Chesapeake, VA

August 2026

23320,23321,23322

Long-term Rental Rates

Apartment

Unit Type	Price	1 Mo Change	1 Yr Change
1-Bedroom	$1,461 – $1,558	-13.41%	-3.91%
2-Bedroom	$1,785 – $1,914	2.80%	6.79%
3-Bedroom	$2,343 – $2,498	0.05%	6.00%
4-Bedroom	$3,071 – $3,248	0.30%	5.21%

Condo/Townhome

Unit Type	Price	1 Mo Change	1 Yr Change
1-Bedroom	$1,681 – $1,803	0.42%	8.35%
2-Bedroom	$1,811 – $1,904	0.65%	1.79%
3-Bedroom	$2,291 – $2,408	2.34%	-0.12%
4-Bedroom	$2,917 – $3,098	2.76%	2.94%

Single-Family

Unit Type	Price	1 Mo Change	1 Yr Change
1-Bedroom	$1,633 – $1,741	-1.93%	4.90%
2-Bedroom	$1,824 – $1,944	-0.69%	5.85%
3-Bedroom	$2,367 – $2,616	-0.59%	7.61%
4-Bedroom	$2,867 – $3,181	3.17%	3.75%

Data updated: September 23, 2026

Chesapeake Rental Trends

In the Chesapeake (23320, 23321, 23322) rental market, 1-bedroom apartments rose 13.77% year-over-year to a median rent of $1,780. This annual appreciation outpaces all other segments, reflecting substantial demand and acceleration in pricing for entry-level apartment units.

Within the 3-bedroom category, single-family homes in Chesapeake (23320, 23321, 23322) reached a median rent of $2,494, compared to 3-bedroom condos at $2,350. This $144 gap, alongside a 9.50% YoY rise for single-family, shows them leading this segment.

Recent analysis of Chesapeake (23320, 23321, 23322) rental trends reveals 2-bedroom apartments dropped 2.49% month-over-month to $1,870, while 2-bedroom condos inched up by 0.12% MoM. This illustrates contrasting short-term direction in pricing across comparable segments.

12-Month Median Rent Trend

Apartment

Month	1 BR	2 BR	3 BR	4 BR
August 2026	$1,509	$1,849	$2,421	$3,132
July 2026	$1,605	$1,636	$2,373	$3,125
June 2026	$1,780	$1,870	$2,426	$3,128
May 2026	$1,736	$1,916	$2,487	$3,127
April 2026	$1,691	$1,912	$2,456	$3,143
March 2026	$1,751	$1,871	$2,371	$3,110
February 2026	$1,702	$1,841	$2,379	$3,134
January 2026	$1,634	$1,763	$2,385	$3,112
December 2025	$1,629	$1,733	$2,369	$3,086
November 2025	$1,632	$1,745	$2,356	$3,070
October 2025	$1,630	$1,772	$2,340	$3,026
September 2025	$1,601	$1,768	$2,333	$3,008

Condo / Townhome

Month	1 BR	2 BR	3 BR	4 BR
August 2026	$1,742	$1,858	$2,349	$3,008
July 2026	$1,705	$1,767	$2,235	$2,916
June 2026	$1,734	$1,903	$2,350	$2,953
May 2026	$1,708	$1,921	$2,370	$2,927
April 2026	$1,681	$1,884	$2,252	$2,911
March 2026	$1,641	$1,859	$2,314	$2,917
February 2026	$1,625	$1,844	$2,389	$2,898
January 2026	$1,606	$1,813	$2,319	$2,896
December 2025	$1,604	$1,773	$2,317	$2,915
November 2025	$1,613	$1,783	$2,323	$2,932
October 2025	$1,615	$1,811	$2,322	$2,933
September 2025	$1,612	$1,818	$2,344	$2,934

Single-Family

Month	1 BR	2 BR	3 BR	4 BR
August 2026	$1,687	$1,884	$2,492	$3,024
July 2026	$1,725	$1,911	$2,500	$3,029
June 2026	$1,710	$1,851	$2,494	$2,927
May 2026	$1,687	$1,849	$2,500	$2,964
April 2026	$1,656	$1,783	$2,400	$2,975
March 2026	$1,632	$1,827	$2,320	$2,877
February 2026	$1,616	$1,802	$2,301	$2,860
January 2026	$1,609	$1,769	$2,315	$2,815
December 2025	$1,613	$1,781	$2,327	$2,848
November 2025	$1,618	$1,790	$2,351	$2,860
October 2025	$1,616	$1,791	$2,333	$2,869
September 2025	$1,614	$1,790	$2,334	$2,880