165 Luxury Apartments for rent in Newport News, VA

Last updated May 26 at 11:27am UTC
1 Bonita DR
Nicewood
Newport News, VA
Updated May 26 at 11:27am UTC
3 Bedrooms
$1,525
334 Pear Ridge CIR
Denbigh
Newport News, VA
Updated May 26 at 11:27am UTC
3 Bedrooms
$1,150
613 Harpersville RD
Watkins
Newport News, VA
Updated May 26 at 11:26am UTC
3 Bedrooms
$1,190
623 Lafayette TER
Hudson Terrace
Newport News, VA
Updated May 26 at 11:26am UTC
3 Bedrooms
$1,000
57 Sycamore AVE
Wilson
Newport News, VA
Updated May 26 at 11:26am UTC
3 Bedrooms
$1,200
242 Poplar AVE
Wilson
Newport News, VA
Updated May 26 at 11:26am UTC
3 Bedrooms
$1,000
2628 Autumn CIR
Boulevard
Newport News, VA
Updated May 26 at 11:26am UTC
3 Bedrooms
$1,350
104 Maxwell LN
Yates
Newport News, VA
Updated May 26 at 11:26am UTC
3 Bedrooms
$1,295
922 13th ST
Christopher Shores
Newport News, VA
Updated May 26 at 11:26am UTC
4 Bedrooms
$1,150
712 30th ST
Marshall
Newport News, VA
Updated May 26 at 11:26am UTC
3 Bedrooms
$1,150
856 Yorkshire LN
Colony Pines
Newport News, VA
Updated May 26 at 11:26am UTC
3 Bedrooms
$1,600
707 Chatsworth DR
Swansea Manor
Newport News, VA
Updated May 26 at 11:26am UTC
3 Bedrooms
$1,250
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May 2018 Newport News Rent Report

Welcome to the May 2018 Newport News Rent Report. Newport News rents declined over the past month. In this report, we'll evaluate trends in the Newport News rental market, including comparisons to cities throughout the state and nation.

View full Newport News Rent Report
Rent Report
Newport News

May 2018 Newport News Rent Report

Welcome to the May 2018 Newport News Rent Report. Newport News rents declined over the past month. In this report, we'll evaluate trends in the Newport News rental market, including comparisons to cities throughout the state and nation.

Newport News rents declined slightly over the past month

Newport News rents have declined 0.3% over the past month, but have increased slightly by 1.5% in comparison to the same time last year. Currently, median rents in Newport News stand at $840 for a one-bedroom apartment and $1,010 for a two-bedroom. Newport News' year-over-year rent growth leads the state average of 0.9%, but is in line with the national average of 1.5%.

Rents rising across cities in Virginia

Throughout the past year, rent increases have been occurring not just in the city of Newport News, but across the entire state. Of the largest 10 cities that we have data for in Virginia, 9 of them have seen prices rise. The state as a whole logged rent growth of 0.9% 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 $2,020; of the 10 largest Virginia cities that we have data for, 9 have seen rents rise year-over-year, with Richmond experiencing the fastest growth (+3.1%).
  • Chesapeake, Hampton, and Newport News have all experienced year-over-year growth above the state average (2.0%, 1.6%, and 1.5%, respectively).

Newport News rents more affordable than many large cities nationwide

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

  • Newport News' median two-bedroom rent of $1,010 is below the national average of $1,170. Nationwide, rents have grown by 1.5% over the past year, which matches the increase in Newport News.
  • While Newport News' rents rose slightly over the past year, many cities nationwide also saw increases, including Phoenix (+2.3%), Atlanta (+1.9%), and Denver (+1.6%).
  • Renters will find more reasonable prices in Newport News than most large cities. For example, San Francisco has a median 2BR rent of $3,060, which is more than three times the price in Newport News.

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 $1,060 $1,280 0.3% 1.5%
Norfolk $790 $950 -0.1% 0.4%
Chesapeake $990 $1,190 0.0% 2.0%
Newport News $840 $1,010 -0.3% 1.5%
Hampton $860 $1,040 0.5% 1.6%
Portsmouth $760 $920 -0.1% 0.6%
Suffolk $900 $1,090 -0.0% 0.3%
Williamsburg $990 $1,180 0.2% 0.3%

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.