Monthly Rent Report
Norwood Park Rent Report — February 2021
Asking rents in ZIP 60646, Chicago, from 21 listings.
Median 1BR rent in Norwood Park was $1,050 in February 2021, up 5.0% (+$50) from January 2021 and up 31.3% year-over-year. The middle half of 1BR listings asked between $988 and $1,138. That puts Norwood Park $148 below the Chicago citywide 1BR median of $1,198. The month's figures are based on 21 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2021 | Vs. February 2020 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $1,050 | +$50 (+5.0%) | +$250 (+31.3%) | $988 – $1,138 | 4 |
| 1BR | $1,025 | +$25 (+2.5%) | +$225 (+28.1%) | $988 – $1,063 | 2 |
| 2BR | $1,400 | $0 (0.0%) | −$475 (-25.3%) | $1,400 – $1,400 | 1 |
| 2BR | $1,275 | −$125 (-8.9%) | −$600 (-32.0%) | $1,211 – $1,325 | 4 |
| 3BR | $1,525 | −$272 (-15.2%) | −$125 (-7.6%) | $1,488 – $1,588 | 4 |
| 3BR | $1,550 | −$247 (-13.8%) | −$100 (-6.1%) | $1,513 – $1,663 | 6 |
Median, P25, and P75 are asking rents from listings posted in February 2021. Changes compare against the nearest prior month with data.
Norwood Park vs. Chicago — February 2021
| Bedrooms | Norwood Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| 1BR | $1,050 | $1,198 | −$148 (-12.4%) |
| 1BR | $1,025 | $1,198 | −$173 (-14.4%) |
| 2BR | $1,400 | $1,411 | −$11 (-0.8%) |
| 2BR | $1,275 | $1,411 | −$136 (-9.7%) |
| 3BR | $1,525 | $1,785 | −$260 (-14.6%) |
| 3BR | $1,550 | $1,785 | −$235 (-13.2%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in February 2021.