Monthly Rent Report
Norwood Park Rent Report — December 2022
Asking rents in ZIP 60646, Chicago, from 16 listings.
Median 1BR rent in Norwood Park was $1,350 in December 2022, up 3.1% (+$40) from November 2022 and up 35.7% year-over-year. The middle half of 1BR listings asked between $1,125 and $1,350. That puts Norwood Park in line with the Chicago citywide 1BR median of $1,345. The month's figures are based on 16 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2022 | Vs. December 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $935 | — | — | $935 – $935 | 1 |
| Studio | $935 | — | — | $935 – $935 | 1 |
| 1BR | $1,350 | +$40 (+3.1%) | +$355 (+35.7%) | $1,125 – $1,350 | 5 |
| 1BR | $1,125 | −$185 (-14.1%) | +$130 (+13.1%) | $1,113 – $1,238 | 3 |
| 2BR | $1,650 | −$50 (-2.9%) | +$200 (+13.8%) | $1,650 – $1,650 | 1 |
| 2BR | $1,650 | −$50 (-2.9%) | +$200 (+13.8%) | $1,650 – $1,650 | 2 |
| 3BR | $2,250 | +$100 (+4.7%) | +$1,050 (+87.5%) | $2,250 – $2,250 | 2 |
| 3BR | $2,250 | +$100 (+4.7%) | +$1,050 (+87.5%) | $2,250 – $2,250 | 1 |
Median, P25, and P75 are asking rents from listings posted in December 2022. Changes compare against the nearest prior month with data.
Norwood Park vs. Chicago — December 2022
| Bedrooms | Norwood Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $935 | $1,050 | −$115 (-11.0%) |
| Studio | $935 | $1,050 | −$115 (-11.0%) |
| 1BR | $1,350 | $1,345 | +$5 (+0.4%) |
| 1BR | $1,125 | $1,345 | −$220 (-16.4%) |
| 2BR | $1,650 | $1,675 | −$25 (-1.5%) |
| 2BR | $1,650 | $1,675 | −$25 (-1.5%) |
| 3BR | $2,250 | $2,181 | +$69 (+3.2%) |
| 3BR | $2,250 | $2,181 | +$69 (+3.2%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in December 2022.