Monthly Rent Report
Norwood Park Rent Report — August 2023
Asking rents in ZIP 60646, Chicago, from 17 listings.
Median 1BR rent in Norwood Park was $1,325 in August 2023, down 11.7% (−$175) from July 2023. The middle half of 1BR listings asked between $1,325 and $1,369. That puts Norwood Park $195 below the Chicago citywide 1BR median of $1,520. The month's figures are based on 17 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $1,325 | −$175 (-11.7%) | — | $1,325 – $1,369 | 4 |
| 1BR | $1,325 | −$175 (-11.7%) | — | $1,325 – $1,413 | 3 |
| 2BR | $1,650 | +$155 (+10.4%) | +$100 (+6.5%) | $1,650 – $1,650 | 1 |
| 2BR | $1,785 | +$290 (+19.4%) | +$235 (+15.2%) | $1,785 – $1,785 | 1 |
| 3BR | $3,000 | +$400 (+15.4%) | +$600 (+25.0%) | $3,000 – $3,000 | 1 |
| 3BR | $3,300 | +$700 (+26.9%) | +$900 (+37.5%) | $3,300 – $3,300 | 1 |
| 4BR | $2,950 | −$350 (-10.6%) | — | $2,950 – $2,950 | 1 |
| 4BR | $2,950 | −$350 (-10.6%) | — | $2,950 – $2,950 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Norwood Park vs. Chicago — August 2023
| Bedrooms | Norwood Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| 1BR | $1,325 | $1,520 | −$195 (-12.8%) |
| 1BR | $1,325 | $1,520 | −$195 (-12.8%) |
| 2BR | $1,650 | $1,808 | −$157 (-8.7%) |
| 2BR | $1,785 | $1,808 | −$22 (-1.2%) |
| 3BR | $3,000 | $2,395 | +$605 (+25.3%) |
| 3BR | $3,300 | $2,395 | +$905 (+37.8%) |
| 4BR | $2,950 | $2,692 | +$258 (+9.6%) |
| 4BR | $2,950 | $2,692 | +$258 (+9.6%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2023.