Monthly Rent Report
Norwood Park Rent Report — October 2024
Asking rents in ZIP 60646, Chicago, from 11 listings.
Median 1BR rent in Norwood Park was $1,513 in October 2024, up 55.1% (+$538) from September 2024 and up 4.3% year-over-year. The middle half of 1BR listings asked between $1,394 and $1,588. That puts Norwood Park $76 above the Chicago citywide 1BR median of $1,437. The month's figures are based on 11 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2024 | Vs. October 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $1,513 | +$538 (+55.1%) | +$63 (+4.3%) | $1,394 – $1,588 | 4 |
| 2BR | $1,550 | −$300 (-16.2%) | $0 (0.0%) | $1,375 – $1,725 | 2 |
| 2BR | $1,700 | −$150 (-8.1%) | +$150 (+9.7%) | $1,700 – $1,700 | 1 |
| 3BR | $3,160 | +$663 (+26.5%) | −$40 (-1.3%) | $3,160 – $3,160 | 1 |
| 4BR | $4,000 | — | — | $4,000 – $4,000 | 2 |
Median, P25, and P75 are asking rents from listings posted in October 2024. Changes compare against the nearest prior month with data.
Norwood Park vs. Chicago — October 2024
| Bedrooms | Norwood Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| 1BR | $1,513 | $1,437 | +$76 (+5.3%) |
| 2BR | $1,550 | $1,770 | −$219 (-12.4%) |
| 2BR | $1,700 | $1,770 | −$69 (-3.9%) |
| 3BR | $3,160 | $2,305 | +$855 (+37.1%) |
| 4BR | $4,000 | $2,995 | +$1,005 (+33.6%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in October 2024.