Monthly Rent Report
Norwood Park Rent Report — August 2022
Asking rents in ZIP 60646, Chicago, from 23 listings.
Median 2BR rent in Norwood Park was $1,550 in August 2022, down 42.6% (−$1,150) from July 2022 and up 10.7% year-over-year. The middle half of 2BR listings asked between $1,538 and $1,650. That puts Norwood Park $245 below the Chicago citywide 2BR median of $1,795. The month's figures are based on 23 listings across 4 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2022 | Vs. August 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 2BR | $1,550 | −$1,150 (-42.6%) | +$150 (+10.7%) | $1,538 – $1,650 | 8 |
| 2BR | $1,550 | −$1,150 (-42.6%) | +$150 (+10.7%) | $1,550 – $1,650 | 7 |
| 3BR | $2,400 | −$1,050 (-30.4%) | $0 (0.0%) | $1,850 – $2,875 | 6 |
| 3BR | $2,800 | −$650 (-18.9%) | +$400 (+16.6%) | $2,799 – $2,800 | 2 |
Median, P25, and P75 are asking rents from listings posted in August 2022. Changes compare against the nearest prior month with data.
Norwood Park vs. Chicago — August 2022
| Bedrooms | Norwood Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| 2BR | $1,550 | $1,795 | −$245 (-13.6%) |
| 2BR | $1,550 | $1,795 | −$245 (-13.6%) |
| 3BR | $2,400 | $2,250 | +$150 (+6.7%) |
| 3BR | $2,800 | $2,250 | +$550 (+24.4%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2022.