104 Condos for rent in Norfolk, VA

Last updated May 27 at 10:41pm UTC
805 Westover AVE
Ghent
Norfolk, VA
Updated May 27 at 10:41pm UTC
3 Bedrooms
$1,995
2221 Pretty Lake AVE
East Ocean View
Norfolk, VA
Updated May 27 at 10:41pm UTC
3 Bedrooms
$1,295
2812 Harrell AVE
Ballentine Place
Norfolk, VA
Updated May 27 at 10:41pm UTC
2 Bedrooms
$795
9557 21st Bay ST
East Ocean View
Norfolk, VA
Updated May 27 at 10:41pm UTC
2 Bedrooms
$750
500 Granby ST
Downtown Norfolk
Norfolk, VA
Updated May 27 at 10:41pm UTC
1 Bedroom
$1,300
1042 Redgate AVE
West Ghent
Norfolk, VA
Updated May 27 at 10:41pm UTC
2 Bedrooms
$1,495
4500 Newport AVE
Colonial Place-Riverview
Norfolk, VA
Updated May 27 at 10:41pm UTC
2 Bedrooms
$1,195
714 Thayor ST
Chesterfield Heights
Norfolk, VA
Updated May 27 at 10:41pm UTC
2 Bedrooms
$795
203 Westover AVE
Downtown Norfolk
Norfolk, VA
Updated May 27 at 1:39pm UTC
1 Bedroom
$1,095
388 Boush ST
Downtown Norfolk
Norfolk, VA
Updated May 27 at 1:39pm UTC
1 Bedroom
$1,200
722 Lesner AVE
North Chesapeake Boulevard
Norfolk, VA
Updated May 27 at 1:38pm UTC
2 Bedrooms
$950
1232 Norview AVE
Sewells Gardens
Norfolk, VA
Updated May 27 at 1:38pm UTC
3 Bedrooms
$1,100
450 W Princess Anne RD
Ghent Square
Norfolk, VA
Updated May 27 at 1:38pm UTC
1 Bedroom
$1,295
256 Portview AVE
West Ocean View
Norfolk, VA
Updated May 27 at 1:37pm UTC
2 Bedrooms
$1,150
1015 Colonial AVE
Ghent
Norfolk, VA
Updated May 26 at 4:04pm UTC
2 Bedrooms
$1,350
1516 Minnesota AVE
Coleman Place
Norfolk, VA
Updated May 26 at 3:58am UTC
2 Bedrooms
$950
6176 Edward ST
Shadywood East
Norfolk, VA
Updated May 25 at 11:40pm UTC
2 Bedrooms
$850
2808 Lafayette BLVD
Fairmont Park
Norfolk, VA
Updated May 25 at 3:39pm UTC
1 Bedroom
$850
915 Colley AVE
Ghent
Norfolk, VA
Updated May 25 at 2:41pm UTC
2 Bedrooms
$2,000
6520 Diesel CT
Sewells Gardens
Norfolk, VA
Updated May 27 at 1:37pm UTC
3 Bedrooms
$1,000
3100 Somme AVE
Fairmont Park
Norfolk, VA
Updated May 27 at 9:35am UTC
3 Bedrooms
$950
9511 17th Bay ST
East Ocean View
Norfolk, VA
Updated May 25 at 3:38pm UTC
2 Bedrooms
$800
9512 18th Bay ST
East Ocean View
Norfolk, VA
Updated May 25 at 2:40pm UTC
3 Bedrooms
$915
7231 Newport AVE
Suburban
Norfolk, VA
Updated May 24 at 12:05pm UTC
3 Bedrooms
$1,595
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May 2018 Norfolk Rent Report

Welcome to the May 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

May 2018 Norfolk Rent Report

Welcome to the May 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 been relatively flat at 0.4% 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 0.9%, as well as the national average of 1.5%.

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, 9 of them have seen prices rise. The state as a whole logged rent growth of 0.9% 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 $2,020; of the 10 largest Virginia cities that we have data for, 9 have seen rents rise year-over-year, with Richmond experiencing the fastest growth (+3.1%).
  • Chesapeake, Hampton, and Newport News have all experienced year-over-year growth above the state average (2.0%, 1.6%, and 1.5%, 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. 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 $1,170. Nationwide, rents have grown by 1.5% 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 (+2.3%), Atlanta (+1.9%), and Denver (+1.6%); note that median 2BR rents in these cities go for $1,030, $1,170, and $1,320 respectively.
  • Renters will find more reasonable prices in Norfolk than most large cities. For example, San Francisco has a median 2BR rent of $3,060, 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 0.3% 1.5%
Norfolk $790 $950 -0.1% 0.4%
Chesapeake $990 $1,190 0.0% 2.0%
Newport News $840 $1,010 -0.3% 1.5%
Hampton $860 $1,040 0.5% 1.6%
Portsmouth $760 $920 -0.1% 0.6%
Suffolk $900 $1,090 -0.0% 0.3%
Williamsburg $990 $1,180 0.2% 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.