Cheap Apartments for Rent in the Young Terrace Neighborhood of Norfolk, VA from $400 (92 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in the Young Terrace area of Norfolk.

property at 1220 W 38th St

$704

Total Monthly Price

Total Monthly Price

Base Rent
$704

Total Monthly Price
$704

1 Bedroom, 1 Bath Home for Rent

Available Now

1220 W 38th St

NorfolkVA23508
property at 2606 Middle Ave

$850 - $1,000

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$850 - $1,000

Total Monthly Price
$850 - $1,000

1 Bedroom, 1.5 Bath Home for Rent

Available Now

2606 Middle Ave

NorfolkVA23504
property at 1225 W 39th St

$885

Total Monthly Price

Total Monthly Price

Base Rent
$885

Total Monthly Price
$885

1 Bedroom, 1 Bath Home for Rent

Available Now

1225 W 39th St

NorfolkVA23508
property at 307 W 32nd St

$900

Total Monthly Price3 Month Lease Term

Total Monthly Price

Base Rent
$900

Total Monthly Price
$900

4 Bedroom, 4 Bath Home for Rent

Available Now

307 W 32nd St

NorfolkVA23508
property at 316 W 31st St

$900

Total Monthly Price6 Month Lease Term

Total Monthly Price

Base Rent
$900

Total Monthly Price
$900

4 Bedroom, 1 Bath Home for Rent

Available Now

316 W 31st St

NorfolkVA23508

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.

property at 120 Hough Ave

$1,129

Total Monthly Price

Total Monthly Price

Base Rent
$1,129

Total Monthly Price
$1,129

3 Bedroom, 1 Bath Home for Rent

Available Now

120 Hough Ave

NorfolkVA23523
property at 2735 Corprew Ave

$1,169

Total Monthly Price

Total Monthly Price

Base Rent
$1,169

Total Monthly Price
$1,169

1 Bedroom, 1 Bath Home for Rent

Available Now

2735 Corprew Ave

NorfolkVA23504

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.

close
View Me
The James
$1,392 - $3,685
Total Monthly Price

Total Monthly Price

Base Rent
$1,332 - $3,625
Required Monthly Fees
$60

Total Monthly Price
$1,392 - $3,685
Studio to 3 Bedroom Apartments Available Now

The James

345 Granby StNorfolk, VA 23510
Furnished
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

property at 2846 Grandy Ave

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400

Total Monthly Price
$1,400

2 Bedroom, 1 Bath Home for Rent

Available Apr 10

2846 Grandy Ave

NorfolkVA23509
close
View Me
Berkley Apartments
1 to 2 Bedroom Apartments

Berkley Apartments

712 Grayson StNorfolk, VA 23523
  • Utilities Included
close
View Me
Ballentine Lofts
Studio to 2 Bedroom Apartments

Ballentine Lofts

2415 Ballentine BlvdNorfolk, VA 23509
  • Utilities Included
close
View Me
886 A Ave
2 Bedroom Apartments

886 A Ave

886 A AveNorfolk, VA 23504
close
View Me
3127 Argonne Ave
1 Bedroom Apartments

3127 Argonne Ave

3127 Argonne AveNorfolk, VA 23509
close
View Me
The Broadmoor
Studio to 2 Bedroom Apartments

The Broadmoor

918 W Princess Anne RdNorfolk, VA 23507
  • Utilities Included

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.

close
View Me
The Lofts at 119
Studio to 1 Bedroom Apartments

The Lofts at 119

119 W Tazewell StNorfolk, VA 23510
  • Utilities Included
close
View Me
a2905L
2 Bedroom Apartments

a2905L

2905 Llewellyn AveNorfolk, VA 23504
close
View Me
618-620 W Olney Rd
1 to 2 Bedroom Apartments

618-620 W Olney Rd

618-620 W Olney RdNorfolk, VA 23507
close
View Me
1023 W 38th St
1 to 3 Bedroom Apartments

1023 W 38th St

1023 W 38th StNorfolk, VA 23508
close
View Me
812 W 27th St
1 to 2 Bedroom Apartments

812 W 27th St

812 W 27th StNorfolk, VA 23517

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

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 ListingModel NameBed/BathPriced From
Holley PointeTwo Bedroom2BR,1BA$507
Proximity at ODURoom In 4 Bed - 4 Bath - August Resident Renewa...4BR,4BA$709
Bains Pointe2 Bedroom2BR,1BA$1,010
Victory Square 55+ Senior CommunityThe Commodore1BR,1BA$1,115
The Lafayette ApartmentsThe GhentStudio,1BA$1,115
Unity Place at KindredA31BR,1BA$1,116
Beacon 303Renovated and Spacious 1BR In Downtown Portsmouth1BR,1BA$1,150
121 W 32nd St Apartments2-BR2BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Holley PointeThree Bedroom3BR,2BA$1.49
Bains Pointe3 Bedroom3BR,2BA$1.40
426 London St426 London St2BR,1BA$1.14
Montgomery Square Apartments2.2B2BR,2BA$1.56
2834 Tidewater Dr, Unit 12834 Tidewater Dr2BR,1BA$1.10
Crossroads TownhomesTwo Bedroom Flat - Renovated2BR,2BA$1.71
1100 Wilson Rd3BR3BR,1.5BA$1.66
121 W 32nd St Apartments2-BR2BR,1BA$1.67
Unity Place at KindredA21BR,1BA$1.59
Victory Square 55+ Senior CommunityThe Commodore1BR,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 Article
Decorative image

Don'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 Article
Decorative image

The 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 Article
Decorative image

Cash 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 Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Young Terrace, Norfolk, VA

Ranked #5

Among cities in Virginia for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

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

decorative image for The Best Affordable Neighborhoods for Renters in Norfolk, VA: Great Price Meets Quality of Life article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.