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Virginia Beach Rent Growth Market
Virginia Beach ranks among the nation's strongest apartment rent-growth markets in May 2026.
MultifamilyUnited States
Updated 1 month ago
Read The industry's own research.
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Virginia Beach ranks among the nation's strongest apartment rent-growth markets in May 2026.
Ranks U.S. markets by concentration of Fortune 500 corporate headquarters and the office-demand implications.
Job growth remained steady while inflation resurged, creating headwinds for consumer purchasing power and apartment demand.
Inflation accelerated to 4.2% in May 2026, the highest in three years, driven by surging energy costs.
RealPage identifies 11 of the 50 largest apartment markets expecting effective asking rent gains of 3 percent or more in 2026, led by Miami at 3.8 percent, Seattle at 3.7 percent and Los Angeles at 3.2 percent.
RealPage forecasts national effective apartment rents growing about 1.9 percent in 2026 after a roughly 60 basis point decline in 2025, with approximately 316,000 units projected to deliver nationwide and an undersupply challenge re-emerging as new starts fall to their lowest level since 2012.
RealPage's third quarter update reports apartment occupancy easing 30 basis points to 95.4 percent, with strong resident retention offsetting cooling demand and reshaping multifamily strategy heading into 2026.