How much does it cost to rent in Norwood, OH?

As of August 2026, the median monthly rent in Norwood, OH is $1,392. This figure is based on aggregated data from public sources and community-submitted rents.

Is Norwood cheaper than other Ohio cities?

Norwood falls in the middle range for Ohio, ranking #76 out of 124 cities at $1,392/mo.

When was Norwood rent data last updated?

Norwood rent data reflects August 2026 and was last refreshed on August 17, 2026. RentDataNow refreshes all data monthly using public and private datasets.

What is the Fair Market Rent in Norwood, OH?

HUD sets the Fair Market Rent for a two-bedroom home in Norwood, OH at $1,240 per month, which is 11% below the $1,392 market median. Fair Market Rent is the Housing Choice Voucher (Section 8) payment standard. It is a 40th-percentile gross rent that includes essential utilities such as electricity, water, gas, sewer, and trash, and HUD updates it once a year, so it measures something different from current market asking rent.

City Report · OH

Norwood

Name: Average Rent Prices in Norwood, OH
Creator: RentDataNow
License: https://creativecommons.org/licenses/by/4.0/

Pop. 19,114·76th most expensive in Ohio·One of the most affordable rental markets in the US

Median rent (all units)

$1,392/mo

Year-over-Year

+4.0%

Month-over-Month

-8.8%

vs US Median

-$570

Falling (Monthly)

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Most AffordableMost Expensive

Norwood · $1,392

More affordable than 82% of US cities · National median $1,962/mo

Rent Reality Score

66/100

Good value

OverheatedFairGreat value

Rents are 8% below what Norwood's 10-year trend predicts — a better deal than its own history suggests.

Actual rent

$1,392/mo

Expected by trend

$1,513/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

Fair Market Rent (HUD)

$1,240/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,392 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.

Source: HUD Small Area Fair Market Rents. Read the methodology →

Rent trends

12-month history

Loading…

Last updated: August 17, 2026

Annual cost

$16,704/yr

At $1,392/mo median

Rent Market Meter

Strong Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are down 4.0% year-over-year. Push hard on price, concessions, and lease terms.

Based on rent-price momentum (+4.0% YoY, -8.8% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

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 → $1,392

up 50.0%

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 50.0% since 2021, going from about $928 per month to roughly $1,392 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 3.0 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

Discussions about Norwood

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View Norwood rent history (2015–2026) →

Salary vs rent

Can you afford rent in Norwood on your salary?

At $1,392/mo, how Norwood rent compares to typical pay (30% rule).

Registered Nurse

Avg $88,811/yr · Rent = 18.8% income

very comfortable

Elementary School Teacher

Avg $63,055/yr · Rent = 26.5% income

affordable

Police Officer

Avg $72,634/yr · Rent = 23% income

affordable

Software Developer

Avg $129,823/yr · Rent = 12.9% income

very comfortable

Lawyer

Avg $165,882/yr · Rent = 10.1% income

very comfortable

Firefighter

Avg $59,041/yr · Rent = 28.3% income

affordable

Truck Driver

Avg $53,307/yr · Rent = 31.3% income

stretched

Electrician

Avg $65,706/yr · Rent = 25.4% income

affordable

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: August 17, 2026

The median rent in Norwood is $1,392/mo as of August 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 23% of local median household income ($71,611/yr), Norwood ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.0% over the past year.

FAQ

Frequently asked questions

Is Norwood an affordable city for renters?

Norwood is considered very affordable for renters. At $1,392/mo, rent takes approximately 23% 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 $56,000/year (~$27/hour full-time) to afford the median rent of $1,392/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 4.0% over the past year as of August 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 #76 out of 124 tracked cities at $1,392/mo.

Which nearby cities are cheaper to rent in than Norwood?

Several nearby cities have lower median rents than Norwood ($1,392/mo): Reading ($1,060/mo), Silverton ($1,390/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.