Monthly Rent Report
Norwood Park Rent Report — January 2023
Asking rents in ZIP 60646, Chicago, from 22 listings.
Median 1BR rent in Norwood Park was $1,238 in January 2023, up 10.0% (+$113) from December 2022 and up 28.2% year-over-year. The middle half of 1BR listings asked between $1,150 and $1,325. That puts Norwood Park $113 below the Chicago citywide 1BR median of $1,350. The month's figures are based on 22 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2022 | Vs. January 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $900 | −$35 (-3.7%) | $0 (0.0%) | $900 – $900 | 1 |
| Studio | $900 | −$35 (-3.7%) | $0 (0.0%) | $900 – $900 | 1 |
| 1BR | $1,238 | +$113 (+10.0%) | +$273 (+28.2%) | $1,150 – $1,325 | 6 |
| 1BR | $1,150 | +$25 (+2.2%) | +$185 (+19.2%) | $1,150 – $1,150 | 1 |
| 2BR | $1,463 | −$187 (-11.4%) | −$37 (-2.5%) | $1,406 – $1,609 | 6 |
| 2BR | $2,100 | +$450 (+27.3%) | +$600 (+40.0%) | $2,100 – $2,100 | 1 |
| 3BR | $3,500 | +$1,250 (+55.6%) | +$100 (+2.9%) | $3,500 – $3,500 | 1 |
| 3BR | $3,500 | +$1,250 (+55.6%) | +$100 (+2.9%) | $3,500 – $3,500 | 2 |
Median, P25, and P75 are asking rents from listings posted in January 2023. Changes compare against the nearest prior month with data.
Norwood Park vs. Chicago — January 2023
| Bedrooms | Norwood Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $900 | $1,061 | −$161 (-15.2%) |
| Studio | $900 | $1,061 | −$161 (-15.2%) |
| 1BR | $1,238 | $1,350 | −$112 (-8.3%) |
| 1BR | $1,150 | $1,350 | −$200 (-14.8%) |
| 2BR | $1,463 | $1,698 | −$235 (-13.8%) |
| 2BR | $2,100 | $1,698 | +$403 (+23.7%) |
| 3BR | $3,500 | $2,123 | +$1,378 (+64.9%) |
| 3BR | $3,500 | $2,123 | +$1,378 (+64.9%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in January 2023.