200 College Place Norfolk, VA 23510
7221 Newport Avenue Norfolk, VA 23505
The rental market in Norfolk, VA is an attractive option for individuals and families looking for a place to call home. Norfolk is a mid-sized city located on the Atlantic Coast of Virginia, and is home to Naval Station Norfolk, the world's largest naval base. The city is known for its historical sites, diverse culture, and vibrant nightlife.
Norfolk is home to a variety of excellent school districts, including Norfolk Public Schools and Chesapeake Public Schools, which are consistently ranked among the best in the state. Norfolk also boasts a variety of universities and colleges, such as Old Dominion University, Norfolk State University, and Tidewater Community College.
The city is divided into several distinct neighborhoods, each with its own unique character and attractions. Ghent is a popular neighborhood for young professionals, as it is within walking distance of many restaurants, bars, and shops. Other neighborhoods, such as the Larchmont and Ocean View, are popular with families because of their proximity to the beach and their quiet atmosphere.
The average price for rental properties in Norfolk is around $1,200 per month for a two-bedroom apartment. Prices can vary depending on the size and location of the property, as well as the amenities offered.
Norfolk
The average rental prices for an apartment, townhouse, condo, loft, and single family home in Norfolk, VA are as follows:
Apartment: $1,200
Townhouse: $1,500
Condo: $1,400
Loft: $1,500
Single Family Home: $1,700
Rental prices in Norfolk, VA have seen a sharp increase over the last 5 years. According to RentCafe, the average one bedroom apartment has increased from $1,074 in 2015 to $1,367 in 2020, a 27% increase. The average two bedroom apartment has increased from $1,228 in 2015 to $1,552 in 2020, a 26.3% increase. The average three bedroom apartment has increased from $1,472 in 2015 to $1,829 in 2020, a 23.9% increase.
According to Rent Cafe, the median rental prices for 1-bedroom, 2-bedroom, and 3-bedroom apartments in Norfolk, VA are as follows:
1-Bedroom: $865
2-Bedroom: $1,067
3-Bedroom: $1,296
School districts in Norfolk, VA generally have higher graduation rates and lower dropout rates than the national average. Additionally, Norfolk public schools rank higher than the national average in terms of student proficiency in math and reading. However, Norfolk schools have higher poverty rates, and the student-teacher ratio is slightly higher than the national average.
1. Ghent
2. Downtown Norfolk
3. West Ghent
4. Ocean View
5. Park Place
1. Willoughby Spit
2. Larchmont-Edgewater
3. Ghent
4. Ocean View
5. Broad Creek