University Apartments
5801 Lowery Rd,
Norfolk, VA 23502
$1,090 - $1,883
1-3 Beds
Just seven miles west of Downtown Norfolk and a short 20-minute drive from the sandy shores of Virginia Beach, Lake Taylor offers a convenient location, excellent schools, affordable apartments for rent, and plenty of nearby amenities. The small Norfolk neighborhood adjoins Lake Taylor Transitional Care Hospital and the massive JANAF Shopping Yard, featuring nearly one million square feet of shopping space. With a moderate cost of living and easy access to local military bases and the Norfolk Airport, Lake Taylor attracts a variety of people, including many families due to the area’s close-knit community.
As of December 2025, the average apartment rent in Lake Taylor is $1,366 for one bedroom, $1,644 for two bedrooms, and $2,155 for three bedrooms. Apartment rent in Lake Taylor has increased by 2.7% in the past year.
1 BR
827 sq ft
Average Sq Ft
$1,366/month
Average Rent
2 BR
1,062 sq ft
Average Sq Ft
$1,644/month
Average Rent
3 BR
1,459 sq ft
Average Sq Ft
$2,155/month
Average Rent
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.
Some Transit
out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
Bikeable
out of 100 BikeScore® Rating
While there’s some bike infrastructure in this area, you’ll still need a car for many errands.
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† 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 November 2025.