ReNew Little Creek
6450 Crescent Way,
Norfolk, VA 23513
1-3 Beds | $1,340 - $2,765
Rental Market Trends in Norfolk, VA
What is the average rent in Norfolk, VA?
$1,265/month
Average Rent
671 Sq Ft
Average Apartment Size
+0.9%
Increase in the Last Year
As of January 2025, the average rent in Norfolk, VA is $1,265 per month. This is 19% lower than the national average rent of $1,554/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 $1,301 per month for a studio, $1,265 for a one-bedroom apartment, and around $1,403 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,791 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 0.9%, which averages out to $12 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 January 2025
Legend
2024
2025
Rent Ranges in Norfolk, VA
Last Updated January 2025
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
5%
Below $700/month
34%
$700 - $1,000/month
35%
$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, Talbot Park and Willough Bay 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, Highland Park, East Ocean View and Hunter's Square 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, East Ocean View 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 $1,265, you’ll want to make about $4,216 per month or $50,592 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.
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
$565/month
-
One Bedroom
$927/month
$888/month
Two Bedroom
$1,229/month
$1,021/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
-
76
Communities
-
14,928
Units
-
31
Cities
16 Communities in Norfolk
Drucker + Falk
-
154
Communities
-
37,077
Units
-
59
Cities
7 Communities in Norfolk
Franklin Group
-
122
Communities
-
22,426
Units
-
57
Cities
6 Communities in Norfolk
Gates Hudson
-
104
Communities
-
21,222
Units
-
41
Cities
6 Communities in Norfolk
Vest Residential
-
70
Communities
-
16,370
Units
-
40
Cities
6 Communities in Norfolk
Frye Properties
-
11
Communities
-
2,400
Units
-
5
Cities
5 Communities in Norfolk
Covenant Property Services
-
11
Communities
-
1,797
Units
-
7
Cities
4 Communities in Norfolk
Community Investment Group
-
20
Communities
-
3,127
Units
-
17
Cities
3 Communities in Norfolk
Learn More with Helpful Articles
Rental management, simplified
Our all-in-one suite of property manangement software makes the rental process easy. Screen tenants, manage payments, and more – all on Apartments.com
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.