Hi Tycita,

Look in the weekend edition of the Daily Press real estate section, as they've been running a full page block ad for many rentals starting in the $400 - $550 per month price range.

But if you have considered buying a place, and if you have a decent credit score and no recent late pays, then perhaps buying a townhome may be a better and less costly choice for you.

In our area, over the past 6 months, all of my homebuyer-clients have been able to purchase a townhome with as little as $500 earnest money deposit (down payment), and they only brought as little as “zero” to $750 to the closing table. Many of these “zero down” loan programs are credit score dependant but I specialize in just townhomes or condos, so if you have any additional questions, please feel free to email, call or, text me any time – my BlackBerry is always on!

Frank Biganski, ABR
(757) 303-0517
frank@mrtownhome.net

Hello Tycita,

There are also lots of affordable homes/condo's/townhomes that are for rent. Let me know if you'd like me to email you some available properties in Newport News and Hampton. You can email me at ColleenStarr@LizMoore.com

Colleen Starr

The term "affordable" is used differently by different people, depending on their need. One interpretation is housing communities that are financed with "tax credits" which have government imposed maximum rents, but to qualify you also must meet the government imposed income restrictions that correspond to the "level" of affordability based on the programs definitions. Below is a link to the list available from VHDA of these communities. Hope it's helpful!

http://www.apartment.com
or http://www.craigslist.org