179 Cheap Apartments for rent in Virginia Beach, VA

Last updated September 21 at 7:33PM
1050 Commonwealth Pl
Level Green
Virginia Beach, VA
Updated September 16 at 9:54AM
2 Bedrooms
$1,025
5242 BREEZEWOOD ARCH
Virginia Beach
Virginia Beach, VA
Updated September 14 at 10:13PM
2 Bedrooms
$975
5342 Palmyra CT
Virginia Beach
Virginia Beach, VA
Updated September 21 at 7:33PM
2 Bedrooms
$1,050
4231 Thalia Station CIR
North Central
Virginia Beach, VA
Updated September 15 at 4:28AM
2 Bedrooms
$950
4179 Thalia Station CIR
North Central
Virginia Beach, VA
Updated September 14 at 10:12PM
2 Bedrooms
$900
917 Pacific Ave
Northeast Virginia Beach
Virginia Beach, VA
Updated September 21 at 6:12PM
1 Bedroom
$975
146 Morrison Ave
North Central
Virginia Beach, VA
Updated September 14 at 10:12PM
2 Bedrooms
$995
8710 Atlantic AVE
North Virginia Beach
Virginia Beach, VA
Updated September 14 at 10:12PM
2 Bedrooms
$975
350 Colony Pines CT
North Central
Virginia Beach, VA
Updated September 14 at 10:12PM
3 Bedrooms
$1,065
3212 Arctic
Northeast Virginia Beach
Virginia Beach, VA
Updated September 16 at 10:47AM
Studio
$1,025
2768 Shore Dr
Northeast Virginia Beach
Virginia Beach, VA
Updated September 14 at 10:11PM
1 Bedroom
$1,000
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Rent Report
Virginia Beach

September 2017 Virginia Beach Rent Report

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

Virginia Beach rents increased moderately over the past month

Virginia Beach rents have increased 0.3% over the past month, and are up moderately by 2.6% in comparison to the same time last year. Currently, median rents in Virginia Beach stand at $1,070 for a one-bedroom apartment and $1,290 for a two-bedroom. This is the seventh straight month that the city has seen rent increases after a decline in January. Virginia Beach's year-over-year rent growth leads the state average of 1.6%, but trails the national average of 3.0%.

Virginia Beach rents more affordable than many large cities nationwide

Rent growth in Virginia Beach has been relatively stable over the past year - some other large cities have seen more substantial increases. Virginia Beach 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.
  • Virginia Beach's median two-bedroom rent of $1,290 is above the national average of $1,160. Nationwide, rents have grown by 3.0% over the past year compared to the 2.6% rise in Virginia Beach.
  • While rents in Virginia Beach 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 Virginia Beach than most large cities. For example, San Francisco has a median 2BR rent of $3,070, which is more than twice the price in Virginia Beach.

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.