Average Rent in Virginia

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Current Versus Historical Virginia Rents

Virginia rentals average $1,735 for a studio rental to $3,300 for a 4-bedroom rental. The median price of all currently available listings is $2,361, or roughly $2 per square feet.

For the apartment units and housing in April 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $316 (-16.70%) year-over-year from $1,891 to $1,575. 1-bedroom rentals prices have decreased by $63 (-3.70%) year-over-year from $1,713 to $1,650. 2-bedroom rentals prices have decreased by $156 (-7.22%) year-over-year from $2,166 to $2,010. 3-bedroom rentals prices have increased by $281 (12.65%) year-over-year from $2,219 to $2,500. 4-bedroom rentals prices have increased by $358 (12.61%) year-over-year from $2,842 to $3,200. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 0.03% this month. 1-bedroom rents have gone down by 0.00% this month. 2-bedroom rents have gone down by 4.50% this month. 3-bedroom rents have gone up by 3.45% this month. 4-bedroom rents have gone up by 3.34% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$3.17	$1,575	$1,891 (-16.70%)	$1,656 (-4.91%)
1 BR	$2.58	$1,650	$1,713 (-3.70%)	$1,603 (2.94%)
2 BR	$2.01	$2,010	$2,166 (-7.22%)	$1,836 (9.50%)
3 BR	$1.52	$2,500	$2,219 (12.65%)	$1,854 (34.83%)
4+ BR	$1.47	$3,200	$2,842 (12.61%)	$2,557 (25.16%)

Historical Rents in Virginia

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Virginia

There are a total of 50 cities nearby Virginia. The average rent in Virginia is currently $1,925 per month. A total of 33 cities nearby have an average rent lower than that. Our records show that Toledo, OH, with an average rent of $825, is the most affordable city nearby. In contrast, the most expensive city near Virginia is Margate City, NJ. Monthly rents here are on average $18,000 per month.

Let's compare Virginia's rent against other top cities nearby by bedroom size. Typically, rent for studios in Virginia is 30.26% more expensive than other cities nearby. One bedrooms are about 25.21% more expensive. Two bedrooms in Virginia are about 17.85% more expensive. Finally, rent for three bedrooms are about 20.34% more expensive. Want more information? Check out the top 10 cities out of 50 total cities near Virginia in the following chart.

City	Studio	1 Bed	2 Bed	All
Fayetteville, NC	N/A	$823	$995	$1,295
Norfolk, VA	N/A	$1,015	$1,300	$1,500
Baltimore, MD	$1,263	$1,400	$1,700	$1,800
Raleigh, NC	$1,375	$1,350	$1,700	$1,900
Towson, MD	$1,457	$1,792	$2,099	$2,002
Durham, NC	$1,298	$1,765	$1,800	$2,069
Virginia Beach, VA	N/A	$1,575	$1,738	$2,095
Alexandria, VA	$1,990	$1,900	$2,525	$2,300
Arlington, VA	$1,900	$2,382	$3,316	$2,698
Washington, DC	$1,875	$2,484	$3,400	$2,950

Top Neighborhoods Near Virginia

There are a total of 95 neighborhoods in or near Virginia. Some of these neighborhoods include North Philadelphia East, North Philadelphia West, and Logan Square. We've included the top 30 neighborhoods out of 95 total neighborhoods in or near Virginia in the following chart.

