Monthly Rent Report
Norwood Park Rent Report — October 2022
Asking rents in ZIP 60646, Chicago, from 36 listings.
Median 1BR rent in Norwood Park was $1,300 in October 2022, up 8.3% (+$100) from September 2022 and up 36.8% year-over-year. The middle half of 1BR listings asked between $1,250 and $1,300. That puts Norwood Park in line with the Chicago citywide 1BR median of $1,318. The month's figures are based on 36 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2022 | Vs. October 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $950 | — | +$75 (+8.6%) | $950 – $950 | 1 |
| Studio | $950 | — | +$75 (+8.6%) | $950 – $950 | 1 |
| 1BR | $1,300 | +$100 (+8.3%) | +$350 (+36.8%) | $1,250 – $1,300 | 5 |
| 1BR | $1,300 | +$100 (+8.3%) | +$350 (+36.8%) | $1,275 – $1,325 | 3 |
| 2BR | $1,700 | +$150 (+9.7%) | +$205 (+13.7%) | $1,615 – $1,775 | 11 |
| 2BR | $1,700 | +$150 (+9.7%) | +$205 (+13.7%) | $1,623 – $1,738 | 12 |
| 3BR | $1,800 | −$150 (-7.7%) | +$350 (+24.1%) | $1,800 – $1,800 | 1 |
| 3BR | $2,650 | +$700 (+35.9%) | +$1,200 (+82.8%) | $2,125 – $3,175 | 2 |
Median, P25, and P75 are asking rents from listings posted in October 2022. Changes compare against the nearest prior month with data.
Norwood Park vs. Chicago — October 2022
| Bedrooms | Norwood Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $950 | $1,050 | −$100 (-9.5%) |
| Studio | $950 | $1,050 | −$100 (-9.5%) |
| 1BR | $1,300 | $1,318 | −$17 (-1.3%) |
| 1BR | $1,300 | $1,318 | −$17 (-1.3%) |
| 2BR | $1,700 | $1,700 | $0 (0.0%) |
| 2BR | $1,700 | $1,700 | $0 (0.0%) |
| 3BR | $1,800 | $2,190 | −$390 (-17.8%) |
| 3BR | $2,650 | $2,190 | +$460 (+21.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in October 2022.