See all rent data for Norfolk, VA →
Typical Rent in 23502 — Norfolk, VA
The typical 1-bedroom rent in 23502 (Norfolk, VA) is $1,635/month as of 2026, based on 5 data sources. Rents have risen 8.2% year over year, so an increase above 8.2% exceeds the local market trend. Studio: $1,380. 2-bedroom: $1,580.
Rents in Norfolk have changed approximately +0.7% – +14.0% over the past year based on local market data. A rent increase above 14.0% is above the local market trend.
Estimated Rent · 1-Bedroom
$1,635/mo
Source: HUD Estimated Rent
Data through
Based on 5 independent data sources including local market trends and nearby listings.
The HUD Fair Market Rent for a 1-bedroom in 23502 (Norfolk, VA) is $1,390 for FY2026.
Rents in 23502 have increased 8.2% year-over-year based on local market data.
The confidence level for this estimate is high based on 5 data sources.
Based on local market data, a fair rent increase in Norfolk (23502) is approximately 8.2% for 2026. The typical 1-bedroom rent is $1,635/month. Any increase significantly above 8.2% exceeds the local market trend and may be worth negotiating.
Sources: local market data, HUD SAFMR FY2026, Rentcast. Updated February 2026.
What Should Rent Cost in 23502 (Norfolk)?
Typical rent ranges based on HUD benchmarks and market data. In areas with limited listing data, ranges reflect federal benchmarks and may be wider than actual market conditions.
A studio in 23502 (Norfolk) typically rents for $1,380 – $1,613.
Rents above $1,855 are in the top 25% for this area.
A 1-bedroom in 23502 (Norfolk) typically rents for $1,390 – $1,635.
Rents above $1,880 are in the top 25% for this area.
A 2-bedroom in 23502 (Norfolk) typically rents for $1,580 – $1,852.
Rents above $2,130 are in the top 25% for this area.
A 3-bedroom in 23502 (Norfolk) typically rents for $2,190 – $2,569.
Rents above $2,954 are in the top 25% for this area.
A 4-bedroom in 23502 (Norfolk) typically rents for $2,580 – $3,024.
Rents above $3,478 are in the top 25% for this area.
Current Asking Rents in 23502
What are apartments actually renting for near 23502? Click below to see live asking rents from current listings.
Live market data · Updated daily
Rent Increase Laws in Virginia →
▶Full market data
Rent Trends in Norfolk, VA
+8.2%
Rents in 23502 (Norfolk) are rising at +8.2% year-over-year.
− Estimated trend
Market sources range from +0.7% to +14.0%
Why the range? Zillow ZORI tracks what landlords are asking for units (+14.0%), while Apartment List tracks what renters actually sign leases at (+6.1%).Landlords are asking more than renters are paying — this suggests renters may have negotiating leverage in 23502 (Norfolk) right now.
Sources: Apartment List, Zillow ZORI, HUD Fair Market Rent
Federal Rent Benchmarks for 23502
HUD Fair Market Rents are federal rent benchmarks used for housing programs, published annually by HUD.Note: These values represent the HUD metro-area benchmark for the Virginia Beach-Norfolk-Newport News, VA-NC HUD Metro FMR Area area, not zip-specific rates.
| Bedroom Size | Fair Market Rent | Estimated Rent |
|---|---|---|
| Studio | $1,380 | $1,613 |
| 1-Bedroom | $1,390 | $1,635 |
| 2-Bedroom | $1,580 | $1,852 |
| 3-Bedroom | $2,190 | $2,569 |
| 4-Bedroom | $2,580 | $3,024 |
Source: HUD SAFMR FY2026 · Updated
Questions about rent in 23502
What is the average 1-bedroom rent in 23502?
The typical 1-bedroom rent in 23502 (Norfolk, VA) is $1,635/month as of 2026. This page also shows nearby bedroom benchmarks, including studio rent at $1,380 and 2-bedroom rent at $1,580.
What is a fair rent increase in 23502?
A rent increase up to about 8.2% is in line with the recent local market trend in 23502. An increase above that level is above trend and may justify a closer review against local pricing and comparable apartments.
Are rents going up or down in 23502?
Rents in 23502 have risen 8.2% year over year based on the local trend data used on this page.
How much do studios and 2-bedrooms cost in 23502?
On this page, studio rent in 23502 is $1,380/month and 2-bedroom rent is $1,580/month. These figures help show whether your current or proposed rent fits the broader local bedroom mix.
Renting in Norfolk, VA? Your rent could be building your credit.
Report your monthly rent payments to all 3 credit bureaus — the same ones your next landlord will check. Takes 2 minutes to set up.
RenewalReply may earn a commission at no cost to you. Learn more
Renters insurance from $5/mo
Protect your belongings from theft, fire, and water damage. Takes 2 minutes and most landlords require it.
RenewalReply may earn a commission at no cost to you. Learn more
Renter Tools
Similar Rents in Other Areas
These zip codes have similar 1-bedroom rents to 23502 ($1,390/mo) — useful for comparing what your rent gets you in other markets.
Other Zip Codes in Norfolk, VA
Nearby Areas
Market data updated monthly from public and third-party sources. Actual rents vary by unit, building, and lease terms. For informational purposes only — not legal or financial advice. See methodology →