Monthly Rent Report
Norwood Park Rent Report — April 2021
Asking rents in ZIP 60646, Chicago, from 19 listings.
Median 1BR rent in Norwood Park was $1,000 in April 2021, up 11.4% (+$103) from March 2021 and down 13.0% year-over-year. The middle half of 1BR listings asked between $950 and $1,050. That puts Norwood Park $250 below the Chicago citywide 1BR median of $1,250. The month's figures are based on 19 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2021 | Vs. April 2020 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $845 | — | −$5 (-0.6%) | $845 – $845 | 1 |
| Studio | $845 | — | −$5 (-0.6%) | $845 – $845 | 1 |
| 1BR | $1,000 | +$103 (+11.4%) | −$150 (-13.0%) | $950 – $1,050 | 3 |
| 1BR | $1,000 | +$103 (+11.4%) | −$150 (-13.0%) | $950 – $1,050 | 3 |
| 2BR | $1,295 | −$2 (-0.2%) | −$255 (-16.5%) | $1,278 – $1,325 | 7 |
| 2BR | $1,725 | +$428 (+32.9%) | +$175 (+11.3%) | $1,713 – $1,738 | 2 |
| 3BR | $2,300 | +$800 (+53.3%) | +$750 (+48.4%) | $2,300 – $2,300 | 1 |
| 3BR | $2,300 | +$800 (+53.3%) | +$750 (+48.4%) | $2,300 – $2,300 | 1 |
Median, P25, and P75 are asking rents from listings posted in April 2021. Changes compare against the nearest prior month with data.
Norwood Park vs. Chicago — April 2021
| Bedrooms | Norwood Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $845 | $1,041 | −$196 (-18.8%) |
| Studio | $845 | $1,041 | −$196 (-18.8%) |
| 1BR | $1,000 | $1,250 | −$250 (-20.0%) |
| 1BR | $1,000 | $1,250 | −$250 (-20.0%) |
| 2BR | $1,295 | $1,510 | −$215 (-14.2%) |
| 2BR | $1,725 | $1,510 | +$215 (+14.2%) |
| 3BR | $2,300 | $1,935 | +$365 (+18.9%) |
| 3BR | $2,300 | $1,935 | +$365 (+18.9%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in April 2021.