Apartments in South Norfolk Historic District Chesapeake

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Norfolk, VA
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Waston Place
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$1,577
Norfolk, VA
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$2,500
2202 Willow Wood Dr Norfolk, VA
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Chesapeake:
November Rent Report

Welcome to the November 2026 Chesapeake Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the November 2026 key findings and figures for the Chesapeake rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Chesapeake and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Chesapeake average rent prices in the chart below.

Monthly Rent Report

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1 BR       2 BR

Chesapeake Rent Prices Decrease From October to November

Chesapeake rent prices decreased over the last month. From October to November, the city experienced a 0% decrease for the price of a one-bedroom apartment. The rent price for a Chesapeake one-bedroom apartments currently stands at $.

When we take a look at the two-bedroom comparison from October to November, Chesapeake experienced a 0% decrease for the price of a two-bedroom apartment. The rent price for a Chesapeake two-bedroom apartments currently stands at $.

November Prices: Chesapeake vs. Surrounding Areas

Rent Prices in Chesapeake and Surrounding Areas

Rent prices have decreased in Chesapeake over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Chesapeake suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Chesapeake suburbs

  • Rents did not decrease in any of the Chesapeake suburbs.

November 2026 Pricing Trends: Chesapeake vs. National Comparisons

Chesapeake Rent Prices More Affordable Than Major Cities

Rent growth in Chesapeake over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Chesapeake average rent prices appear to be relatively affordable for local residents.

The price for a Chesapeake one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Chesapeake and surrounding area rent prices, take a look at the complete data set below.

Data set for Chesapeake and suburbs

1 BR November 1 BR M/M % Change 2 BR November 2 BR M/M % Change

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.