Rental market snapshot for Chesapeake, Virginia

Chesapeake, Virginia Rental Property Market Overview

The average rent for an apartment in Chesapeake is $1,758. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by -2.5% over the past year.

Chesapeake is a city located in the Hampton Roads metropolitan area of Virginia. The city is the third-largest in the state with a population of over 232,000. Chesapeake is known for its large naval base, as well as its role in the American Revolution and the War of 1812. The city is also home to a number of historical sites, including the Chesapeake Bay Bridge-Tunnel, which is the longest bridge-tunnel complex in the world.

Last Updated December 23, 2022

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Average monthly rent graph in Chesapeake Virginia | Cost of Living

  • The most expensive ZIP Code in Chesapeake is 23321 with an average price of $2,959
  • The cheapest ZIP Code in Chesapeake is 23324 with an average price of $1,000

Chesapeake ZIP Codes with the highest, most expensive rent

#zip codeaverage rent
123321$2,959
223322$1,899
323324$1,800
423320$1,725

Live near Chesapeake, Virginia's Top Sights and Attractions

The Chesapeake Bay Bridge-Tunnel is a 23-mile-long bridge-tunnel complex that connects the Hampton Roads area to the Eastern Shore of Virginia. The bridge-tunnel is one of the world's largest bridges, and it is a major tourist attraction in Chesapeake, Virginia.

Great Bridge Intermediate And High School is a historic school in Chesapeake, Virginia. The school was built in the early 1900s and is a beautiful example of architecture from that era. The school is still in use today and is a popular tourist destination for those interested in history and architecture.

Chesapeake City Park is a large park with a playground, a basketball court, a pond, and a walking trail. The park also has a pavilion that can be rented for events.

The Norfolk County Almshouse Historical Marker is a large stone marker located in the front yard of the Norfolk County Almshouse. The marker reads: "In memory of the Norfolk County Almshouse, which stood on this site from 1820 to 1966. This building was the first county almshouse in Virginia and was used to house the poor, the sick, and the aged. The almshouse was a self-sufficient farm and provided food and shelter for its residents. In 1966, the almshouse was demolished and the property was donated to the City of Chesapeake. This marker is dedicated to the memory of the Norfolk County Almshouse and its residents."

The Western Branch Trail is a paved trail that runs along the Western Branch of the Elizabeth River. The trail is approximately 3 miles long and is popular with walkers, runners, and cyclists. The trail offers scenic views of the river and the city skyline.

The Chesapeake Arboretum is a beautiful place to take a walk and enjoy nature. The grounds are well-kept and there are plenty of benches and picnic tables if you want to take a break. The Arboretum is also a great place to take pictures.

Paradise Creek Nature Park is a beautiful park located in Chesapeake, Virginia. The park features a variety of amenities including a playground, picnic area, walking trails, and a pond. The pond is a great place to relax and enjoy the scenery.

Northwest River Park is a beautiful park located on the banks of the Northwest River. The park offers a variety of activities for visitors to enjoy, including hiking, biking, fishing, and picnicking. The park also features a playground, a pavilion, and a gazebo.

Chesapeake, Virginia area median rent change by ZIP Code map

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How does Chesapeake compare to other cities in Virginia ?

citymedian price
Stafford$1,950
Stafford$1,945
Mc Lean$2,570
Midlothian$1,795
Suffolk$1,440
Winchester$1,425
Sterling$2,085
Reston$2,211
Dumfries$2,012

Average household income in Chesapeake area graph - US Census

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The median household income in Chesapeake in 2021 was $81,261. This represents a 15.9% change from 2011 when the median was $70,115.

#categorypercent
0Less than $10,0003.2%
1$10,000 to $14,9992.4%
2$15,000 to $19,9992.2%
3$20,000 to $24,9993.7%
4$25,000 to $29,9992.8%
5$30,000 to $34,9993.2%
6$35,000 to $39,9992.9%
7$40,000 to $44,9994.2%
8$45,000 to $49,9993.6%
9$50,000 to $59,9998.0%
10$60,000 to $74,99910.4%
11$75,000 to $99,99914.5%
12$100,000 to $124,99911.5%
13$125,000 to $149,9998.9%
14$150,000 to $199,99910.2%
15$200,000 or more8.5%

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

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Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.
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