Fusion at Neon
225 W Olney Rd,
Norfolk, VA 23510
$1,673 - $3,821 Total Monthly Price
Studio - 3 Beds
Rental Market Trends in Norfolk, VA
What is the average rent in Norfolk, VA?
$1,371/month
Average Rent
672 Sq Ft
Average Apartment Size
+3.9%
Increase in the Last Year
As of April 2026, the average rent in Norfolk, VA is $1,371 per month. This is 16% lower than the national average rent of $1,641/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 $1,392 per month for a studio, $1,371 for a one-bedroom apartment, and around $1,510 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,893 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 3.9%, which averages out to $54 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 April 2026
Legend
2025
2026
Rent Ranges in Norfolk, VA
Last Updated April 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
3%
Below $700/month
28%
$700 - $1,000/month
38%
$1,001 - $1,500/month
23%
$1,501 - $2,000/month
8%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Norfolk?
Based on current rent prices, Suburban Acres, Naval Station Norfolk and Tidewater Gardens 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, Park Crescent, Greenhill Farms and Lakewood/Willowwood 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, Naval Station Norfolk and Wards Corner .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Norfolk, VA?
Because the average rent in Norfolk is $1,371, you’ll want to make about $4,570 per month or $54,840 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 9.3% lower than the national average. Generally, housing in Norfolk is 21.3% less expensive than the national average, with rent falling between $1,371 - $1,893. You can expect to pay 0.2% less for groceries, 3.2% more for utilities, and 4.6% 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
-
-
One Bedroom
$1,800/month
$1,722/month
Two Bedroom
$1,646/month
$2,294/month
Three Bedroom
$2,093/month
$2,594/month
Nearby City Rent Trends
Apartment communities in Norfolk we think you'll love
Property Management Companies in Norfolk, VA
S.L. Nusbaum
-
74
Communities
-
14,450
Units
-
32
Cities
19 Communities in Norfolk
Franklin Group
-
141
Communities
-
26,495
Units
-
63
Cities
7 Communities in Norfolk
Drucker & Falk
-
163
Communities
-
38,592
Units
-
57
Cities
6 Communities in Norfolk
Vest Residential
-
62
Communities
-
14,292
Units
-
34
Cities
6 Communities in Norfolk
The Breeden Company
-
36
Communities
-
8,347
Units
-
12
Cities
6 Communities in Norfolk
The Lawson Companies
-
16
Communities
-
3,504
Units
-
8
Cities
5 Communities in Norfolk
Greystar
-
3,486
Communities
-
959,251
Units
-
891
Cities
4 Communities in Norfolk
Frye Properties
-
10
Communities
-
2,233
Units
-
5
Cities
4 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
† 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.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.