Last updated
Average Rent in Virginia Beach 23462 & Rent Trends
Rent prices and market trends across 2 apartment communities in Virginia Beach 23462, Virginia Beach, VA. Updated daily.
Market Average
$2,249/mo
▼ 8% from last month
Lowest Available
$1,603/mo
cheapest unit on market
Communities
2
tracked daily
Units Listed
37
available now
Virginia Beach 23462 vs Virginia Beach, VA Average
Virginia Beach 23462 is more expensive the Virginia Beach, VA average by $194/mo (9%). The citywide average is $2,055/mo across all neighborhoods.
Is Rent Going Up or Down in Virginia Beach 23462?
As of May 2026, the average rent in Virginia Beach 23462 is $2,249 per month across 2 apartment communities and 37 available units. Rents have decreased $192 (8%) over the past month.
The most affordable option is The Cosmopolitan Apartments starting at $1,603/mo. By unit type, a studio averages $1,681/mo, a 1-bedroom averages $2,034/mo, a 2-bedroom averages $2,375/mo, a 3-bedroom averages $2,852/mo.
Prices range from $1,603 to $3,160 per month. The most common price point is the $2,000 range, where 10 units are currently listed.
Virginia Beach 23462 Rent Price History
Average Rent by Bedroom
Rent Price Distribution
Rent by Bedroom Type in Virginia Beach 23462
Rent Prices by Apartment in Virginia Beach 23462
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| The Cosmopolitan Apartments | $1,603/mo | $2,370/mo | 24 | 4.5 |
| Mezzo Apartment Homes | $1,635/mo | $2,025/mo | 13 | 4 |
Google Search Trends for Virginia Beach 23462 Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Virginia Beach 23462
What is the average rent in Virginia Beach 23462?
Is rent going up or down in Virginia Beach 23462?
What is the cheapest apartment in Virginia Beach 23462?
How much is a 1-bedroom apartment in Virginia Beach 23462?
How many apartments are available in Virginia Beach 23462?
What salary do I need to live comfortably in Virginia Beach 23462?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$90,000/year
30 percent rule -- using our average rent of $2,249/mo.
Comfortable income
$108,000/year
25 percent rule -- leaves more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,603/mo), you need to earn at least $64,000/year.
Median household income in Virginia Beach 23462 is $90,685 , about 16% below the comfortable-living threshold.
Cost of living in Virginia Beach 23462
Overall prices in Virginia Beach 23462 runs below the national average by about 2% (BEA Regional Price Parity index 97.7, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Virginia Beach 23462's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $2,249 |
| Utilities | $420 |
| Groceries | $524 |
| Transportation | $1,001 |
| Healthcare | $488 |
| Other goods and services | $781 |
| Estimated total | $5,464/mo |
Population
457,066
Median household income
$90,685
Census median rent
$1,649/mo
Rent as % of income
31.1%
Median age
37.4
Mean commute
23 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Explore Virginia Beach 23462 Apartments
Browse all 2 communities with daily-updated pricing and availability.