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Average Rent in Newport News, VA

Home  »  VA  »  Newport News

Current Versus Historical Newport News, VA Rents

Newport News rentals average $0 for a 1-bedroom rental to $2,873 for a 4-bedroom rental. The median price of all currently available listings is $1,788, or roughly $1 per square feet.
For the apartment units and housing in May 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $1 (8.00%) year-over-year from $17 to $18. 1-bedroom rentals prices have increased by $469 (35.27%) year-over-year from $1,329 to $1,798. 2-bedroom rentals prices have increased by $68 (5.13%) year-over-year from $1,332 to $1,400. 3-bedroom rentals prices have increased by $385 (22.78%) year-over-year from $1,690 to $2,075. 4-bedroom rentals prices have increased by $602 (28.01%) year-over-year from $2,148 to $2,750. Note that this figure includes all active and rented listings throughout the month.
Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 0.00% this month. 1-bedroom rents have gone up by 20.27% this month. 2-bedroom rents have gone down by 3.43% this month. 3-bedroom rents have gone up by 9.46% this month. 4-bedroom rents have gone up by 15.47% this month.
Beds
Price / Sqft
 May 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
2 BR $1.32 $1,400 $1,332 (5.13%) $1,263 (10.82%)
3 BR $1.31 $2,075 $1,690 (22.78%) $1,571 (32.10%)
4+ BR $1.44 $2,750 $2,148 (28.01%) $1,700 (61.76%)

Historical Rents in Newport News, VA

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Newport News

There are a total of 3 cities nearby Newport News. The average rent in Newport News is currently $1,513 per month. A total of 2 cities nearby have an average rent lower than that. Our records show that Portsmouth, VA, with an average rent of $1,450, is the most affordable city nearby. In contrast, the most expensive city near Newport News, VA is Chesapeake, VA. Monthly rents here are on average $2,348 per month.

Let's compare Newport News, VA's rent against other top cities nearby by bedroom size. One bedrooms are about inf% more affordable. Two bedrooms in Newport News, VA are about 3.85% more affordable. Finally, rent for three bedrooms are about 0.52% more affordable. Want more information? Check out the top 3 cities near Newport News, VA in the following chart.
City Studio 1 Bed 2 Bed All
Portsmouth, VA N/A $1,050 $1,328 $1,450
Norfolk, VA N/A $1,050 $1,350 $1,513
Chesapeake, VA N/A $1,150 $1,745 $2,348

Top Neighborhoods Near Newport News



View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All

Top Counties Near Newport News

Some of these counties include Portsmouth, VA, Norfolk, VA, and Chesapeake, VA. The average rent for rentals in these counties is $1,500. That's roughly around $1 per sqft. A total of 2 counties have a lower average rent. The county that is the most affordable is Portsmouth, VA. It's average rent per month is $1,450. Vice versa, with an average rent of $2,348, Chesapeake, VA is the most expensive county by Newport News, VA.

In comparison, rent for one bedroom listings in Newport News, VA is inf% more affordable than other counties nearby. Finally, rent for two bedrooms in Newport News, VA is 2.12% more affordable than other counties nearby. We've listed all of these counties in the chart below.
County Studio 1 Bed 2 Bed All
Portsmouth, VA N/A $1,050 $1,328 $1,450
Norfolk, VA N/A $1,050 $1,300 $1,500
Chesapeake, VA N/A $1,150 $1,745 $2,348

Top Zipcodes Near Newport News

There is one zipcode in or near Newport News, VA. The average rent for this zipcode is $1,398.

The following chart includes the zipcode in or near Newport News, VA. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
23503, Norfolk, VA N/A $1,050 $1,300 $1,398

Frequently Asked Questions - Newport News Average Rents

What is the average rent price in Newport News, VA?
The average monthly rental price for Newport News, VA apartments for rent is approximately $1,788. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Newport News, VA rent prices drop in winter?
Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Newport News, VA.
How much is a studio apartment in Newport News, VA?
The average monthly rental price for studio apartments is $0 and an average price per square feet of $0.00. There are a total of 0 studio apartment listings currently available for rent in Newport News.
How much is a one bedroom apartment in Newport News, VA?
The average monthly rental price for one bedroom apartments is $0 and an average price per square feet of $0.00. There are a total of 1 one bedroom apartment listings currently available for rent in Newport News.
How much is a two bedroom apartment in Newport News, VA?
The average monthly rental price for two bedroom apartments is $1,300 and an average price per square feet of $1.32. There are a total of 13 two bedroom apartment listings currently available for rent in Newport News.
How have rent prices in Newport News, VA changed this year?
Rent prices for rentals in Newport News, VA can fluctuate yearly. Specifically, studio rental prices have changed by 0.08%, one bedroom rental prices have changed by 0.35%, two bedroom rental prices have changed by 0.05%, and three bedroom rental prices have changed by 0.23% year-over-year.
What is a reasonable rent price in Newport News, VA?
A reasonable rent price in Newport News, VA is around $1,430/month. You can search for these reasonably priced rental listings on RentHop.
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