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37 Furnished Apartments for rent in Norfolk, VA

Last updated September 20 at 7:22am UTC
James
345 Granby St
Norfolk, VA
Updated September 20 at 4:36am UTC
Studio
Ask
1 Bedroom
$1,014
2 Bedrooms
Ask
The Loraine
245 Granby Street
Norfolk, VA
Updated September 20 at 4:36am UTC
Studio
$967
1 Bedroom
$1,160
2 Bedrooms
$1,558
605 Raleigh Avenue
Ghent
Norfolk, VA
Updated September 20 at 6:51am UTC
1 Bedroom
$745
1107 Ocean View Avenue E
Cottage Line
Norfolk, VA
Updated September 19 at 8:51pm UTC
2 Bedrooms
$950
1874 E Ocean View Avenue
Cottage Line
Norfolk, VA
Updated September 19 at 5:30am UTC
3 Bedrooms
$2,095
603 Raleigh Ave
Ghent
Norfolk, VA
Updated September 13 at 1:29am UTC
Studio
$650
238 W Ocean View Avenue
West Ocean View
Norfolk, VA
Updated September 11 at 10:54pm UTC
3 Bedrooms
$2,995
118 Leicester Avenue W
Northside
Norfolk, VA
Updated August 28 at 10:59pm UTC
4 Bedrooms
$2,700
1904 Ocean View Avenue
Cottage Line
Norfolk, VA
Updated August 24 at 3:02am UTC
2 Bedrooms
$1,650
Nexus
544 Newtown Road
Virginia Beach, VA
Updated September 20 at 6:25am UTC
1 Bedroom
$1,119
2 Bedrooms
$1,479
Results within 1 miles of Norfolk, VA
78 Parkview Avenue
Park View
Portsmouth, VA
Updated June 25 at 11:40pm UTC
1 Bedroom
$1,100
Results within 5 miles of Norfolk, VA
Holly Point Apartments
2540 Holly Point Blvd
Chesapeake, VA
Updated September 20 at 4:36am UTC
1 Bedroom
$1,045
2 Bedrooms
$1,120
3 Bedrooms
$1,755
4941 Travertine Avenue
Virginia Beach
Virginia Beach, VA
Updated September 20 at 6:52am UTC
2 Bedrooms
$1,849
4703 Ocean View Avenue
Northwest Virginia Beach
Virginia Beach, VA
Updated September 20 at 1:05am UTC
3 Bedrooms
$3,200
4701 Ocean View Avenue
Northwest Virginia Beach
Virginia Beach, VA
Updated September 17 at 11:19am UTC
3 Bedrooms
$3,200
1508 W Ocean View Ave
Willoughby
Norfolk, VA
Updated September 20 at 2:19am UTC
2 Bedrooms
$925

September 2018 Norfolk Rent Report

Welcome to the September 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

September 2018 Norfolk Rent Report

Welcome to the September 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 rent trends were flat over the past month

Norfolk rents have increased 0.1% over the past month, but have decreased moderately by 0.7% 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 0.5%, as well as the national average of 1.0%.

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 6 of the largest 10 cities in Virginia for which we have data. The state as a whole logged rent growth of 0.5% 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 $2,100; of the 10 largest cities in Virginia that we have data for, Portsmouth, Lynchburg, and Virginia Beach, where two-bedrooms go for $910, $860, and $1,280, respectively, are the three major cities in the state besides Norfolk to see rents fall year-over-year (-2.3%, -2.2%, and -0.6%).
  • Richmond, Suffolk, and Newport News have all experienced year-over-year growth above the state average (1.9%, 1.8%, and 1.8%, 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 1.0% over the past year compared to the 0.7% decline in Norfolk.
  • While rents in Norfolk fell moderately over the past year, many cities nationwide saw increases, including Phoenix (+2.5%), Atlanta (+1.5%), and San Francisco (+1.1%).
  • 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 $1,280 -0.0% -0.6%
Norfolk $790 $950 0.1% -0.7%
Newport News $840 $1,010 0.4% 1.8%
Hampton $870 $1,040 -0.2% 1.2%
Portsmouth $760 $910 -0.7% -2.3%
Suffolk $920 $1,100 -0.5% 1.8%
Williamsburg $1,000 $1,190 0.0% 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.