Cheap Homes for Rent in Young Terrace Neighborhood of Norfolk, VA from $600 (16 Rentals)

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

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 1510 Wilson Rd

$1,200

3 Bedroom, 1 Bath Condo for Rent

Available Now

1510 Wilson Rd

NorfolkVA23523
property at 1443 W 40th St

$1,250

2 Bedroom, 1 Bath Townhome for Rent

Available Now

1443 W 40th St

NorfolkVA23508

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.

property at 424 Queen St

$1,350

2 Bedroom, 1.5 Bath Townhome for Rent

Available Now

424 Queen St

PortsmouthVA23704
property at 1510 Wilson Rd

$1,375

3 Bedroom, 1 Bath Condo for Rent

Available Now

1510 Wilson Rd

NorfolkVA23523

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.

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 3 Beds unit found at Bains Pointe priced from $635. Beacon 303 has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,050. Here are the most affordable Young Terrace apartments for rent in Norfolk, VA:

Apartment ListingModel NameBed/BathPriced From
Bains Pointe3 Bedroom3BR,2BA$635
Beacon 303A11BR,1BA$1,050
Victory Square 55+ Senior CommunityThe Commodore1BR,1BA$1,110

Best Value Apartments for Rent in Young Terrace, VA

As of January 01, 2026 the best value apartment in the Young Terrace area is the $0.83 price per square foot 912 Summit Ave Model at 912 Summit Ave, Unit summit in the in the South Brambleton neighborhood starting from $1,000. The second greatest value Young Terrace apartment is the 426 London St Model at 426 London St starting at $1,250 with a $1.14 price per square foot in the Dnc 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.
912 Summit Ave, Unit summit912 Summit Ave2BR,1BA$0.83
426 London St426 London St2BR,1BA$1.14
The Banks at BerkleyThree Bedroom3BR,2BA$1.25
Origin Circle at Kindred2BR2BR,1BA$1.26
2834 Tidewater Dr, Unit 12834 Tidewater Dr2BR,1BA$1.10
1134 Westover Ave, Unit 1134 Westover #41134 Westover Ave1BR,1BA$1.40
Bains Pointe2 Bedroom2BR,1.5BA$1.12
871 W 37th St, Unit 1871 W 37th St2BR,1BA$1.29
916 Washington Ave, Unit 916 washington Ave916 Washington Ave2BR,1BA$1.32
1007 W 36th St, Unit 41007 W 36th St2BR,1BA$1.31

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.

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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.

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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.

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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 #12

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 $704 to $4,880. There are also 88 Single Family Homes for rent, Condos, and Townhome rentals currently available in Young Terrace ranging from $200 to $3,500.

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 $200 to $3,500 with an average monthly rent of $2,162.

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 $1,095 to $4,880, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $3,200. Four Bedroom Single-Family rentals are also available starting from $200 and Four Bedroom Apartments start at $2,200.

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

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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.

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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.