Monthly Rent Report
Norwood Park Rent Report — March 2024
Asking rents in ZIP 60646, Chicago, from 79 listings.
Median 1BR rent in Norwood Park was $1,400 in March 2024, up 43.6% (+$425) from February 2024 and unchanged year-over-year. The middle half of 1BR listings asked between $1,200 and $1,500. That puts Norwood Park $105 below the Chicago citywide 1BR median of $1,505. The month's figures are based on 79 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,225 | — | — | $1,225 – $1,225 | 2 |
| Studio | $1,225 | — | — | $1,203 – $1,225 | 6 |
| 1BR | $1,400 | +$425 (+43.6%) | $0 (0.0%) | $1,200 – $1,500 | 13 |
| 1BR | $1,400 | +$425 (+43.6%) | $0 (0.0%) | $1,300 – $1,500 | 17 |
| 2BR | $1,880 | +$285 (+17.9%) | +$230 (+13.9%) | $1,880 – $1,880 | 1 |
| 2BR | $1,650 | +$55 (+3.4%) | $0 (0.0%) | $1,550 – $1,898 | 23 |
| 3BR | $2,200 | −$600 (-21.4%) | −$1,200 (-35.3%) | $2,100 – $2,475 | 12 |
| 3BR | $2,150 | −$650 (-23.2%) | −$1,250 (-36.8%) | $2,150 – $2,150 | 1 |
| 4BR | $2,900 | −$500 (-14.7%) | — | $2,900 – $2,900 | 2 |
| 4BR | $3,200 | −$200 (-5.9%) | — | $3,050 – $3,350 | 2 |
Median, P25, and P75 are asking rents from listings posted in March 2024. Changes compare against the nearest prior month with data.
Norwood Park vs. Chicago — March 2024
| Bedrooms | Norwood Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,225 | $1,225 | $0 (0.0%) |
| Studio | $1,225 | $1,225 | $0 (0.0%) |
| 1BR | $1,400 | $1,505 | −$104 (-6.9%) |
| 1BR | $1,400 | $1,505 | −$104 (-6.9%) |
| 2BR | $1,880 | $1,900 | −$20 (-1.1%) |
| 2BR | $1,650 | $1,900 | −$250 (-13.2%) |
| 3BR | $2,200 | $2,250 | −$50 (-2.2%) |
| 3BR | $2,150 | $2,250 | −$100 (-4.4%) |
| 4BR | $2,900 | $2,650 | +$250 (+9.4%) |
| 4BR | $3,200 | $2,650 | +$550 (+20.8%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in March 2024.