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109 Cheap Apartments for rent in Chesapeake, VA

Last updated January 19 at 2:41am UTC
Landmark Apartments
2900 Fireside Rd
Chesapeake, VA
Updated January 19 at 12:47am UTC
2 Bedrooms
$810
3 Bedrooms
$930
823 Quail Avenue
South Norfolk
Chesapeake, VA
Updated January 18 at 10:13am UTC
2 Bedrooms
$800
732 Partridge Ave
South Norfolk
Chesapeake, VA
Updated January 18 at 10:13am UTC
2 Bedrooms
$925
1305 Richmond Avenue
South Norfolk
Chesapeake, VA
Updated January 18 at 10:12am UTC
2 Bedrooms
$850
1217 Hoover Avenue
South Norfolk
Chesapeake, VA
Updated January 19 at 1:34am UTC
3 Bedrooms
$900
1515 seaboard Avenue
South Norfolk
Chesapeake, VA
Updated January 19 at 1:34am UTC
2 Bedrooms
$850
2242 iowa Street
Deep Creek North
Chesapeake, VA
Updated January 19 at 1:34am UTC
2 Bedrooms
$950
4310 Indian River Road -Ste 1B
Indian River
Chesapeake, VA
Updated January 19 at 2:41am UTC
Studio
$725
1135 Commerce Avenue
South Norfolk
Chesapeake, VA
Updated January 19 at 1:34am UTC
2 Bedrooms
$850
4629 Charlton Court
Western Branch South
Chesapeake, VA
Updated January 19 at 1:34am UTC
1 Bedroom
$650
Results within 1 miles of Chesapeake, VA
Mallard Cove Townhomes
840 Lancer Dr
Portsmouth, VA
Updated January 19 at 1:52am UTC
2 Bedrooms
$835
3 Bedrooms
$940
Marsh Landing
3817 George Washington Hwy
Portsmouth, VA
Updated January 19 at 1:00am UTC
2 Bedrooms
$695
Towne Point Landing
3802 Towne Point Rd
Portsmouth, VA
Updated January 19 at 1:18am UTC
1 Bedroom
$859
2 Bedrooms
$934
3 Bedrooms
$1,040
81 Nicholson Street
Cradock
Portsmouth, VA
Updated January 19 at 2:37am UTC
1 Bedroom
$620
4646 Greenwood Drive
Cavalier Manor
Portsmouth, VA
Updated January 18 at 10:12am UTC
2 Bedrooms
$905
3016 E Shire Circle
Portsmouth
Portsmouth, VA
Updated January 18 at 10:12am UTC
1 Bedroom
$925
1411 Cavalier Blvd.
Cavalier Manor
Portsmouth, VA
Updated January 18 at 10:12am UTC
3 Bedrooms
$950
20 Woodmill Court
Portsmouth
Portsmouth, VA
Updated January 18 at 9:37am UTC
2 Bedrooms
$880
6093 Camellia Drive
Nansemond
Suffolk, VA
Updated January 19 at 1:34am UTC
2 Bedrooms
$900
4 Bedrooms
Ask
119 Afton Parkway
Cradock
Portsmouth, VA
Updated January 19 at 1:34am UTC
2 Bedrooms
$800

January 2019 Chesapeake Rent Report

Welcome to the January 2019 Chesapeake Rent Report. Chesapeake rents remained steady over the past month. In this report, we'll evaluate trends in the Chesapeake rental market, including comparisons to cities throughout the state and nation.

View full Chesapeake Rent Report
Rent Report
Chesapeake

January 2019 Chesapeake Rent Report

Welcome to the January 2019 Chesapeake Rent Report. Chesapeake rents remained steady over the past month. In this report, we'll evaluate trends in the Chesapeake rental market, including comparisons to cities throughout the state and nation.

Chesapeake rents held steady over the past month

Chesapeake rents have remained flat over the past month, however, they are up slightly by 1.7% year-over-year. Currently, median rents in Chesapeake stand at $990 for a one-bedroom apartment and $1,200 for a two-bedroom. Chesapeake's year-over-year rent growth lags the state average of 1.9%, but exceeds the national average of 0.9%.

Rents rising across cities in Virginia

Throughout the past year, rent increases have been occurring not just in the city of Chesapeake, but across the entire state. Of the largest 10 cities that we have data for in Virginia, 8 of them have seen prices rise. The state as a whole logged rent growth of 1.9% over the past year. Here's a look at how rents compare across some of the largest cities in the state.

  • Looking throughout the state, Arlington is the most expensive of all Virginia's major cities, with a median two-bedroom rent of $2,070; of the 10 largest cities in the state that we have data for, Portsmouth, where a two-bedroom goes for $930, is the only major city to see rents fall year-over-year (-1.0%).
  • Arlington, Alexandria, and Richmond have all experienced year-over-year growth above the state average (4.3%, 2.9%, and 2.9%, respectively).

Chesapeake rents more affordable than many large cities nationwide

As rents have increased slightly in Chesapeake, a few large cities nationwide have also seen rents grow modestly. Chesapeake is still more affordable than most large cities across the country.

  • Chesapeake's median two-bedroom rent of $1,200 is slightly above the national average of $1,180. Nationwide, rents have grown by 0.9% over the past year compared to the 1.7% rise in Chesapeake.
  • While Chesapeake's rents rose slightly over the past year, many cities nationwide also saw increases, including Phoenix (+3.3%), New York (+2.7%), and Denver (+2.5%).
  • Renters will find more reasonable prices in Chesapeake than most large cities. For example, San Francisco has a median 2BR rent of $3,090, which is more than two-and-a-half times the price in Chesapeake.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
City Median 1BR price Median 2BR price M/M price change Y/Y price change
Virginia Beach $1,070 $1,290 0.2% 0.8%
Norfolk $790 $950 0.0% -0.0%
Chesapeake $990 $1,200 0.0% 1.7%
Newport News $840 $1,010 -0.3% 0.3%
Hampton $870 $1,050 0.1% 0.9%
Portsmouth $770 $930 0.4% -1.0%
Suffolk $890 $1,070 -3.7% -2.3%
Williamsburg $1,010 $1,210 0.1% 1.8%

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.