Monthly Rent Report
Norwood Park Rent Report — November 2023
Asking rents in ZIP 60646, Chicago, from 42 listings.
Median 1BR rent in Norwood Park was $1,473 in November 2023, up 7.1% (+$98) from October 2023 and up 11.3% year-over-year. The middle half of 1BR listings asked between $1,450 and $1,575. That puts Norwood Park $31 below the Chicago citywide 1BR median of $1,504. The month's figures are based on 42 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2023 | Vs. November 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $950 | — | — | $950 – $950 | 3 |
| Studio | $950 | — | — | $950 – $950 | 3 |
| 1BR | $1,473 | +$98 (+7.1%) | +$150 (+11.3%) | $1,450 – $1,575 | 8 |
| 1BR | $1,473 | +$98 (+7.1%) | +$150 (+11.3%) | $1,450 – $1,575 | 8 |
| 2BR | $1,995 | +$195 (+10.8%) | +$295 (+17.4%) | $1,995 – $1,995 | 1 |
| 2BR | $2,250 | +$450 (+25.0%) | +$550 (+32.4%) | $2,250 – $2,250 | 2 |
| 3BR | $2,200 | −$1,000 (-31.3%) | −$100 (-4.3%) | $2,000 – $2,400 | 6 |
| 3BR | $3,228 | +$28 (+0.9%) | +$928 (+40.3%) | $3,228 – $3,228 | 1 |
| 4BR | $3,500 | — | −$100 (-2.8%) | $3,350 – $3,500 | 3 |
| 4BR | $3,500 | — | −$100 (-2.8%) | $3,350 – $3,500 | 3 |
Median, P25, and P75 are asking rents from listings posted in November 2023. Changes compare against the nearest prior month with data.
Norwood Park vs. Chicago — November 2023
| Bedrooms | Norwood Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $950 | $1,160 | −$210 (-18.1%) |
| Studio | $950 | $1,160 | −$210 (-18.1%) |
| 1BR | $1,473 | $1,504 | −$31 (-2.1%) |
| 1BR | $1,473 | $1,504 | −$31 (-2.1%) |
| 2BR | $1,995 | $1,800 | +$195 (+10.8%) |
| 2BR | $2,250 | $1,800 | +$450 (+25.0%) |
| 3BR | $2,200 | $2,298 | −$97 (-4.2%) |
| 3BR | $3,228 | $2,298 | +$931 (+40.5%) |
| 4BR | $3,500 | $2,750 | +$750 (+27.3%) |
| 4BR | $3,500 | $2,750 | +$750 (+27.3%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in November 2023.