Monthly Rent Report
Norwood Park Rent Report — July 2024
Asking rents in ZIP 60646, Chicago, from 18 listings.
Median 1BR rent in Norwood Park was $1,495 in July 2024, up 4.0% (+$58) from June 2024 and down 0.3% year-over-year. The middle half of 1BR listings asked between $1,200 and $1,495. That puts Norwood Park $65 below the Chicago citywide 1BR median of $1,560. The month's figures are based on 18 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2024 | Vs. July 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,100 | +$28 (+2.6%) | +$205 (+22.9%) | $1,100 – $1,100 | 1 |
| Studio | $1,088 | +$15 (+1.4%) | +$193 (+21.5%) | $1,031 – $1,144 | 2 |
| 1BR | $1,495 | +$58 (+4.0%) | −$5 (-0.3%) | $1,200 – $1,495 | 5 |
| 2BR | $1,800 | −$200 (-10.0%) | +$50 (+2.9%) | $1,800 – $1,800 | 1 |
| 2BR | $1,900 | −$100 (-5.0%) | +$150 (+8.6%) | $1,900 – $1,900 | 1 |
| 3BR | $2,400 | +$325 (+15.7%) | −$1,350 (-36.0%) | $2,400 – $2,400 | 1 |
| 3BR | $3,000 | +$925 (+44.6%) | −$750 (-20.0%) | $2,450 – $3,375 | 3 |
| 4BR | $3,348 | −$1,152 (-25.6%) | +$48 (+1.4%) | $2,695 – $4,250 | 4 |
Median, P25, and P75 are asking rents from listings posted in July 2024. Changes compare against the nearest prior month with data.
Norwood Park vs. Chicago — July 2024
| Bedrooms | Norwood Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,100 | $1,218 | −$118 (-9.7%) |
| Studio | $1,088 | $1,218 | −$131 (-10.7%) |
| 1BR | $1,495 | $1,560 | −$65 (-4.2%) |
| 2BR | $1,800 | $1,805 | −$5 (-0.3%) |
| 2BR | $1,900 | $1,805 | +$95 (+5.3%) |
| 3BR | $2,400 | $2,363 | +$38 (+1.6%) |
| 3BR | $3,000 | $2,363 | +$638 (+27.0%) |
| 4BR | $3,348 | $2,789 | +$559 (+20.0%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in July 2024.