Average Rent in Norwood Park, Chicago, IL

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Current Versus Historical Norwood Park, Chicago, IL Rents

Norwood Park rentals average $1,500 for a studio rental to $3,000 for a 3-bedroom rental. The median price of all currently available listings is $1,975, or roughly $24 per square feet.

For the apartment units and housing in October 2026, median rents have fallen substantially over the last year. Studio rentals prices have increased by $323 (27.42%) year-over-year from $1,177 to $1,500. 1-bedroom rentals prices have decreased by $408 (-28.49%) year-over-year from $1,433 to $1,025. 2-bedroom rentals prices have decreased by $58 (-3.02%) year-over-year from $1,933 to $1,875. 3-bedroom rentals prices have increased by $617 (25.87%) year-over-year from $2,383 to $3,000. 4-bedroom rentals prices have increased by $6,671 (154.09%) year-over-year from $4,329 to $11,000. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 2.27% this month. 1-bedroom rents have gone down by 0.00% this month. 2-bedroom rents have gone down by 11.07% this month. 3-bedroom rents have gone up by 19.60% this month. 4-bedroom rents have gone up by 29.41% this month.

Beds	Price / Sqft	Oct 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$17.56	$1,500	$1,177 (27.42%)	$209 (617.70%)
1 BR	$8.25	$1,025	$1,433 (-28.49%)	$1,424 (-28.00%)
2 BR	$24.08	$1,875	$1,933 (-3.02%)	$1,805 (3.88%)
3 BR	$27.85	$3,000	$2,383 (25.87%)	$2,200 (36.36%)

Historical Rents in Norwood Park, Chicago, IL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Norwood Park

There are a total of 13 cities nearby Norwood Park. The average rent in Norwood Park is currently $2,400 per month. Only one city nearby has an average rent lower than that. Our records show that Elgin, IL, with an average rent of $1,975, is the most affordable city nearby. In contrast, the most expensive city near Norwood Park, Chicago, IL is Naperville, IL. Monthly rents here are on average $2,900 per month.

Let's compare Norwood Park, Chicago, IL's rent against other top cities nearby by bedroom size. Typically, rent for studios in Norwood Park, Chicago, IL is 13.33% more expensive than other cities nearby. One bedrooms are about 80.44% more affordable. Two bedrooms in Norwood Park, Chicago, IL are about 17.33% more affordable. Finally, rent for three bedrooms are on par with the other cities nearby. Want more information? Check out the top 10 cities out of 13 total cities near Norwood Park, Chicago, IL in the following table.

City	Studio	1 Bed	2 Bed	All
Oak Park, IL	$1,929	$2,419	$2,150	$2,119
Palatine, IL	$1,300	$1,500	$2,050	$2,300
Skokie, IL	$1,150	$2,300	$2,200	$2,400
Schaumburg, IL	N/A	$2,233	$2,325	$2,400
Wheaton, IL	$1,425	$1,850	$2,533	$2,411
Vernon Hills, IL	$2,074	$2,234	$2,100	$2,481
Evanston, IL	$2,110	$1,795	$2,395	$2,500
Chicago, IL	$2,140	$2,576	$3,048	$2,575
Arlington Heights, IL	$1,200	$2,000	$2,225	$2,600
Naperville, IL	N/A	$1,625	$2,350	$2,900

Top Neighborhoods Near Norwood Park

There are a total of 30 neighborhoods in or near Norwood Park. Some of these neighborhoods include South Shore, Edgewater, and Austin. We've included all of these top 30 neighborhoods in or near Norwood Park, Chicago, IL in the following table.

The average rent for these 30 neighborhoods in or near Norwood Park, Chicago, IL is currently around $2,406 per month. A total of 8 neighborhoods have a lower average rent. Meaning, only twenty-two neighborhoods have a higher average rent than $2,406. Interestingly, the neighborhoods' average rent is higher than Norwood Park's average rent, which is only $1,975. Out of all the neighborhoods in or near Norwood Park, South Shore has the most affordable average rent at $1,575 per month. Whereas, at $3,952 average rent per month, DePaul is the most expensive neighborhood in or near Norwood Park. View the following table for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
South Shore, Chicago, IL	$995	$1,200	$1,450	$1,575
Edgewater, Chicago, IL	$1,364	$1,600	$2,498	$1,650
Austin, Chicago, IL	$1,150	$1,174	$1,600	$1,750
Rogers Park, Chicago, IL	$1,341	$1,450	$2,000	$1,784
Woodlawn, Chicago, IL	N/A	$1,565	$1,850	$1,880
West Rogers Park, Chicago, IL	$1,338	$1,495	$1,905	$1,903
Lawndale, Chicago, IL	$1,550	$1,400	$1,650	$1,925
Hyde Park, Chicago, IL	$1,095	$1,373	$2,350	$1,925
Uptown, Chicago, IL	$1,395	$1,980	$2,500	$1,985
Albany Park, Chicago, IL	$1,275	$1,513	$2,000	$2,000
Pilsen, Chicago, IL	$1,998	$1,498	$2,025	$2,050
Jefferson Park, Chicago, IL	$1,300	$1,500	$2,200	$2,200
Ravenswood, Chicago, IL	$1,550	$1,950	$2,650	$2,250
Humboldt Park, Chicago, IL	$1,513	$1,750	$2,075	$2,350
Logan Square, Chicago, IL	$1,695	$2,233	$2,520	$2,400
University Village - Little Italy, Chicago, IL	$2,004	$2,336	$3,036	$2,412
Lakeview, Chicago, IL	$1,505	$2,297	$3,100	$2,495
Bronzeville, Chicago, IL	$995	$1,700	$2,373	$2,625
Bucktown, Chicago, IL	$2,191	$2,629	$3,550	$2,641
Tri-Taylor, Chicago, IL	$2,205	$2,515	$3,059	$2,673
Lincoln Park, Chicago, IL	$1,850	$2,741	$4,152	$2,737
South Loop, Chicago, IL	$2,268	$2,658	$3,519	$2,850
The Loop, Chicago, IL	$2,398	$2,870	$4,050	$2,864
Wicker Park, Chicago, IL	$2,400	$2,880	$3,200	$2,915
Near West Side, Chicago, IL	$2,332	$2,868	$3,809	$2,935
Goose Island, Chicago, IL	$2,075	$3,052	$4,545	$3,025
Near North Side, Chicago, IL	$2,380	$2,889	$4,178	$3,035
West Loop, Chicago, IL	$2,361	$3,025	$4,142	$3,074
West Town, Chicago, IL	$2,517	$2,978	$4,268	$3,175
DePaul, Chicago, IL	$2,195	$2,650	$3,750	$3,952

