Monthly Rent Report
Norwood Park Rent Report — May 2022
Asking rents in ZIP 60646, Chicago, from 5 listings.
Median 1BR rent in Norwood Park was $895 in May 2022, down 25.4% (−$305) from April 2022. The middle half of 1BR listings asked between $895 and $895. That puts Norwood Park $403 below the Chicago citywide 1BR median of $1,298. The month's figures are based on 5 listings across 5 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2022 | Vs. May 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $900 | — | — | $900 – $900 | 1 |
| 1BR | $895 | −$305 (-25.4%) | — | $895 – $895 | 1 |
| 2BR | $1,650 | +$25 (+1.5%) | +$130 (+8.6%) | $1,650 – $1,650 | 1 |
| 2BR | $1,275 | −$350 (-21.5%) | −$245 (-16.1%) | $1,275 – $1,275 | 1 |
| 3BR | $3,150 | +$850 (+37.0%) | +$1,100 (+53.7%) | $3,150 – $3,150 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2022. Changes compare against the nearest prior month with data.
Norwood Park vs. Chicago — May 2022
| Bedrooms | Norwood Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $900 | $1,050 | −$150 (-14.3%) |
| 1BR | $895 | $1,298 | −$402 (-31.0%) |
| 2BR | $1,650 | $1,599 | +$51 (+3.2%) |
| 2BR | $1,275 | $1,599 | −$324 (-20.3%) |
| 3BR | $3,150 | $2,100 | +$1,050 (+50.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2022.