Monthly Rent Report
Norwood Park Rent Report — September 2024
Asking rents in ZIP 60646, Chicago, from 35 listings.
Median 1BR rent in Norwood Park was $975 in September 2024, down 37.1% (−$575) from August 2024 and down 18.8% year-over-year. The middle half of 1BR listings asked between $975 and $975. That puts Norwood Park $520 below the Chicago citywide 1BR median of $1,495. The month's figures are based on 35 listings across 5 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2024 | Vs. September 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $975 | −$125 (-11.4%) | +$30 (+3.2%) | $975 – $975 | 1 |
| 1BR | $975 | −$575 (-37.1%) | −$225 (-18.8%) | $975 – $975 | 1 |
| 2BR | $1,850 | −$50 (-2.6%) | +$200 (+12.1%) | $1,725 – $2,000 | 30 |
| 3BR | $2,498 | −$652 (-20.7%) | −$502 (-16.8%) | $2,149 – $2,846 | 2 |
Median, P25, and P75 are asking rents from listings posted in September 2024. Changes compare against the nearest prior month with data.
Norwood Park vs. Chicago — September 2024
| Bedrooms | Norwood Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $975 | $1,195 | −$220 (-18.4%) |
| 1BR | $975 | $1,495 | −$520 (-34.8%) |
| 2BR | $1,850 | $1,843 | +$8 (+0.4%) |
| 3BR | $2,498 | $2,350 | +$148 (+6.3%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in September 2024.