Monthly Rent Report
Norwood Park Rent Report — January 2024
Asking rents in ZIP 60646, Chicago, from 53 listings.
Median 1BR rent in Norwood Park was $1,500 in January 2024, up 7.1% (+$100) from December 2023 and up 21.2% year-over-year. The middle half of 1BR listings asked between $1,306 and $1,513. That puts Norwood Park in line with the Chicago citywide 1BR median of $1,517. The month's figures are based on 53 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2023 | Vs. January 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $1,500 | +$100 (+7.1%) | +$263 (+21.2%) | $1,306 – $1,513 | 12 |
| 1BR | $1,550 | +$150 (+10.7%) | +$313 (+25.3%) | $1,550 – $1,550 | 3 |
| 2BR | $2,200 | +$655 (+42.4%) | +$100 (+4.8%) | $1,438 – $2,250 | 12 |
| 2BR | $1,750 | +$205 (+13.3%) | −$350 (-16.7%) | $1,750 – $1,750 | 1 |
| 3BR | $2,200 | −$1,200 (-35.3%) | −$1,300 (-37.1%) | $2,200 – $2,350 | 10 |
| 3BR | $2,200 | −$1,200 (-35.3%) | −$1,300 (-37.1%) | $2,200 – $2,200 | 3 |
| 4BR | $3,200 | $0 (0.0%) | — | $3,200 – $3,600 | 5 |
| 4BR | $3,200 | $0 (0.0%) | — | $3,200 – $3,400 | 3 |
Median, P25, and P75 are asking rents from listings posted in January 2024. Changes compare against the nearest prior month with data.
Norwood Park vs. Chicago — January 2024
| Bedrooms | Norwood Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| 1BR | $1,500 | $1,517 | −$17 (-1.1%) |
| 1BR | $1,550 | $1,517 | +$33 (+2.2%) |
| 2BR | $2,200 | $1,800 | +$400 (+22.2%) |
| 2BR | $1,750 | $1,800 | −$50 (-2.8%) |
| 3BR | $2,200 | $2,300 | −$100 (-4.3%) |
| 3BR | $2,200 | $2,300 | −$100 (-4.3%) |
| 4BR | $3,200 | $2,792 | +$409 (+14.6%) |
| 4BR | $3,200 | $2,792 | +$409 (+14.6%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in January 2024.