Suffolk Borough, VA Rental Market Trends
Highlights
The average rent for an apartment in Suffolk Borough is $1,078, a 4% increase compared to the previous year, when the average rent was $1,041.
Average Rent in Suffolk Borough, VA
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,078 | 4% | 928 sq. ft. |
The average size for a Suffolk Borough, VA apartment is 928 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.
Suffolk Borough, VA Apartment Rent Ranges
- $701-$1,00042%
- $1,001-$1,50055%
- $1,501-$2,0004%
Suffolk Borough, VA Occupied Housing Units
- Renter-occupied Households27%
- Owner-occupied Households72%
5,000 or 27% of the households in Suffolk Borough, VA are renter-occupied while 13,016 or 72% are owner-occupied.
Suffolk Borough, VA Rent Trends
| Average Rent | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Jan / 2020 |
|---|---|---|---|---|---|---|---|---|---|
| Suffolk Borough, VA | $969 | $972 | $974 | $959 | $959 | $1,041 | $1,045 | $1,061 | $1,078 |
| National | $1,350 | $1,382 | $1,385 | $1,388 | $1,423 | $1,431 | $1,434 | $1,469 | $1,474 |
How Suffolk Borough Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Richmond | $1,111 | 3% |
| Arlington | $2,252 | 4% |
| Newport News | $967 | 3% |
| Alexandria | $1,752 | 3% |
| Virginia Beach | $1,218 | 3% |
| Suffolk | $1,251 | 3% |
| Nansemond | $1,365 | 1% |
| Suffolk Borough | $1,078 | 4% |
| Deep Creek | $1,165 | 6% |
| Chuckatuck | $1,078 | 4% |
| Western Branch | $1,169 | 6% |
For more information about the Suffolk Borough rental trends, check out our monthly rent report
Check out Virginia Cities, Virginia Neighborhoods and Virginia Zip Codes for more details on verified listings, including the Virginia Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!