Monthly Rent Report
Norwood Park Rent Report — March 2023
Asking rents in ZIP 60646, Chicago, from 44 listings.
Median 1BR rent in Norwood Park was $935 in March 2023, down 20.3% (−$238) from February 2023 and down 22.1% year-over-year. The middle half of 1BR listings asked between $935 and $935. That puts Norwood Park $461 below the Chicago citywide 1BR median of $1,396. The month's figures are based on 44 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2023 | Vs. March 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $935 | −$238 (-20.3%) | −$265 (-22.1%) | $935 – $935 | 1 |
| 1BR | $1,400 | +$227 (+19.4%) | +$200 (+16.7%) | $1,200 – $1,450 | 11 |
| 2BR | $1,655 | −$95 (-5.4%) | +$255 (+18.2%) | $1,655 – $1,655 | 1 |
| 2BR | $1,650 | −$100 (-5.7%) | +$250 (+17.9%) | $1,500 – $1,745 | 21 |
| 3BR | $3,450 | +$850 (+32.7%) | $0 (0.0%) | $3,400 – $3,500 | 4 |
| 3BR | $3,400 | +$800 (+30.8%) | −$50 (-1.4%) | $2,463 – $3,475 | 6 |
Median, P25, and P75 are asking rents from listings posted in March 2023. Changes compare against the nearest prior month with data.
Norwood Park vs. Chicago — March 2023
| Bedrooms | Norwood Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| 1BR | $935 | $1,396 | −$461 (-33.0%) |
| 1BR | $1,400 | $1,396 | +$4 (+0.3%) |
| 2BR | $1,655 | $1,698 | −$42 (-2.5%) |
| 2BR | $1,650 | $1,698 | −$47 (-2.8%) |
| 3BR | $3,450 | $2,200 | +$1,250 (+56.8%) |
| 3BR | $3,400 | $2,200 | +$1,200 (+54.5%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in March 2023.