Monthly Rent Report
Norwood Park Rent Report — April 2024
Asking rents in ZIP 60646, Chicago, from 80 listings.
Median 1BR rent in Norwood Park was $1,425 in April 2024, up 1.8% (+$25) from March 2024 and up 3.6% year-over-year. The middle half of 1BR listings asked between $1,395 and $1,500. That puts Norwood Park $75 below the Chicago citywide 1BR median of $1,500. The month's figures are based on 80 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2024 | Vs. April 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,225 | $0 (0.0%) | — | $1,225 – $1,225 | 2 |
| Studio | $1,225 | $0 (0.0%) | — | $1,225 – $1,225 | 1 |
| 1BR | $1,425 | +$25 (+1.8%) | +$50 (+3.6%) | $1,395 – $1,500 | 21 |
| 1BR | $1,388 | −$12 (-0.9%) | +$13 (+0.9%) | $1,250 – $1,425 | 8 |
| 2BR | $1,850 | +$200 (+12.1%) | +$200 (+12.1%) | $1,825 – $1,995 | 21 |
| 2BR | $1,825 | +$175 (+10.6%) | +$175 (+10.6%) | $1,825 – $1,825 | 1 |
| 3BR | $2,200 | $0 (0.0%) | −$400 (-15.4%) | $2,200 – $2,200 | 1 |
| 3BR | $2,300 | +$100 (+4.5%) | −$300 (-11.5%) | $2,200 – $2,500 | 21 |
Median, P25, and P75 are asking rents from listings posted in April 2024. Changes compare against the nearest prior month with data.
Norwood Park vs. Chicago — April 2024
| Bedrooms | Norwood Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,225 | $1,222 | +$3 (+0.2%) |
| Studio | $1,225 | $1,222 | +$3 (+0.2%) |
| 1BR | $1,425 | $1,500 | −$75 (-5.0%) |
| 1BR | $1,388 | $1,500 | −$112 (-7.5%) |
| 2BR | $1,850 | $1,850 | $0 (0.0%) |
| 2BR | $1,825 | $1,850 | −$25 (-1.4%) |
| 3BR | $2,200 | $2,300 | −$100 (-4.3%) |
| 3BR | $2,300 | $2,300 | $0 (0.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in April 2024.