Monthly Rent Report
Norwood Park Rent Report — October 2023
Asking rents in ZIP 60646, Chicago, from 55 listings.
Median 1BR rent in Norwood Park was $1,450 in October 2023, up 20.8% (+$250) from September 2023 and up 11.5% year-over-year. The middle half of 1BR listings asked between $1,450 and $1,450. That puts Norwood Park $25 below the Chicago citywide 1BR median of $1,475. The month's figures are based on 55 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2023 | Vs. October 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $1,450 | +$250 (+20.8%) | +$150 (+11.5%) | $1,450 – $1,450 | 3 |
| 1BR | $1,375 | +$175 (+14.6%) | +$75 (+5.8%) | $1,375 – $1,375 | 1 |
| 2BR | $1,800 | +$150 (+9.1%) | +$100 (+5.9%) | $1,624 – $1,975 | 14 |
| 2BR | $1,550 | −$100 (-6.1%) | −$150 (-8.8%) | $1,550 – $2,000 | 35 |
| 3BR | $3,200 | +$200 (+6.7%) | +$1,400 (+77.8%) | $3,200 – $3,200 | 1 |
| 3BR | $3,200 | +$200 (+6.7%) | +$1,400 (+77.8%) | $3,200 – $3,200 | 1 |
Median, P25, and P75 are asking rents from listings posted in October 2023. Changes compare against the nearest prior month with data.
Norwood Park vs. Chicago — October 2023
| Bedrooms | Norwood Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| 1BR | $1,450 | $1,475 | −$25 (-1.7%) |
| 1BR | $1,375 | $1,475 | −$100 (-6.8%) |
| 2BR | $1,800 | $1,800 | $0 (0.0%) |
| 2BR | $1,550 | $1,800 | −$250 (-13.9%) |
| 3BR | $3,200 | $2,450 | +$750 (+30.6%) |
| 3BR | $3,200 | $2,450 | +$750 (+30.6%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in October 2023.