Monthly Rent Report
Norwood Park Rent Report — February 2023
Asking rents in ZIP 60646, Chicago, from 38 listings.
Median 1BR rent in Norwood Park was $1,173 in February 2023, down 5.2% (−$64) from January 2023 and up 20.3% year-over-year. The middle half of 1BR listings asked between $1,173 and $1,173. That puts Norwood Park $227 below the Chicago citywide 1BR median of $1,400. The month's figures are based on 38 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2023 | Vs. February 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $935 | +$35 (+3.9%) | — | $935 – $935 | 1 |
| Studio | $935 | +$35 (+3.9%) | — | $935 – $935 | 1 |
| 1BR | $1,173 | −$64 (-5.2%) | +$198 (+20.3%) | $1,173 – $1,173 | 1 |
| 1BR | $1,300 | +$63 (+5.1%) | +$325 (+33.3%) | $1,200 – $1,400 | 17 |
| 2BR | $1,750 | +$288 (+19.7%) | +$250 (+16.7%) | $1,600 – $1,750 | 9 |
| 2BR | $1,500 | +$38 (+2.6%) | $0 (0.0%) | $1,500 – $1,500 | 1 |
| 3BR | $2,200 | −$1,300 (-37.1%) | −$1,200 (-35.3%) | $2,200 – $2,200 | 1 |
| 3BR | $2,600 | −$900 (-25.7%) | −$800 (-23.5%) | $2,400 – $3,050 | 3 |
Median, P25, and P75 are asking rents from listings posted in February 2023. Changes compare against the nearest prior month with data.
Norwood Park vs. Chicago — February 2023
| Bedrooms | Norwood Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $935 | $1,149 | −$214 (-18.6%) |
| Studio | $935 | $1,149 | −$214 (-18.6%) |
| 1BR | $1,173 | $1,400 | −$227 (-16.2%) |
| 1BR | $1,300 | $1,400 | −$100 (-7.1%) |
| 2BR | $1,750 | $1,695 | +$55 (+3.2%) |
| 2BR | $1,500 | $1,695 | −$195 (-11.5%) |
| 3BR | $2,200 | $2,188 | +$13 (+0.6%) |
| 3BR | $2,600 | $2,188 | +$413 (+18.9%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in February 2023.