Last updated
Average Rent in Norfolk 23517 & Rent Trends
Rent prices and market trends across 1 apartment community in Norfolk 23517, Norfolk, VA. Updated daily.
Market Average
$984/mo
Lowest Available
$659/mo
cheapest unit on market
Communities
1
tracked daily
Units Listed
20
available now
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Norfolk 23517 vs Norfolk, VA Average
Norfolk 23517 is cheaper than the Norfolk, VA average by $770/mo (44%). The citywide average is $1,754/mo across all neighborhoods.
Is Rent Going Up or Down in Norfolk 23517?
As of October 2026, the average rent in Norfolk 23517 is $984 per month across 1 apartment community and 20 available units.
The most affordable option is John Knox Towers Apartments starting at $659/mo.
Prices range from $659 to $1,599 per month. The most common price point is the $800 range, where 6 units are currently listed.
Rent Price Distribution
Rent Prices by Apartment in Norfolk 23517
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| John Knox Towers Apartments | $659/mo | $984/mo | 20 | 4 |
Frequently Asked Questions About Rent in Norfolk 23517
What is the average rent in Norfolk 23517?
Is rent going up or down in Norfolk 23517?
What is the cheapest apartment in Norfolk 23517?
How many apartments are available in Norfolk 23517?
What salary do I need to live comfortably in Norfolk 23517?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$39,000/year
Based on the 30 percent rule, using our tracked average rent of $984/mo.
Comfortable income
$47,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($659/mo), you need to earn at least $26,000/year.
Median household income in Norfolk 23517 is $64,017 , about 36% above the comfortable-living threshold.
Cost of living in Norfolk 23517
Overall prices in Norfolk 23517 runs below the national average by about 2% (BEA Regional Price Parity index 97.7, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Norfolk 23517's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $984 |
| Utilities | $420 |
| Groceries | $524 |
| Transportation | $1,001 |
| Healthcare | $488 |
| Other goods and services | $781 |
| Estimated total | $4,199/mo |
Population
235,037
Median household income
$64,017
Census median rent
$1,246/mo
Census rent burden
31.7%
Median age
32.4
Mean commute
23 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Google Search Trends for Norfolk 23517 Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Norfolk 23517 Apartments
Browse all 1 communities with daily-updated pricing and availability.