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.
107 NE Roanoke Ave3 Bedroom3BR,1BA$1.27
Covington Court ApartmentsCC2BR2BR,2BA$1.26
Cityscape2 Bedroom2BR,2BA$0.70
Covington Place2BR/1.5BA Signature In Unit Wash/Dryer2BR,1.5BA$1.15
Brandywine Crossing Apartments2 Bedroom 2 Bath2BR,2BA$1.14
Nordic Villa ApartmentsTownhouse2BR,1.5BA$1.28
Glen Willows2 Bedroom 1 Bathroom2BR,1BA$1.06
Forest Hills Apartments1x11BR,1BA$1.12
Hollybrook Apartments1 bedroom1BR,1BA$1.06
Crestwood Apartments1 Bedroom 1 Bathroom1BR,1BA$1.18

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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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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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Norwood Park, IL Rentals by Map

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Frequently Asked Questions about Cheap Norwood Park Apartments

What is the Cheapest Studio apartment in Norwood Park?

Currently the most affordable Cheap Studio Apartment in Norwood Park is at Hollow Hills Apartments listed at $900.

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

The lowest price for a Cheap One Bedroom Norwood Park Apartment is $795 at The Avenue Apartments.

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 $711 at Cityscape.

What is the most affordable Norwood Park Three Bedroom Apartment?

The best deal on a cheap Norwood Park Three Bedroom Apartment rental is at Cityscape and starts from $818.

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.

Articles, How-To's, and Tips

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.