Monthly Rent Report
Norwood Park Rent Report — June 2023
Asking rents in ZIP 60646, Chicago, from 39 listings.
Median 1BR rent in Norwood Park was $1,200 in June 2023, down 11.1% (−$150) from May 2023 and up 17.1% year-over-year. The middle half of 1BR listings asked between $1,100 and $1,213. That puts Norwood Park $200 below the Chicago citywide 1BR median of $1,400. The month's figures are based on 39 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2023 | Vs. June 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $1,200 | −$150 (-11.1%) | +$175 (+17.1%) | $1,100 – $1,213 | 8 |
| 1BR | $1,225 | −$125 (-9.3%) | +$200 (+19.5%) | $1,213 – $1,238 | 2 |
| 2BR | $1,500 | −$100 (-6.3%) | −$500 (-25.0%) | $1,495 – $1,723 | 12 |
| 2BR | $1,950 | +$350 (+21.9%) | −$50 (-2.5%) | $1,950 – $1,950 | 1 |
| 3BR | $2,200 | −$400 (-15.4%) | −$975 (-30.7%) | $2,200 – $2,250 | 10 |
| 3BR | $3,800 | +$1,200 (+46.2%) | +$625 (+19.7%) | $3,800 – $3,800 | 1 |
| 4BR | $3,475 | +$280 (+8.8%) | +$275 (+8.6%) | $3,475 – $3,475 | 1 |
| 4BR | $3,475 | +$280 (+8.8%) | +$275 (+8.6%) | $3,475 – $3,475 | 1 |
Median, P25, and P75 are asking rents from listings posted in June 2023. Changes compare against the nearest prior month with data.
Norwood Park vs. Chicago — June 2023
| Bedrooms | Norwood Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| 1BR | $1,200 | $1,400 | −$200 (-14.3%) |
| 1BR | $1,225 | $1,400 | −$175 (-12.5%) |
| 2BR | $1,500 | $1,700 | −$200 (-11.8%) |
| 2BR | $1,950 | $1,700 | +$250 (+14.7%) |
| 3BR | $2,200 | $2,275 | −$75 (-3.3%) |
| 3BR | $3,800 | $2,275 | +$1,525 (+67.0%) |
| 4BR | $3,475 | $2,500 | +$975 (+39.0%) |
| 4BR | $3,475 | $2,500 | +$975 (+39.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in June 2023.