Monthly Rent Report
Norwood Park Rent Report — March 2022
Asking rents in ZIP 60646, Chicago, from 11 listings.
Median 1BR rent in Norwood Park was $1,200 in March 2022, up 23.1% (+$225) from February 2022 and up 33.7% year-over-year. The middle half of 1BR listings asked between $1,075 and $1,200. That puts Norwood Park $30 below the Chicago citywide 1BR median of $1,230. The month's figures are based on 11 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2022 | Vs. March 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $900 | — | — | $900 – $900 | 1 |
| 1BR | $1,200 | +$225 (+23.1%) | +$303 (+33.7%) | $1,075 – $1,200 | 3 |
| 2BR | $1,400 | −$100 (-6.7%) | −$250 (-15.2%) | $1,400 – $1,400 | 2 |
| 3BR | $3,450 | +$50 (+1.5%) | +$1,950 (+130.0%) | $3,450 – $3,450 | 1 |
Median, P25, and P75 are asking rents from listings posted in March 2022. Changes compare against the nearest prior month with data.
Norwood Park vs. Chicago — March 2022
| Bedrooms | Norwood Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $900 | $950 | −$50 (-5.3%) |
| 1BR | $1,200 | $1,230 | −$30 (-2.4%) |
| 2BR | $1,400 | $1,473 | −$72 (-4.9%) |
| 3BR | $3,450 | $1,950 | +$1,500 (+76.9%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in March 2022.