9 Cheap Apartments for rent in Williamsburg, VA

Last updated August 21 at 2:29pm UTC
285 Merrimac Trail #6
Williamsburg
Williamsburg, VA
Updated August 10 at 9:35am UTC
2 Bedrooms
$925
508 Dunning Street
Williamsburg
Williamsburg, VA
Updated August 7 at 10:07pm UTC
1 Bedroom
$795
1302B Moses Lane
Williamsburg
Williamsburg, VA
Updated August 5 at 9:17am UTC
1 Bedroom
$900
321 Lees Mill Drive
Lees Mill
Newport News, VA
Updated August 1 at 3:11am UTC
2 Bedrooms
$925
305 N Boundary St
Walnut Hills
Williamsburg, VA
Updated July 19 at 5:17pm UTC
1 Bedroom
$700
321 Lees Mill Dr
Lees Mill
Newport News, VA
Updated August 1 at 5:13pm UTC
2 Bedrooms
$925
Results within 10 miles of Williamsburg, VA
4003 Governors Square
Williamsburg
Williamsburg, VA
Updated August 5 at 5:14pm UTC
2 Bedrooms
$925
4006 Governors Square
Williamsburg
Williamsburg, VA
Updated August 3 at 1:11am UTC
2 Bedrooms
$895

August 2018 Williamsburg Rent Report

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

View full Williamsburg Rent Report
Rent Report
Williamsburg

August 2018 Williamsburg Rent Report

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

Williamsburg rents decline sharply over the past month

Williamsburg rents have declined 0.7% over the past month, but have increased moderately by 3.0% in comparison to the same time last year. Currently, median rents in Williamsburg stand at $1,000 for a one-bedroom apartment and $1,190 for a two-bedroom. Williamsburg's year-over-year rent growth leads the state average of 0.5%, as well as the national average of 1.2%.

Rents rising across cities in Virginia

Throughout the past year, rent increases have been occurring not just in the city of Williamsburg, but across the entire state. Of the largest 10 cities that we have data for in Virginia, 7 of them have seen prices rise. The state as a whole logged rent growth of 0.5% 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 $2,090; of the 10 largest cities in Virginia that we have data for, Portsmouth, Norfolk, and Virginia Beach, where two-bedrooms go for $920, $950, and $1,280, respectively, are the three major cities in the state to see rents fall year-over-year (-1.9%, -0.7%, and -0.2%).
  • Suffolk, Richmond, and Hampton have all experienced year-over-year growth above the state average (2.4%, 2.2%, and 2.2%, respectively).

Williamsburg rents more affordable than many large cities nationwide

As rents have increased moderately in Williamsburg, large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Williamsburg is still more affordable than most large cities across the country.

  • Williamsburg's median two-bedroom rent of $1,190 is slightly above the national average of $1,180. Nationwide, rents have grown by 1.2% over the past year compared to the 3.0% increase in Williamsburg.
  • While Williamsburg's rents rose moderately over the past year, some cities nationwide saw decreases, including Seattle (-2.4%) and Minneapolis (-0.4%).
  • Renters will find more reasonable prices in Williamsburg than most large cities. For example, San Francisco has a median 2BR rent of $3,090, which is more than two-and-a-half times the price in Williamsburg.

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 $1,280 -0.3% -0.2%
Norfolk $790 $950 0.0% -0.7%
Chesapeake $990 $1,190 -0.0% 1.5%
Newport News $840 $1,010 0.5% 1.5%
Hampton $870 $1,040 -0.2% 2.2%
Portsmouth $760 $920 -1.2% -1.9%
Suffolk $920 $1,110 -0.2% 2.4%
Williamsburg $1,000 $1,190 -0.7% 3.0%

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.