Monthly Rent Report
Norwood Park Rent Report — June 2024
Asking rents in ZIP 60646, Chicago, from 82 listings.
Median 1BR rent in Norwood Park was $1,438 in June 2024, down 4.2% (−$62) from May 2024 and up 17.3% year-over-year. The middle half of 1BR listings asked between $1,395 and $1,500. That puts Norwood Park $61 below the Chicago citywide 1BR median of $1,499. The month's figures are based on 82 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2024 | Vs. June 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,073 | +$123 (+12.9%) | — | $950 – $1,195 | 4 |
| Studio | $950 | $0 (0.0%) | — | $950 – $1,195 | 5 |
| 1BR | $1,438 | −$62 (-4.2%) | +$213 (+17.3%) | $1,395 – $1,500 | 18 |
| 1BR | $1,500 | $0 (0.0%) | +$275 (+22.4%) | $1,450 – $1,550 | 2 |
| 2BR | $1,575 | +$80 (+5.4%) | −$375 (-19.2%) | $1,575 – $1,575 | 1 |
| 2BR | $2,000 | +$505 (+33.8%) | +$50 (+2.6%) | $1,900 – $2,400 | 34 |
| 3BR | $2,075 | −$147 (-6.6%) | −$1,725 (-45.4%) | $2,075 – $2,075 | 1 |
| 3BR | $2,400 | +$178 (+8.0%) | −$1,400 (-36.8%) | $2,300 – $3,400 | 14 |
| 4BR | $4,500 | +$750 (+20.0%) | +$1,025 (+29.5%) | $4,500 – $4,500 | 1 |
| 4BR | $4,500 | +$750 (+20.0%) | +$1,025 (+29.5%) | $4,500 – $4,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in June 2024. Changes compare against the nearest prior month with data.
Norwood Park vs. Chicago — June 2024
| Bedrooms | Norwood Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,073 | $1,149 | −$76 (-6.7%) |
| Studio | $950 | $1,149 | −$199 (-17.3%) |
| 1BR | $1,438 | $1,499 | −$61 (-4.1%) |
| 1BR | $1,500 | $1,499 | +$1 (+0.1%) |
| 2BR | $1,575 | $1,899 | −$324 (-17.1%) |
| 2BR | $2,000 | $1,899 | +$101 (+5.3%) |
| 3BR | $2,075 | $2,395 | −$320 (-13.4%) |
| 3BR | $2,400 | $2,395 | +$5 (+0.2%) |
| 4BR | $4,500 | $2,698 | +$1,803 (+66.8%) |
| 4BR | $4,500 | $2,698 | +$1,803 (+66.8%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in June 2024.