Apartments & Homes for Rent in Norwood, NJ

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What to Know About

Life in Norwood & Beyond

Norwood shares many of the great qualities that make New Jersey a desirable place to live.

New Jersey is known for its beaches along the Jersey Shore to some of the most iconic landmarks in the nation, such as the Liberty Bell, the Statue of Liberty, and Ellis Island. From the bustling streets of Newark to the picturesque shorelines of Cape May, New Jersey is a state unlike any other. Discover its dynamic culture and rich heritage by visiting iconic landmarks like Liberty State Park and the Ellis Island National Museum of Immigration. And for those seeking knowledge, New Jersey is home to renowned universities like Rutgers University and Princeton University.

Whether you're an outdoor enthusiast or a sports fan, New Jersey has plenty to offer, including the New York Giants (NFL), New York Jets (NFL), New Jersey Devils (NHL), and the New Jersey Nets (NBA). Enjoy the beautiful coastline by fishing, surfing, or sailing, and hit the slopes of nearby mountains. Make sure to visit famous attractions like the Atlantic City Boardwalk, the Camden Waterfront, and the historic town of Cape May.

A state that never stops moving, New Jersey is a melting pot of cultures, experiences, and opportunities waiting to be experienced, making it a great place to call home.

Rental Market Trends

Norwood, NJ

As of April 2025, Norwood's rental market is stable, offering a predictable rental market where most units lease within a few weeks. Norwood's average rent is 59.9% ($1,459) higher than the New Jersey average of $2,434 and 116.4% ($2,094) higher than the U.S. average of $1,799.

Average Rent
$3,893
Monthly ChangeMonth Over Month Change
Decreased2.6% ($105)
Yearly ChangeYear Over Year Change
Increased47.3% ($1250)
Avg. Days on MarketAverage Days on Market
46
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $2,793 Decreased3.2% ($93) Increased18% ($427)
2 Beds $3,565 Decreased3.2% ($118) Increased18% ($545)
3 Beds $5,272 Decreased3.2% ($175) Increased18% ($806)
Nearby Cities Average Rent Avg. Rent vs. NorwoodAverage Rent vs. Norwood Avg. Days on MarketAverage Days on Market
Westwood $2,302 Decreased40.9% ($1591) 44 days
Yonkers $2,661 Decreased31.6% ($1232) 37 days
Bergenfield $2,502 Decreased35.7% ($1391) 49 days
Ardsley $3,666 Decreased5.8% ($227) 31 days
Park Ridge $3,481 Decreased10.6% ($412) 48 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Norwood Rental Market FAQs

Explore rental prices, market trends, and availability in Norwood, NJ.

The average rent in Norwood, NJ is $3,893 per month.
Homes in Norwood typically rent for between $1,955 and $6,854 per month, with an average of $3,893 per month.
In Norwood, the average rent for a 1-bedroom home is $2,793 per month, for a 2-bedroom home, $3,565 per month, and a 3-bedroom home is $5,272 per month.
The average rent in Norwood is 116.4% ($2,094) higher than the national average of $1,799 per month.
The average rent in Norwood has decreased by 2.6% ($105) in the last month and increased by 47.3% ($1,250) over the past year.
The rental market in Norwood, NJ, is currently stable, offering a predictable rental market where most units lease within a few weeks.
In Norwood, NJ, the average rental stays on the market for approximately 46 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There is currently 1 rental property available in Norwood, NJ.
Based on the current averages, a household would need an annual income of $142,600 to comfortably afford a 2-bedroom home in Norwood.
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