Cheap Apartments for Rent in 23503
156 rentals
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PET FRIENDLY$1,182 - $1,290/mo
1-2 Beds
1 BathBayview Terrace Apartments | 8500 Tidewater Dr #42B,
Norfolk, VA 23503
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Average Rent Trends in 23503
Rent in 23503 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent stayed about the same in May 2026 compared to the previous month. Rent previously peaked in Nov 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $1,475 |
| Jul 2025 | $1,510 |
| Aug 2025 | $1,550 |
| Sep 2025 | $1,625 |
| Oct 2025 | $1,650 |
| Nov 2025 | $1,695 |
| Dec 2025 | $1,650 |
| Jan 2026 | $1,650 |
| Feb 2026 | $1,650 |
| Mar 2026 | $1,635 |
| Apr 2026 | $1,612 |
| May 2026 | $1,600 |
Average Rent By Bedroom and Home Type
In May 2026, Townhomes were the most affordable home type to rent compared with Apartments and Condos and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,299 | $1,590 | $2,300 | $2,595 | $1,635 |
| Townhomes | — | $1,295 | $1,800 | $733 | $1,295 |
| Apartments and Condos | $1,300 | $1,650 | $1,775 | $3,906 | $1,600 |
| Houses | $695 | $2,195 | $2,495 | $2,595 | $2,400 |
Frequently Asked Questions about Rentals in 23503
- What is the average rent of an apartment in 23503?The average rent of an apartment in 23503 is $1,400 per month. This is about 27% lower than the national average.
- What is the average rent of a house in 23503?The average rent of a house in 23503 is $2,400 per month. This is about 24% higher than the national average.
- What is the average rent of a townhome in 23503?The average rent of a townhome in 23503 is $850 per month. This is about 56% lower than the national average.
- When is the average rent cheapest in 23503?In the last year, the average rent in 23503 was lowest in May 2025 when it was $1,415 per month.
- When is the average rent most expensive in 23503?In the last year, the average rent in 23503 was highest in Nov 2025 when it was $1,695 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 23503?The average rent of a 1 bedroom apartment in 23503 is $1,300 per month. That is about $300 more than the cost of a studio apartment.
- How many available rental listings are in 23503?There are 158 available rental listings in 23503.
- What are some cities near 23503?Some nearby cities include: Norfolk, Hampton, Portsmouth, Poquoson, Carrollton, Newport News. These cities may have more rental options to explore.