Cheap Homes for Rent in the Young Terrace Neighborhood of Norfolk, VA from $700 (20 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.
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 301 W 31st St

$750

Total Monthly Price1 Month Lease Term

Total Monthly Price

Base Rent
$750

Total Monthly Price
$750

3 Bedroom, 3 Bath Home for Rent

Available Now

301 W 31st 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
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
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 Now

3608 Omohundro Ave

NorfolkVA23504

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 318 Washington St

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250

Total Monthly Price
$1,250

1 Bedroom, 1 Bath Home for Rent

Available Now

318 Washington St

PortsmouthVA23704
property at 3320 Lyons Ave

$1,295

Total Monthly Price

Total Monthly Price

Base Rent
$1,295

Total Monthly Price
$1,295

2 Bedroom, 1 Bath Condo for Rent

Available Now

3320 Lyons Ave

NorfolkVA23509

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

property at 1510 Wilson Rd

$1,325

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,325

Total Monthly Price
$1,325

3 Bedroom, 1 Bath Condo for Rent

Available Now

1510 Wilson Rd, Unit 1

1510 Wilson Rd
NorfolkVA23523
property at 126 Linden Ave

$1,320 - $1,325

Total Monthly Price

Total Monthly Price

Base Rent
$1,325

Total Monthly Price
$1,325

1 To 2 Bedroom Rentals

Available Now

126 Linden Ave

PortsmouthVA23704
property at 132 Orleans Cir

$1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,350

Total Monthly Price
$1,350

2 Bedroom, 1 Bath Home for Rent

Available Oct 1

132 Orleans Cir

NorfolkVA23509

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

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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 201 W 34th Street priced from $995. Holley Pointe has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,055. Here are the most affordable Young Terrace apartments for rent in Norfolk, VA:

Apartment ListingModel NameBed/BathPriced From
201 W 34th Street2BR/1.0BA2BR,1BA$995
Holley Pointe2 Bdrm2BR,1BA$1,055
Unity Place at KindredA31BR,1BA$1,116
Victory Square 55+ Senior CommunityThe Commodore1BR,1BA$1,129
Beacon 303A11BR,1BA$1,175

Best Value Apartments for Rent in Young Terrace, VA

As of August 20, 2026 the best value apartment in the Young Terrace area is the $1.53 price per square foot 3 Bdrm Model at Holley Pointe in the in the South Brambleton neighborhood starting from $1,850. 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.
Holley Pointe3 Bdrm3BR,2BA$1.53
426 London St426 London St2BR,1BA$1.14
708 W 36th St, Unit 1708 W 36th St2BR,1BA$1.40
Crossroads Townhomes2 Bedroom 2.5 bath Townhome - Renovated2BR,2.5BA$1.62
Bains Pointe2 Bedroom 1.5 Bath2BR,1.5BA$1.62
1100 Wilson Rd3BR3BR,1.5BA$1.66
201 W 34th Street2BR/1.0BA2BR,1BA$1.33
222 W 34th St, Unit Apartment B222 W 34th St2BR,1BA$1.66
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.

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

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
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 #7

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

Frequently Asked Questions about Young Terrace

What type of rentals are currently available in Young Terrace?

There are currently 353 Apartments for Rent in Young Terrace, VA with pricing that ranges from $667 to $4,649. There are also 71 Single Family Homes for rent, Condos, and Townhome rentals currently available in Young Terrace ranging from $750 to $5,000.

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 $750 to $5,000 with an average monthly rent of $2,170.

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 $667 to $4,649, while Three Bedroom Homes, Condos, and Townhomes for rent range from $750 to $4,000. Four Bedroom Single-Family rentals are also available starting from $900 and Four Bedroom Apartments start at $1,900.

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

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

Written by: James W. Vickers

Positioned at the southeastern corner of Virginia, Norfolk is a sprawling area with close ties to Virginia Beach to the east and Newport News across the Hampton Roads Bridge Tunnels to the north.

decorative image for Rent According to Income: A Look at Income-Restricted Rentals   article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags   article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.