Top Counties Near Norwood Park

There are a total of 28 counties located by Norwood Park, Chicago, IL. Some of these counties include Proviso, IL, Leyden, IL, and Oak Park, IL. The average rent for rentals in these counties is $2,398. That's roughly around $23 per sqft. A total of 4 counties have a lower average rent. The county that is the most affordable is Worth, IL. Its average rent per month is $1,800. Vice versa, with an average rent of $3,200, Vernon, IL is the most expensive county by Norwood Park, Chicago, IL.

Typically, rent for studios in Norwood Park, Chicago, IL is 23.33% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Norwood Park, Chicago, IL is 60.98% more affordable than other counties nearby. Finally, rent for two bedrooms in Norwood Park, Chicago, IL is 13.33% more affordable than other counties nearby. We've listed the top 10 counties in the table below.

County	Studio	1 Bed	2 Bed	All
Proviso, IL	$1,195	$1,425	$1,800	$1,875
Leyden, IL	N/A	$1,488	$1,895	$1,898
Oak Park, IL	$1,929	$2,419	$2,150	$2,119
Evanston, IL	$2,110	$1,795	$2,395	$2,500
Elk Grove, IL	N/A	$2,025	$1,999	$2,500
Wheeling, IL	$1,200	$2,000	$2,000	$2,500
Maine, IL	N/A	$1,650	$2,100	$2,548
Chicago, IL	$2,140	$2,576	$3,048	$2,575
Niles, IL	$1,150	$2,300	$2,250	$2,700
Northfield, IL	N/A	$1,989	$2,250	$3,175

Top Zipcodes Near Norwood Park

There are a total of 35 zipcodes in or near Norwood Park, Chicago, IL. The average rent for all of these zipcodes is $2,414. A total of 10 zipcodes have an average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 60649, Chicago, IL at $1,575 per month. In comparison, the zipcode with the most expensive average rent of $3,158 per month is 60611, Chicago, IL.

Studios in these zipcodes have an average rent of $1,555. That's at least $41 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Norwood Park, Chicago, IL is $1,950 per month. Or in other words, $34 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,489 per month. Which comes out to $29 per sqft. The following table includes the top 10 zipcodes in Norwood Park, Chicago, IL. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
60630, Chicago, IL	$1,323	$1,450	$2,175	$2,150
60641, Chicago, IL	$1,300	$1,500	$2,000	$1,800
60077, Skokie, IL	N/A	$2,325	$2,200	$2,500
60659, Chicago, IL	$1,100	$1,400	$1,895	$1,870
60639, Chicago, IL	N/A	$1,200	$1,675	$1,800
60625, Chicago, IL	$1,400	$1,795	$2,198	$2,150
60618, Chicago, IL	$1,535	$1,848	$2,150	$2,300
60645, Chicago, IL	$1,575	$1,498	$1,950	$1,950
60202, Evanston, IL	$2,215	$1,685	$2,050	$2,100
60651, Chicago, IL	$1,200	$1,150	$1,650	$1,800

Frequently Asked Questions - Norwood Park Average Rents

What is the average rent price in Norwood Park, Chicago, IL?

The average monthly rental price for Norwood Park, Chicago, IL apartments for rent is approximately $1,975. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Norwood Park, Chicago, IL rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Norwood Park, Chicago, IL.

How much is a studio apartment in Norwood Park, Chicago, IL?

The average monthly rental price for studio apartments is $1,500 and an average price per square feet of $17.56. There are a total of 1 studio apartment listings currently available for rent in Norwood Park.

How much is a one bedroom apartment in Norwood Park, Chicago, IL?

The average monthly rental price for one bedroom apartments is $1,025 and an average price per square feet of $8.25. There are a total of 4 one bedroom apartment listings currently available for rent in Norwood Park.

How much is a two bedroom apartment in Norwood Park, Chicago, IL?

The average monthly rental price for two bedroom apartments is $1,875 and an average price per square feet of $24.08. There are a total of 10 two bedroom apartment listings currently available for rent in Norwood Park.

How have rent prices in Norwood Park, Chicago, IL changed this year?

Rent prices for rentals in Norwood Park, Chicago, IL can fluctuate yearly. Specifically, studio rental prices have changed by 0.27%, one bedroom rental prices have changed by -0.28%, two bedroom rental prices have changed by -0.03%, three bedroom rental prices have changed by 0.26% year-over-year.

What is a reasonable rent price in Norwood Park, Chicago, IL?

A reasonable rent price in Norwood Park, Chicago, IL is around $1,580/month. You can search for these reasonably priced rental listings on RentHop.