Monthly Rent Report
Norwood Park Rent Report — January 2022
Asking rents in ZIP 60646, Chicago, from 6 listings.
Median 1BR rent in Norwood Park was $965 in January 2022, down 3.0% (−$30) from December 2021 and down 3.5% year-over-year. The middle half of 1BR listings asked between $958 and $973. That puts Norwood Park $320 below the Chicago citywide 1BR median of $1,285. The month's figures are based on 6 listings across 4 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2021 | Vs. January 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $900 | — | — | $900 – $900 | 1 |
| 1BR | $965 | −$30 (-3.0%) | −$35 (-3.5%) | $958 – $973 | 2 |
| 2BR | $1,500 | +$50 (+3.4%) | +$100 (+7.1%) | $1,500 – $1,500 | 2 |
| 3BR | $3,400 | +$2,200 (+183.3%) | +$1,603 (+89.2%) | $3,400 – $3,400 | 1 |
Median, P25, and P75 are asking rents from listings posted in January 2022. Changes compare against the nearest prior month with data.
Norwood Park vs. Chicago — January 2022
| Bedrooms | Norwood Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $900 | $1,000 | −$100 (-10.0%) |
| 1BR | $965 | $1,285 | −$320 (-24.9%) |
| 2BR | $1,500 | $1,500 | $0 (0.0%) |
| 3BR | $3,400 | $1,975 | +$1,425 (+72.2%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in January 2022.