Monthly Rent Report
Norwood Park Rent Report — March 2021
Asking rents in ZIP 60646, Chicago, from 17 listings.
Median 1BR rent in Norwood Park was $898 in March 2021, down 14.5% (−$152) from February 2021 and down 17.5% year-over-year. The middle half of 1BR listings asked between $896 and $899. That puts Norwood Park $315 below the Chicago citywide 1BR median of $1,213. The month's figures are based on 17 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2021 | Vs. March 2020 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $898 | −$152 (-14.5%) | −$190 (-17.5%) | $896 – $899 | 2 |
| 1BR | $1,063 | +$13 (+1.2%) | −$25 (-2.3%) | $1,031 – $1,094 | 2 |
| 2BR | $1,650 | +$250 (+17.9%) | −$50 (-2.9%) | $1,650 – $1,650 | 1 |
| 2BR | $1,298 | −$102 (-7.3%) | −$402 (-23.7%) | $1,296 – $1,299 | 2 |
| 3BR | $1,500 | −$50 (-3.2%) | −$450 (-23.1%) | $1,450 – $1,525 | 5 |
| 3BR | $1,500 | −$50 (-3.2%) | −$450 (-23.1%) | $1,450 – $1,525 | 5 |
Median, P25, and P75 are asking rents from listings posted in March 2021. Changes compare against the nearest prior month with data.
Norwood Park vs. Chicago — March 2021
| Bedrooms | Norwood Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| 1BR | $898 | $1,213 | −$315 (-26.0%) |
| 1BR | $1,063 | $1,213 | −$150 (-12.4%) |
| 2BR | $1,650 | $1,545 | +$105 (+6.8%) |
| 2BR | $1,298 | $1,545 | −$247 (-16.0%) |
| 3BR | $1,500 | $1,945 | −$445 (-22.9%) |
| 3BR | $1,500 | $1,945 | −$445 (-22.9%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in March 2021.