Cheap Apartments for Rent in 23504
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$932 - $1,124/mo
1-2 Beds
1 BathMission College Apartments | 1300 Lead St #5fbde30d4,
Norfolk, VA 23504
PET FRIENDLY
PET FRIENDLY
INCOME RESTRICTED
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Average Rent Trends in 23504
Rent in 23504 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent decreased in May 2026 compared to the previous month. Rent previously peaked in Aug 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $1,500 |
| Jul 2025 | $1,400 |
| Aug 2025 | $1,600 |
| Sep 2025 | $1,560 |
| Oct 2025 | $1,495 |
| Nov 2025 | $1,500 |
| Dec 2025 | $1,450 |
| Jan 2026 | $1,560 |
| Feb 2026 | $1,550 |
| Mar 2026 | $1,550 |
| Apr 2026 | $1,555 |
| May 2026 | $1,500 |
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 | $1,050 | $1,350 | $1,950 | $2,300 | $1,500 |
| Townhomes | $800 | $1,350 | $900 | — | $900 |
| Apartments and Condos | $1,000 | $1,450 | $1,600 | $2,289 | $1,275 |
| Houses | — | $1,600 | $2,200 | $2,800 | $2,200 |
Frequently Asked Questions about Rentals in 23504
- What is the average rent of an apartment in 23504?The average rent of an apartment in 23504 is $1,288 per month. This is about 33% lower than the national average.
- What is the average rent of a house in 23504?The average rent of a house in 23504 is $2,200 per month. This is about 14% higher than the national average.
- What is the average rent of a townhome in 23504?The average rent of a townhome in 23504 is $900 per month. This is about 53% lower than the national average.
- When is the average rent cheapest in 23504?In the last year, the average rent in 23504 was lowest in Jan 2025 when it was $1,300 per month.
- When is the average rent most expensive in 23504?In the last year, the average rent in 23504 was highest in Aug 2025 when it was $1,600 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 23504?The average rent of a 1 bedroom apartment in 23504 is $1,050 per month. That is about $150 less than the cost of a studio apartment.
- How many available rental listings are in 23504?There are 74 available rental listings in 23504.
- What are some cities near 23504?Some nearby cities include: Norfolk, Portsmouth, Chesapeake, Hampton, Virginia Beach, Carrollton. These cities may have more rental options to explore.