Monthly Rent Report
Norwood Park Rent Report — November 2024
Asking rents in ZIP 60646, Chicago, from 19 listings.
Median 1BR rent in Norwood Park was $1,280 in November 2024, down 15.4% (−$232) from October 2024 and down 13.1% year-over-year. The middle half of 1BR listings asked between $1,228 and $1,365. That puts Norwood Park $295 below the Chicago citywide 1BR median of $1,575. The month's figures are based on 19 listings across 5 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2024 | Vs. November 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $1,280 | −$232 (-15.4%) | −$192 (-13.1%) | $1,228 – $1,365 | 3 |
| 2BR | $2,000 | +$450 (+29.0%) | −$250 (-11.1%) | $1,925 – $2,000 | 6 |
| 3BR | $2,800 | −$360 (-11.4%) | −$428 (-13.3%) | $2,200 – $3,195 | 7 |
| 4BR | $3,000 | −$1,000 (-25.0%) | −$500 (-14.3%) | $3,000 – $3,000 | 2 |
Median, P25, and P75 are asking rents from listings posted in November 2024. Changes compare against the nearest prior month with data.
Norwood Park vs. Chicago — November 2024
| Bedrooms | Norwood Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| 1BR | $1,280 | $1,575 | −$295 (-18.7%) |
| 2BR | $2,000 | $1,945 | +$55 (+2.8%) |
| 3BR | $2,800 | $2,200 | +$600 (+27.3%) |
| 4BR | $3,000 | $2,990 | +$10 (+0.3%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in November 2024.