
Cheap Homes for Rent in the Young Terrace Neighborhood of Norfolk, VA from $700 (20 Rentals)
Search the lowest-cost Homes available for rent right now in the Young Terrace area of Norfolk.


316 W 31st St

801 Greenway Ct, Unit B-5

225 W 31st St

2421 Courtney Ave

3608 Omohundro Ave
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.

842 C Ave, Unit Huntersville Evergreen

1401 W 40th St

1611 Hampton Blvd, Unit B9

318 Washington St

3320 Lyons Ave

234 W 27th St, Unit 3
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.

1510 Wilson Rd, Unit 1

126 Linden Ave

1609 Spratley St, Unit A

2401 Ruffin St

132 Orleans Cir

2401 Ruffin St
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.

770 Fremont St, Unit B

241 Granby St
Young Terrace, Norfolk, VA Local Guide

How much does it cost to rent a home in Young Terrace?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Young Terrace 2 Bedroom Homes for Rent | $1,875 | $975 | $2,495 |
| Young Terrace 3 Bedroom Homes for Rent | $2,146 | $750 | $4,000 |
| Young Terrace 4 Bedroom Homes for Rent | $2,623 | $900 | $5,000 |
| Young Terrace 5 Bedroom Homes for Rent | $3,050 | $2,500 | $3,600 |
| Young Terrace 6 Bedroom Homes for Rent | $3,100 | $3,100 | $3,100 |
Browse Homes for Rent in this Neighborhood
There are currently 20 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
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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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 201 W 34th Street | 2BR/1.0BA | 2BR,1BA | $995 |
| Holley Pointe | 2 Bdrm | 2BR,1BA | $1,055 |
| Unity Place at Kindred | A3 | 1BR,1BA | $1,116 |
| Victory Square 55+ Senior Community | The Commodore | 1BR,1BA | $1,129 |
| Beacon 303 | A1 | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Holley Pointe | 3 Bdrm | 3BR,2BA | $1.53 |
| 426 London St | 426 London St | 2BR,1BA | $1.14 |
| 708 W 36th St, Unit 1 | 708 W 36th St | 2BR,1BA | $1.40 |
| Crossroads Townhomes | 2 Bedroom 2.5 bath Townhome - Renovated | 2BR,2.5BA | $1.62 |
| Bains Pointe | 2 Bedroom 1.5 Bath | 2BR,1.5BA | $1.62 |
| 1100 Wilson Rd | 3BR | 3BR,1.5BA | $1.66 |
| 201 W 34th Street | 2BR/1.0BA | 2BR,1BA | $1.33 |
| 222 W 34th St, Unit Apartment B | 222 W 34th St | 2BR,1BA | $1.66 |
| Unity Place at Kindred | A2 | 1BR,1BA | $1.59 |
| Victory Square 55+ Senior Community | The Commodore | 1BR,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 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 ArticleReal 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 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 #7
Among cities in Virginia for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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

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.

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.

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.

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.