Cheap Apartments for Rent in the Norwood Park Neighborhood of Chicago, IL from $700 (7 Rentals)

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

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5935 N Northwest Hwy
Studio to 2 Bedroom Apartments

5935 N Northwest Hwy

5935 N Northwest HwyChicago, IL 60631
  • Utilities Included
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6173-6179 N Northwest Hwy
Studio Apartments

6173-6179 N Northwest Hwy

6173-6179 N Northwest HwyChicago, IL 60631
  • Utilities Included
  • Smoke Free

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

Norwood Park, Chicago, IL Local Guide

Cheapest Available Norwood Park Apartments for Rent

 

The cheapest available apartment rental in the Norwood Park area of Chicago, IL is a Studio unit found at 7251-7259 Lawrence priced from $900. 4747 N Ronald St has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,500. Here are the most affordable Norwood Park apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
7251-7259 LawrencestudioStudio,1BA$900
4747 N Ronald StGB1BR,1BA$1,500
Mont ClareA81BR,1BA$1,555

Best Value Apartments for Rent in Norwood Park, IL

As of April 14, 2025 the best value apartment in the Norwood Park area is the $1.67 price per square foot 6420 N Nashville Ave Model at 6420 N Nashville Ave, Unit 2nd floor in the in the Norwood Park neighborhood starting from $2,000. The second greatest value Norwood Park apartment is the 6331 W Devon Ave Model at 6331 W Devon Ave, Unit 2R starting at $1,850 with a $1.85 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.
6420 N Nashville Ave, Unit 2nd floor6420 N Nashville Ave2BR,1BA$1.67
6331 W Devon Ave, Unit 2R6331 W Devon Ave2BR,1BA$1.85
6 Corners Lofts1BR/1.0BA1BR,1BA$2.74
1027 W Touhy Ave2 Bedroom 2 Bath2BR,2BA$2.29
Mont ClareA81BR,1BA$2.28
Highpoint at 8000 NorthS1Studio ,1BA$3.51
7251-7259 LawrencestudioStudio ,1BA$4.50

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Pet Friendly Lifestyle
Norwood Park, Chicago, IL

Ranked #74

Among neighborhoods in Chicago, IL for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Getting Around the Norwood Park Neighborhood in Chicago, IL

Walk Score®

79 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

69 / 100

Bikeable

Some bike infrastructure

Transit Score®

50 / 100

Good Transit

Many nearby public transportation options

Frequently Asked Questions about Cheap Norwood Park Apartments

What is the price of a cheap apartment in Norwood Park?

The cheapest apartment in Norwood Park is 4747 N Ronald St which is listed at $1,500, while the average apartment in Norwood Park costs $2,467.

What types of apartments are the cheapest in Norwood Park?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 5 regular apartments in Norwood Park that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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.

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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.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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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.