97 Cheap Apartments for rent in Norfolk, VA

Last updated July 18 at 2:34pm UTC
1851 E Ocean View Avenue
Cottage Line
Norfolk, VA
Updated July 18 at 2:34pm UTC
2 Bedrooms
$725
4900 E Princess Anne Road
Foxhall
Norfolk, VA
Updated July 18 at 2:33pm UTC
2 Bedrooms
$750
4900 E Princess Anne Road
Foxhall
Norfolk, VA
Updated July 18 at 2:33pm UTC
1 Bedroom
$695
166 W Balview Avenue
West Ocean View
Norfolk, VA
Updated July 18 at 2:33pm UTC
2 Bedrooms
$725
515 Ashlawn Drive
Oakdale Farms-Denby Park
Norfolk, VA
Updated July 18 at 2:33pm UTC
2 Bedrooms
$750
9557 21st Bay Street
East Ocean View
Norfolk, VA
Updated July 18 at 2:33pm UTC
2 Bedrooms
$750
209 W 30th Street
Park Place
Norfolk, VA
Updated July 18 at 2:33pm UTC
1 Bedroom
$600
9539 21st Bay Street
East Ocean View
Norfolk, VA
Updated July 18 at 2:33pm UTC
2 Bedrooms
$690
1444 W 41st Street
Lamberts Point
Norfolk, VA
Updated July 18 at 2:32pm UTC
2 Bedrooms
$695
1343 W 39th Street
Lamberts Point
Norfolk, VA
Updated July 18 at 10:06am UTC
4 Bedrooms
$500
906 Ocean View Avenue W
Willoughby
Norfolk, VA
Updated July 17 at 6:41pm UTC
2 Bedrooms
$750
754 Fremont Street
Olde Huntersville
Norfolk, VA
Updated July 17 at 2:50pm UTC
2 Bedrooms
$750
1801 Bower Street
Olde Huntersville
Norfolk, VA
Updated July 17 at 2:50am UTC
2 Bedrooms
$725
1710 E Ocean View Avenue
Cottage Line
Norfolk, VA
Updated July 14 at 2:38pm UTC
2 Bedrooms
$750
1023 38th Street W
Park Place
Norfolk, VA
Updated July 14 at 3:09am UTC
2 Bedrooms
$725
2403 SEWELLS POINT Road
Coleman Place
Norfolk, VA
Updated July 12 at 10:51pm UTC
1 Bedroom
$695
1423 W Ocean View Avenue
Willoughby
Norfolk, VA
Updated July 12 at 3:04am UTC
2 Bedrooms
$725
184 W Balview Avenue W
West Ocean View
Norfolk, VA
Updated July 11 at 3:10am UTC
2 Bedrooms
$750
9621 8th Bay Street
East Ocean View
Norfolk, VA
Updated July 7 at 3:22am UTC
2 Bedrooms
$695
410 Little Creek Road
Oakdale Farms-Denby Park
Norfolk, VA
Updated July 18 at 10:06am UTC
1 Bedroom
$650
2065 Ocean View Avenue
Cottage Line
Norfolk, VA
Updated July 18 at 10:06am UTC
1 Bedroom
$650
1559 Aspin St
Coleman Place
Norfolk, VA
Updated July 18 at 9:15am UTC
2 Bedrooms
$775
6225 Alexander St
Sewells Gardens
Norfolk, VA
Updated July 18 at 9:15am UTC
2 Bedrooms
$699

July 2018 Norfolk Rent Report

Welcome to the July 2018 Norfolk Rent Report. Norfolk rents increased 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

July 2018 Norfolk Rent Report

Welcome to the July 2018 Norfolk Rent Report. Norfolk rents increased 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 increased over the past month

Norfolk rents have increased 0.1% over the past month, but have decreased slightly by 0.5% 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 0.7%, as well as the national average of 1.4%.

Rents rising across cities in Virginia

While rent decreases have been occurring in the city of Norfolk over the past year, cities in the rest of the state are seeing the opposite trend. Rents have risen in 8 of the largest 10 cities in Virginia for which we have data. The state as a whole logged rent growth of 0.7% 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 $2,070; of the 10 largest cities in the state that we have data for, Portsmouth, where a two-bedroom goes for $930, is the only other major city besides Norfolk to see rents fall year-over-year (-0.6%).
  • Richmond, Suffolk, and Hampton have all experienced year-over-year growth above the state average (3.2%, 2.7%, and 2.5%, respectively).

Norfolk rents more affordable than many large cities nationwide

As rents have fallen moderately in Norfolk, many large cities nationwide have seen prices increase, in some cases substantially. Norfolk is also 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 1.4% over the past year compared to the 0.5% decline in Norfolk.
  • While rents in Norfolk fell moderately over the past year, many cities nationwide saw increases, including Phoenix (+2.3%), Atlanta (+1.9%), and Miami (+1.8%).
  • 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 0.3% 0.9%
Norfolk $790 $950 0.1% -0.5%
Chesapeake $990 $1,190 -0.0% 1.5%
Newport News $840 $1,010 -0.3% 1.1%
Hampton $870 $1,050 0.4% 2.5%
Portsmouth $770 $930 0.6% -0.6%
Suffolk $920 $1,110 0.6% 2.7%
Williamsburg $1,010 $1,200 0.9% 3.3%

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.