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City Report · OH

Norwood

Pop. 19,114·61st most expensive in Ohio·Norwood rents are up 14.4% over the past year
Median rent (all units)
$1,526/mo
Year-over-Year
+14.4%
Month-over-Month
+0.9%
vs US Median
-$439
Rising (Monthly)
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Most AffordableMost Expensive
Norwood · $1,526
More affordable than 74% of US cities · National median $1,965/mo
Rent Reality Score
47/100
Fairly priced
OverheatedFairGreat value

Rents are right about where Norwood's 10-year trend predicts.

Actual rent
$1,526/mo
Expected by trend
$1,506/mo
The Rent Reality Score compares today's median rent to where Norwood's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$850
1 BR
$960
2 BR
$1,240
3 BR
$1,640
4 BR+
$1,820
Research median
$1,240/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$18,312/yr
At $1,526/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 14.4% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+14.4% YoY, +0.9% MoM), not inventory.
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Demographics

Who lives here

Norwood, OH is roughly split between renters and owners, skews toward younger working-age adults, 41.3% of residents hold a bachelor's degree or higher.

Population
19,114
Median income
$71,611
Median age
32.8
Renters
52.5%
Age distribution
19.4%
35.2%
22.8%
12.2%
Under 1819.4%
18–3435.2%
35–5422.8%
55–6410.5%
65+12.2%
Gender
51.7%
48.3%
Male51.7%
Female48.3%
Race & ethnicity
79.3%
White79.3%
Black11.3%
Hispanic6.6%
Asian0.6%
Other2.2%
Education (25+)
27.8%
21.4%
41.3%
No HS diploma9.4%
HS diploma27.8%
Some college21.4%
Bachelor's+41.3%
Housing tenure
47.5%
52.5%
Owner47.5%
Renter52.5%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Norwood, OH has changed in 5 years

Rent
$928 → $1,526
up 64.4%
Income
$48,703 → $71,611
up 47.0%
Population
18,983 → 19,114
up 0.7%
Renter share
57.4% → 52.5%
-4.9 pts
Bachelor's+
31.3% → 41.3%
+10.0 pts

Rent in Norwood, OH has climbed 64.4% since 2021, going from about $928 per month to roughly $1,526 today. Household income in the area moved from $48,703 to $71,611 across the same window, up 47.0% versus 2021. Rent outpaced income growth by roughly 17.4 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. About 52.5% of households rent today, against 57.4% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 31.3% to 41.3%. Reading these numbers side by side helps frame whether current listings in Norwood, OH look reasonable against where the market sat half a decade ago.

Community

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View Norwood rent history (2015–2026) →
Salary vs rent

Can you afford rent in Norwood on your salary?

At $1,526/mo, how Norwood rent compares to typical pay (30% rule).

By apartment size

Norwood rent by bedroom count

Median rent for each apartment size in Norwood. Click any size for full breakdown.

Local insights

Tips for renters in Norwood

About renting in Norwood, OH

Last updated: July 20, 2026

The median rent in Norwood is $1,526/mo as of July 2026. A studio apartment averages $850/mo while a 2-bedroom runs $1,240/mo. One-bedroom apartments average $960/mo and 3-bedroom units go for $1,640/mo.

At 26% of local median household income ($71,611/yr), Norwood ranks as affordable compared to the national benchmark of 30%. Rents have increased 14.4% over the past year.

FAQ

Frequently asked questions

Is Norwood an affordable city for renters?

Norwood is considered affordable for renters. At $1,526/mo, rent takes approximately 26% of the local median household income ($71,611/yr). The standard benchmark is 30%. Norwood falls comfortably within that range.

How much income do you need to rent in Norwood?

To keep rent at or below 30% of gross income, you would need to earn at least $61,000/year (~$29/hour full-time) to afford the median rent of $1,526/mo in Norwood. The local median household income is $71,611/yr, meaning the typical Norwood household meets that threshold.

Is rent going up or down in Norwood?

Rent in Norwood has increased 14.4% over the past year as of July 2026, putting upward pressure on renter budgets.

How does Norwood rent compare to other cities in Ohio?

Norwood is middle-of-the-pack for Ohio for rent, ranking #61 out of 128 tracked cities at $1,526/mo.

Which nearby cities are cheaper to rent in than Norwood?

Several nearby cities have lower median rents than Norwood ($1,526/mo): Reading ($1,115/mo), Silverton ($1,390/mo), Cincinnati ($1,475/mo).

What percentage of Norwood residents rent vs. own?

According to Census data, approximately 52.5% of Norwood households are renters, while 47.5% are owner-occupied. With a majority renter population, Norwood has a strong rental market.

How does Norwood rent compare to the national average?

Norwood's median rent of $1,526/mo is $439 (22%) below the US national median of $1,965/mo. Within Ohio, it ranks #61 out of 128 tracked cities.
Income Affordability
26%
AFFORDABLE

At $1,526/mo, rent takes ~26% of Norwood's median household income ($71,611/yr). The standard benchmark is 30%.

Norwood 26%Benchmark 30%
State income tax2.75–3.5%
Run the Norwood affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Norwood, OH

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