420 Luxury Apartments for rent in Virginia Beach, VA

Last updated November 23 at 2:24pm UTC
2933 Sandpiper RD
Sandbridge
Virginia Beach, VA
Updated November 23 at 12:06pm UTC
4 Bedrooms
$1,900
893 Gem CT
Northwest Virginia Beach
Virginia Beach, VA
Updated October 28 at 2:26am UTC
3 Bedrooms
$1,600
4333 Tressle View PL
North Central
Virginia Beach, VA
Updated October 28 at 2:31am UTC
4 Bedrooms
$2,300
936 Nichols Ridge RD
Virginia Beach
Virginia Beach, VA
Updated November 22 at 2:29am UTC
4 Bedrooms
$1,750
920 Hunley Drive
Towne Square
Virginia Beach, VA
Updated September 26 at 3:54am UTC
3 Bedrooms
$1,750
3704 Castlewood DR
Virginia Beach
Virginia Beach, VA
Updated November 23 at 1:57am UTC
3 Bedrooms
$1,495
1637 Forest Fern CIR
Virginia Beach
Virginia Beach, VA
Updated October 24 at 3:49am UTC
4 Bedrooms
$2,250
3132 GUARDHOUSE CIRCLE
Virginia Beach
Virginia Beach, VA
Updated October 28 at 11:11am UTC
3 Bedrooms
$1,795
846 Devereaux DR
Towne Square
Virginia Beach, VA
Updated October 30 at 6:50pm UTC
3 Bedrooms
$1,675
4405 Glen Ellert Court
Virginia Beach
Virginia Beach, VA
Updated November 14 at 10:51am UTC
3 Bedrooms
$1,575
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November 2017 Virginia Beach Rent Report

Welcome to the November 2017 Virginia Beach Rent Report. Virginia Beach rents remained steady 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

November 2017 Virginia Beach Rent Report

Welcome to the November 2017 Virginia Beach Rent Report. Virginia Beach rents remained steady 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 rent trends were flat over the past month

Virginia Beach rents have remained flat over the past month, however, they have increased slightly by 1.8% year-over-year. Currently, median rents in Virginia Beach stand at $1,070 for a one-bedroom apartment and $1,290 for a two-bedroom. Virginia Beach's year-over-year rent growth leads the state average of 1.0%, but trails the national average of 2.7%.

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, all of them have seen prices rise. The state as a whole logged rent growth of 1.0% 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 $2,030; of the 10 largest Virginia cities that we have data for, all have seen rents rise year-over-year, with Newport News experiencing the fastest growth (+3.4%).
  • Chesapeake, Portsmouth, and Virginia Beach have all experienced year-over-year growth above the state average (2.3%, 2.0%, and 1.8%, respectively).

Virginia Beach rents more affordable than many large cities nationwide

As rents have increased slightly in Virginia Beach, 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 $1,160. Nationwide, rents have grown by 2.7% over the past year compared to the 1.8% increase in Virginia Beach.
  • While Virginia Beach's rents rose slightly over the past year, many cities nationwide saw more substantial increases, including Seattle (+4.2%), Phoenix (+4.1%), and Dallas (+2.6%).
  • 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 -0.1% 1.8%
Norfolk $790 $950 -0.4% 1.6%
Chesapeake $980 $1,180 2.3%
Newport News $840 $1,010 0.6% 3.4%
Hampton $860 $1,040 0.3% 1.6%
Portsmouth $770 $930 0.1% 2.0%
Williamsburg $990 $1,170 0.8% -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.