City Report · VA

Norfolk

Pop. 233,596·59th most expensive in Virginia·Norfolk rents are up 6.3% over the past year
Median rent (all units)
$1,736/mo
Year-over-Year
+6.3%
Month-over-Month
-0.9%
vs US Median
-$226
Falling (Monthly)
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Most AffordableMost Expensive
Norfolk · $1,736
More affordable than 58% of US cities · National median $1,962/mo
Rent Reality Score
49/100
Fairly priced
OverheatedFairGreat value

Rents are right about where Norfolk's 10-year trend predicts.

Actual rent
$1,736/mo
Expected by trend
$1,731/mo
The Rent Reality Score compares today's median rent to where Norfolk's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,417
1 BR
$1,425
2 BR
$1,631
3 BR
$2,270
4 BR+
$2,701
Fair Market Rent (HUD)
$1,631/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,736 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.

Source: HUD Small Area Fair Market Rents. Read the methodology →

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$20,832/yr
At $1,736/mo median
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (6.3% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+6.3% YoY, -0.9% MoM), not inventory.
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Demographics

Who lives here

Norfolk, VA is roughly split between renters and owners, skews toward younger working-age adults, 33.5% of residents hold a bachelor's degree or higher.

Population
233,596
Median income
$66,109
Median age
32.7
Renters
53.7%
Age distribution
20.3%
33.5%
22.2%
13%
Under 1820.3%
18–3433.5%
35–5422.2%
55–6410.8%
65+13%
Gender
50.7%
49.3%
Male50.7%
Female49.3%
Race & ethnicity
43.2%
39.6%
White43.2%
Black39.6%
Hispanic10.1%
Asian3.7%
Other3.4%
Education (25+)
24.7%
32.1%
33.5%
No HS diploma9.8%
HS diploma24.7%
Some college32.1%
Bachelor's+33.5%
Housing tenure
46.3%
53.7%
Owner46.3%
Renter53.7%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Norfolk, VA has changed in 5 years

Rent
$1,250 → $1,736
up 38.9%
Income
$56,244 → $66,109
up 17.5%
Population
238,556 → 233,596
down 2.1%
Renter share
56.5% → 53.7%
-2.8 pts
Bachelor's+
31.8% → 33.5%
+1.7 pts
Median age
30.9 → 32.7
+1.8 yrs

Compared with 2021, rent in Norfolk, VA has increased by $486 per month, settling near $1,736 after starting the period at $1,250. Census figures show median household income at $66,109 today, compared with $56,244 five years earlier. Rent outpaced income growth by roughly 21.4 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 238,556 to 233,596 between 2021 and 2024, a 2.1% change. About 53.7% of households rent today, against 56.5% in 2021. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

Community

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View Norfolk rent history (2015–2026) →
Salary vs rent

Can you afford rent in Norfolk on your salary?

At $1,736/mo, how Norfolk rent compares to typical pay (30% rule).

By apartment size

Norfolk rent by bedroom count

Median rent for each apartment size in Norfolk. Click any size for full breakdown.

Local insights

Tips for renters in Norfolk

About renting in Norfolk, VA

Last updated: August 17, 2026

The median rent in Norfolk is $1,736/mo as of August 2026. A studio apartment averages $1,417/mo while a 2-bedroom runs $1,631/mo. One-bedroom apartments average $1,425/mo and 3-bedroom units go for $2,270/mo.

At 32% of local median household income ($66,109/yr), Norfolk ranks as moderate compared to the national benchmark of 30%. Rents have increased 6.3% over the past year.

FAQ

Frequently asked questions

Is Norfolk an affordable city for renters?

Norfolk is considered moderate for renters. At $1,736/mo, rent takes approximately 32% of the local median household income ($66,109/yr). The standard benchmark is 30%. Norfolk slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Norfolk?

To keep rent at or below 30% of gross income, you would need to earn at least $69,000/year (~$33/hour full-time) to afford the median rent of $1,736/mo in Norfolk. The local median household income is $66,109/yr, meaning the typical Norfolk household falls short of that threshold.

Is rent going up or down in Norfolk?

Rent in Norfolk has increased 6.3% over the past year as of August 2026, putting upward pressure on renter budgets.

Which Norfolk neighborhoods have the lowest rent?

The most affordable ZIP codes in Norfolk are 23513 ($1,511/mo), 23503 ($1,568/mo), and 23505 ($1,582/mo). Citywide, the median rent in Norfolk is $1,736/mo.

How does Norfolk rent compare to other cities in Virginia?

Norfolk is one of the more affordable cities in Virginia for rent, ranking #59 out of 83 tracked cities at $1,736/mo.

Which nearby cities are cheaper to rent in than Norfolk?

Several nearby cities have lower median rents than Norfolk ($1,736/mo): Portsmouth ($1,599/mo), Hampton ($1,682/mo).

What percentage of Norfolk residents rent vs. own?

According to Census data, approximately 53.7% of Norfolk households are renters, while 46.3% are owner-occupied. With a majority renter population, Norfolk has a strong rental market.

How does Norfolk rent compare to the national average?

Norfolk's median rent of $1,736/mo is $226 (12%) below the US national median of $1,962/mo. Within Virginia, it ranks #59 out of 83 tracked cities.
Income Affordability
32%
MODERATE

At $1,736/mo, rent takes ~32% of Norfolk's median household income ($66,109/yr). The standard benchmark is 30%.

Norfolk 32%Benchmark 30%
State income tax2–5.75%
Run the Norfolk affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Norfolk, VA

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