City Report · VA

Norfolk

Pop. 233,596·56th most expensive in Virginia·Norfolk rents are up 7.4% over the past year
Median rent (all units)
$1,749/mo
Year-over-Year
+7.4%
Month-over-Month
+0.6%
vs US Median
-$183
Reported rents
Rising (Monthly)
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Most AffordableMost Expensive
Norfolk · $1,749
More affordable than 57% of US cities · National median $1,932/mo
Rent Reality Score
46/100
Fairly priced
OverheatedFairGreat value

Rents are 2% above what Norfolk's 10-year trend predicts — running hotter than its own history.

Actual rent
$1,749/mo
Expected by trend
$1,711/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 $1,749 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: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in Norfolk is at its highest level since Zillow's records here began in January 2015.

Past year vs. the rest of Virginia

Rent in Norfolk changed +7.4% over the year to September 2026. Across the 66 Virginia cities Zillow tracks, the typical change was +2.5%.

Rent vs. income since 2019

From 2019 to 2024, rent in Norfolk rose 41.6% while median household income rose 28.1% ($51,590 to $66,109). Rent outpaced income.

Since before the pandemic

Rent in Norfolk is 55.7% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 32 months in a row, and rose in 12 of the last 12 months.

What a typical income covers

30% of the median household income ($66,109) is $1,653 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,631); a 3-bedroom is $2,270.

Spread across ZIP codes

The priciest of 11 ZIP codes in Norfolk, 23509 ($1,947/mo), costs 34% more than the cheapest, 23504 ($1,457/mo).

From Zillow's monthly rent index (ZORI) for Norfolk. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost
$20,988/yr
At $1,749/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 7.4% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+7.4% YoY, +0.6% 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
$1,222 → $1,749
up 43.1%
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 $527 per month, settling near $1,749 after starting the period at $1,222. Census figures show median household income at $66,109 today, compared with $56,244 five years earlier. Rent outpaced income growth by roughly 25.6 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 $1,749/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: October 17, 2026

The median rent in Norfolk is $1,749/mo as of October 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 7.4% over the past year.

FAQ

Frequently asked questions

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 $70,000/year (about $34/hour full-time) to afford the median rent of $1,749/mo in Norfolk. The local median household income is $66,109/yr, so the typical household falls short of that bar.

Is rent going up or down in Norfolk?

Rent in Norfolk has risen 7.4% over the past year as of September 2026. That is the highest level since Zillow's records here began in January 2015.

Has rent outpaced income in Norfolk?

Yes. From 2019 to 2024, rent in Norfolk rose 41.6% while median household income rose 28.1%, from $51,590 to $66,109. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

Which Norfolk neighborhoods have the lowest rent?

The most affordable ZIP codes in Norfolk are 23504 ($1,457/mo), 23505 ($1,574/mo), and 23507 ($1,582/mo). Citywide, the median rent is $1,749/mo.

How does Norfolk rent compare to other cities in Virginia?

Norfolk is one of the more affordable among Virginia cities for rent, ranking #56 of 80 tracked cities at $1,749/mo. Over the year to September 2026, rent in Norfolk changed +7.4%, against a typical +2.5% across the 66 Virginia cities Zillow tracks.

Which nearby cities are cheaper to rent in than Norfolk?

Nearby cities with lower median rent than Norfolk ($1,749/mo) include Portsmouth ($1,642/mo), and Hampton ($1,690/mo).
Income Affordability
32%
MODERATE

At $1,749/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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