Cheap Homes for Rent in Young Terrace Neighborhood of Norfolk, VA from $600 (17 Rentals)

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

property at 2606 Middle Ave

$850

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$850

Total Monthly Price
$850

1 Bedroom, 1.5 Bath Home for Rent

Available Now

2606 Middle Ave

NorfolkVA23504
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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

property at 1406 W 27th St

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

2 Bedroom, 1 Bath Condo for Rent

Available Jul 18

1406 W 27th St

NorfolkVA23508
property at 3605 Killam Ave

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

1 Bedroom, 2 Bath Home for Rent

Available Now

3605 Killam Ave

NorfolkVA23508
property at 225 W 31st St

$975

Total Monthly Price

Total Monthly Price

Base Rent
$975

Total Monthly Price
$975

2 Bedroom, 1 Bath Home for Rent

Available Now

225 W 31st St

NorfolkVA23504

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 2540 Ballentine Blvd

$1,000

Total Monthly Price6 Month Lease Term

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

1 Bedroom, 1.5 Bath Home for Rent

Available Now

2540 Ballentine Blvd

NorfolkVA23509
property at 3608 Omohundro Ave

$1,075 - $1,770

Total Monthly Price9 Month Lease Term

Total Monthly Price

Base Rent
$1,075 - $1,770

Total Monthly Price
$1,075 - $1,770

1 Bedroom, 1.5 Bath Home for Rent

Available Sep 1

3608 Omohundro Ave

NorfolkVA23504
property at 915 Green St

$1,195

Total Monthly Price

Total Monthly Price

Base Rent
$1,195

Total Monthly Price
$1,195

2 Bedroom, 1 Bath Condo for Rent

Available Now

915 Green St

PortsmouthVA23704
property at 1011 Watson St

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

2 Bedroom, 1 Bath Townhome for Rent

Available Now

1011 Watson St

NorfolkVA23523

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.

property at 1443 W 40th St

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

2 Bedroom, 1 Bath Townhome for Rent

Available Now

1443 W 40th St

NorfolkVA23508

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 1 Bed unit found at Beacon 303 priced from $1,050. Bains Pointe has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,060. Here are the most affordable Young Terrace apartments for rent in Norfolk, VA:

Apartment ListingModel NameBed/BathPriced From
Beacon 303A11BR,1BA$1,050
Bains Pointe2 Bedroom 1.5 Bath2BR,1BA$1,060
Unity Place at KindredA31BR,1BA$1,116
Victory Square 55+ Senior CommunityThe Commodore1BR,1BA$1,129
1100 Wilson Rd3BR3BR,1BA$1,495

Best Value Apartments for Rent in Young Terrace, VA

As of July 05, 2026 the best value apartment in the Young Terrace area is the $1.82 price per square foot Dunmore Model at Heritage at Freemason Harbour in the in the Dnc neighborhood starting from $2,425. The second greatest value Young Terrace apartment is the 3 Bdrm Model at Holley Pointe starting at $1,850 with a $1.53 price per square foot in the South Brambleton 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.
Heritage at Freemason HarbourDunmore3BR,2BA$1.82
Holley Pointe3 Bdrm3BR,2BA$1.53
Sterling KingTHE COMMODORE2BR,2BA$1.64
Bains Pointe3 Bedroom 2 Bath3BR,2BA$1.47
426 London St426 London St2BR,1BA$1.14
708 W 36th St, Unit 1708 W 36th St2BR,1BA$1.40
1100 Wilson Rd3BR3BR,1.5BA$1.66
Harbor Vista at Crawford StreetAurora1BR,1BA$1.94
Unity Place at KindredA21BR,1BA$1.59
Victory Square 55+ Senior CommunityThe Commodore1BR,1BA$1.67

Beyond the Dorms: Finding the Best Off-Campus Living in Norfolk

Find your perfect Norfolk apartment! This comprehensive guide details the best student neighborhoods (like Ghent, Chelsea, and Highland Park), top restaurants, and entertainment near NSU, ODU, and EVMS.

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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
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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

Read Article
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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.

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Pet Friendly Lifestyle
Young Terrace, Norfolk, VA

Ranked #7

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Young Terrace

What type of rentals are currently available in Young Terrace?

There are currently 354 Apartments for Rent in Young Terrace, VA with pricing that ranges from $900 to $4,929. There are also 99 Single Family Homes for rent, Condos, and Townhome rentals currently available in Young Terrace ranging from $650 to $4,000.

What is the current price range for Rental Homes in Young Terrace?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Young Terrace ranges from $650 to $4,000 with an average monthly rent of $2,214.

How much are larger Three and Four Bedroom Rentals in Young Terrace?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Young Terrace range from $1,550 to $4,929, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,325 to $3,150. Four Bedroom Single-Family rentals are also available starting from $900 and Four Bedroom Apartments start at $2,000.

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 Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.