Norfolk, VA Rental Market Trends
Last updated: February 19, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Norfolk is $1,564, a 5.1% increase compared to the previous year, when the average rent was $1,488.
Studio Apartments at $1,443 offer the most budget-friendly option with 581 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 696 square feet for $1,418, balancing privacy and affordability.
Two-beedroom units at $1,600 offer 976 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,233 sq ft) for $1,923, suitable for larger households.
Average rent in Norfolk, VA
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,564 | 881 sq. ft. |
| Studio | $1,443 | 581 sq. ft. |
| 1 Bed | $1,418 | 696 sq. ft. |
| 2 Beds | $1,600 | 976 sq. ft. |
| 3 Beds | $1,923 | 1,233 sq. ft. |
Norfolk, VA rent trends
Rental prices in Norfolk, VA have increased by 5.1% over the past year. The average rent moved from $1,488 to $1,564.
What's the typical rent budget in Norfolk, VA?
The largest share of rentals in Norfolk, VA (45%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Norfolk, VA?
51,298 or 54% of the households in Norfolk, VA are renter-occupied while 43,159 or 46% are owner-occupied.
Most affordable neighborhoods in Norfolk?
Greenwood - Elmhurst $977/month
Fairmount Park $1,010/month
Naval Station Norfolk $1,160/month
All of these neighborhoods fall below the city wide average of $1,564/month.Most expensive neighborhoods in Norfolk?
East Ocean View $1,855/month
Pinewell $1,905/month
Freemason $1,912/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Norfolk, VA By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Freemason | $1,912 |
| Pinewell | $1,905 |
| East Ocean View | $1,855 |
| Ghent | $1,849 |
| Downtown Norfolk | $1,845 |
| Colonial Place - Riverview | $1,845 |
| Park Place | $1,760 |
| Larchmont - Edgewater | $1,729 |
| Ghent Square | $1,677 |
| Shadywood East | $1,655 |
| Crown Point | $1,620 |
| Camellia Shores | $1,542 |
| Poplar Halls | $1,447 |
| Wards Corner | $1,420 |
| Titustown | $1,408 |
| Bayview | $1,358 |
| North Meadowbrook | $1,354 |
| Brentwood Forest | $1,245 |
| Naval Station Norfolk | $1,160 |
| Fairmount Park | $1,010 |
| Greenwood - Elmhurst | $977 |
Norfolk | Rent Comparison by Neighborhood
Rent in Bayview is 9% higher than in Brentwood Forest
Bayview rent is 13% lower than Norfolk average
Brentwood Forest rent is 20% lower than Norfolk average
How Norfolk Compares to Other Cities
| City | Average Rent |
|---|---|
| Norfolk | $1,564 |
| Richmond | $1,590 |
| Arlington | $2,643 |
| Alexandria | $2,140 |
| Newport News | $1,424 |
| Virginia Beach | $1,743 |
| Henrico | $1,589 |
| Woodbridge | $2,086 |
| Charlottesville | $2,101 |
| Roanoke | $1,373 |
| Falls Church | $2,296 |
| Carrollton, VA | $1,760 |
| Poquoson, VA | $1,815 |
| Hampton | $1,511 |
| Chesapeake | $1,768 |
| Portsmouth | $1,371 |
| Suffolk | $1,809 |
| Elizabeth City, NC | $1,583 |
| Yorktown, VA | $1,832 |
| Smithfield, VA | $1,653 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Norfolk apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.