32 Furnished Apartments for rent in Norfolk, VA

Last updated July 16 at 6:57am UTC
James
345 Granby St
Norfolk, VA
Updated July 16 at 3:21am UTC
Studio
Ask
1 Bedroom
$956
2 Bedrooms
Ask
The Loraine
245 Granby Street
Norfolk, VA
Updated July 16 at 3:21am UTC
Studio
$967
1 Bedroom
$1,265
2 Bedrooms
$1,700
504 E Freemason Street
Downtown Norfolk
Norfolk, VA
Updated July 15 at 2:50pm UTC
1 Bedroom
$1,350
1005 Colonial Avenue
Ghent
Norfolk, VA
Updated July 4 at 2:27am UTC
1 Bedroom
$1,100
1904 Ocean View Avenue
Cottage Line
Norfolk, VA
Updated June 25 at 11:40pm UTC
2 Bedrooms
$1,795
118 Leicester Avenue W
Northside
Norfolk, VA
Updated June 25 at 11:40pm UTC
4 Bedrooms
$2,700
2626 Myrtle Ave
Broad Creek
Norfolk, VA
Updated April 28 at 10:15am UTC
5 Bedrooms
$1,595
Nexus
544 Newtown Road
Virginia Beach, VA
Updated July 16 at 6:25am UTC
1 Bedroom
$1,229
2 Bedrooms
$1,459
78 Parkview Avenue
Park View
Portsmouth, VA
Updated June 25 at 11:40pm UTC
1 Bedroom
$1,100
Results within 1 miles of Norfolk, VA
Results within 5 miles of Norfolk, VA
2810 Mark Street
Indian River
Chesapeake, VA
Updated July 15 at 10:36am UTC
4 Bedrooms
$1,500
5135 Lake Shores Road
Northwest Virginia Beach
Virginia Beach, VA
Updated July 2 at 9:47pm UTC
4 Bedrooms
$2,800
Results within 10 miles of Norfolk, VA
1508 W Ocean View Ave
Willoughby
Norfolk, VA
Updated July 16 at 1:15am UTC
2 Bedrooms
$925

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.