
Cheap Homes for Rent in Norwood Park, IL from $600 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Norwood Park.


5917 W Plank Rd

824 W Mac Queen Ave

1613 W Kettelle St

1531 S Lydia Ave

911 N Sheridan Rd
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.

910 S Sumner Ave

412 E Arcadia Ave

1806 N Peoria Ave

906 S Tonti Cir

905 W Thrush Ave

411 W Willcox 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.

2408 W Reservoir Blvd
Norwood Park, 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 | $1,161 | $733 | $2,295 |
| Norwood Park 3 Bedroom Homes for Rent | $1,344 | $800 | $2,150 |
| Norwood Park 4 Bedroom Homes for Rent | $894 | $894 | $894 |
| Norwood Park 5 Bedroom Homes for Rent | $1,500 | $1,500 | $1,500 |
Browse Top Homes for Rent in Norwood Park
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Norwood Park, IL Local Guide
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Cheapest Available Norwood Park Apartments for Rent and Nearby
 The cheapest available apartment rental in Norwood Park, IL is a Studio unit found at Hollow Hills in the Windchime neighborhood priced from $700. 107 NE Roanoke Ave in the Averyville neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $750. Here is today’s list of the most affordable Norwood Park apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Hollow Hills | Studio | Studio,1BA | $700 |
| 107 NE Roanoke Ave | Studio | Studio,1BA | $750 |
| The Avenue Apartments | 1B/ 1BA | 1BR,1BA | $795 |
| Crestwood Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $825 |
| Hollybrook Apartments | 1 bedroom | 1BR,1BA | $825 |
Best Value Apartments for Rent in Norwood Park, IL and Nearby
As of May 22, 2026 the best value apartment in the Norwood Park area is the $1.22 price per square foot HCIV2S1FP Model at Hollow Creek IV Apartments in the in the Windchime neighborhood starting from $1,400. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Hollow Creek IV Apartments | HCIV2S1FP | 2BR,2BA | $1.22 |
| Covington Court Apartments | CC2BR | 2BR,2BA | $1.26 |
| ASPEN BLUFF APARTMENTS | Three Bedrooms Two Bathroom | 3BR,2BA | $1.14 |
| Covington Place | 2BR/1.5BA Signature In Unit Wash/Dryer | 2BR,1.5BA | $1.15 |
| Glen Willows | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.06 |
| 502 W High St | 1 Bedroom | 1BR,1BA | $1.03 |
| Forest Hills Apartments | 1x1 | 1BR,1BA | $1.12 |
| 511 W High St | 1 BR | 1BR,1BA | $1.19 |
| Hollybrook Apartments | 1 bedroom | 1BR,1BA | $1.06 |
| Crestwood Apartments | 1 Bedroom 1 Bathroom | 1BR,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.
Read ArticleReal 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.
Read ArticleQuick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Norwood Park, IL
Frequently Asked Questions about Norwood Park
What type of rentals are currently available in Norwood Park?
There are currently 47 Apartments for Rent in Norwood Park, IL with pricing that ranges from $547 to $2,500. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Norwood Park ranging from $629 to $2,295.
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 $629 to $2,295 with an average monthly rent of $1,107.
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 $620 to $1,800, while Three Bedroom Homes, Condos, and Townhomes for rent range from $800 to $2,150. Four Bedroom Single-Family rentals are also available starting from $894 and Four Bedroom Apartments start at $630.
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

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.

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.

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.

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.