Cheap Homes for Rent in North Park Neighborhood of Chicago, IL from $1,000 (12 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Chicago's Best Affordable Neighborhoods

Learn about Chicago and the best places to live with original content written by our Chicago, IL Local Expert Nicole Harms

North Park, Chicago, IL Local Guide

Cheapest Available North Park Apartments for Rent

 

The cheapest available apartment rental in the North Park area of Chicago, IL is a 2 Beds unit found at 5118 N Lincoln Ave priced from $1,200. 3749 W Grace St has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,375. Here are the most affordable North Park apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
5118 N Lincoln Ave51182BR,1BA$1,200
3749 W Grace St1BD/1BA1BR,1BA$1,375
5054 N Ridgeway Ave2br2BR,1BA$1,600
Lincoln Square Commons - 4759 N Maplewood AveOne Bedroom1BR,1BA$1,901
3025 W Irving Park Rd2x1 Irving Park2BR,1BA$2,100

Best Value Apartments for Rent in North Park, IL

As of March 23, 2025 the best value apartment in the North Park area is the $1.47 price per square foot 3223 W Olive Ave Model at 3223 W Olive Ave, Unit #1 in the in the North Park neighborhood starting from $2,200. The second greatest value North Park apartment is the 6426 N Troy St Model at 6426 N Troy St, Unit 2N starting at $2,000 with a $1.33 price per square foot in the North Park neighborhood. Here is today’s list of the best values for North Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
3223 W Olive Ave, Unit #13223 W Olive Ave3BR,1BA$1.47
6426 N Troy St, Unit 2N6426 N Troy St3BR,1BA$1.33
5742 N Spaulding Ave, Unit 25742 N Spaulding Ave3BR,1BA$1.66
3025 W Irving Park Rd2x1 Irving Park2BR,1BA$1.91
3438 W Foster Ave3438 W Foster Ave2BR,1BA$1.86
5054 N Ridgeway Ave2br2BR,1BA$2.00
3749 W Grace St1BD/1BA1BR,1BA$1.83
Lincoln Square Commons - 4759 N Maplewood AveOne Bedroom1BR,1BA$2.92
5118 N Lincoln Ave51182BR,1BA$1.85

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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about North Park

What type of rentals are currently available in North Park?

There are currently 175 Apartments for Rent in North Park, IL with pricing that ranges from $1,100 to $2,995. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in North Park ranging from $1,050 to $4,500.

What is the current price range for Rental Homes in North Park?

Today's rental pricing for Homes for Rent, Condos and Townhomes in North Park ranges from $1,050 to $4,500 with an average monthly rent of $2,519.

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago article

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

decorative image for What to Know About Fees and Fines When Renting article

What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.