Monthly Rent Report
Norwood Park Rent Report — April 2023
Asking rents in ZIP 60646, Chicago, from 51 listings.
Median 1BR rent in Norwood Park was $1,375 in April 2023, up 47.1% (+$440) from March 2023 and up 14.6% year-over-year. The middle half of 1BR listings asked between $1,219 and $1,400. That puts Norwood Park $50 below the Chicago citywide 1BR median of $1,425. The month's figures are based on 51 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2023 | Vs. April 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $1,375 | +$440 (+47.1%) | +$175 (+14.6%) | $1,219 – $1,400 | 10 |
| 1BR | $1,375 | +$440 (+47.1%) | +$175 (+14.6%) | $1,219 – $1,400 | 10 |
| 2BR | $1,750 | +$95 (+5.7%) | +$125 (+7.7%) | $1,750 – $1,750 | 1 |
| 2BR | $1,650 | −$5 (-0.3%) | +$25 (+1.5%) | $1,521 – $1,800 | 18 |
| 3BR | $2,600 | −$800 (-23.5%) | +$300 (+13.0%) | $2,375 – $2,600 | 6 |
| 3BR | $2,600 | −$800 (-23.5%) | +$300 (+13.0%) | $2,375 – $2,600 | 6 |
Median, P25, and P75 are asking rents from listings posted in April 2023. Changes compare against the nearest prior month with data.
Norwood Park vs. Chicago — April 2023
| Bedrooms | Norwood Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| 1BR | $1,375 | $1,425 | −$50 (-3.5%) |
| 1BR | $1,375 | $1,425 | −$50 (-3.5%) |
| 2BR | $1,750 | $1,725 | +$25 (+1.4%) |
| 2BR | $1,650 | $1,725 | −$75 (-4.3%) |
| 3BR | $2,600 | $2,300 | +$300 (+13.0%) |
| 3BR | $2,600 | $2,300 | +$300 (+13.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in April 2023.