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18 Studio Apartments for rent in Newport News, VA

Last updated November 17 at 10:13pm UTC
472 Denbigh Boulevard
Warwick Lawns
Newport News, VA
Updated November 17 at 9:56pm UTC
Studio
$1,270
2911 Chestnut Avenue
Washington
Newport News, VA
Updated November 15 at 11:53am UTC
Studio
$300
520 Bellwood Rd
Hudson Terrace
Newport News, VA
Updated November 8 at 8:43pm UTC
Studio
$589
Results within 5 miles of Newport News, VA
Results within 10 miles of Newport News, VA
The Lafayette
4601 Mayflower Rd
Norfolk, VA
Updated November 17 at 10:33am UTC
Studio
$809
The Loraine
245 Granby Street
Norfolk, VA
Updated November 17 at 10:13pm UTC
Studio
$983
Bondale Apartments
7603 Bondale Ave
Norfolk, VA
Updated November 17 at 10:13pm UTC
Studio
$715

November 2018 Newport News Rent Report

Welcome to the November 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

November 2018 Newport News Rent Report

Welcome to the November 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 significantly over the past month

Newport News rents have declined 0.4% over the past month, but have remained steady at 0.2% 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 lags the state average of 1.4%, as well as the national average of 1.1%.

Rents rising across cities in Virginia

Throughout the past year, rents have remained steady in the city of Newport News, but other cities across the entire state have seen rents increase. 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 1.4% 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 $2,080; of the 10 largest cities in Virginia that we have data for, Portsmouth and Virginia Beach, where two-bedrooms go for $920 and $1,290, are the only two major cities in the state to see rents fall year-over-year (-0.8% and -0.1%).
  • Arlington, Richmond, and Alexandria have all experienced year-over-year growth above the state average (2.7%, 2.6%, and 1.8%, respectively).

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; in contrast, rents in a few cities have actually declined. 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 $1,180. Nationwide, rents have grown by 1.1% over the past year compared to the stagnant growth in Newport News.
  • While rents in Newport News remained moderately stable this year, similar cities saw increases, including Phoenix (+3.0%), Atlanta (+1.5%), and New York (+1.5%); note that median 2BR rents in these cities go for $1,050, $1,190, and $2,520 respectively.
  • Renters will find more reasonable prices in Newport News than most large cities. For example, San Francisco has a median 2BR rent of $3,100, 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% -0.1%
Norfolk $790 $950 -0.1% 0.1%
Chesapeake $990 $1,190 0.2% 1.2%
Newport News $840 $1,010 -0.4% 0.2%
Hampton $870 $1,050 0.2% 0.5%
Portsmouth $760 $920 1.0% -0.8%
Suffolk $920 $1,100 0.3% 1.7%
Williamsburg $1,010 $1,200 0.7% 2.5%

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.