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Average Rent in Fairmont Park & Rent Trends

Rent prices and market trends across 1 apartment community in Fairmont Park, Norfolk, VA. Updated daily.

Area All Areas Fairmont Park Downtown Ghent Highland Park
Norfolk 23517
Beds All Bedrooms Studio 1 Bed 2 Bed 3 Bed

Showing any bedrooms in Fairmont Park.

Market Average

$2,287/mo

Lowest Available

$1,927/mo

cheapest unit on market

Communities

1

tracked daily

Units Listed

4

available now

Rent Watch: cuts and increases

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See current options while we confirm new price comparisons. Filter by bedrooms and budget, then inspect each building’s history.

Fairmont Park vs Norfolk, VA Average

Fairmont Park is more expensive than the Norfolk, VA average by $454/mo (25%). The citywide average is $1,833/mo across all neighborhoods.

Is Rent Going Up or Down in Fairmont Park?

As of October 2026, the average rent in Fairmont Park is $2,287 per month across 1 apartment community and 4 available units.

The most affordable option is Promenade Pointe starting at $1,927/mo. By unit type, a 1-bedroom averages $1,994/mo, a 3-bedroom averages $2,581/mo.

Prices range from $1,927 to $2,587 per month. The most common price point is the $2,400 range, where 2 units are currently listed.

Average Rent by Bedroom

Rent Price Distribution

Rent by Bedroom Type in Fairmont Park

1 Bed
$1,994
from $1,927 · 2 units
3 Bed
$2,581
from $2,575 · 2 units

Rent Prices by Apartment in Fairmont Park

Property Starting at Average Units Rating
Promenade Pointe $1,927/mo $2,287/mo 4 4.6

Frequently Asked Questions About Rent in Fairmont Park

How many bedrooms are you looking for? BedroomsAny bedroomsChange
How many bedrooms are you looking for?

Scroll or tap to choose. Apply your choice to update the rents, charts, and answers.

What is the average rent in Fairmont Park?
The average asking rent for apartment listings in Fairmont Park is $2,287 per month, as of October 2026. We calculate it from 4 priced units across 1 apartment building. These are advertised rents, not signed leases or renewal offers.

What rent range can I find in Fairmont Park?
The apartment listings we track in Fairmont Park range from $1,927 to $2,587 per month, as of October 2026. These are the lowest and highest listed prices. They are not a typical price for every apartment. The building, floor plan, and lease terms can affect the price.

Are rents going up or down in Fairmont Park?
There is not enough comparable history to report a reliable 30-day rent change for apartment listings in Fairmont Park. Missing dates or a change in the buildings we track can prevent a comparison. Missing history does not mean rents stayed flat.

How much is a 1-bedroom apartment in Fairmont Park?
1-bedroom apartments average $1,994 per month across 2 priced listings in Fairmont Park. Listed rents range from $1,927 to $2,060 per month, as of October 2026. Compare apartments with similar floor plans and lease terms.

How much is a 3-bedroom apartment in Fairmont Park?
3-bedroom apartments average $2,581 per month across 2 priced listings in Fairmont Park. Listed rents range from $2,575 to $2,587 per month, as of October 2026. Compare apartments with similar floor plans and lease terms.

Which tracked building has the lowest starting rent in Fairmont Park?
Promenade Pointe has the lowest starting rent among the buildings in the comparison table, at $1,927 per month. We track 4 priced listings matching your bedroom choice in that building, as of October 2026. The starting price applies to its lowest-priced matching apartment. Check that apartment's latest price and availability.

Which rent range has the most listings in Fairmont Park?
The $2,400 to $2,600 monthly range has the most matching listings: 2 units, or 50.0% of the priced apartments we track in Fairmont Park. This count does not tell us how fast the apartments rent.

How many apartment listings do you track in Fairmont Park?
We track 4 priced units at 1 apartment building, as of October 2026. This is not the total number of apartments in those buildings. A listing can change or become unavailable. Open the apartment details to check its latest status.

