Monthly Rent Report
Norwood Park Rent Report — August 2021
Asking rents in ZIP 60646, Chicago, from 23 listings.
Median 1BR rent in Norwood Park was $1,100 in August 2021, down 7.9% (−$95) from July 2021. The middle half of 1BR listings asked between $969 and $1,175. That puts Norwood Park $98 below the Chicago citywide 1BR median of $1,198. The month's figures are based on 23 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2021 | Vs. August 2020 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $875 | −$50 (-5.4%) | +$13 (+1.4%) | $875 – $875 | 2 |
| Studio | $925 | $0 (0.0%) | +$63 (+7.2%) | $925 – $925 | 1 |
| 1BR | $1,100 | −$95 (-7.9%) | — | $969 – $1,175 | 6 |
| 1BR | $1,175 | −$20 (-1.7%) | — | $1,175 – $1,175 | 1 |
| 2BR | $1,263 | −$227 (-15.3%) | +$25 (+2.0%) | $1,138 – $1,388 | 6 |
| 2BR | $1,400 | −$90 (-6.0%) | +$163 (+13.1%) | $1,400 – $1,400 | 1 |
| 3BR | $2,400 | +$105 (+4.6%) | +$350 (+17.1%) | $2,200 – $2,600 | 3 |
| 3BR | $2,400 | +$105 (+4.6%) | +$350 (+17.1%) | $2,200 – $2,600 | 3 |
Median, P25, and P75 are asking rents from listings posted in August 2021. Changes compare against the nearest prior month with data.
Norwood Park vs. Chicago — August 2021
| Bedrooms | Norwood Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $875 | $1,050 | −$175 (-16.7%) |
| Studio | $925 | $1,050 | −$125 (-11.9%) |
| 1BR | $1,100 | $1,198 | −$97 (-8.1%) |
| 1BR | $1,175 | $1,198 | −$22 (-1.9%) |
| 2BR | $1,263 | $1,498 | −$235 (-15.7%) |
| 2BR | $1,400 | $1,498 | −$97 (-6.5%) |
| 3BR | $2,400 | $2,000 | +$400 (+20.0%) |
| 3BR | $2,400 | $2,000 | +$400 (+20.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2021.