Zumper
modified
16 Hours Ago

Highlights

  • Pet Friendly

Location

2804 Waverly Way, Norfolk, VA 23504, USA|Villa Heights
Hi! Let’s figure out if this property is right for you.

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Contact

Management

Franklin Group Companies

Leasing office

(844) 331-7289 ext. 7060

Open 

9:00 am–5:00 pm ET

Property Overview

Villa Terrace is rated 8.3 out of 10, highlighting its excellent appeal for renters. The property offers a competitive price rating of 10 and a location score of 9, ensuring residents enjoy convenient access to amenities and transportation. Key features include a cozy community atmosphere and a strong array of amenities, supporting a high standard of living, while the trustworthiness rating of 7 reflects transparent property management.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.3
Very Good
With a solid 8.3 out of 10 overall, Villa Terrace is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Villa Terrace has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Less expensive

Great for

  • Social life

Floor plans

Two Bedroom2 bed1 bath850 sqft$1,099 /mo2 units available

Let's explore this property.

Amenities for Villa Terrace

Building

Cats OKDogs OK
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Dog Policy

Allowed
Limit2
Breed restrictionsYes

Service Animals Only. Please call our Leasing Office for complete Pet Policy information.

Cat Policy

Allowed
Limit2

Bird Policy

Allowed
Limit2

Fish Policy

Allowed
Limit2

Reptile Policy

Allowed
Limit2

Questions about this property’s policies and fees?

Building details

Property details

Units82
Lease terms12 months
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About Villa Terrace

HomeApartments in Norfolk Villa Terrace

Welcome home to Villa Terrace! Nestled between popular parks and the Lafayette River lies your home at Villa Terrace Apartments. Located just minutes from some of Norfolk’s finest shopping, dining, and entertainment options, this cozy community is sure to please. Schedule your private tour today and discover for yourself all that Villa Terrace Apartments has to offer!


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.3
/10
Very Good
With a solid 8.3 out of 10 overall, Villa Terrace is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Villa Terrace has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated Villa Terrace
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Villa Terrace offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, Villa Terrace is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Villa Terrace is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While Villa Terrace does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
Villa Terrace provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.

Villa Terrace is great for:

Social life

  • Areas nearby are accessible by walking
  • 105 restaurants within 1 mile of this property
  • Diverse age groups live in this area
  • The area has transit options

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How Villa Terrace compares to other nearby properties.

Positives

Less expensive
The 2-bedrooms are cheaper than other similar listings nearby

Considerations

Greater distance from middle schools
The nearest middle school is farther than 1 mile away

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Rent trends in Villa Heights

2-bedroom apartments at Villa Terrace cost about 23% less than the average rent price for 2-bedroom apartments in Villa Heights.

Median rents as of Feb 28 2026.
Villa Heights
Norfolk
A table of 2-bedroom apartment rental data trends in Norfolk
MonthMedian Rent
March 2024$1,533
April 2024$1,586
May 2024$1,482
June 2024$1,489
July 2024$1,496
August 2024$1,494
September 2024$1,469
October 2024$1,453
November 2024$1,477
December 2024$1,402
January 2025$1,413
February 2025$1,402
March 2025$1,451
April 2025$1,398
May 2025$1,439
June 2025$1,497
July 2025$1,545
August 2025$1,536
September 2025$1,498
October 2025$1,451
November 2025$1,473
December 2025$1,477
January 2026$1,477
February 2026$1,456
A table of 2-bedroom apartment rental data trends in Villa Heights
MonthMedian Rent
March 2024$1,200
November 2024$1,011
January 2025$1,245
February 2025$1,270
March 2025$1,285
April 2025$1,350
May 2025$1,200
June 2025$1,193
January 2026$1,099
February 2026$1,425

Affordability calculator

Can I afford to live at 2804 Waverly Way?

Bedrooms

2 bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$43,960/yr

With your selected rent-to-income ratio, you'd ideally want to make $43,960 annually to afford this 2-bedrooms monthly rent price of $1,099.
For more information on rent affordability, visit our rent calculator.

Schools near Villa Terrace

Lindenwood Elementary School

2700 ludlow st

norfolk, VA, 23504

PK, K-5Public
C-

Ghent School

200 shirley ave

norfolk, VA, 23517

K-8Public
B-

Berkley/Campostella Early Childhood Education Center

1530 cypress st

norfolk, VA, 23523

PKPublic

Easton Preschool

1132 wade st

norfolk, VA, 23502

PKPublic
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Internet available near Villa Terrace

Getting around Norfolk near 2804 Waverly Way

Walking

5/10
Some shops and stores are within a few minutes.

Driving

8/10
This area is close to freeways and has adequate parking options.

Cycling

3/10
This is semi-bikeable, but you’ll need another way of getting around.

Transit

3/10
There are a few mass transit options within the area.

Points of interest for 2804 Waverly Way, Norfolk

Groceries

2/10
No grocery stores within walking distance

Shopping

5/10
Some shops within walking distance

Cafes

5/10
Some cafés within walking distance

Restaurants

6/10
Some restaurants within walking distance

Primary schools

7/10
At least one elementary school within a 20-minute walk

High schools

2/10
No high schools within a 30-minute walk

Parks

6/10
Moderate amount of park space nearby

Nightlife

3/10
Few or no bars within walking distance

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