Virginia Beach, Virginia Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Virginia Beach, Virginia rental market.
Virginia Beach, Virginia
Average Apartment Rent
$1,735
Y-o-Y Change in Average
Apartment Rent
3%
As of June 2025
Compared to a year ago, Virginia Beach, Virginia apartments have recorded a 3% rent increase.
Virginia Beach, Virginia Average apartment rent trend
Virginia Beach, Virginia Average Apartment Rent
Virginia Beach, Virginia Apartment rent ranges
At 53.99%, apartments priced $1,500 - $2,000 represent the bulk of Virginia Beach, Virginia rentals, while condos priced Under $1,000 hold the lowest share of the market – 0.28%.
Virginia Beach, Virginia Housing tenure**
Renters take up 35% of Virginia Beach, Virginia real estate, occupying a total of 63,422 units, while homeowners live in 115,493 properties.
Median number of rooms of renter-occupied housing units**
4.6
Renter median household income**
$61,265
Average household size of renter-occupied housing units**
2.36
Rental vacancy rate**
4.5%
Virginia Beach, Virginia Renter-occupied housing units by no. of bedrooms**
There are 27,160 rentals in Virginia Beach, Virginia with 2 beds making up the highest share of the market, at 43%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 618 units. Overall, the median number of rooms in Virginia Beach, Virginia homes for rent is 4.6.
Virginia Beach, Virginia Renter-occupied units by age of householder**
Most condos for rent in Virginia Beach, Virginia are occupied by residents in the 25 - 34 years age group (32%), followed by those in the 35 - 44 years age group (19%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 2%.
Virginia Beach, Virginia Renter-occupied housing units by family type**
Virginia Beach, Virginia Renter-occupied housing units by the presence of own children**
A total of 35,031 apartments for rent in Virginia Beach, Virginia, or 55% of all rentals are family households. Additionally, 33% of rental homes include children under the age of 18 – that’s 21,042 units. All in all, the median size of a renter-occupied household in Virginia Beach, Virginia is 2.36.
Virginia Beach, Virginia Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 33% of the rental market. In contrast, residents with less than a high school degree reside in 6% of the homes for rent in Virginia Beach, Virginia.
Virginia Beach, Virginia Renter-occupied units by year structure built**
The highest share of Virginia Beach, Virginia apartment rentals, namely 26% or 16,246 units, were Built 1980 - 1989, followed by those Built 1970 - 1979 (21%, 13,078 units), and the ones Built 1990 - 1999 (13%, 8,474 units).
Virginia Beach, Virginia Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Virginia Beach, Virginia renters (41%) moved in 2018 to 2020, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Virginia Beach, Virginia condos for rent is 2018.
Virginia Beach, Virginia Renter-occupied housing units by vehicles available**
When it comes to transportation options, 43% of Virginia Beach, Virginia renters have 1 vehicle available per household, 36% of them have 2 vehicles available, and 9% have No vehicle available.
Virginia Beach, Virginia Means of transportation to work of householders living in renter-occupied housing units**
Virginia Beach, Virginia Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Virginia Beach, Virginia apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
