133 Luxury Apartments for rent in Newport News, VA

Last updated September 23 at 12:28AM
632 Claire LN
Palmer
Newport News, VA
Updated September 14 at 10:12PM
3 Bedrooms
$1,550
1138 26TH ST
Newsome
Newport News, VA
Updated September 14 at 10:13PM
4 Bedrooms
$1,100
254 Robinson DR
Watkins
Newport News, VA
Updated September 14 at 10:12PM
3 Bedrooms
$1,200
184 Pine Bluff Dr
Riverview
Newport News, VA
Updated September 21 at 5:49PM
3 Bedrooms
$1,650
374 Rivers Ridge CIR
Lees Mill
Newport News, VA
Updated September 14 at 10:13PM
2 Bedrooms
$1,050
245 Anne DR
Saunders
Newport News, VA
Updated September 22 at 6:25PM
3 Bedrooms
$1,425
1019 Hollymeade CIR
Newport News
Newport News, VA
Updated September 22 at 6:25PM
3 Bedrooms
$1,550
205 Quarter TRL
Lees Mill
Newport News, VA
Updated September 21 at 7:47PM
3 Bedrooms
$1,100
3 Rexford DR
Reservoir
Newport News, VA
Updated September 22 at 6:18PM
3 Bedrooms
$1,200
232 53RD ST
North End
Newport News, VA
Updated September 14 at 10:13PM
3 Bedrooms
$1,250
2214 Buckingham Green
Kiln Creek
Newport News, VA
Updated September 22 at 10:35AM
4 Bedrooms
$1,800
920 Kentwell CT
Colony Pines
Newport News, VA
Updated September 14 at 10:12PM
4 Bedrooms
$1,700
807 Player LN
Kiln Creek
Newport News, VA
Updated September 22 at 6:19PM
3 Bedrooms
$1,400
Nottingham Trl
Horsepoint Farm
Newport News, VA
Updated September 21 at 7:46AM
4 Bedrooms
$1,595
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Rent Report
Newport News

September 2017 Newport News Rent Report

Welcome to the September 2017 Newport News Rent Report. In this report, we'll evaluate trends in the Newport News rental market, including comparisons to similar cities nationwide.

Newport News rents increased marginally over the past month

Newport News rents have increased 0.2% over the past month, and are up moderately by 2.1% in comparison to the same time last year. Currently, median rents in Newport News stand at $830 for a one-bedroom apartment and $1,000 for a two-bedroom. This is the second straight month that the city has seen rent increases after a decline in June. Newport News' year-over-year rent growth leads the state average of 1.6%, but trails the national average of 3.0%.

Newport News rents more affordable than many large cities nationwide

Rent growth in Newport News has been relatively stable over the past year - some other large cities have seen more substantial increases. Newport News is still more affordable than most large cities across the country.

  • Other cities across the state have seen rents increase, with Virginia as a whole logging rent growth of 1.6% over the past year.
  • Newport News' median two-bedroom rent of $1,000 is below the national average of $1,160. Nationwide, rents have grown by 3.0% over the past year compared to the 2.1% rise in Newport News.
  • While rents in Newport News remained moderately stable this year, similar cities saw increases, including Seattle (+5.4%), Phoenix (+4.9%), and Denver (+3.0%); note that median 2BR rents in these cities go for $1,710, $1,020, and $1,350 respectively.
  • Renters will find more reasonable prices in Newport News than most large cities. For example, San Francisco has a median 2BR rent of $3,070, 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 $1,070 $1,290 0.3% 2.6%
Norfolk $800 $960 0.1% 2.2%
Newport News $830 $1,000 0.2% 2.1%
Hampton $860 $1,030 0.8% 2.2%
Portsmouth $770 $930 -0.3% 3.3%
Williamsburg $960 $1,150 -0.9% -4.4%

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.