Last updated
Average Rent in Norfolk, VA & Rent Trends
Rent prices and market trends across 14 apartment communities in Norfolk, VA. Updated daily.
Market Average
$1,858/mo
▲ +2.9% from last month
Lowest Available
$1,125/mo
cheapest unit on market
Communities
14
tracked daily
Units Listed
38
available now
Rent Watch: cuts and increases
Open Rent Watch →0 cuts and 0 increases among 4 comparable listings this week. Filter by bedrooms and budget, then inspect each building’s history.
Rent by Neighborhood in Norfolk, VA
Compare average rent across Norfolk, VA neighborhoods. Click any area to see detailed trends. View these neighborhoods on the rent map
| Neighborhood | Avg Rent | 30d Change | From | Properties | Units |
|---|---|---|---|---|---|
| Fairmont Park | $2,252 | ▼ $20 | $1,927 | 1 | 8 |
| Ghent | $2,162 | ▲ $197 | $1,787 | 2 | 3 |
| Highland Park | $2,130 | ▼ $1,006 | $985 | 3 | 9 |
| Downtown | $2,035 | ▲ $117 | $1,312 | 9 | 57 |
| Norfolk 23517 | $984 | - | $659 | 1 | 20 |
Is Rent Going Up or Down in Norfolk, VA?
As of October 2026, the average rent in Norfolk, VA is $1,858 per month across 14 apartment communities and 38 available units. Rents have increased $53 (2.9%) over the past month.
The most affordable option is Meredith Communities starting at $1,125/mo. By unit type, a 1-bedroom averages $1,858/mo.
Prices range from $1,125 to $2,497 per month. The most common price point is the $1,800 range, where 12 units are currently listed.
Norfolk, VA Rent Price History
View as table
| Month | Avg Rent | Change | Properties |
|---|---|---|---|
| April 2026 | $1,750 | - | 7 |
| May 2026 | $1,860 | +$110 | 7 |
| June 2026 | $1,945 | +$85 | 12 |
| July 2026 | $1,903 | -$42 | 15 |
| August 2026 | $1,959 | +$56 | 14 |
| September 2026 | $1,919 | -$40 | 14 |
| October 2026 | $2,011 | +$92 | 13 |
The trend line and monthly averages track each building's average listed price, recorded daily with outliers trimmed. The current month is a month-to-date figure, so it can sit above or below today's live market average shown at the top of this page.
Rent Price Distribution
Rent by Bedroom Type in Norfolk, VA
Rent Prices by Apartment in Norfolk, VA
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Meredith Communities | $1,125/mo | $1,125/mo | 1 | 5 |
| The James Apartments | $1,448/mo | $1,753/mo | 4 | 3.4 |
| The Wainwright Downtown Apartments | $1,550/mo | $1,828/mo | 5 | 4.3 |
| Savoy Apartments | $1,565/mo | $1,611/mo | 2 | 4 |
| The Virginia Building Apartments | $1,577/mo | $1,577/mo | 1 | 3.7 |
| The Law Building Apartments | $1,622/mo | $1,622/mo | 1 | 3.9 |
| The Rockefeller Norfolk Apartments | $1,660/mo | $1,660/mo | 1 | 4 |
Frequently Asked Questions About Rent in Norfolk, VA
What is the average rent in Norfolk, VA?
Is rent going up or down in Norfolk, VA?
What is the cheapest apartment in Norfolk, VA?
How much is a 1-bedroom apartment in Norfolk, VA?
How many apartments are available in Norfolk, VA?
What salary do I need to live comfortably in Norfolk, VA?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$74,000/year
Based on the 30 percent rule, using our tracked average rent of $1,858/mo.
Comfortable income
$89,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,125/mo), you need to earn at least $45,000/year.
Median household income in Norfolk, VA is $64,017 , about 28% below the comfortable-living threshold.
Cost of living in Norfolk, VA
Overall prices in Norfolk, VA 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, VA's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,858 |
| Utilities | $420 |
| Groceries | $524 |
| Transportation | $1,001 |
| Healthcare | $488 |
| Other goods and services | $781 |
| Estimated total | $5,073/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, VA Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Norfolk, VA Apartments
Browse all 14 communities with daily-updated pricing and availability.