Monthly Rent Report
Norwood Park Rent Report — February 2024
Asking rents in ZIP 60646, Chicago, from 71 listings.
Median 1BR rent in Norwood Park was $975 in February 2024, down 35.0% (−$525) from January 2024 and down 25.0% year-over-year. The middle half of 1BR listings asked between $975 and $975. That puts Norwood Park $525 below the Chicago citywide 1BR median of $1,500. The month's figures are based on 71 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2024 | Vs. February 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $975 | −$525 (-35.0%) | −$325 (-25.0%) | $975 – $975 | 1 |
| 1BR | $1,375 | −$125 (-8.3%) | +$75 (+5.8%) | $1,250 – $1,500 | 11 |
| 2BR | $1,595 | −$155 (-8.9%) | −$155 (-8.9%) | $1,400 – $2,050 | 21 |
| 2BR | $1,750 | $0 (0.0%) | $0 (0.0%) | $1,750 – $1,750 | 1 |
| 3BR | $2,800 | +$600 (+27.3%) | +$600 (+27.3%) | $2,400 – $2,900 | 12 |
| 3BR | $2,700 | +$500 (+22.7%) | +$500 (+22.7%) | $2,400 – $2,900 | 13 |
| 4BR | $3,400 | +$200 (+6.3%) | — | $3,300 – $3,500 | 2 |
| 4BR | $3,400 | +$200 (+6.3%) | — | $3,300 – $3,500 | 2 |
Median, P25, and P75 are asking rents from listings posted in February 2024. Changes compare against the nearest prior month with data.
Norwood Park vs. Chicago — February 2024
| Bedrooms | Norwood Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| 1BR | $975 | $1,500 | −$525 (-35.0%) |
| 1BR | $1,375 | $1,500 | −$125 (-8.3%) |
| 2BR | $1,595 | $1,813 | −$217 (-12.0%) |
| 2BR | $1,750 | $1,813 | −$62 (-3.4%) |
| 3BR | $2,800 | $2,300 | +$500 (+21.7%) |
| 3BR | $2,700 | $2,300 | +$400 (+17.4%) |
| 4BR | $3,400 | $2,792 | +$609 (+21.8%) |
| 4BR | $3,400 | $2,792 | +$609 (+21.8%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in February 2024.