50 Furnished Apartments for rent in Norfolk, VA

Last updated November 21 at 10:25am UTC
9641 Norfolk AVE
Pinewell
Norfolk, VA
Updated November 21 at 1:53am UTC
1 Bedroom
$800
241 Granby St
Downtown Norfolk
Norfolk, VA
Updated November 21 at 10:23am UTC
1 Bedroom
$1,195
Results within 5 miles of Norfolk, VA
221 MARKET ST
Northwest Virginia Beach
Virginia Beach, VA
Updated October 26 at 2:41am UTC
1 Bedroom
$1,350
Results within 10 miles of Norfolk, VA
2303 Catamaran CT
Northeast Virginia Beach
Virginia Beach, VA
Updated October 28 at 2:27am UTC
3 Bedrooms
$1,800
7709 Atlantic AVE
North Virginia Beach
Virginia Beach, VA
Updated October 20 at 2:26am UTC
3 Bedrooms
$1,100
108 87th ST
North Virginia Beach
Virginia Beach, VA
Updated October 20 at 2:27am UTC
5 Bedrooms
$1,800
201 77th Street
North Virginia Beach
Virginia Beach, VA
Updated September 26 at 3:45am UTC
2 Bedrooms
$1,600
Results within 20 miles of Norfolk, VA
3558 SHORE DR
Northwest Virginia Beach
Virginia Beach, VA
Updated September 15 at 2:54am UTC
2 Bedrooms
$1,800
2828 Charlemagne DR
Northeast Virginia Beach
Virginia Beach, VA
Updated November 16 at 11:03am UTC
3 Bedrooms
$2,995
2310 Bayberry ST
Northeast Virginia Beach
Virginia Beach, VA
Updated September 23 at 3:22am UTC
4 Bedrooms
$2,000
1300 Cypress AVE
Northeast Virginia Beach
Virginia Beach, VA
Updated November 16 at 11:04am UTC
2 Bedrooms
$1,400
211 56th ST
Northeast Virginia Beach
Virginia Beach, VA
Updated September 22 at 2:43am UTC
2 Bedrooms
$1,200
5305 Spy Glass Drive
East Ocean View
Norfolk, VA
Updated November 3 at 9:49am UTC
3 Bedrooms
$2,200
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November 2017 Norfolk Rent Report

Welcome to the November 2017 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

November 2017 Norfolk Rent Report

Welcome to the November 2017 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 significantly over the past month

Norfolk rents have declined 0.4% over the past month, but have increased slightly by 1.6% 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. This is the second straight month that the city has seen rent decreases after an increase in August. Norfolk's year-over-year rent growth leads the state average of 1.0%, but trails the national average of 2.7%.

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 1.0% 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 $2,030; of the 10 largest Virginia cities that we have data for, all have seen rents rise year-over-year, with Newport News experiencing the fastest growth (+3.4%).
  • Chesapeake, Portsmouth, and Virginia Beach have all experienced year-over-year growth above the state average (2.3%, 2.0%, and 1.8%, respectively).

Norfolk rents more affordable than many large cities nationwide

As rents have increased slightly in Norfolk, large cities nationwide have seen rents grow more quickly. 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 2.7% over the past year compared to the 1.6% increase in Norfolk.
  • While Norfolk's rents rose slightly over the past year, many cities nationwide saw more substantial increases, including Seattle (+4.2%), Phoenix (+4.1%), and Dallas (+2.6%).
  • 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 -0.1% 1.8%
Norfolk $790 $950 -0.4% 1.6%
Chesapeake $980 $1,180 2.3%
Newport News $840 $1,010 0.6% 3.4%
Hampton $860 $1,040 0.3% 1.6%
Portsmouth $770 $930 0.1% 2.0%
Williamsburg $990 $1,170 0.8% -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.