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146 Cheap Apartments for rent in Virginia Beach, VA

Last updated December 11 at 1:16pm UTC
Courtyards at Chanticleer
1421 Automne Cir
Virginia Beach, VA
Updated December 11 at 1:14pm UTC
1 Bedroom
$859
2 Bedrooms
$987
3 Bedrooms
$1,176
Baker Crossing
631 Lake Edward Dr
Virginia Beach, VA
Updated December 11 at 1:14pm UTC
1 Bedroom
$865
2 Bedrooms
$955
3 Bedrooms
$1,290
Indian Lakes Apartments
1601 Hiawatha Dr
Virginia Beach, VA
Updated December 11 at 11:38am UTC
1 Bedroom
$939
2 Bedrooms
$1,129
Ashbrook Apartments
205 Silverbrook Ln
Virginia Beach, VA
Updated December 10 at 4:37pm UTC
Studio
Ask
1 Bedroom
$999
2 Bedrooms
$1,295
1008 River Birch Ct
Northeast Virginia Beach
Virginia Beach, VA
Updated December 11 at 11:58am UTC
Studio
$945
418 Burr Oak Court
Northeast Virginia Beach
Virginia Beach, VA
Updated December 11 at 2:01am UTC
3 Bedrooms
$1,050
2217 Pine Shore Court
Northwest Virginia Beach
Virginia Beach, VA
Updated December 11 at 1:46am UTC
2 Bedrooms
$1,000
5407 Campus Drive
Northwest Virginia Beach
Virginia Beach, VA
Updated December 11 at 2:40am UTC
2 Bedrooms
$995
3516 Markham Court
Green Run
Virginia Beach, VA
Updated December 8 at 2:14pm UTC
2 Bedrooms
$950
5624 Summit Arch
Northwest Virginia Beach
Virginia Beach, VA
Updated December 11 at 2:27am UTC
2 Bedrooms
$975
608 Spire Court
Northwest Virginia Beach
Virginia Beach, VA
Updated December 11 at 2:27am UTC
2 Bedrooms
$1,000
806 Spencer Court
Northeast Virginia Beach
Virginia Beach, VA
Updated December 11 at 2:27am UTC
1 Bedroom
$1,000
513 Peregrine Street
Northwest Virginia Beach
Virginia Beach, VA
Updated December 11 at 2:27am UTC
2 Bedrooms
$975

December 2018 Virginia Beach Rent Report

Welcome to the December 2018 Virginia Beach Rent Report. Virginia Beach rents increased over the past month. In this report, we'll evaluate trends in the Virginia Beach rental market, including comparisons to cities throughout the state and nation.

View full Virginia Beach Rent Report
Rent Report
Virginia Beach

December 2018 Virginia Beach Rent Report

Welcome to the December 2018 Virginia Beach Rent Report. Virginia Beach rents increased over the past month. In this report, we'll evaluate trends in the Virginia Beach rental market, including comparisons to cities throughout the state and nation.

Virginia Beach rents increased slightly over the past month

Virginia Beach rents have increased 0.2% over the past month, and are up marginally by 0.5% 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 second straight month that the city has seen rent increases after a decline in September. Virginia Beach's year-over-year rent growth lags the state average of 1.8%, as well as the national average of 1.3%.

Rents rising across cities in Virginia

Throughout the past year, rent increases have been occurring not just in the city of Virginia Beach, 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 1.8% 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 Norfolk, where two-bedrooms go for $930 and $950, are the only two major cities in the state to see rents fall year-over-year (-0.6% and -0.1%).
  • Arlington, Richmond, and Alexandria have all experienced year-over-year growth above the state average (3.4%, 2.9%, and 2.0%, respectively).

Virginia Beach rents more affordable than many large cities nationwide

As rents have increased marginally in Virginia Beach, a few large cities nationwide have seen rents grow more quickly. Virginia Beach is still more affordable than most large cities across the country.

  • Virginia Beach's median two-bedroom rent of $1,290 is above the national average of $1,180. Nationwide, rents have grown by 1.3% over the past year compared to the 0.5% rise in Virginia Beach.
  • While Virginia Beach's rents rose marginally over the past year, the city of Seattle saw a decrease of 0.4%.
  • Renters will find more reasonable prices in Virginia Beach than most large cities. For example, San Francisco has a median 2BR rent of $3,100, 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 0.2% 0.5%
Norfolk $790 $950 -0.0% -0.1%
Chesapeake $990 $1,200 0.2% 1.4%
Newport News $840 $1,010 -0.4% 0.1%
Hampton $870 $1,050 0.3% 0.6%
Portsmouth $770 $930 0.7% -0.6%
Suffolk $920 $1,110 0.4% 1.9%
Williamsburg $1,010 $1,210 0.2% 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.