
Cheap Homes for Rent in Norwood, NC from $500 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Norwood.


40 Manchester Rd

6240 Gravel Hill Rd
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

317 E Phifer St

507 Hasty St

626 Eldorado St
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

24671 Ridgecrest Rd
Norwood, NC Local Guide

How much does it cost to rent a home in Norwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Norwood 2 Bedroom Homes for Rent | $1,437 | $1,050 | $1,900 |
| Norwood 3 Bedroom Homes for Rent | $1,715 | $850 | $2,250 |
| Norwood 4 Bedroom Homes for Rent | $2,270 | $1,100 | $3,450 |
| Norwood 5 Bedroom Homes for Rent | $2,145 | $2,145 | $2,145 |
Browse Top Homes for Rent in Norwood
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Norwood, NC Local Guide
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Cheapest Available Norwood Apartments for Rent and Nearby
 The cheapest available apartment rental in Norwood, NC is a 1 Bed unit found at Pinecrest Village priced from $805. Woodbrook Apartment Homes in the Icemorlee neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $940. Here is today’s list of the most affordable Norwood apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Pinecrest Village | 1x1 | 1BR,1BA | $805 |
| Woodbrook Apartment Homes | Studio | Studio,1BA | $940 |
| Crestview Huntington | Cypress | Studio,1BA | $943 |
Best Value Apartments for Rent in Norwood, NC and Nearby
As of May 30, 2026 the best value apartment in the Norwood area is the $1.22 price per square foot Harker Model at Poplin Trace in the in the Stoneybrook neighborhood starting from $2,295. The second greatest value Norwood apartment is the 3 x 2 The Escape C1SFsi Model at Wingate Meadows Rental Homes starting at $2,150 with a $1.25 price per square foot in the Urban Hills neighborhood. Here is today’s list of the best values for Norwood apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Poplin Trace | Harker | 3BR,2.5BA | $1.22 |
| Wingate Meadows Rental Homes | 3 x 2 The Escape C1SFsi | 3BR,2BA | $1.25 |
| Founders Point | Glen | 3BR,2.5BA | $1.43 |
| American Ave NE | 3BR/2.0BA | 3BR,2BA | $1.17 |
| Crown Point Luxury Apartments at Kingsport | 2x2 Deluxe-Call For Availability | 2BR,2BA | $1.34 |
| The Oaks at Monroe | 2BR/1.5BA | 2BR,1.5BA | $1.32 |
| Northway at Woodcrest | Renovated | 3BR,1BA | $1.41 |
| Pinewood Trace | 2 BR/1.5 BA TH | 2BR,1.5BA | $1.43 |
| Beautiful Chesney Woods Townhomes | 2BR/1.5BA | 2BR,1.5BA | $1.35 |
| Pinecrest Village | 1x1 | 1BR,1BA | $0.97 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Best Local Schools in Norwood, NC
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Norwood
What type of rentals are currently available in Norwood?
There are currently 49 Apartments for Rent in Norwood, NC with pricing that ranges from $805 to $3,181. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Norwood ranging from $575 to $3,450.
What is the current price range for Rental Homes in Norwood?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Norwood ranges from $575 to $3,450 with an average monthly rent of $1,628.
How much are larger Three and Four Bedroom Rentals in Norwood?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Norwood range from $1,055 to $2,355, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $2,250. Four Bedroom Single-Family rentals are also available starting from $1,100 and Four Bedroom Apartments start at $1,653.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.