Monthly Rent Report
Norwood Park Rent Report — June 2022
Asking rents in ZIP 60646, Chicago, from 14 listings.
Median 1BR rent in Norwood Park was $1,025 in June 2022, up 14.5% (+$130) from May 2022 and down 3.8% year-over-year. The middle half of 1BR listings asked between $995 and $1,300. That puts Norwood Park $225 below the Chicago citywide 1BR median of $1,250. The month's figures are based on 14 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2022 | Vs. June 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $1,025 | +$130 (+14.5%) | −$40 (-3.8%) | $995 – $1,300 | 5 |
| 2BR | $1,695 | +$420 (+32.9%) | +$295 (+21.1%) | $1,695 – $1,695 | 1 |
| 2BR | $2,000 | +$725 (+56.9%) | +$600 (+42.9%) | $2,000 – $2,000 | 1 |
| 3BR | $3,175 | +$25 (+0.8%) | +$1,475 (+86.8%) | $1,850 – $4,624 | 4 |
| 3BR | $3,175 | +$25 (+0.8%) | +$1,475 (+86.8%) | $2,513 – $3,838 | 2 |
| 4BR | $3,200 | — | — | $3,200 – $3,200 | 1 |
Median, P25, and P75 are asking rents from listings posted in June 2022. Changes compare against the nearest prior month with data.
Norwood Park vs. Chicago — June 2022
| Bedrooms | Norwood Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| 1BR | $1,025 | $1,250 | −$225 (-18.0%) |
| 2BR | $1,695 | $1,570 | +$125 (+8.0%) |
| 2BR | $2,000 | $1,570 | +$430 (+27.4%) |
| 3BR | $3,175 | $1,995 | +$1,180 (+59.1%) |
| 3BR | $3,175 | $1,995 | +$1,180 (+59.1%) |
| 4BR | $3,200 | $2,496 | +$704 (+28.2%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in June 2022.