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I'd personally rather live on the side of the tunnel where I spend the most time... meaning, if you want to go to ODU, live in Norfolk. Ghent isn't cheap, but it would be my top choice if I were still a college student. Commuting across the bridge-tunnel every day is not for me... if you used to live in Hampton, you know how bad it can be, and at weird, unpredictable hours, oftentimes.
Another choice is Chesapeake... parts of Great Bridge in Chesapeake are 15 minutes from downtown Norfolk (going down I-464). Mostly houses, not apartments though, but if you got a roommate, costs wouldn't be too great, I would think.
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