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Rental Market Trends in Suffolk, VA

What is the average rent in Suffolk, VA?

$1,594/month

Average Rent

784 Sq Ft

Average Apartment Size

+4.1%

Increase in the Last Year

As of July 2025, the average rent in Suffolk, VA is $1,594 per month. For comparison, the national average rent price in the US is currently $1,637/month, which means Suffolk rent prices are 3% lower than the national average. When you rent an apartment in Suffolk, you can expect to pay about $843 per month for a studio, $1,594 for a one-bedroom apartment, and around $1,776 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,140 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$843/month
336 Sq Ft
One Bedroom
$1,594/month
784 Sq Ft
Two Bedroom
$1,776/month
1,053 Sq Ft
Three Bedroom
$2,140/month
1,372 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$2,316/month
1,222 Sq Ft
Four Bedroom
$3,003/month
1,792 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

How much has average rent changed in Suffolk, VA?

In the past year, rent has increased by 4.1%, which averages out to $65 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated July 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in Suffolk, VA
Last Updated July 2025
$1,501 - $2,000
Most rental prices fall within this range
Rent Ranges in Suffolk, VA
Percentage*
Rent Range
3% Below $700/month
9% $700 - $1,000/month
33% $1,001 - $1,500/month
42% $1,501 - $2,000/month
12% Above $2,000/month

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Suffolk?

Based on current rent prices, Olde Towne and Riverwood" are the most affordable neighborhoods in Suffolk.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Olde Towne
$1,610/month
670 Sq Ft
Riverwood
$1,930/month
845 Sq Ft

What are the most expensive neighborhoods in Suffolk?

Based on current rent prices, Riverwood and Olde Towne" are the most expensive neighborhoods in Suffolk.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Riverwood
$1,930/month
845 Sq Ft
Olde Towne
$1,610/month
670 Sq Ft

Which Suffolk neighborhoods have the most rentals available?

The neighborhoods in Suffolk with the most apartments available are Olde Towne and Riverwood" .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Olde Towne
$1,610/month
670 Sq Ft
Riverwood
$1,930/month
845 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in Suffolk, VA?

Because the average rent in Suffolk is $1,594, you’ll want to make about $5,313 per month or $63,756 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

Suffolk, VA

459 Available Apartments for Rent

Search for Nearby Apartments

How does Suffolk, VA compare to other nearby cities and neighborhoods?

Use the tool below to compare Suffolk, VA to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Explore the Area Guide for Suffolk, VA

Apartment Averages

Olde Towne

Suffolk, VA

Riverwood

Suffolk, VA

Studio
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One Bedroom
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Two Bedroom
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Three Bedroom
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Nearby City Rent Trends

  • Franklin Average Rent
  • Carrollton Average Rent
  • Smithfield Average Rent
  • Portsmouth Average Rent

Apartment communities in Suffolk we think you'll love

3800 Acqua at Bridgeport

3800 Acqua at Bridgeport

1200-1500 Bridgeport Way,
Suffolk, VA 23435

1-2 Beds | $1,610 - $2,190

Royal Sail Apartments at Bridgeport

Royal Sail Apartments at Bridgeport

1100 Knotts Pointe Ln,
Suffolk, VA 23435

1-2 Beds | $1,320 - $2,500

Chesapeake Pointe

Chesapeake Pointe

3537 Towne Pointe Rd,
Chesapeake, VA 23321

1-3 Beds | $1,059 - $1,679

The Elliott Apartments

The Elliott Apartments

181 N Main St,
Suffolk, VA 23434

Studio - 2 Beds | $1,275 - $1,950

Property Management Companies in Suffolk, VA

Franklin Group
Franklin Group
  • 128

    Communities

  • 23,661

    Units

  • 58

    Cities

3 Communities in Suffolk
S.L. Nusbaum
S.L. Nusbaum
  • 70

    Communities

  • 14,044

    Units

  • 28

    Cities

2 Communities in Suffolk
Artcraft Management
Artcraft Management
  • 19

    Communities

  • 3,551

    Units

  • 12

    Cities

2 Communities in Suffolk
Ripley Heatwole Co., Inc.
Ripley Heatwole Co., Inc.
  • 11

    Communities

  • 2,136

    Units

  • 4

    Cities

2 Communities in Suffolk
Vest Residential
Vest Residential
  • 73

    Communities

  • 16,510

    Units

  • 42

    Cities

1 Community in Suffolk
AION Management
AION Management
  • 54

    Communities

  • 18,424

    Units

  • 35

    Cities

1 Community in Suffolk
Greenbrier Management
Greenbrier Management
  • 35

    Communities

  • 4,510

    Units

  • 16

    Cities

1 Community in Suffolk
The Lawson Companies
The Lawson Companies
  • 14

    Communities

  • 3,144

    Units

  • 7

    Cities

1 Community in Suffolk

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United States Virginia Suffolk Rental Trends

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity