Last updated
Average Rent in Fairmont Park & Rent Trends
Rent prices and market trends across 1 apartment community in Fairmont Park, Norfolk, VA. Updated daily.
Market Average
$2,225/mo
▲ +0.5% from last month
Lowest Available
$2,182/mo
cheapest unit on market
Communities
1
tracked daily
Units Listed
4
available now
Fairmont Park vs Norfolk, VA Average
Fairmont Park is more expensive the Norfolk, VA average by $315/mo (16%). The citywide average is $1,910/mo across all neighborhoods.
Is Rent Going Up or Down in Fairmont Park?
As of May 2026, the average rent in Fairmont Park is $2,225 per month across 1 apartment community and 4 available units. Rents have increased $10 (0.5%) over the past month.
The most affordable option is Promenade Pointe starting at $2,182/mo. By unit type, a 2-bedroom averages $2,225/mo.
Prices range from $2,182 to $2,257 per month. The most common price point is the $2,200 range, where 3 units are currently listed.
Fairmont Park Rent Price History
Rent Price Distribution
Rent by Bedroom Type in Fairmont Park
Rent Prices by Apartment in Fairmont Park
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Promenade Pointe | $2,182/mo | $2,225/mo | 4 | 4.6 |
Google Search Trends for Fairmont Park Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Fairmont Park
What is the average rent in Fairmont Park?
Is rent going up or down in Fairmont Park?
What is the cheapest apartment in Fairmont Park?
How many apartments are available in Fairmont Park?
What salary do I need to live comfortably in Fairmont Park?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$89,000/year
30 percent rule -- using our average rent of $2,225/mo.
Comfortable income
$107,000/year
25 percent rule -- leaves more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($2,182/mo), you need to earn at least $87,000/year.
Median household income in Fairmont Park is $64,017 , about 40% below the comfortable-living threshold.
Cost of living in Fairmont Park
Overall prices in Fairmont Park 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 Fairmont Park's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $2,225 |
| Utilities | $420 |
| Groceries | $524 |
| Transportation | $1,001 |
| Healthcare | $488 |
| Other goods and services | $781 |
| Estimated total | $5,440/mo |
Population
235,037
Median household income
$64,017
Census median rent
$1,246/mo
Rent as % of income
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.
Explore Fairmont Park Apartments
Browse all 1 communities with daily-updated pricing and availability.