Virginia Beach is one of those rare places where coastal charm meets a vibrant, year-round lifestyle. From sun-soaked summer days at the oceanfront to cozy evenings enjoying local restaurants and entertainment, it’s no wonder so many people dream of living here. But when it comes to finding your perfect home, the big question often arises: Should you rent or buy?
While homeownership has long been considered a milestone, renting has become an increasingly popular—and practical—choice for many, especially in a high-demand area like Virginia Beach. The decision often comes down to lifestyle priorities, financial flexibility, and the freedom to adapt as your needs change. For residents at The Apartments at Spence Crossing, renting offers a unique combination of convenience, amenities, and location that’s hard to beat.
Let’s take a closer look at some of the biggest advantages of renting an apartment in Virginia Beach compared to buying a home.
1. Lower Upfront Costs
One of the most immediate and tangible benefits of renting is the significantly lower initial expense. Buying a home typically requires a substantial down payment—often 5% to 20% of the purchase price—plus closing costs, inspections, and other fees. In Virginia Beach’s competitive real estate market, that can mean tens of thousands of dollars upfront before you even get the keys.
At Spence Crossing, moving in is far more budget-friendly. You’ll typically need only a security deposit and your first month’s rent, allowing you to keep more of your savings for other priorities—whether that’s furnishing your new apartment, building an emergency fund, or enjoying everything Virginia Beach has to offer. This financial flexibility is especially valuable if you’re new to the area, starting a new job, or simply prefer to keep your money working for you rather than tied up in a mortgage.
2. No Maintenance Headaches
Owning a home comes with a never-ending to-do list: yard work, appliance repairs, roof maintenance, and more. Not only can these tasks take up your weekends, but they can also be expensive. A leaky water heater or broken HVAC system can cost thousands to replace, and those costs often come when you least expect them.
When you rent at The Apartments at Spence Crossing, those worries disappear. Landscaping is taken care of, common areas are maintained year-round, and if something breaks in your apartment, the on-site maintenance team is there to handle it—often at no additional cost to you. Instead of spending your Saturday trimming hedges or calling contractors, you can spend it relaxing by the pool, working out in the fitness center, or exploring Virginia Beach. Renting here means you get all the benefits of a beautiful, well-maintained home without the stress and expense of doing it yourself.
3. Flexibility to Move
Life can change quickly—new job opportunities, relationship shifts, or simply the desire for a change of scenery. When you own a home, moving often means selling your property, navigating the housing market, and covering realtor fees, which can take months and cost thousands.
Renting at The Apartments at Spence Crossing gives you the flexibility to adapt without the long-term commitment of a mortgage. Whether you need a larger space, want to explore a different neighborhood, or are relocating for work, a lease gives you a clear timeline and far fewer hurdles. For many residents, this peace of mind is priceless—knowing that if life takes a new direction, your home can too. Plus, with all of Virginia Beach and Coastal Virginia just outside your door, you may find that you’re already right where you want to be.
4. Access to Amenities
When you buy a home, features like a resort-style pool, modern fitness center, or stylish clubhouse can be costly to add—and even more costly to maintain. As a homeowner, you’re also responsible for ongoing upkeep, insurance, and utilities tied to those amenities.
At The Apartments at Spence Crossing, these resident perks are included in your rental experience. You can start your morning with a workout in the fitness center, spend a sunny afternoon lounging by the pool, or host friends in the clubhouse without worrying about maintenance or extra fees. It’s the best of both worlds: the comfort and privacy of your own apartment paired with the lifestyle benefits of a high-end community. For many residents, this means they enjoy a standard of living that would be far more expensive if they were to buy a home with similar amenities.
5. Prime Location Without the Premium Price Tag
Virginia Beach is one of the most sought-after places to live in Coastal Virginia, with its blend of sandy shores, weekend escapes, vibrant neighborhoods, fun family activities, and endless dining and entertainment options. Buying a home in a prime location like this often comes with a steep price tag, not to mention higher property taxes and insurance rates.
By renting at The Apartments at Spence Crossing, you get to enjoy the perks of a well-connected location without the financial strain of purchasing property here. You’re close to the beach, shopping centers, and top local attractions, yet nestled in a community that feels peaceful and private. This balance means you can enjoy the lifestyle you want—whether that’s a spontaneous trip to the boardwalk or a quiet night in—all while keeping your budget in check.
6. Financial Predictability
Owning a home means preparing for the unexpected. Property taxes can rise, HOA fees can increase, and surprise repairs can hit your wallet hard. These fluctuations can make budgeting difficult, especially if you’re also juggling other financial goals like travel, savings, or starting a family.
Renting at The Apartments at Spence Crossing offers peace of mind with predictable monthly expenses. Your rent stays consistent throughout your lease, and you won’t have to factor in large, unpredictable costs for maintenance or repairs. This stability allows you to plan ahead with confidence, knowing exactly what your housing costs will be from month to month.
Your Next Step Toward Virginia Beach Living
In a city as vibrant and desirable as Virginia Beach, renting can be a smart choice for both your finances and your lifestyle. From lower upfront costs and zero maintenance worries to community amenities and a prime location, The Apartments at Spence Crossing offer everything you need to make the most of Coastal Virginia living.
If you’re ready to experience the benefits for yourself, explore our floor plans and schedule a tour today. Your next chapter in Virginia Beach starts right here.