Disclaimer: Covid-19 may have impacted rent prices in a way that is not yet reflected in our reports. When referencing the data published on this page, please keep in mind that the data provided here may not accurately depict the current reality of the market.
Suffolk Borough, VA Rental Market Trends
What is the average rent in Suffolk Borough?
The average rent for an apartment in Suffolk Borough is $1,223. The cost of rent varies depending on several factors, including location, size, and quality.
Average Rent in Suffolk Borough, VA
Last updated December 2021
| Average Rent | Average Apartment Size |
|---|---|
| $1,223 | 928 sq. ft. |
What is the average apartment size in Suffolk Borough?
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
Suffolk Borough, VA Occupied Housing Units
5,035 or 27% of the households in Suffolk Borough, VA are renter-occupied while 13,483 or 72% are owner-occupied.
Suffolk Borough, VA Rent Trends
| Average Rent | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | Jul / 2021 | Dec / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
| Suffolk Borough, VA | $1,041 | $1,045 | $1,061 | $1,078 | $1,116 | $1,121 | $1,159 | $1,156 | $1,203 | $1,223 |
| National | $1,340 | $1,344 | $1,376 | $1,384 | $1,387 | $1,379 | $1,383 | $1,393 | $1,476 | $1,572 |
How Suffolk Borough Compares to Other Cities
| City | Average Rent |
|---|---|
| Richmond | $1,328 |
| Arlington | $2,354 |
| Alexandria | $1,906 |
| Newport News | $1,206 |
| Virginia Beach | $1,485 |
| Henrico | $1,375 |
| Norfolk | $1,214 |
| Hampton | $1,335 |
| Chesapeake | $1,441 |
| Portsmouth | $1,128 |
| Suffolk Borough | $1,223 |
Most Popular Apartments in Suffolk Borough
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 Suffolk Borough 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.