Monthly Rent Report
Norwood Park Rent Report — December 2023
Asking rents in ZIP 60646, Chicago, from 44 listings.
Median 1BR rent in Norwood Park was $1,400 in December 2023, down 4.9% (−$72) from November 2023 and up 24.4% year-over-year. The middle half of 1BR listings asked between $1,400 and $1,400. That puts Norwood Park $55 below the Chicago citywide 1BR median of $1,455. The month's figures are based on 44 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2023 | Vs. December 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $1,400 | −$72 (-4.9%) | +$275 (+24.4%) | $1,400 – $1,400 | 1 |
| 1BR | $1,400 | −$72 (-4.9%) | +$275 (+24.4%) | $1,250 – $1,400 | 7 |
| 2BR | $1,545 | −$450 (-22.6%) | −$105 (-6.4%) | $1,545 – $1,545 | 1 |
| 2BR | $2,500 | +$505 (+25.3%) | +$850 (+51.5%) | $2,100 – $2,500 | 5 |
| 3BR | $3,400 | +$1,200 (+54.5%) | +$1,150 (+51.1%) | $2,700 – $3,675 | 8 |
| 3BR | $3,400 | +$1,200 (+54.5%) | +$1,150 (+51.1%) | $3,000 – $3,400 | 3 |
| 4BR | $3,200 | −$300 (-8.6%) | — | $3,200 – $3,200 | 1 |
| 4BR | $3,200 | −$300 (-8.6%) | — | $3,200 – $3,200 | 1 |
Median, P25, and P75 are asking rents from listings posted in December 2023. Changes compare against the nearest prior month with data.
Norwood Park vs. Chicago — December 2023
| Bedrooms | Norwood Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| 1BR | $1,400 | $1,455 | −$55 (-3.8%) |
| 1BR | $1,400 | $1,455 | −$55 (-3.8%) |
| 2BR | $1,545 | $1,800 | −$255 (-14.2%) |
| 2BR | $2,500 | $1,800 | +$700 (+38.9%) |
| 3BR | $3,400 | $2,472 | +$928 (+37.5%) |
| 3BR | $3,400 | $2,472 | +$928 (+37.5%) |
| 4BR | $3,200 | $2,630 | +$570 (+21.7%) |
| 4BR | $3,200 | $2,630 | +$570 (+21.7%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in December 2023.