Monthly Rent Report
Norwood Park Rent Report — September 2023
Asking rents in ZIP 60646, Chicago, from 8 listings.
Median 1BR rent in Norwood Park was $1,200 in September 2023, down 9.4% (−$125) from August 2023 and unchanged year-over-year. The middle half of 1BR listings asked between $1,200 and $1,200. That puts Norwood Park $250 below the Chicago citywide 1BR median of $1,450. The month's figures are based on 8 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2023 | Vs. September 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $945 | — | — | $945 – $945 | 1 |
| 1BR | $1,200 | −$125 (-9.4%) | $0 (0.0%) | $1,200 – $1,200 | 1 |
| 2BR | $2,000 | +$215 (+12.0%) | +$450 (+29.0%) | $1,775 – $2,000 | 3 |
| 2BR | $1,650 | −$135 (-7.6%) | +$100 (+6.5%) | $1,650 – $1,650 | 1 |
| 3BR | $3,000 | $0 (0.0%) | +$1,050 (+53.8%) | $3,000 – $3,000 | 1 |
| 4BR | $2,950 | $0 (0.0%) | — | $2,950 – $2,950 | 1 |
Median, P25, and P75 are asking rents from listings posted in September 2023. Changes compare against the nearest prior month with data.
Norwood Park vs. Chicago — September 2023
| Bedrooms | Norwood Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $945 | $1,238 | −$292 (-23.6%) |
| 1BR | $1,200 | $1,450 | −$250 (-17.2%) |
| 2BR | $2,000 | $1,738 | +$263 (+15.1%) |
| 2BR | $1,650 | $1,738 | −$87 (-5.0%) |
| 3BR | $3,000 | $2,327 | +$673 (+28.9%) |
| 4BR | $2,950 | $2,783 | +$167 (+6.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in September 2023.