Monthly Rent Report
Norwood Park Rent Report — December 2024
Asking rents in ZIP 60646, Chicago, from 29 listings.
Median 1BR rent in Norwood Park was $1,295 in December 2024, up 1.2% (+$15) from November 2024 and down 7.5% year-over-year. The middle half of 1BR listings asked between $1,295 and $1,295. That puts Norwood Park $355 below the Chicago citywide 1BR median of $1,650. The month's figures are based on 29 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2024 | Vs. December 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,060 | — | — | $1,060 – $1,060 | 6 |
| 1BR | $1,295 | +$15 (+1.2%) | −$105 (-7.5%) | $1,295 – $1,295 | 1 |
| 1BR | $1,295 | +$15 (+1.2%) | −$105 (-7.5%) | $1,295 – $1,295 | 1 |
| 2BR | $1,838 | −$162 (-8.1%) | −$662 (-26.5%) | $1,713 – $1,888 | 6 |
| 2BR | $1,838 | −$162 (-8.1%) | −$662 (-26.5%) | $1,713 – $1,888 | 6 |
| 3BR | $2,900 | +$100 (+3.6%) | −$500 (-14.7%) | $2,700 – $3,100 | 2 |
| 3BR | $3,300 | +$500 (+17.9%) | −$100 (-2.9%) | $3,300 – $3,300 | 1 |
| 4BR | $2,500 | −$500 (-16.7%) | −$700 (-21.9%) | $2,500 – $2,625 | 4 |
Median, P25, and P75 are asking rents from listings posted in December 2024. Changes compare against the nearest prior month with data.
Norwood Park vs. Chicago — December 2024
| Bedrooms | Norwood Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,060 | $1,385 | −$325 (-23.5%) |
| 1BR | $1,295 | $1,650 | −$355 (-21.5%) |
| 1BR | $1,295 | $1,650 | −$355 (-21.5%) |
| 2BR | $1,838 | $1,953 | −$115 (-5.9%) |
| 2BR | $1,838 | $1,953 | −$115 (-5.9%) |
| 3BR | $2,900 | $2,395 | +$505 (+21.1%) |
| 3BR | $3,300 | $2,395 | +$905 (+37.8%) |
| 4BR | $2,500 | $2,850 | −$350 (-12.3%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in December 2024.