Studio and One-Bedroom Rental Units
In the Class A market, the bulk of one-bedroom units cost from slightly
over $900 to $1,200 per month and range from 650 to 900 square feet.
Of the selected properties, only one offers a studio layout. The
communities of Aura at Towne Place and Bell Great Bridge command
the highest rents for one-bedroom units on a absolute and per square
foot basis (an average of $1.61 and $1.53 per square foot respectively).
Hideaway at Greenbrier offers the lowest-priced one-bedroom rental
units.
Price-to-Size Relationship – Studio and One-Bedroom Units
Newer Apartments in Chesapeake, VA; February 2014
$1,400
$1 100
$1,200
$1,300
$900
$1,000
,
$700
$800
550
600
650
700
750
800
850
900
950
1,000
Aura at Towne Place 1B/1Ba
The Carlton at Greenbriar 1B/1Ba
The Morgan 1B/1Ba
Tapestry Park 1B/1Ba
Bell Great Bridge 1B/1Ba
Bell Great Bridge 1B/1Ba/G
Belmont at Greenbriar 1B/1Ba
Hideaway at Greenbriar 1B/1Ba
Adalay Bay 1B/1Ba
Fenwyck Manor 1B/1Ba
Streets of Greenbrier Studio
Streets of Greenbrier 1B/1Ba
Streets of Greenbrier 1B/1Ba/L
Dominion Boulevard | City of Chesapeake | April 11, 2014 | E4-11982.40
57
Source: Individual Project Websites; Leasing Agent interviews
