
Cheap Apartments for Rent in the Young Terrace Neighborhood of Norfolk, VA from $400 (92 Rentals)
Search the lowest-cost Apartments available for rent right now in the Young Terrace area of Norfolk.


2812 Church St

2812 Church St

2606 Middle Ave

1225 W 39th St

307 W 32nd St

2812 Church St

316 W 31st St

801 Greenway Ct

1401 W 40th St
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

1401 W 40th St

Origin Circle at Kindred

Villa Terrace

1401 W 40th St

Total Monthly Price
2834 Tidewater Dr, Unit 1

Unity Place at Kindred

120 Hough Ave

2735 Corprew Ave

The Rockefeller

1401 W 40th St
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

2812 Church St

1611 Hampton Blvd

Hague Towers

121 W 32nd St Apartments

The Law Building

Pembroke Towers

Wainwright

2401 Ruffin St

Total Monthly Price
The James

(Transitioned)Botetourt
The Best Affordable Neighborhoods for Renters in Norfolk, VA: Great Price Meets Quality of Life
Discover Norfolk, VA's best affordable rental neighborhoods like Ghent & Downtown. Enjoy a low cost of living, top schools, vibrant arts, and waterfront views while renting.

2846 Grandy Ave

Village Pointe Apartments

Colonial Hall Apartments

Berkley Apartments

Ballentine Lofts

Market Heights Apartments

886 A Ave

3127 Argonne Ave

The Broadmoor

Delaware Plaza Apartments
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

The Lofts at 119

Mission College Apartments

3917 Bowdens Ferry Road

a2905L

1015 Campostella Rd

3210 Llewellyn Ave

Wayne & Stanfield Apartments

618-620 W Olney Rd

1023 W 38th St

812 W 27th St
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
Young Terrace, Norfolk, VA Local Guide

How much does it cost to rent an apartment in Young Terrace?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Young Terrace Studio Apartments | $1,576 | $925 | $1,914 |
| Young Terrace 1 Bedroom Apartments | $1,683 | $704 | $2,352 |
| Young Terrace 2 Bedroom Apartments | $1,994 | $899 | $3,050 |
| Young Terrace 3 Bedroom Apartments | $2,488 | $759 | $4,989 |
| Young Terrace 4 Bedroom Apartments | $1,309 | $709 | $2,495 |
Browse Apartments in this Neighborhood
There are currently 92 rentals with your search options within a 2 mile radius of the Young Terrace Neighborhood of Norfolk, VA.
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Young Terrace, Norfolk, VA Local Guide
- Nearby Norfolk neighborhoods
- Nearby Cities
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Cheapest Available Young Terrace Apartments for Rent
 The cheapest available apartment rental in the Young Terrace area of Norfolk, VA is a 2 Beds unit found at Holley Pointe priced from $507. Proximity at ODU has the second lowest priced unit, which is a 4 Beds apartment currently listed from $709. Here are the most affordable Young Terrace apartments for rent in Norfolk, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Holley Pointe | Two Bedroom | 2BR,1BA | $507 |
| Proximity at ODU | Room In 4 Bed - 4 Bath - August Resident Renewa... | 4BR,4BA | $709 |
| Bains Pointe | 2 Bedroom | 2BR,1BA | $1,010 |
| Victory Square 55+ Senior Community | The Commodore | 1BR,1BA | $1,115 |
| The Lafayette Apartments | The Ghent | Studio,1BA | $1,115 |
| Unity Place at Kindred | A3 | 1BR,1BA | $1,116 |
| Beacon 303 | Renovated and Spacious 1BR In Downtown Portsmouth | 1BR,1BA | $1,150 |
| 121 W 32nd St Apartments | 2-BR | 2BR,1BA | $1,250 |
Best Value Apartments for Rent in Young Terrace, VA
As of April 03, 2026 the best value apartment in the Young Terrace area is the $1.49 price per square foot Three Bedroom Model at Holley Pointe in the in the South Brambleton neighborhood starting from $1,797. The second greatest value Young Terrace apartment is the 3 Bedroom Model at Bains Pointe starting at $1,545 with a $1.40 price per square foot in the Beacon Light neighborhood. Here is today’s list of the best values for Young Terrace apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Holley Pointe | Three Bedroom | 3BR,2BA | $1.49 |
| Bains Pointe | 3 Bedroom | 3BR,2BA | $1.40 |
| 426 London St | 426 London St | 2BR,1BA | $1.14 |
| Montgomery Square Apartments | 2.2B | 2BR,2BA | $1.56 |
| 2834 Tidewater Dr, Unit 1 | 2834 Tidewater Dr | 2BR,1BA | $1.10 |
| Crossroads Townhomes | Two Bedroom Flat - Renovated | 2BR,2BA | $1.71 |
| 1100 Wilson Rd | 3BR | 3BR,1.5BA | $1.66 |
| 121 W 32nd St Apartments | 2-BR | 2BR,1BA | $1.67 |
| Unity Place at Kindred | A2 | 1BR,1BA | $1.59 |
| Victory Square 55+ Senior Community | The Commodore | 1BR,1BA | $1.65 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Pet Friendly LifestyleYoung Terrace, Norfolk, VA
Ranked #5
Among cities in Virginia for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Lifestyle Ratings
ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of neighborhoods, cities, and rental properties across Virginia including Young Terrace, Norfolk, and the greater Norfolk area. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including rankings of the best places for proximity to parks, luxury amenities, pet-friendly features, family-friendly amenities, proximity to transit, walking, and biking. These search options are in the site filters at the top of this page.
Frequently Asked Questions about Cheap Young Terrace Apartments
What is a cheap apartment in Young Terrace?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Young Terrace is under $1,250.
What is the price of a cheap apartment in Young Terrace?
The cheapest apartment in Young Terrace is Victory Square 55+ Senior Community which is listed at $1,115, while the average apartment in Young Terrace costs $2,150.
What types of apartments are the cheapest in Young Terrace?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 23 regular apartments in Young Terrace that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Young Terrace?
Cheap apartments in Young Terrace have an average cost of $248 which is $1,902 cheaper than the average rent for all rentals in Young Terrace.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips

The Best Affordable Neighborhoods for Renters in Norfolk, VA: Great Price Meets Quality of Life
Written by: James W. Vickers
Norfolk, Virginia, experienced a surprising population decline to 238,005 residents in the 2020 census, considering its low cost of living and high quality of life index. Renting an apartment falls well below the national average.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.