Average Rent in Virginia Beach, VA

Current Versus Historical Virginia Beach, VA Rents

Virginia Beach rentals average $1,550 for a 1-bedroom rental to $2,995 for a 4-bedroom rental. The median price of all currently available listings is $2,095, or roughly $1 per square feet.

For the apartment units and housing in April 2024, median rents have fallen substantiallyover the last year. Studio rentals prices have decreased by $514 (-88.01%) year-over-year from $584 to $70. 1-bedroom rentals prices have decreased by $310 (-17.21%) year-over-year from $1,803 to $1,493. 2-bedroom rentals prices have increased by $62 (3.78%) year-over-year from $1,633 to $1,695. 3-bedroom rentals prices have increased by $80 (3.96%) year-over-year from $2,020 to $2,100. 4-bedroom rentals prices have increased by $237 (8.89%) year-over-year from $2,663 to $2,900. 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 75.83% this month. 1-bedroom rents have gone up by 9.54% this month. 2-bedroom rents have gone up by 4.09% this month. 3-bedroom rents have gone up by 0.96% this month. 4-bedroom rents have gone up by 6.16% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$2.17	$1,493	$1,803 (-17.21%)	$1,739 (-14.15%)
2 BR	$1.63	$1,695	$1,633 (3.78%)	$1,370 (23.72%)
3 BR	$1.39	$2,100	$2,020 (3.96%)	$1,698 (23.71%)
4+ BR	$1.36	$2,900	$2,663 (8.89%)	$2,330 (24.46%)

Historical Rents in Virginia Beach, VA

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Virginia Beach

There are a total of 3 cities nearby Virginia Beach. The average rent in Virginia Beach is currently $1,500 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 $1,473, is the most affordable city nearby. In contrast, the most expensive city near Virginia Beach, VA is Chesapeake, VA. Monthly rents here are on average $2,173 per month.

Let's compare Virginia Beach, VA's rent against other top cities nearby by bedroom size. One bedrooms are about 34.03% more expensive. Two bedrooms in Virginia Beach, VA are about 25.18% more expensive. Finally, rent for three bedrooms are about 8.24% more expensive. Want more information? Check out the top 3 cities near Virginia Beach, VA in the following chart.

City	Studio	1 Bed	2 Bed	All
Portsmouth, VA	N/A	$1,023	$1,250	$1,473
Norfolk, VA	N/A	$1,015	$1,300	$1,500
Chesapeake, VA	N/A	$1,150	$1,650	$2,173

Top Neighborhoods Near Virginia Beach

View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near Virginia Beach

Some of these counties include Portsmouth, VA, Norfolk, VA, and Virginia Beach, VA. The average rent for rentals in these counties is $1,798. That's roughly around $1 per sqft. A total of 3 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 $2,173, Chesapeake, VA is the most expensive county by Virginia Beach, VA.

In comparison, rent for one bedroom listings in Virginia Beach, VA is 29.92% more expensive than other counties nearby. Finally, rent for two bedrooms in Virginia Beach, VA is 15.11% more expensive 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	$1,023	$1,238	$1,450
Norfolk, VA	N/A	$1,015	$1,300	$1,500
Virginia Beach, VA	N/A	$1,550	$1,738	$2,095
Chesapeake, VA	N/A	$1,150	$1,650	$2,173

Top Zipcodes Near Virginia Beach

There are a total of 2 zipcodes in or near Virginia Beach, VA. The average rent for all of these zipcodes is $1,675. A total of 2 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 23503, Norfolk, VA at $1,350 per month. In comparison, the zipcode with the most expensive average rent of $2,000 per month is 23451, Virginia Beach, VA.

Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Virginia Beach, VA is $1,308 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,573 per month. Which comes out to $2 per sqft. The following chart includes the top 2 zipcodes in Virginia Beach, VA. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
23451, Virginia Beach, VA	N/A	$1,600	$1,795	$2,000
23503, Norfolk, VA	N/A	$1,015	$1,350	$1,350

Frequently Asked Questions - Virginia Beach Average Rents

What is the average rent price in Virginia Beach, VA?

The average monthly rental price for Virginia Beach, VA apartments for rent is approximately $2,095. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Virginia Beach, 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 Virginia Beach, VA.

How much is a studio apartment in Virginia Beach, 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 Virginia Beach.

How much is a one bedroom apartment in Virginia Beach, VA?

The average monthly rental price for one bedroom apartments is $1,550 and an average price per square feet of $2.17. There are a total of 5 one bedroom apartment listings currently available for rent in Virginia Beach.

How much is a two bedroom apartment in Virginia Beach, VA?

The average monthly rental price for two bedroom apartments is $1,738 and an average price per square feet of $1.63. There are a total of 66 two bedroom apartment listings currently available for rent in Virginia Beach.

How have rent prices in Virginia Beach, VA changed this year?

Rent prices for rentals in Virginia Beach, VA can fluctuate yearly. Specifically, studio rental prices have changed by -0.88%, one bedroom rental prices have changed by -0.17%, two bedroom rental prices have changed by 0.04%, and three bedroom rental prices have changed by 0.04% year-over-year.

What is a reasonable rent price in Virginia Beach, VA?

A reasonable rent price in Virginia Beach, VA is around $1,676/month. You can search for these reasonably priced rental listings on RentHop.