Apartments in Virginia Beach Town Center

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65
$1,135
888 S Clb Virginia Beach, VA
2 BR | Ask for Availability
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7
$2,099
3745 Edenberry Ct Virginia Beach, VA
3 BR | Dec. 20, 2024
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19
$2,195
Virginia Beach, VA
3 BR | Available Now
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$2,495
Virginia Beach, VA
3 BR | Available Now
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$1,800
741 Harbor Springs Trl Virginia Beach, VA
2 BR | Available Now
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13
$1,399 - 2,149
3700 Snowdrift Cir Virginia Beach, VA
1 - 3 BR | Available Now
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Section 8
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$1,800
3449 Waltham Cir Virginia Beach, VA
2 BR | Available Now
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26
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3816 Banyan Grove Lane Virginia Beach, VA
1 - 3 BR | Available Now
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16
$1,700
Virginia Beach, VA
3 BR | Available Now
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15
$2,275
4180 Thistle Cir Virginia Beach, VA
4 BR | Available Now
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16
$2,000
813 Mission Ave Virginia Beach, VA
3 BR | Available Now
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$2,825
924 Arkley Dr Virginia Beach, VA
3 BR | Available Now
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$2,500
4553 Plumstead Dr Virginia Beach, VA
3 BR | Available Now
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32
$2,495
937 Canterwood Ct Virginia Beach, VA
3 BR | Available Now
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Virginia Beach:
November Rent Report

Welcome to the November 2024 Virginia Beach Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the November 2024 key findings and figures for the Virginia Beach rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Virginia Beach and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Virginia Beach average rent prices in the chart below.

Monthly Rent Report

$1,750
$1,310
$880
$440
$0
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
Jul. 2024
Aug. 2024
Sep. 2024
Oct. 2024
Nov. 2024
1 BR       2 BR

Virginia Beach Rent Prices Decrease From October to November

Virginia Beach rent prices decreased over the last month. From October to November, the city experienced a -0.81% decrease for the price of a one-bedroom apartment. The rent price for a Virginia Beach one-bedroom apartments currently stands at $1,478.0.

When we take a look at the two-bedroom comparison from October to November, Virginia Beach experienced a 0.24% increase for the price of a two-bedroom apartment. The rent price for a Virginia Beach two-bedroom apartments currently stands at $1,648.0.

November Prices: Virginia Beach vs. Surrounding Areas

Chesapeake, VA
Virginia Beach, VA
Norfolk, VA
Hampton, VA
Portsmouth, VA
Newport News, VA
$1,672
$1,490
$1,422
$1,387
$1,269
$1,262
$0
$550
$1,100
$1,650
$2,200
Median 1 BR Rent

Rent Prices in Virginia Beach and Surrounding Areas

Rent prices have decreased in Virginia Beach over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 4 of the Virginia Beach suburbs increased last month. On the other hand, 1 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Norfolk, VA, Newport News, VA, Hampton, VA, Chesapeake, VA .

  • Rent decreased in Portsmouth, VA.

  • 1 suburb is currently priced higher than the city of Virginia Beach.

  • 4 suburbs are currently priced lower than the city of Virginia Beach.

November 2024 Pricing Trends: Virginia Beach vs. National Comparisons

New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Virginia Beach, VA
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
$4,211
$3,115
$2,373
$2,354
$1,903
$1,490
$1,338
$1,246
$1,202
$0
$1,400
$2,800
$4,200
$5,600
Median Rent

Virginia Beach Rent Prices More Affordable Than Major Cities

Rent growth in Virginia Beach over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Virginia Beach average rent prices appear to be relatively affordable for local residents.

The price for a Virginia Beach one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Virginia Beach and surrounding area rent prices, take a look at the complete data set below.

Data set for Virginia Beach and suburbs

1 BR November 1 BR M/M % Change 2 BR November 2 BR M/M % Change
Norfolk, VA $1,422.0 1.28% $1,685.0 1.14%
Virginia Beach, VA $1,490.0 -1.00% $1,644.0 -0.42%
Newport News, VA $1,262.0 1.61% $1,341.0 -3.94%
Hampton, VA $1,387.0 1.32% $1,707.0 1.01%
Chesapeake, VA $1,672.0 1.70% $1,799.0 3.51%
Portsmouth, VA $1,269.0 -0.31% $1,163.0 -1.19%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.