Most Affordable Neighborhoods in Norfolk, VA

Some of the cheapest neighborhoods in Norfolk are Suburban Acres, Wards Corner, and Bay View. These neighborhoods offer some of the lowest rent prices in Norfolk, making them ideal for renters on a budget. As of May 3, 2025, the average rent in Norfolk is $1,297, which is 2.4% higher than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.

Suburban Acres

Average Rent

$1,013/Month

Year-Over-Year Rent Change

11.1%

TransitScore® Rating

45/100

Units Available

28 Rentals

Suburban Acres is an affordable neighborhood in Norfolk with an average rent price of $1,013. Compare this to the city average of $1,297. In the past year, rent prices have increased by 11.1%. Suburban Acres provides easy access to Norfolk State University, Monticello, and Norfolk International. It’s a walkable neighborhood with a WalkScore® of 72.

Wards Corner

Average Rent

$1,077/Month

Year-Over-Year Rent Change

1.9%

TransitScore® Rating

46/100

Units Available

41 Rentals

Wards Corner is a bustling commercial and residential neighborhood offering a mix of shopping, dining, and entertainment options. Renters will appreciate the variety of housing available, from single-family homes to apartments. The area is perfect for those seeking a suburban lifestyle with access to city conveniences.

Bay View

Average Rent

$1,078/Month

Year-Over-Year Rent Change

2.1%

TransitScore® Rating

39/100

Units Available

9 Rentals

Bay View is a coastal neighborhood offering beautiful views of the Chesapeake Bay and easy access to the beach. Renters will love the relaxed, seaside atmosphere and the proximity to parks and outdoor activities. The area is ideal for those seeking a beachside lifestyle with convenient access to the city.

Talbot Park

Average Rent

$1,079/Month

Year-Over-Year Rent Change

0.1%

TransitScore® Rating

41/100

Units Available

30 Rentals

Talbot Park is a quiet, well-established neighborhood featuring tree-lined streets and proximity to the Lafayette River. Renters will enjoy the peaceful atmosphere and the easy access to parks and recreational activities. The area provides a suburban retreat close to downtown Norfolk.

Willough Bay

Average Rent

$1,133/Month

Year-Over-Year Rent Change

0.5%

TransitScore® Rating

24/100

Units Available

10 Rentals

If you’re looking for a great, affordable neighborhood in Norfolk, Willough Bay might be the perfect place! It has an average rent price of $1,133, while the city’s average stands at $1,297. In the last year, prices have increased by 0.5%. Willough Bay is near Tidewater Arboretum, BeachTowne Shoppes & Offices, and Fort Monroe National Monument.

Naval Station Norfolk

Average Rent

$1,192/Month

Year-Over-Year Rent Change

2.6%

TransitScore® Rating

40/100

Units Available

45 Rentals

Naval Station Norfolk is a bustling area home to the largest naval base in the world, offering proximity to both work and recreational activities. Renters will appreciate the convenience of nearby military facilities, shopping, and dining.

Meadowbrook Forest/Hunt Club

Average Rent

$1,566/Month

Year-Over-Year Rent Change

0.5%

TransitScore® Rating

43/100

Units Available

20 Rentals

Meadowbrook Forest/Hunt Club is a picturesque neighborhood filled with charming homes. It borders Lake Whitehurst and is close to area beaches. Renters will appreciate the quiet, residential atmosphere and the proximity to shopping and dining options.

Ghent

Average Rent

$1,575/Month

Year-Over-Year Rent Change

4.3%

TransitScore® Rating

56/100

Units Available

44 Rentals

Ghent is a vibrant, artsy neighborhood known for its historic architecture, trendy boutiques, and lively dining scene. Renters will love the walkable streets and the proximity to cultural attractions like the Chrysler Museum of Art.

Lakewood/Willowwood

Average Rent

$1,593/Month

TransitScore® Rating

38/100

Units Available

12 Rentals

Lakewood/Willowwood is a top choice for budget-conscious renters for a variety of reasons. The average rent in Lakewood/Willowwood is $1,593 while the city average is $1,297. Residents enjoy convenient access to Fred Heutte Center, Virginia Zoo, and Eastern Virginia Medical Sch.. The neighborhood is considered somewhat walkable with a WalkScore® of 57.

Hunter's Square

Average Rent

$1,610/Month

Year-Over-Year Rent Change

2.5%

TransitScore® Rating

62/100

Units Available

39 Rentals

When you’re looking for a great Norfolk neighborhood on a budget, check out Hunter's Square. The average rent is $1,610, compared to the city average of $1,297. Rent prices have increased by 2.5%. Hunter's Square is convenient to Civic Plaza, Nauticus, and Twenty First Street Pavilion. The community is walkable with a WalkScore® of 86.

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Methodology

Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.

We've combined this data with public records to provide the most current rental information available.