Colonial Place, Norfolk, VA Rental Market Trends
Average rent in Colonial Place, Norfolk, VA by Number of Bedrooms
The chart below shows the average rent in Colonial Place, Norfolk, VA for apartments by number of bedrooms:
Average apartment size in Colonial Place, Norfolk, VA
The average apartment size in Colonial Place, Norfolk, VA is 770 sqft, which is -23% below the U.S. national average apartment size of 1,003 sqft. This graph illustrates average size in Colonial Place, Norfolk, VA for each unit type:
Average Rent in Norfolk, VA by Neighborhood
There are 9 neighborhoods in Norfolk, VA . Ghent is the most expensive neighborhood, with an average rent of $2,287 ($2.20 per sqft), and Glenwood Park is the most affordable neighborhood in Norfolk, VA , with an average rent of $1,179 ($1.75 per sqft). The following tables show the Top 5 neighborhoods in Norfolk, VA by average rent and the top 5 most affordable neighborhoods in Norfolk, VA by average rent:
Top 5 most expensive neighborhoods in Norfolk, VA by average rent:
Top 5 most affordable neighborhoods in Norfolk, VA by average rent:
Average Rent in Norfolk, VA by Zip Code
There are 11 zip codes in Norfolk, VA . 23503 is the most expensive zip code, with an average rent of $1,900 ($1.86 per sqft), and 23502 is the most affordable zip code in Norfolk, VA , with an average rent of $1,248 ($1.59 per sqft). The following tables show the Top 5 zip codes in Norfolk, VA by average rent and the top 5 most affordable zip codes in Norfolk, VA by average rent:
Top 5 most expensive zip codes in Norfolk, VA by average rent:
Top 5 most affordable zip codes in Norfolk, VA by average rent:
Average Apartment Listing Volume and Average Time on Market in Colonial Place, Norfolk, VA
Average number of days on market in Colonial Place, Norfolk, VA
The average listing remains on the market for 7 days in Colonial Place, Norfolk, VA. This is lesser than the national average time on market of 10 days for apartment listings. The chart below shows how many units remain on the market by number of days in Colonial Place, Norfolk, VA:
Available Apartments in Colonial Place, Norfolk, VA by Unit Type
On May 28, 2023 Hello Data, Inc. surveyed 33 active apartment listings in Colonial Place, Norfolk, VA. The graph below shows the breakdown of multifamily units listed by bedroom count:
Frequently Asked Questions – Colonial Place, Norfolk, VA Average Rents
What are the most affordable neighborhoods in Norfolk, VA?
The most affordable neighborhoods in Norfolk, VA are Glenwood Park, where the average rent is $1,179 ($1.75 per sqft) and Larrymore Lawns, where renters pay $1,214 ($1.22 per sqft) per month on average.
What are the most expensive neighborhoods in Norfolk, VA?
The most expensive neighborhoods in Norfolk, VA are Ghent, with an average rent of $2,287 ($2.20 per sqft) and East Ocean View, with an average rent of $2,200 ($2.32 per sqft) per month.
What are the most popular neighborhoods in Norfolk, VA?
The most popular neighborhoods in Norfolk, VA are Downtown, with 138 active listings as of May 28, 2023 and Ghent, with 56 active listings as of May 28, 2023.
How much is a Studio apartment in Colonial Place, Norfolk, VA?
The average monthly rental price for Studio apartments in Colonial Place, Norfolk, VA is $1,376 ($2.75 per sqft).
How much is a 1 Bedroom apartment in Colonial Place, Norfolk, VA?
The average monthly rental price for 1 Bedroom apartments in Colonial Place, Norfolk, VA is $1,471 ($1.55 per sqft).
How much is a 2 Bedroom apartment in Colonial Place, Norfolk, VA?
The average monthly rental price for 2 Bedroom apartments in Colonial Place, Norfolk, VA is $1,891 ($1.63 per sqft).