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102 Cheap Apartments for rent in Norfolk, VA

Last updated November 16 at 4:52am UTC
Bondale Apartments
7603 Bondale Ave
Norfolk, VA
Updated November 16 at 4:18am UTC
Studio
$715
1 Bedroom
$800
2 Bedrooms
$953
9574 8th Bay Street
East Ocean View
Norfolk, VA
Updated November 16 at 4:52am UTC
1 Bedroom
$775
1615 East Ocean View Avenue
Bayview
Norfolk, VA
Updated November 16 at 4:52am UTC
1 Bedroom
$650
910 Druid Circle
Villa Heights
Norfolk, VA
Updated November 16 at 1:52am UTC
2 Bedrooms
$750
811 E 30TH Street
Villa Heights
Norfolk, VA
Updated November 16 at 1:52am UTC
2 Bedrooms
$775
3102 Vimy Ridge Avenue
Fairmont Park
Norfolk, VA
Updated November 16 at 1:51am UTC
1 Bedroom
$749
6208 Alexander Street
Sewells Gardens
Norfolk, VA
Updated November 16 at 1:51am UTC
2 Bedrooms
$700
509 Ocean View Avenue
Cottage Line
Norfolk, VA
Updated November 16 at 1:51am UTC
2 Bedrooms
$725
714 Thayor St Street
Chesterfield Heights
Norfolk, VA
Updated November 16 at 1:51am UTC
1 Bedroom
$595
3535 Mangrove Avenue
Ingleside
Norfolk, VA
Updated November 16 at 1:51am UTC
2 Bedrooms
$675
711 Rockingham Street
Berkley
Norfolk, VA
Updated November 16 at 1:51am UTC
2 Bedrooms
$720
712 Grayson Street
Berkley
Norfolk, VA
Updated November 16 at 1:51am UTC
2 Bedrooms
$695
9621 8th Bay Street
East Ocean View
Norfolk, VA
Updated November 16 at 1:50am UTC
2 Bedrooms
$690
4907 Princess Anne Road E
Foxhall
Norfolk, VA
Updated November 16 at 1:50am UTC
1 Bedroom
$700
6225 Alexander St
Sewells Gardens
Norfolk, VA
Updated November 16 at 1:43am UTC
2 Bedrooms
$650
2918 Gazel St
Villa Heights
Norfolk, VA
Updated November 16 at 1:43am UTC
2 Bedrooms
$699
1281 Little Bay Ave
Willoughby
Norfolk, VA
Updated November 15 at 9:41am UTC
1 Bedroom
$575
921 Little Creek Road W
Wards Corner
Norfolk, VA
Updated November 12 at 11:10pm UTC
2 Bedrooms
$720
9632 12th Bay Street
East Ocean View
Norfolk, VA
Updated November 12 at 5:58pm UTC
1 Bedroom
$695
7731 Diven Street
Titustown
Norfolk, VA
Updated November 10 at 2:25am UTC
1 Bedroom
$650
862 Rugby Street
Lindenwood
Norfolk, VA
Updated November 10 at 2:25am UTC
2 Bedrooms
$725
1203 Hillside Avenue
Bayview
Norfolk, VA
Updated November 8 at 9:52pm UTC
1 Bedroom
$699
170 D View Avenue
West Ocean View
Norfolk, VA
Updated November 12 at 11:10pm UTC
2 Bedrooms
$625

November 2018 Norfolk Rent Report

Welcome to the November 2018 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 2018 Norfolk Rent Report

Welcome to the November 2018 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 over the past month

Norfolk rents have declined 0.1% over the past month, but have remained steady at 0.1% 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. Norfolk's year-over-year rent growth lags the state average of 1.4%, as well as the national average of 1.1%.

Rents rising across cities in Virginia

Throughout the past year, rents have remained steady in the city of Norfolk, but other cities across the entire state have seen rents increase. Of the largest 10 cities that we have data for in Virginia, 8 of them have seen prices rise. The state as a whole logged rent growth of 1.4% 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 $2,080; of the 10 largest cities in Virginia that we have data for, Portsmouth and Virginia Beach, where two-bedrooms go for $920 and $1,290, are the only two major cities in the state to see rents fall year-over-year (-0.8% and -0.1%).
  • Arlington, Richmond, and Alexandria have all experienced year-over-year growth above the state average (2.7%, 2.6%, and 1.8%, respectively).

Norfolk rents more affordable than many large cities nationwide

Rent growth in Norfolk has been relatively stable over the past year - some other large cities have seen more substantial increases; in contrast, rents in a few cities have actually declined. 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 $1,180. Nationwide, rents have grown by 1.1% over the past year compared to the stagnant growth in Norfolk.
  • While rents in Norfolk remained moderately stable this year, similar cities saw increases, including Phoenix (+3.0%), Atlanta (+1.5%), and New York (+1.5%); note that median 2BR rents in these cities go for $1,050, $1,190, and $2,520 respectively.
  • Renters will find more reasonable prices in Norfolk than most large cities. For example, San Francisco has a median 2BR rent of $3,100, 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 0.3% -0.1%
Norfolk $790 $950 -0.1% 0.1%
Chesapeake $990 $1,190 0.2% 1.2%
Newport News $840 $1,010 -0.4% 0.2%
Hampton $870 $1,050 0.2% 0.5%
Portsmouth $760 $920 1.0% -0.8%
Suffolk $920 $1,100 0.3% 1.7%
Williamsburg $1,010 $1,200 0.7% 2.5%

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.