ReNew Little Creek
6450 Crescent Way,
Norfolk, VA 23513
1-3 Beds | $1,340 - $2,690
Rental Market Trends in Norfolk, VA
What is the average rent in Norfolk, VA?
$1,271/month
Average Rent
670 Sq Ft
Average Apartment Size
+1.2%
Increase in the Last Year
As of February 2025, the average rent in Norfolk, VA is $1,271 per month. This is 18% lower than the national average rent of $1,556/month, making renting in Norfolk more affordable than most cities in the US. When you rent an apartment in Norfolk, you can expect to pay about $1,319 per month for a studio, $1,271 for a one-bedroom apartment, and around $1,407 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,797 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Norfolk, VA?
In the past year, rent has increased by 1.2%, which averages out to $16 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated February 2025
Legend
2024
2025
Rent Ranges in Norfolk, VA
Last Updated February 2025
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
5%
Below $700/month
32%
$700 - $1,000/month
36%
$1,001 - $1,500/month
23%
$1,501 - $2,000/month
4%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Norfolk?
Based on current rent prices, Colonial Heights, Suburban Acres and Naval Station Norfolk are the most affordable neighborhoods in Norfolk.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Norfolk?
Based on current rent prices, Lamberts Point, Highland Park and East Ocean View are the most expensive neighborhoods in Norfolk.
Neighborhood
Average Rent
Average Sq Ft
Which Norfolk neighborhoods have the most rentals available?
The neighborhoods in Norfolk with the most apartments available are Downtown Norfolk, Wards Corner and Ghent Square .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Norfolk, VA?
Because the average rent in Norfolk is $1,271, you’ll want to make about $4,236 per month or $50,832 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
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 $1,271 - $1,797. You can expect to pay 0.7% less for groceries, 6.7% more for utilities, and 3.7% less for transportation.
How does Norfolk, VA compare to other nearby cities and neighborhoods?
Use the tool below to compare Norfolk, VA to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
$566/month
-
One Bedroom
$928/month
$824/month
Two Bedroom
$1,230/month
-
Three Bedroom
$1,867/month
-
Nearby City Rent Trends
Apartment communities in Norfolk we think you'll love
Property Management Companies in Norfolk, VA
S.L. Nusbaum
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75
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14,832
Units
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31
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16 Communities in Norfolk
Drucker + Falk
-
153
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-
36,896
Units
-
59
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6 Communities in Norfolk
Franklin Group
-
121
Communities
-
22,231
Units
-
57
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Vest Residential
-
71
Communities
-
16,510
Units
-
40
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Gates Hudson
-
106
Communities
-
21,825
Units
-
43
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5 Communities in Norfolk
Frye Properties
-
11
Communities
-
2,400
Units
-
5
Cities
5 Communities in Norfolk
Community Investment Group
-
20
Communities
-
3,127
Units
-
17
Cities
3 Communities in Norfolk
Thalhimer Multifamily
-
45
Communities
-
7,920
Units
-
16
Cities
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Methodology
† 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.
* Percentages may not total 100 due to rounding.