61 Cheap Apartments for rent in Norfolk, VA

Last updated November 22 at 6:11pm UTC
370 Fort Worth AVE
Oakdale Farms-Denby Park
Norfolk, VA
Updated October 10 at 8:50pm UTC
2 Bedrooms
$750
1221 Hillside AVE
Bayview
Norfolk, VA
Updated November 22 at 5:52pm UTC
2 Bedrooms
$690
218 W BALVIEW AVE
West Ocean View
Norfolk, VA
Updated September 14 at 10:11pm UTC
2 Bedrooms
$725
1407 Bayville ST
Willoughby
Norfolk, VA
Updated October 31 at 2:58am UTC
1 Bedroom
$675
1441 Kingston AVE
Bayview
Norfolk, VA
Updated November 14 at 9:51am UTC
1 Bedroom
$600
9554 14th Bay St
East Ocean View
Norfolk, VA
Updated November 16 at 12:17pm UTC
1 Bedroom
$675
1009 HANNAH ST
Titustown
Norfolk, VA
Updated September 14 at 10:13pm UTC
2 Bedrooms
$725
319 Ashlawn DR
Oakdale Farms-Denby Park
Norfolk, VA
Updated November 21 at 1:54am UTC
1 Bedroom
$700
1428 Baychester AVE
Bayview
Norfolk, VA
Updated November 22 at 5:52pm UTC
1 Bedroom
$575
8923 London ST
Bayview
Norfolk, VA
Updated November 10 at 1:48am UTC
2 Bedrooms
$775
3105 Peronne AVE
Fairmont Park
Norfolk, VA
Updated October 24 at 3:48am UTC
2 Bedrooms
$750
2111 Lafayette BLVD
Fairmont Park
Norfolk, VA
Updated November 22 at 9:44am UTC
2 Bedrooms
$750
1443 W. 40th Street, Units A & B
Lamberts Point
Norfolk, VA
Updated October 27 at 10:32am UTC
2 Bedrooms
$750
9607 11th Bay St
East Ocean View
Norfolk, VA
Updated November 22 at 6:11pm UTC
1 Bedroom
$695
1513 Kingston AVE
Bayview
Norfolk, VA
Updated October 19 at 3:55pm UTC
2 Bedrooms
$695
2511 Pleasant AVE
East Ocean View
Norfolk, VA
Updated October 31 at 2:53am UTC
1 Bedroom
$550
9647 Grove AVE
Cottage Line
Norfolk, VA
Updated November 4 at 9:55am UTC
1 Bedroom
$725
1851 Ocean View AVE E
Cottage Line
Norfolk, VA
Updated November 9 at 2:17am UTC
1 Bedroom
$650
2623 Waverly Way Unit D
Villa Heights
Norfolk, VA
Updated November 22 at 5:13am UTC
2 Bedrooms
$750
1444 W 41st ST
Lamberts Point
Norfolk, VA
Updated November 22 at 2:29am UTC
2 Bedrooms
$695
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November 2017 Norfolk Rent Report

Welcome to the November 2017 Norfolk Rent Report. Norfolk rents declined over the past month. In this report, we'll evaluate trends in the Norfolk rental market, including comparisons to cities throughout the state and nation.

View full Norfolk Rent Report
Rent Report
Norfolk

November 2017 Norfolk Rent Report

Welcome to the November 2017 Norfolk Rent Report. Norfolk rents declined over the past month. In this report, we'll evaluate trends in the Norfolk rental market, including comparisons to cities throughout the state and nation.

Norfolk rents declined significantly over the past month

Norfolk rents have declined 0.4% over the past month, but have increased slightly by 1.6% in comparison to the same time last year. Currently, median rents in Norfolk stand at $790 for a one-bedroom apartment and $950 for a two-bedroom. This is the second straight month that the city has seen rent decreases after an increase in August. Norfolk's year-over-year rent growth leads the state average of 1.0%, but trails the national average of 2.7%.

Rents rising across cities in Virginia

Throughout the past year, rent increases have been occurring not just in the city of Norfolk, but across the entire state. Of the largest 10 cities that we have data for in Virginia, all of them have seen prices rise. The state as a whole logged rent growth of 1.0% over the past year. Here's a look at how rents compare across some of the largest cities in the state.

  • Looking throughout the state, Arlington is the most expensive of all Virginia's major cities, with a median two-bedroom rent of $2,030; of the 10 largest Virginia cities that we have data for, all have seen rents rise year-over-year, with Newport News experiencing the fastest growth (+3.4%).
  • Chesapeake, Portsmouth, and Virginia Beach have all experienced year-over-year growth above the state average (2.3%, 2.0%, and 1.8%, respectively).

Norfolk rents more affordable than many large cities nationwide

As rents have increased slightly in Norfolk, large cities nationwide have seen rents grow more quickly. Norfolk is still more affordable than most large cities across the country.

  • Norfolk's median two-bedroom rent of $950 is below the national average of $1,160. Nationwide, rents have grown by 2.7% over the past year compared to the 1.6% increase in Norfolk.
  • While Norfolk's rents rose slightly over the past year, many cities nationwide saw more substantial increases, including Seattle (+4.2%), Phoenix (+4.1%), and Dallas (+2.6%).
  • Renters will find more reasonable prices in Norfolk than most large cities. For example, San Francisco has a median 2BR rent of $3,070, which is more than three times the price in Norfolk.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
City Median 1BR price Median 2BR price M/M price change Y/Y price change
Virginia Beach $1,070 $1,290 -0.1% 1.8%
Norfolk $790 $950 -0.4% 1.6%
Chesapeake $980 $1,180 2.3%
Newport News $840 $1,010 0.6% 3.4%
Hampton $860 $1,040 0.3% 1.6%
Portsmouth $770 $930 0.1% 2.0%
Williamsburg $990 $1,170 0.8% -0.3%

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.