Monthly Rent Report
Norwood Park Rent Report — July 2022
Asking rents in ZIP 60646, Chicago, from 16 listings.
Median 1BR rent in Norwood Park was $1,070 in July 2022, up 4.4% (+$45) from June 2022 and down 10.5% year-over-year. The middle half of 1BR listings asked between $1,050 and $1,155. That puts Norwood Park $155 below the Chicago citywide 1BR median of $1,225. The month's figures are based on 16 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2022 | Vs. July 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $1,070 | +$45 (+4.4%) | −$125 (-10.5%) | $1,050 – $1,155 | 4 |
| 1BR | $1,050 | +$25 (+2.4%) | −$145 (-12.1%) | $1,050 – $1,050 | 1 |
| 2BR | $2,700 | +$1,005 (+59.3%) | +$1,210 (+81.2%) | $2,700 – $2,700 | 1 |
| 2BR | $1,400 | −$295 (-17.4%) | −$90 (-6.0%) | $1,400 – $1,550 | 3 |
| 3BR | $3,150 | −$25 (-0.8%) | +$855 (+37.3%) | $3,150 – $3,150 | 1 |
| 3BR | $3,450 | +$275 (+8.7%) | +$1,155 (+50.3%) | $3,400 – $3,500 | 6 |
Median, P25, and P75 are asking rents from listings posted in July 2022. Changes compare against the nearest prior month with data.
Norwood Park vs. Chicago — July 2022
| Bedrooms | Norwood Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| 1BR | $1,070 | $1,225 | −$155 (-12.7%) |
| 1BR | $1,050 | $1,225 | −$175 (-14.3%) |
| 2BR | $2,700 | $1,695 | +$1,005 (+59.3%) |
| 2BR | $1,400 | $1,695 | −$295 (-17.4%) |
| 3BR | $3,150 | $2,200 | +$950 (+43.2%) |
| 3BR | $3,450 | $2,200 | +$1,250 (+56.8%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in July 2022.