Norfolk is a historic city on the water with wonderful, mild weather and an exciting public art and food scene. Let’s get you acquainted with its rental prices, the pros and cons of moving to Norfolk, and where to look for cheap apartments.
What is the cost of living in Norfolk, Virginia?
Things like rent, healthcare, transportation, groceries, utilities, and entertainment are all things that you should consider when calculating your cost of living. Based on a U.S. average of 100, Norfolk has a 91.8, meaning the cost of living in Norfolk is slightly below the national average. The areas of housing and transportation are where you will save the most money living in Norfolk, whereas healthcare and groceries are slightly above the national average.
The average monthly cost of living in Norfolk is about $3,293, according to The Earth Awaits. The median income in Norfolk is $52,325. Compared to Washington D.C., Norfolk is 35% percent cheaper overall, with rental costs in Washington D.C. being almost 200% more expensive. Norfolk is a great place for both young professionals and people with small families. The largest naval base in the world, Naval Station Norfolk, is located here, so it’s also a great place for those stationed in the navy or another branch of the military.
How expensive is an apartment in Norfolk, Virginia?
Here are the average rental rates for an apartment in Norfolk:
- Studio apartment: $1,350
- One-bedroom apartment: $949
- Two-bedroom apartment: $1,090
- Three-bedroom apartment: $1,450
- Four-bedroom apartment: $1,850
These are average prices for the entire city, so expect prices to differ depending on location. Also, the reason a studio apartment costs more than a one-bedroom apartment is that most studios are in Downtown Norfolk, where rent prices are a great deal higher than other neighborhoods.
How do I find cheap apartments in Norfolk?
Finding a cheap apartment requires research, negotiation, and a thorough assessment of what you require in a living space. Here are some steps to follow and things to consider in order to find a cheap apartment:
- Roommates: Having a roommate saves money as it means you will split all costs — rent, utilities, and even transportation. It also means you have a support system which can be important when moving to a new city, and you have someone with whom you can explore the city. Even if you have never had a roommate before, consider having a roommate, at least for the first year as you transition to living in a new city.
- Negotiate with the landlord: There are many ways you can negotiate with your landlord to lower the rent. One way is to ask for an extended lease. If you find an apartment you really love and are willing to stay for a year or longer, the landlord may lower your monthly payment. Also, you can see if they offer discounts for referrals or for helping with maintenance around the apartment.
- Think about the best place to live: When moving to a new city, you may have your heart set on living in the downtown area, close to all the excitement. It’s important to visit all neighborhoods in your city to see which ones really fit best. Think about where your job is located and what public transportation is like before moving to any area.
- Consider your lifestyle: If you are used to living in a large apartment on your own, or you are used to all-day public transportation, it’s important to understand that not all cities can support this lifestyle. Norfolk is a more residential city with some public transportation, but where most people own a car. Remember that you may need to change certain parts of your lifestyle when moving to a new area.
What is the cheapest rent in Norfolk?
Norfolk is the second-largest community in Virginia with 81 neighborhoods. The most expensive neighborhoods are Downtown Norfolk, Freemason, and Young’s Terrace, where the average rent for a one-bedroom apartment is $1,525. Instead, let’s focus on the most affordable areas in Norfolk and what to expect:
- Algonquin/Belvedere: Algonquin is a picturesque neighborhood right on the Lafayette River. The average cost for a two-bedroom apartment is $967. It’s more of a residential area, so instead of apartment complexes, most people will rent out condos or half of a home. Most of the homes were built in the 1930s but many have had recent renovations. The area is within walking distance of the beach and many museums. It’s a neighborhood with a mixture of young professionals, families, and retirees.
- Bolling Brook: Right near Talbot Park, this area has basic amenities such as restaurants, grocery stores, and gyms. But its chief attraction is its proximity to excellent schools. This is a great little neighborhood for small families. The average cost for a two-bedroom apartment is $997.
- Cottage Road Park: This small neighborhood is right near the Hampton Roads Beltway, making it an excellent area for those needing to drive to the Norfolk Naval Station for work. The average cost for a two-bedroom apartment is $954. There are many apartment complexes available and many service stores and restaurants on Tidewater Drive.
- Glennwood Park: Near the Elizabeth River and the piers, the average cost for a two-bedroom apartment is $966 in this neighborhood. It’s a great area for families, as there are many excellent public school options. Most people in this neighborhood are renters.
What are some fun things to do in Norfolk?
Norfolk is a beautiful city on the water, full of art, culture, and nature. One thing you have to check out is the Elizabeth River Trail, a 10-mile boardwalk and trail that runs from Harbor Park Stadium to the Norfolk International Terminal. Or, you could check out the many museums from Chrysler Museum of Art to the Hampton Roads Naval Museum. If you’re more into outside activities, you can hang out at Ocean View or East Beach, both filled with sand, seafood, and fun.
Norfolk may be the second-largest city in Virginia, but with affordable housing and quaint residential neighborhoods, it has a real small-town feel. So if you’re looking for affordable rent prices near the water, head down to the Chesapeake Bay and see if this city is right for you.
Related content
