Virginia Beach, VA Rental Market Trends
What is the average rent in Virginia Beach?
The average rent for an apartment in Virginia Beach is $1,626. The cost of rent varies depending on several factors, including location, size, and quality.
Average rent in Virginia Beach, VA
Last updated November 2023
| Average Rent | Average Apartment Size |
|---|---|
| $1,626 | 969 sq. ft. |
What is the average apartment size in Virginia Beach?
The average size for a Virginia Beach, VA apartment is 969 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Virginia Beach, VA apartment rent ranges
Virginia Beach, VA Occupied Housing Units
63,422 or 35% of the households in Virginia Beach, VA are renter-occupied while 115,493 or 65% are owner-occupied.
Virginia Beach, VA rent trends
Average Rent in Virginia Beach, VA By Neighborhood
| City | Average Rent |
|---|---|
| Birdneck Acres | $1,801 |
| Fremac Shores | $1,801 |
| Salem Lakes | $1,717 |
| South Virginia Beach | $1,717 |
| Hilltop Manor | $1,677 |
| Oceana Gardens | $1,677 |
| Southall Quarter | $1,677 |
| Arrowhead | $1,646 |
| Fair Meadows - Boulevard Manor | $1,646 |
| Fairways - Kempsville Greens | $1,646 |
| Lake Edward West | $1,646 |
| Pembroke Manor | $1,646 |
| Woodscape - Larkspur Townhomes | $1,646 |
| Acredale | $1,645 |
| Alexandria | $1,645 |
| Brandon - Lake James | $1,645 |
| Carriage Mill | $1,645 |
| Fairfield | $1,645 |
| Lakeview Estates | $1,645 |
| Thompkins Landing | $1,645 |
| Westview Village | $1,645 |
| Woodstock | $1,645 |
| Brenneman Farm | $1,642 |
| Aragona Village | $1,615 |
| Solartown | $1,615 |
| Larkspur | $1,599 |
| Castleton | $1,578 |
| Red Mill | $1,578 |
| Bayville Park | $1,553 |
| Diamond Springs Homes | $1,553 |
| Haygood Point | $1,553 |
| Lake Front Village | $1,553 |
| Lake Shores | $1,553 |
| Lakeview Park | $1,553 |
| Wesleyan Chase - Anthony Homes | $1,553 |
| Birchwood South | $1,527 |
| Eastern Park | $1,527 |
| Thalia Meadows | $1,527 |
| Windsor Forest | $1,527 |
| Eureka Park | $1,526 |
| Princess Anne Plaza | $1,526 |
| Aeropines Golf Club | $1,524 |
| Beacons Reach | $1,524 |
| Bellwood Park | $1,524 |
| Hutton Terrace | $1,524 |
| Mill Dam Point - Great Neck Manor | $1,524 |
| Redwing | $1,524 |
| Upton Estates | $1,524 |
| Green Run | $1,518 |
| The Lakes | $1,518 |
| Buckner Farm | $1,454 |
| Magic Hollow | $1,454 |
| Tapo Mobile Park | $1,454 |
| The Point | $1,454 |
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What are the most affordable neighborhoods in Virginia Beach?
The most affordable neighborhoods in Virginia Beach are Buckner Farm, where the average rent goes for $1,454/month, Magic Hollow, where renters pay $1,454/mo on average, and Tapo Mobile Park, where the average rent goes for $1,454/mo. If you’re looking for other great deals, check out the listings from The Point ($1,454), Green Run ($1,518), and The Lakes ($1,518), where the asking prices are below the average Virginia Beach rent of $1,626/mo.
What are the most expensive neighborhoods in Virginia Beach?
The most expensive neighborhoods in Virginia Beach are South Virginia Beach ($1,717), Birdneck Acres ($1,801) and Fremac Shores ($1,801).
What are the most popular neighborhoods in Virginia Beach?
The most popular neighborhood in Virginia Beach is Eastern Park, where there are 2 listings with an average rent of $1,527. Next up is Oceana Gardens, where apartments go for $1,677/month, followed by Pembroke Manor with $1,646 If you’re looking to rent in Virginia Beach’s most popular neighborhoods, make sure to also check out Southall Quarter, where renters pay $1,677 on average, and Acredale, where the average monthly rent is $1,645.
Virginia Beach | Rent Comparison by Neighborhood
Rent in Acredale is 8% higher than in Aeropines Golf Club
$1,645
Acredale rent is 1% higher than Virginia Beach average
Average Rent
$1,645
$1,524
Aeropines Golf Club rent is 6% lower than Virginia Beach average
Average Rent
$1,524
How Virginia Beach Compares to Other Cities
| State | Average Rent |
|---|---|
| Virginia Beach | $1,626 |
| Herndon | $2,205 |
| Arlington | $2,524 |
| Fairfax | $2,258 |
| Richmond | $1,464 |
| Woodbridge | $1,914 |
| Alexandria | $2,092 |
| Ashburn | $2,270 |
| Chesapeake | $1,650 |
| Falls Church | $2,130 |
| Fredericksburg | $1,766 |
What is the average price for a storage unit in Virginia Beach?
The average rent for a non-climate-controlled 10'x10' storage unit in Virginia Beach is $127.11. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.
Most Popular Apartments in Virginia Beach
Hobby Lobby
2858 Virginia Beach Boulevard, Virginia Beach, VA 23452| 2 BEDS | $4,000 |
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4535 Commerce Street
4535 Commerce Street, Virginia Beach, VA 23462| 2 BEDS | $4,691 |
Russell House
900 First Colonial Road, Virginia Beach, VA 23454| STUDIO | $701 |
| 1 BED | $762 |
| 2 BEDS | $859 |
Hobby Lobby
2858 Virginia Beach Boulevard, Virginia Beach, VA 23452| 1 BED | $1,200 |