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Rental Market Trends in Suffolk, VA

What is the average rent in Suffolk, VA?

$1,599/month

Average Rent

783 Sq Ft

Average Apartment Size

+2.8%

Increase in the Last Year

As of March 2026, the average rent in Suffolk, VA is $1,599 per month. For comparison, the national average rent price in the US is currently $1,626/month, which means Suffolk rent prices are 2% lower than the national average. When you rent an apartment in Suffolk, you can expect to pay about $998 per month for a studio, $1,599 for a one-bedroom apartment, and around $1,797 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,172 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$998/month
486 Sq Ft
One Bedroom
$1,599/month
783 Sq Ft
Two Bedroom
$1,797/month
1,055 Sq Ft
Three Bedroom
$2,172/month
1,379 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$2,068/month
1,157 Sq Ft
Four Bedroom
$2,788/month
1,690 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$2,244/month
925 Sq Ft

How much has average rent changed in Suffolk, VA?

In the past year, rent has increased by 2.8%, which averages out to $45 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 March 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Suffolk, VA
Last Updated March 2026
$1,501 - $2,000
Most rental prices fall within this range
Rent Ranges in Suffolk, VA
Percentage*
Rent Range
0% Below $700/month
12% $700 - $1,000/month
31% $1,001 - $1,500/month
44% $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 is the most affordable neighborhood in Suffolk.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Olde Towne
$1,618/month
675 Sq Ft

What are the most expensive neighborhoods in Suffolk?

Based on current rent prices, Olde Towne is the most expensive neighborhood in Suffolk.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Olde Towne
$1,618/month
675 Sq Ft

Which Suffolk neighborhoods have the most rentals available?

The neighborhood in Suffolk with the most apartments available is Olde Towne .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Olde Towne
$1,618/month
675 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 $1,599, you’ll want to make about $5,330 per month or $63,960 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

442 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

Olde Towne

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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Search
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Nearby City Rent Trends

  • 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

$1,660 - $2,240 Plus Fees

1-2 Beds

Royal Sail Apartments at Bridgeport

Royal Sail Apartments at Bridgeport

1100 Knotts Pointe Ln,
Suffolk, VA 23435

$1,320 - $2,380 Plus Fees

1-2 Beds

Chesapeake Pointe

Chesapeake Pointe

3537 Towne Pointe Rd,
Chesapeake, VA 23321

$1,229 - $1,934 Plus Fees

1-3 Beds

The Apartments at Hallstead Reserve

The Apartments at Hallstead Reserve

1000 Hallstead Blvd,
Suffolk, VA 23434

$1,728 - $2,548 Total Monthly Price

1-3 Beds | 12 Month Lease

Property Management Companies in Suffolk, VA

Franklin Group
Franklin Group
  • 138

    Communities

  • 25,621

    Units

  • 63

    Cities

3 Communities in Suffolk
S.L. Nusbaum
S.L. Nusbaum
  • 72

    Communities

  • 14,145

    Units

  • 30

    Cities

3 Communities in Suffolk
Artcraft Management
Artcraft Management
  • 22

    Communities

  • 3,816

    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
AION Management
AION Management
  • 50

    Communities

  • 17,428

    Units

  • 36

    Cities

1 Community in Suffolk
Vest Residential
Vest Residential
  • 64

    Communities

  • 14,993

    Units

  • 36

    Cities

1 Community in Suffolk
Greenbrier Management
Greenbrier Management
  • 34

    Communities

  • 4,194

    Units

  • 15

    Cities

1 Community in Suffolk
Castle Lanterra Properties
Castle Lanterra Properties
  • 13

    Communities

  • 2,780

    Units

  • 11

    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 February 2026.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity