Olde Derby Village
4 Olde Derby Rd,
Norwood, MA 02062
1-3 Beds | $2,100 - $3,200
Rental Market Trends in Norwood, MA
Updated July 2026
The average rent in Norwood, MA is $2,277/month.
Rent in Norwood is 37% higher than the national average rent of $1,663/month, making this one of the more expensive cities statewide.
$2,277/month
Average Rent
738 Sq Ft
Average Size
-0%
Change / Year
283
Available Apartments
Norwood rent varies by unit size and layout:
- Studio apartments in Norwood average $1,311 per month.
- One-bedroom apartments in Norwood average $2,277 per month.
- Two-bedroom apartments in Norwood average $2,801 per month.
- Three-bedroom apartments in Norwood average $3,628 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Norwood, MA?
Rents have remained stable over the past year, with little overall movement.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Norwood, MA
July 2026
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
15%
$1,001 - $1,500/month
15%
$1,501 - $2,000/month
69%
Above $2,000/month
What salary do I need to live comfortably in Norwood, MA?
Because the average rent in Norwood is $2,277, you’ll want to make about $7,590 per month or $91,080 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Norwood, MA compare to other nearby cities and neighborhoods?
Use the tool below to compare Norwood, MA to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
View the Norwood Area GuideCompare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
Apartment Communities in Norwood We Think You'll Love
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Frequently Asked Questions
What is the average rent in Norwood?
The average rent in Norwood is $2,277 per month, which is 36.9% higher than the national average of $1,663.
Are rents going up or down in Norwood?
Rents in Norwood, MA are relatively stable, with minimal month-over-month change.
What rent range is most common in Norwood?
In Norwood, MA, 69% of apartments fall above $2,000/month, though prices may vary depending on location and other factors.
Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.