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Rental market trends in Virginia Beach, VA

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Average Rent in Virginia Beach, VA

Average Rent in Virginia Beach, VA

Avg. RentAnnual Change
Studio - $1,707+40%
1 Bed - $1,468+3%
2 Beds - $1,626+5%
Last updated 2/23/2024

Average Apartment Cost in Virginia Beach, VA

The average rent for apartments in Virginia Beach, VA, is between $1,468 and $1,707 in 2024. For a studio apartment in Virginia Beach, VA, the average rent is $1,707. When it comes to 1-bedroom apartments, the average rent in Virginia Beach, VA, is $1,468. For a 2-bedroom apartment, the average rent is $1,626.

Apartment Rent Ranges in Virginia Beach, VA

Apartment PricesProportion
0%
0%
7%
41%
52%

Neighborhood Apartment Rent Trends in Virginia Beach, VA

NeighborhoodStudio Avg RentAnnual Change
Oceanfront$1,807+61%
Bayside$1,710-9%
Neighborhood1 Bed Avg RentAnnual Change
Red Mill Farm$1,675--
Lakewood$1,600--
Kempsville$1,550--
Ocean Park$1,550--
Towne Square$1,525--
Bayside$1,519+27%
Windsor Oaks West$1,485+1%
Little Neck$1,480-14%
King's Grant$1,480-14%
Holland$1,460-4%
Lynnhaven$1,436-1%
Green Run$1,430+4%
Great Neck$1,347-5%
Lake Edward$1,325+18%
Bayfront$1,210-30%
Chic's Beach$1,210-1%
London Bridge$1,154+27%
North Virginia Beach$1,000-33%
Neighborhood2 Beds Avg RentAnnual Change
Ocean Park$1,995-9%
Red Mill Farm$1,952+2%
Lakewood$1,795+20%
Windsor Oaks West$1,742+4%
Towne Square$1,720--
Bayside$1,714+20%
Lynnhaven$1,641+2%
Holland$1,6350%
King's Grant$1,612+8%
North Virginia Beach$1,600--
Fairfield$1,595+1%
Kempsville$1,550--
Green Run$1,515+3%
Salem$1,500-6%
Lake Edward$1,477+11%
Great Neck$1,451-4%
London Bridge$1,377+4%
Shadowlawn$1,350--
Bayfront$1,308-36%
Chic's Beach$1,3080%
Little Neck$1,295-14%
Diamond Springs$1,150-6%

How Other Cities Compare to Virginia Beach, VA

CityStudio Avg RentAnnual Change
Yorktown$2,010-1%
Hampton$1,927+45%
Chesapeake$1,710-5%
Norfolk$1,499+10%
Newport News$1,480+14%
Portsmouth$1,3950%
Williamsburg$1,205-2%
Cape Charles$999--
City1 Bed Avg RentAnnual Change
Williamsburg$1,741+8%
Cape Charles$1,695--
Carrollton$1,541-5%
Yorktown$1,475+5%
Norfolk$1,350+13%
Chesapeake$1,344+8%
Hampton$1,278-9%
Newport News$1,250+1%
Suffolk$1,097-23%
Portsmouth$950+3%
City2 Beds Avg RentAnnual Change
Moyock$1,800--
Cape Charles$1,795--
Chesapeake$1,660+15%
Carrollton$1,569-11%
Suffolk$1,530-7%
Williamsburg$1,433-6%
Newport News$1,414-2%
Hampton$1,377+6%
Norfolk$1,298+8%
Portsmouth$1,195+7%
Yorktown$1,195-15%
Elizabeth City$1,141--
Gloucester$1,100+29%

Virginia Beach, VA Rent Trends

Studio1 Bed2 Beds
Feb 2023Mar 2023Apr 2023May 2023Jun 2023Jul 2023Aug 2023Sep 2023Oct 2023Nov 2023Dec 2023Jan 2024Feb 2024
$1219$1415$1415$1567$1560$1567$1567$1567$1567$1560$1707$1707$1415
$1410$1420$1425$1432$1438$1447$1447$1447$1445$1432$1472$1475$1475
$1567$1582$1565$1555$1589$1612$1622$1637$1620$1632$1647$1631$1635
$1880$1917$1927$1850$1942$1997$2020$2031$1885$1980$2037$2050$2047

Neighborhood Information for Virginia Beach, VA

What are the most affordable neighborhoods in Virginia Beach, VA?

The most affordable neighborhoods in Virginia Beach are Diamond Springs, where the average 1-bedroom apartment rent goes for $975, North Virginia Beach, where renters pay $1,000 on average for a 1-bedroom apartment, and London Bridge, where the average 1-bedroom apartment rent goes for $1,154. If you're looking for other great deals, check out the listings in Bayfront ($1,210 for a 1-bedroom apartment) or Chic's Beach ($1,210 for a 1-bedroom apartment), compared to the $1,468 average for a Virginia Beach 1-bedroom apartment.

What are the most expensive neighborhoods in Virginia Beach, VA?

The most affordable neighborhoods in Virginia Beach are Oceanfront, where the average 1-bedroom apartment rent goes for $1,950, Red Mill Farm, where renters pay $1,675 on average for a 1-bedroom apartment, and Lakewood, where the average 1-bedroom apartment rent goes for $1,600. If you're looking for other great deals, check out the listings in Kempsville ($1,550 for a 1-bedroom apartment) or Ocean Park ($1,550 for a 1-bedroom apartment), compared to the $1,468 average for a Virginia Beach 1-bedroom apartment.

What are the most popular neighborhoods in Virginia Beach, VA?

The most popular neighborhoods in Virginia Beach are Lake Edward, where the average 1-bedroom apartment rent goes for $1,325, Diamond Springs, where renters pay $975 on average for a 1-bedroom apartment, and Kempsville, where the average 1-bedroom apartment rent goes for $1,550. If you're looking for other popular neighborhoods, check out the listings in Bayside ($1,519 for a 1-bedroom apartment) or Little Neck ($1,480 for a 1-bedroom apartment), compared to the $1,468 average for a Virginia Beach 1-bedroom apartment.

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  • The Choices at Holland Windsor property

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