How much rent history is available for Fairmont Park?
We do not yet have enough accepted price records to draw a history chart for apartment listings in Fairmont Park. Current asking prices can appear before rent history is ready. We do not fill missing history with zero or with prices for a different bedroom count.

Why can the headline rent differ from the trend chart in Fairmont Park?
The average at the top of the page gives each matching apartment equal weight. The chart first averages recorded prices within each building, then compares buildings. It removes the highest and lowest groups when at least ten buildings contribute and omits days with fewer than five buildings. Different dates, building counts, and listing mixes can produce different figures. The monthly table averages the recorded daily figures.

Does my bedroom choice change the prices and answers?
Yes. Your chosen area and bedroom count filter the asking rents, listing counts, rent ranges, and answers on this page. When you choose a bedroom count, the history chart uses recorded prices for matching apartments with a known identity. If those records are missing, we leave the chart empty rather than use prices for other bedroom types. Open an individual apartment to check its own price history.

Do these rents include utilities, parking, and other fees?
We use the published total monthly rent when it is available and the base rent otherwise. Unknown fees are not zero. Utilities, parking, pet charges, deposits, and one-time costs can add to the amount you pay. Check the selected unit and lease terms for a complete quote.

How should I compare free-rent offers with listed rent?
A free-rent offer can reduce the effective cost over a lease without changing the listed monthly rent. Compare the same lease length and move-in date, then include required charges and the offer conditions. The market averages do not assume an unconfirmed discount.

Does this page represent every rental in the market?
These figures describe the priced apartment listings we track, not every rental home or every occupied apartment. Coverage and the mix of bedrooms, buildings, and locations can change. A lower market average does not prove that the same apartment received a price cut.

How fresh are the Fairmont Park rent figures?
We schedule rent updates each day, but buildings can have different price-check dates. The latest accepted price check for these listings was October 18, 2026. The month label does not mean we checked every price today. Open the building or apartment details for its latest price and availability.

What salary do I need to live comfortably in Fairmont Park?

Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.

Minimum to afford average rent

$91,000/year

Based on the 30 percent rule, using our tracked average rent of $2,287/mo.

Comfortable income

$110,000/year

Based on the 25 percent rule, leaving more room for savings, transport, and groceries.

To afford the cheapest tracked apartment ($1,927/mo), you need to earn at least $77,000/year.

Median household income in Fairmont Park is $64,017 , about 42% below the comfortable-living threshold.

Explore Fairmont Park Apartments

Browse all 1 communities with daily-updated pricing and availability.

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Cost of living in Fairmont Park

Overall prices in Fairmont Park runs below the national average by about 2% (BEA Regional Price Parity index 97.7, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Fairmont Park's regional price parities.

Category Monthly estimate
Rent (market average) $2,287
Utilities $420
Groceries $524
Transportation $1,001
Healthcare $488
Other goods and services $781
Estimated total $5,502/mo

Population

235,037

Median household income

$64,017

Census median rent

$1,246/mo

Census rent burden

31.7%

Median age

32.4

Mean commute

23 min

Methodology

Rent data

We use listed asking rents and schedule daily data updates. Individual buildings can have different verification dates. Check the building or unit page for its latest price and availability.

Cost of living

Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.

Salary to live comfortably

We estimate annual income by dividing annual rent by 30 percent for the affordability figure and 25 percent for the comfortable-income figure. These estimates are a guide, not a guarantee of rental approval.

Demographic figures

Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.

Cost of living and demographic figures were last published in 2023.
Virginia Rent Trends
Compare rent across all Virginia cities
Norfolk, VA Neighborhood Rent Map
See rent history by neighborhood on a map
Explore Norfolk, VA on Map
See neighborhoods and rent data interactively
US-wide rent comparison
See how Norfolk, VA rents stack up against the national median

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