Monthly Rent Report
Norwood Park Rent Report — July 2021
Asking rents in ZIP 60646, Chicago, from 30 listings.
Median 1BR rent in Norwood Park was $1,195 in July 2021, up 12.2% (+$130) from June 2021 and up 18.6% year-over-year. The middle half of 1BR listings asked between $950 and $1,348. That puts Norwood Park in line with the Chicago citywide 1BR median of $1,195. The month's figures are based on 30 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2021 | Vs. July 2020 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $925 | — | −$125 (-11.9%) | $925 – $925 | 2 |
| Studio | $925 | — | −$125 (-11.9%) | $925 – $925 | 2 |
| 1BR | $1,195 | +$130 (+12.2%) | +$188 (+18.6%) | $950 – $1,348 | 7 |
| 1BR | $1,195 | +$130 (+12.2%) | +$188 (+18.6%) | $950 – $1,348 | 7 |
| 2BR | $1,490 | +$90 (+6.4%) | −$110 (-6.9%) | $1,275 – $1,650 | 5 |
| 2BR | $1,490 | +$90 (+6.4%) | −$110 (-6.9%) | $1,275 – $1,650 | 5 |
| 3BR | $2,295 | +$595 (+35.0%) | +$95 (+4.3%) | $2,295 – $2,295 | 1 |
| 3BR | $2,295 | +$595 (+35.0%) | +$95 (+4.3%) | $2,295 – $2,295 | 1 |
Median, P25, and P75 are asking rents from listings posted in July 2021. Changes compare against the nearest prior month with data.
Norwood Park vs. Chicago — July 2021
| Bedrooms | Norwood Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $925 | $1,038 | −$112 (-10.8%) |
| Studio | $925 | $1,038 | −$112 (-10.8%) |
| 1BR | $1,195 | $1,195 | $0 (0.0%) |
| 1BR | $1,195 | $1,195 | $0 (0.0%) |
| 2BR | $1,490 | $1,498 | −$7 (-0.5%) |
| 2BR | $1,490 | $1,498 | −$7 (-0.5%) |
| 3BR | $2,295 | $1,943 | +$353 (+18.1%) |
| 3BR | $2,295 | $1,943 | +$353 (+18.1%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in July 2021.