South Norfolk renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in South Norfolk is about $1,101 per month. This puts it in the 20th percentile compared to the city average cost of rent, which is $1,558. Households in South Norfolk have a median income of $4,650 per month so the average renter in South Norfolk is spending roughly 24% of their earnings on housing.
Nationally, and in South Norfolk, home values are the data point most closely correlated with the cost of rent. The median price of a home in South Norfolk is $195,374 right now, which is lower than nearby neighborhoods, meaning that rents in South Norfolk also tend to be lower versus these nearby neighborhoods.
Higher rent prices are common in the southwestern parts of South Norfolk while lower rent rates are often available in northeastern areas.
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