The Point on 38th

📍 1055 West 38th Street, Norfolk, VA 23508

Monthly Rent

$1,640 – $1,995

Bedrooms

1 bd

Bathrooms

1 ba

Sq Feet

540 sq ft

Updated 9 days ago

🎥 Virtual Tour

Move through the rooms yourself, right here on this page — no app and no sign-up.

All 4 tours & videos

📋 Property Overview

1 bd / 1 ba rental in Park Place, Norfolk, Virginia. It measures 540 sq ft. Monthly rent ranges $1,640-$1,995. Features in the home include patio / balcony, in unit laundry, dishwasher and stainless steel. The building offers elevator, cats allowed, dogs allowed and pool. Pets are allowed (cats and dogs), with pet rent of $40. Residents have access to garage. The standard lease term is 15 months. Availability: Available Sep 9, 2026. The Walk Score here is 83, meaning most errands can be done on foot. Transit Score is 40. Rent sits 20% below the area median ($2,050).

🚶 Getting Around

Walk Score83/100
Very Walkable
Transit Score40/100
Some Transit

7 transit routes nearby

7Bus

1 bedroom · typical rent nearby$1,886

Market trend: Falling · as of August 2026

💵 Costs & Lease

Deposit: $450
Lease length: 15 months
Units available: 11 units

Amounts are as published by the source and may change. Confirm before applying.

📐 Floor Plan Details

The Port1 bd · 1 baNone available right now
The Bowline2 bd · 2 ba · 925 sq ftNone available right now
The Anchor1 bd · 1 ba · 480 sq ft$1,6403 units available
The Reef2 bd · 2 ba · 873 sq ft$1,9352 units available
The Clove1 bd · 1 ba · 585 sq ft$1,7706 units available

🧾 Move-in Costs & Lease

Security deposit: $450
Lease length: 15 months
Available: Available Sep 9, 2026
Move-in date: September 9, 2026
Application fee: $60 per applicant, paid to RivoRent

Property amounts are as published by the source and may change. Confirm before applying. The application fee is RivoRent's own and is the same on every listing.

🛡️ Renters Insurance — Estimated Cost

Estimated range for Virginia at $20,000 – $24,999 of personal property

$13–$16/ monthEstimate — not a quote

About $160–$183 a year.

Based on what Virginia renters actually paid: NAIC industry data for 2023 (average HO-4 premium, 717,775 policy-years), adjusted to July 2026 with the U.S. Bureau of Labor Statistics tenants' insurance index. It is a market average, not a price for this building and not a price for you.

Your own price depends most on your credit-based insurance score, your claims history and which carrier you choose. In published Ohio figures the same coverage ranges from $127 a year at excellent credit to $933 at poor credit. We do not ask for any of that, so we cannot narrow this for you.

Compare what companies charge and get a real quote

🏠 Inside the Home

In unit laundry
Patio / balcony
Dishwasher
Stainless steel

🏢 In the Building

Garage
Dogs allowed
Gym
Cats allowed
Pet friendly
Parking
Pool
Elevator
Dog grooming area
Clubhouse
Car charging
Business center
Bike storage
Game room
Internet access

✅ Who Qualifies

Must have 3x the rent in total household income from all funding sources (before taxes)

🐾 Pets

Pets: Allowed
Types: Cats, Dogs
Pet deposit: $350 for the first pet and $150 for the second.
Pet rent: $40
One-time pet fee: $350
Limit: 2 pets
Restrictions: 100 lb weight limit per pet (certain restrictions on upper floors may apply). All pets must be approved by management; PRG reserves the right to approve or deny pet applications.