Cheap Homes for Rent in Norwood Park Neighborhood of Chicago, IL from $1,400 (8 Rentals)

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

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

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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 23, 2025 the best value apartment in the Norwood Park area is the $2.74 price per square foot 1BR/1.0BA Model at 6 Corners Lofts in the in the Norwood Park neighborhood starting from $2,580. The second greatest value Norwood Park apartment is the 2 Bedroom 2 Bath Model at 1027 W Touhy Ave starting at $2,095 with a $2.29 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.
6 Corners Lofts1BR/1.0BA1BR,1BA$2.74
1027 W Touhy Ave2 Bedroom 2 Bath2BR,2BA$2.29
5821 N Moody Ave, Unit 1st Floor5821 N Moody Ave1BR,1BA$1.87
Highpoint at 8000 NorthA21BR,1BA$3.27
Mont ClareA81BR,1BA$2.29
7251-7259 LawrencestudioStudio ,1BA$4.50

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Frequently Asked Questions about Norwood Park

What type of rentals are currently available in Norwood Park?

There are currently 125 Apartments for Rent in Norwood Park, IL with pricing that ranges from $900 to $3,914. There are also 16 Single Family Homes for rent, Condos, and Townhome rentals currently available in Norwood Park ranging from $1,650 to $4,500.

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 $1,650 to $4,500 with an average monthly rent of $2,644.

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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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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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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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.