Cottage Grove Apartments
614 Peninsula Dr,
Newport News, VA 23605
1-2 Beds | $1,050 - $1,283
Rental Market Trends in Newport News, VA
What is the average rent in Newport News, VA?
$1,203/month
Average Rent
684 Sq Ft
Average Apartment Size
+1.9%
Increase in the Last Year
As of March 2025, the average rent in Newport News, VA is $1,203 per month. This is 23% lower than the national average rent of $1,558/month, making renting in Newport News more affordable than most cities in the US. When you rent an apartment in Newport News, you can expect to pay about $933 per month for a studio, $1,203 for a one-bedroom apartment, and around $1,349 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,681 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Newport News, VA?
In the past year, rent has increased by 1.9%, which averages out to $24 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 2025
Legend
2024
2025
Rent Ranges in Newport News, VA
Last Updated March 2025
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
6%
Below $700/month
17%
$700 - $1,000/month
57%
$1,001 - $1,500/month
18%
$1,501 - $2,000/month
2%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Newport News?
Based on current rent prices, Oyster Point, Greenwood/Newport News and Epes are the most affordable neighborhoods in Newport News.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Newport News?
Based on current rent prices, Downtown Newport News, Kiln Creek and Palmer are the most expensive neighborhoods in Newport News.
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Newport News, VA?
Because the average rent in Newport News is $1,203, you’ll want to make about $4,010 per month or $48,120 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.
Cost of Living
The cost of living in Newport News, VA is 2.9% lower than the national average. Generally, housing in Newport News is 12.0% less expensive than the national average, with rent falling between $933 - $1,681. You can expect to pay 0.7% less for groceries, 6.7% more for utilities, and 3.7% less for transportation.
How does Newport News, VA compare to other nearby cities and neighborhoods?
Use the tool below to compare Newport News, 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.
Studio
-
-
One Bedroom
$1,095/month
$1,408/month
Two Bedroom
$1,316/month
$1,440/month
Three Bedroom
$1,491/month
$1,122/month
Nearby City Rent Trends
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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 2025.
* Percentages may not total 100 due to rounding.