Fusion at Neon
225 W Olney Rd,
Norfolk, VA 23510
$1,624 - $3,821 Total Monthly Price
Studio - 3 Beds
Living in Norfolk combines coastal charm with maritime heritage. This historic port city offers housing options from row houses in the Freemason district to waterfront apartments in Ocean View, with current average rents ranging from $1,283 for one-bedroom units to $1,800 for three-bedroom homes. Downtown Norfolk features the Chrysler Museum of Art, the Waterside district, and Town Point Park, which hosts community events throughout the year. Naval Station Norfolk, the world's largest naval base, serves as a cornerstone of the local economy.
The 155-acre Norfolk Botanical Garden provides year-round natural beauty, while Community Beach, Ocean View Beach, and Sarah Constant Beach offer access to the Chesapeake Bay. The Elizabeth River Trail winds through the city, connecting neighborhoods and offering waterfront views. Old Dominion University and Eastern Virginia Medical School anchor the education sector. The NEON (New Energy of Norfolk) district features public art installations and performance venues. Rent trends indicate stability with a 1.6% year-over-year change, comparing favorably with other coastal cities. Norfolk's central Hampton Roads location and cultural attractions preserve its appeal as a waterfront community.
Boats dot the Elizabeth River in Norfolk
An evening stroll on the dock
As of March 2026, the average apartment rent in Norfolk, VA is $1,379 for a studio, $1,373 for one bedroom, $1,499 for two bedrooms, and $1,870 for three bedrooms. Apartment rent in Norfolk has increased by 5.5% in the past year.
The cost of living in Norfolk, VA is 9.3% lower than the national average. Generally, housing in Norfolk is 21.3% less expensive than the national average, with rent falling between $1,373 - $1,870. You can expect to pay 0.2% less for groceries, 3.2% more for utilities, and 4.6% less for transportation.
Explore how walkable, bikeable, drivable, and transit-friendly Norfolk, VA is for everyday living.
Somewhat Walkable
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.
Good Transit
The area around this property has good transit with many nearby transportation options.
Bikeable
While there’s some bike infrastructure in this area, you’ll still need a car for many errands.
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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.
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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 February 2026.