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Norwood Park Rent Trends

Chicago, IL · August 2026 · median asking rents from leased listings

Data through August 2026 · Last updated September 10, 2026 · Next release: early October 2026

Median asking rent
$2,100
Effective rent
$2,100
Vs. Chicago median
-17%
Avg days to lease
21
Active rentals now
16

Median asking rent over time

$1.8k$1.9k$2.0k$2.1kNov ’25Feb ’26May ’26Aug ’26
Asking rentEffective rent (after concessions)Concession spread

Source: MLS (leased rental listings) + Abode managed communities (Dynamics 365). Figures suppressed below 10 listings/month. Methodology

Data through August 2026 · Last updated September 10, 2026 · Next release: early October 2026

Norwood Park renting, answered

What is the average rent in Norwood Park?
As of August 2026, the median asking rent in Norwood Park is $2,100 per month, based on 14 leased listings.
Is Norwood Park more expensive than Chicago overall?
Norwood Park's median asking rent is 17% below the Chicago citywide median of $2,535.
How quickly do rentals lease in Norwood Park?
Over the last 90 days, rentals in Norwood Park leased in an average of 21 days, with 16 active listings on the market right now.

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