Monthly Rent Report
Norwood Park Rent Report — November 2022
Asking rents in ZIP 60646, Chicago, from 25 listings.
Median 1BR rent in Norwood Park was $1,310 in November 2022, up 0.8% (+$10) from October 2022 and up 34.4% year-over-year. The middle half of 1BR listings asked between $1,295 and $1,344. That puts Norwood Park $90 below the Chicago citywide 1BR median of $1,400. The month's figures are based on 25 listings across 7 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2022 | Vs. November 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $1,310 | +$10 (+0.8%) | +$335 (+34.4%) | $1,295 – $1,344 | 6 |
| 1BR | $1,323 | +$23 (+1.7%) | +$348 (+35.6%) | $1,309 – $1,336 | 2 |
| 2BR | $1,700 | $0 (0.0%) | +$488 (+40.2%) | $1,500 – $1,795 | 9 |
| 2BR | $1,350 | −$350 (-20.6%) | +$138 (+11.3%) | $1,350 – $1,350 | 1 |
| 3BR | $2,150 | +$350 (+19.4%) | — | $2,050 – $2,250 | 2 |
| 3BR | $2,300 | +$500 (+27.8%) | — | $2,175 – $2,350 | 4 |
| 4BR | $3,600 | — | — | $3,600 – $3,600 | 1 |
Median, P25, and P75 are asking rents from listings posted in November 2022. Changes compare against the nearest prior month with data.
Norwood Park vs. Chicago — November 2022
| Bedrooms | Norwood Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| 1BR | $1,310 | $1,400 | −$90 (-6.4%) |
| 1BR | $1,323 | $1,400 | −$77 (-5.5%) |
| 2BR | $1,700 | $1,700 | $0 (0.0%) |
| 2BR | $1,350 | $1,700 | −$350 (-20.6%) |
| 3BR | $2,150 | $2,100 | +$50 (+2.4%) |
| 3BR | $2,300 | $2,100 | +$200 (+9.5%) |
| 4BR | $3,600 | $2,500 | +$1,100 (+44.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in November 2022.