Monthly Rent Report
Norwood Park Rent Report — January 2025
Asking rents in ZIP 60646, Chicago, from 48 listings.
Median 1BR rent in Norwood Park was $950 in January 2025, down 26.6% (−$345) from December 2024 and down 36.7% year-over-year. The middle half of 1BR listings asked between $950 and $950. That puts Norwood Park $546 below the Chicago citywide 1BR median of $1,496. The month's figures are based on 48 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2024 | Vs. January 2024 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $950 | −$345 (-26.6%) | −$550 (-36.7%) | $950 – $950 | 1 |
| 1BR | $1,400 | +$105 (+8.1%) | −$100 (-6.7%) | $950 – $1,400 | 11 |
| 2BR | $1,825 | −$12 (-0.7%) | +$75 (+4.3%) | $1,488 – $1,963 | 10 |
| 2BR | $1,800 | −$37 (-2.0%) | +$50 (+2.9%) | $1,800 – $1,800 | 1 |
| 3BR | $2,000 | −$1,300 (-39.4%) | −$200 (-9.1%) | $1,900 – $3,800 | 9 |
| 3BR | $2,000 | −$1,300 (-39.4%) | −$200 (-9.1%) | $1,900 – $3,800 | 9 |
| 4BR | $2,500 | $0 (0.0%) | −$700 (-21.9%) | $2,500 – $2,500 | 2 |
| 4BR | $2,500 | $0 (0.0%) | −$700 (-21.9%) | $2,500 – $2,500 | 2 |
Median, P25, and P75 are asking rents from listings posted in January 2025. Changes compare against the nearest prior month with data.
Norwood Park vs. Chicago — January 2025
| Bedrooms | Norwood Park Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| 1BR | $950 | $1,496 | −$546 (-36.5%) |
| 1BR | $1,400 | $1,496 | −$96 (-6.4%) |
| 2BR | $1,825 | $1,800 | +$25 (+1.4%) |
| 2BR | $1,800 | $1,800 | $0 (0.0%) |
| 3BR | $2,000 | $2,400 | −$400 (-16.7%) |
| 3BR | $2,000 | $2,400 | −$400 (-16.7%) |
| 4BR | $2,500 | $2,838 | −$337 (-11.9%) |
| 4BR | $2,500 | $2,838 | −$337 (-11.9%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in January 2025.