Fusion at Neon
225 W Olney Rd,
Norfolk, VA 23510
$1,498 - $3,510 | Studio - 3 Beds
Norfolk
Norfolk, VA
Area Guide
Virginia’s second largest city features coastal views and a rich history
Coastal
•
Historic
•
Military
•
College
•
Entertainment
•
Bordering the Chesapeake Bay and the Elizabeth River in southeastern Virginia, Norfolk is the second most populous city in the state. This coastal oasis is home to the world’s largest naval base and the North American Headquarters for NATO, keeping with the city’s long history of strategic military and trade operations.
But it’s not all business in Norfolk. There’s no shortage of things to do in the city. Being a renter in Norfolk affords you the opportunity to stroll through the lush Norfolk Botanical Garden, explore the latest exhibits at the Chrysler Museum of Art, and enjoy riverfront views at Town Pointe Park. Sports is a prevalent appeal to the area, with the Norfolk Admirals hockey team playing at Scope Arena. Families appreciate the kid-friendly fun in the city, like visiting the Virginia Zoo. After you find your affordable apartment in the city, you can tour the USS Wisconsin Battleship, browse the shops at MacArthur Center and the Norfolk Premium Outlets, and enjoy outdoor recreation and waterfront relaxation at Ocean View Beach Park.
Norfolk State University and Old Dominion University give the city a youthful presence, offering a scenic campus and prestigious courses. Traveling and commuting from Norfolk is as easy as ever with access to the Norfolk International Airport, Interstates 64, 264, 464, and 564, and the various train stations throughout the city.
Explore the City
Boats dot the Elizabeth River in Norfolk
An evening stroll on the dock
Rent Trends
As of March 2025, the average apartment rent in Norfolk, VA is $1,328 for a studio, $1,281 for one bedroom, $1,419 for two bedrooms, and $1,793 for three bedrooms. Apartment rent in Norfolk has increased by 2.0% in the past year.
Property Type
Average Rent
Average Sq Ft
Apartment
$1,281/month
670 Sq Ft
House
$2,249/month
1,323 Sq Ft
Condo
$1,701/month
770 Sq Ft
Townhome
$1,806/month
989 Sq Ft
Cost of Living
The cost of living in Norfolk, VA is 2.9% lower than the national average. Generally, housing in Norfolk is 12.0% less expensive than the national average, with rent falling between $1,281 - $1,793. You can expect to pay 0.7% less for groceries, 6.7% more for utilities, and 3.7% less for transportation.
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Transportation
62
Somewhat Walkable
out of 100 WalkScore® Rating
You might be able to get out and walk when living in this area. Some errands can be accomplished on foot, but for others you’ll need a car.
50
Good Transit
out of 100 TransitScore® Rating
The area around this property has good transit with many nearby transportation options.
50
Bikeable
out of 100 BikeScore® Rating
While there’s some bike infrastructure in this area, you’ll still need a car for many errands.
Schools
Public
Grades PK-5
341 Students
8
Public
Grades PK-5
316 Students
7
Public
Grades PK-5
592 Students
6
Public
Grades K-8
482 Students
6
Public
Grades PK-5
471 Students
6
Public
Grades K-8
482 Students
6
Public
Grades 6-8
1,149 Students
4
Public
Grades 6-8
848 Students
4
Public
Grades PK-8
756 Students
4
Public
Grades 6-8
763 Students
3
Public
Grades 9-12
1,697 Students
3
Public
Grades 9-12
1,915 Students
2
Public
Grades 9-12
1,837 Students
2
Public
Grades 9-12
1,030 Students
2
Public
Grades 9-12
947 Students
2
School data provided by
GreatSchools
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
Points of Interest
Shopping Centers
Parks and Recreation
- Virginia Zoo
- Fred Heutte Center
- Norfolk Botanical Garden
- Nauticus
- Children's Museum of Virginia
Transit / Subway
Commuter Rail
Airports
- Norfolk International
- Newport News/Williamsburg International
Top Apartments in Norfolk
Houses for Rent in Norfolk
Property Management Companies in Norfolk, VA
S.L. Nusbaum
-
71
Communities
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14,336
Units
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30
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16 Communities in Norfolk
Drucker & Falk
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157
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37,845
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59
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6 Communities in Norfolk
Franklin Group
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119
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21,840
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56
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Vest Residential
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71
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16,312
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40
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Gates Hudson
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106
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43
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Frye Properties
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11
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2,400
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5
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5 Communities in Norfolk
Living in Norfolk
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.