Monthly Rent Report
Norwood Park Rent Report — September 2021
Asking rents in ZIP 60646, Chicago, from 31 listings.
Median 1BR rent in Norwood Park was $1,048 in September 2021, down 10.9% (−$127) from August 2021 and down 34.5% year-over-year. The middle half of 1BR listings asked between $965 and $1,125. That puts Norwood Park $160 below the Chicago citywide 1BR median of $1,207. The month's figures are based on 31 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2021 | Vs. September 2020 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $925 | +$50 (+5.7%) | — | $900 – $925 | 3 |
| Studio | $925 | +$50 (+5.7%) | — | $925 – $925 | 1 |
| 1BR | $1,048 | −$127 (-10.9%) | −$552 (-34.5%) | $965 – $1,125 | 4 |
| 1BR | $1,048 | −$127 (-10.9%) | −$552 (-34.5%) | $965 – $1,125 | 4 |
| 2BR | $1,595 | +$333 (+26.3%) | −$455 (-22.2%) | $1,375 – $1,825 | 7 |
| 2BR | $1,650 | +$388 (+30.7%) | −$400 (-19.5%) | $1,463 – $1,650 | 6 |
| 3BR | $1,800 | −$600 (-25.0%) | −$50 (-2.7%) | $1,800 – $1,800 | 1 |
| 3BR | $2,700 | +$300 (+12.5%) | +$850 (+45.9%) | $2,650 – $2,750 | 2 |
| 4BR | $2,300 | — | — | $2,300 – $2,300 | 1 |
Median, P25, and P75 are asking rents from listings posted in September 2021. Changes compare against the nearest prior month with data.
Norwood Park vs. Chicago — September 2021
| Bedrooms | Norwood Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $925 | $998 | −$72 (-7.3%) |
| Studio | $925 | $998 | −$72 (-7.3%) |
| 1BR | $1,048 | $1,207 | −$160 (-13.2%) |
| 1BR | $1,048 | $1,207 | −$160 (-13.2%) |
| 2BR | $1,595 | $1,520 | +$75 (+4.9%) |
| 2BR | $1,650 | $1,520 | +$130 (+8.6%) |
| 3BR | $1,800 | $1,900 | −$100 (-5.3%) |
| 3BR | $2,700 | $1,900 | +$800 (+42.1%) |
| 4BR | $2,300 | $2,075 | +$225 (+10.8%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in September 2021.