Monthly Rent Report
Norwood Park Rent Report — August 2024
Asking rents in ZIP 60646, Chicago, from 10 listings.
Median 1BR rent in Norwood Park was $1,550 in August 2024, up 3.7% (+$55) from July 2024 and up 17.0% year-over-year. The middle half of 1BR listings asked between $1,550 and $1,588. That puts Norwood Park in line with the Chicago citywide 1BR median of $1,538. The month's figures are based on 10 listings across 7 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,100 | $0 (0.0%) | — | $1,100 – $1,100 | 1 |
| 1BR | $1,550 | +$55 (+3.7%) | +$225 (+17.0%) | $1,550 – $1,588 | 4 |
| 2BR | $1,600 | −$200 (-11.1%) | −$185 (-10.4%) | $1,600 – $1,600 | 1 |
| 2BR | $1,900 | +$100 (+5.6%) | +$115 (+6.4%) | $1,900 – $1,900 | 1 |
| 3BR | $3,150 | +$750 (+31.3%) | +$150 (+5.0%) | $3,150 – $3,150 | 1 |
| 4BR | $3,250 | −$97 (-2.9%) | +$300 (+10.2%) | $3,250 – $3,250 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
Norwood Park vs. Chicago — August 2024
| Bedrooms | Norwood Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,100 | $1,190 | −$90 (-7.6%) |
| 1BR | $1,550 | $1,538 | +$12 (+0.8%) |
| 2BR | $1,600 | $1,823 | −$222 (-12.2%) |
| 2BR | $1,900 | $1,823 | +$78 (+4.3%) |
| 3BR | $3,150 | $2,300 | +$850 (+37.0%) |
| 4BR | $3,250 | $2,995 | +$255 (+8.5%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2024.