69 Cheap Apartments for rent in Norfolk, VA

Last updated January 21 at 5:08am UTC
9633 20th Bay St Unit 2
East Ocean View
Norfolk, VA
Updated January 19 at 5:09am UTC
2 Bedrooms
$725
2905 Llewellyn AVE
Park Place
Norfolk, VA
Updated January 21 at 2:58am UTC
2 Bedrooms
$650
2403 Sewells Point RD
Coleman Place
Norfolk, VA
Updated January 4 at 12:41pm UTC
1 Bedroom
$695
1428 Kingston AVE
Bayview
Norfolk, VA
Updated January 20 at 2:13am UTC
1 Bedroom
$600
1533 Lea View AVE
Willoughby
Norfolk, VA
Updated January 3 at 11:51am UTC
2 Bedrooms
$695
1428 BAYCHESTER AVE
Bayview
Norfolk, VA
Updated January 21 at 2:58am UTC
1 Bedroom
$600
824 48th St
Highland Park
Norfolk, VA
Updated December 7 at 11:44am UTC
1 Bedroom
$440
370 Fort Worth AVE
Oakdale Farms-Denby Park
Norfolk, VA
Updated January 3 at 11:51am UTC
2 Bedrooms
$750
2915 Omohundro AVE
Park Place
Norfolk, VA
Updated January 3 at 11:52am UTC
1 Bedroom
$600
1445 Kingston AVE
Bayview
Norfolk, VA
Updated January 3 at 11:53am UTC
1 Bedroom
$600
2918 Gazel St
Villa Heights
Norfolk, VA
Updated January 21 at 1:26am UTC
2 Bedrooms
$699
3702 Cape Henry AVE
Coleman Place
Norfolk, VA
Updated January 18 at 7:21pm UTC
2 Bedrooms
$750
309 Ashlawn Dr. Unit #11
Oakdale Farms-Denby Park
Norfolk, VA
Updated January 21 at 5:08am UTC
1 Bedroom
$595
9523 5th Bay St
East Ocean View
Norfolk, VA
Updated January 20 at 1:45am UTC
1 Bedroom
$695
1510 Wilson Road 6
Campostella
Norfolk, VA
Updated January 14 at 10:49am UTC
3 Bedrooms
$750
1148 Hannah ST
Titustown
Norfolk, VA
Updated January 3 at 11:51am UTC
2 Bedrooms
$700
783 Marvin AVE
North Chesapeake Boulevard
Norfolk, VA
Updated January 11 at 2:35am UTC
1 Bedroom
$600
1710 E Ocean View AVE
Cottage Line
Norfolk, VA
Updated January 21 at 2:57am UTC
2 Bedrooms
$750
9607 11th Bay St
East Ocean View
Norfolk, VA
Updated January 20 at 1:45am UTC
1 Bedroom
$695
509 Ocean View AVE
Willoughby
Norfolk, VA
Updated January 21 at 2:58am UTC
2 Bedrooms
$725
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January 2018 Norfolk Rent Report

Welcome to the January 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

January 2018 Norfolk Rent Report

Welcome to the January 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 are up slightly by 1.8% 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 leads the state average of 1.5%, but trails the national average of 2.8%.

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 1.5% 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 $1,990; of the 10 largest Virginia cities that we have data for, all have seen rents rise year-over-year, with Portsmouth experiencing the fastest growth (+3.8%).
  • Virginia Beach, Newport News, and Norfolk have all experienced year-over-year growth above the state average (2.4%, 2.2%, and 1.8%, respectively).

Norfolk rents more affordable than many large cities nationwide

As rents have increased slightly in Norfolk, a few large cities nationwide have also seen rents grow modestly. 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 2.8% over the past year compared to the 1.8% rise in Norfolk.
  • While Norfolk's rents rose slightly over the past year, many cities nationwide also saw increases, including Phoenix (+3.8%), Seattle (+3.0%), and Dallas (+2.2%).
  • Renters will find more reasonable prices in Norfolk than most large cities. For example, San Francisco has a median 2BR rent of $3,010, 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 $1,060 $1,280 -0.4% 2.4%
Norfolk $790 $950 -0.1% 1.8%
Chesapeake $980 $1,180 -0.2% 1.7%
Newport News $830 $1,000 -0.5% 2.2%
Hampton $860 $1,040 -0.2% 1.7%
Portsmouth $780 $940 0.8% 3.8%
Suffolk $910 $1,090 0.5% 1.3%
Williamsburg $1,000 $1,190 0.3% -0.2%

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.