The average rent for these 30 neighborhoods in or near Virginia is currently around $3,198 per month. A total of 32 neighborhoods have a lower average rent. Interestingly, the neighborhoods' average rent is higher than Virginia's average rent, which is only $2,361. Out of all the neighborhoods in or near Virginia, Cobbs Creek has the most affordable average rent at $1,325 per month. Whereas, at $13,000 average rent per month, Lower Chelsea is the most expensive neighborhood in or near Virginia. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
North Philadelphia East, Philadelphia, PA	$1,295	$1,447	$1,679	$1,650
North Philadelphia West, Philadelphia, PA	$1,225	$1,420	$1,600	$1,700
Logan Square, Chicago, IL	$1,250	$1,795	$2,000	$1,895
Center City East, Philadelphia, PA	$1,343	$1,900	$2,880	$2,058
Lakeview, Chicago, IL	$1,343	$1,895	$2,590	$2,095
Near North Side, Chicago, IL	$1,843	$2,400	$3,552	$2,600
Washington Heights, New York, NY	$1,975	$2,400	$2,990	$3,149
Flatbush, New York, NY	$2,800	$2,892	$3,150	$3,296
Bedford-Stuyvesant, New York, NY	$2,375	$2,850	$3,150	$3,300
East Harlem, New York, NY	$2,675	$3,056	$3,195	$3,300
Harlem, New York, NY	$2,595	$3,050	$3,300	$3,400
Bushwick, New York, NY	$2,650	$2,799	$3,450	$3,450
West Harlem, New York, NY	$2,650	$3,000	$3,400	$3,500
Upper East Side, New York, NY	$2,975	$3,606	$4,973	$4,000
Prospect Heights, New York, NY	$3,612	$4,420	$6,068	$4,300
Financial District, New York, NY	$3,515	$4,500	$6,457	$4,329
Hell's Kitchen, New York, NY	$3,500	$4,045	$6,095	$4,450
East Village, New York, NY	$2,898	$3,600	$4,495	$4,495
Midtown East, New York, NY	$3,500	$4,200	$5,595	$4,500
Williamsburg, New York, NY	$3,638	$4,506	$4,650	$4,700
West Village, New York, NY	$4,750	$4,750	$6,750	$4,795
Greenwich Village, New York, NY	$4,150	$4,800	$5,075	$4,800
Murray Hill, New York, NY	$3,600	$4,300	$6,598	$4,905
Kips Bay, New York, NY	$3,795	$4,095	$5,308	$4,950
Upper West Side, New York, NY	$3,225	$4,475	$6,549	$4,995
Hudson Yards, New York, NY	$3,763	$4,495	$6,900	$5,022
Chelsea, New York, NY	$3,995	$5,498	$7,925	$5,235
Midtown, New York, NY	$3,607	$4,400	$6,895	$5,523
Gramercy Park, New York, NY	$3,815	$5,175	$5,295	$6,045
Tribeca, New York, NY	$4,250	$6,000	$7,295	$6,895

Top Counties Near Virginia

There are a total of 95 counties located by Virginia. Some of these counties include Baltimore, MD, Virginia Beach, VA, and Alexandria, VA. The average rent for rentals in these counties is $2,455. That's roughly around $2 per sqft. A total of 23 counties have a lower average rent. The county that is the most affordable is Montgomery, OH. It's average rent per month is $959. Vice versa, with an average rent of $9,000, Atlantic, NJ is the most expensive county by Virginia.

Typically, rent for studios in Virginia is 12.46% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Virginia is 3.69% more expensive than other counties nearby. Finally, rent for two bedrooms in Virginia is 2.33% more affordable than other counties nearby. We've listed the top 10 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Baltimore, MD	$1,263	$1,400	$1,697	$1,799
Virginia Beach, VA	N/A	$1,575	$1,738	$2,095
Alexandria, VA	$1,990	$1,900	$2,525	$2,300
Prince William, VA	$1,685	$1,806	$2,167	$2,465
Prince George's, MD	$1,400	$1,929	$2,000	$2,500
Arlington, VA	$1,900	$2,382	$3,316	$2,698
Fairfax, VA	$1,849	$1,967	$2,540	$2,730
Montgomery, MD	$1,949	$2,118	$2,627	$2,850
District of Columbia, DC	$1,875	$2,484	$3,400	$2,950
Loudoun, VA	N/A	$1,725	$2,500	$3,250

Top Zipcodes Near Virginia

There are a total of 50 zipcodes in or near Virginia. The average rent for all of these zipcodes is $4,239. A total of 13 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 43201, Columbus, OH at $1,600 per month. In comparison, the zipcode with the most expensive average rent of $6,900 per month is 10013, New York, NY.

Studios in these zipcodes have an average rent of $3,071. That's at least $7 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Virginia is $3,898 per month. Or in other words, $6 per sqft. Meanwhile, two bedroom apartments will cost you an average of $4,803 per month. Which comes out to $6 per sqft. The following chart includes the top 10 zipcodes in Virginia. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
10016, New York, NY	$3,695	$4,215	$5,925	$4,716
10003, New York, NY	$3,815	$4,800	$5,111	$4,950
10019, New York, NY	$3,525	$4,200	$6,500	$4,713
10009, New York, NY	$2,625	$3,625	$4,495	$4,495
10128, New York, NY	$3,495	$3,750	$5,520	$3,950
10038, New York, NY	$3,553	$4,500	$6,400	$4,405
10022, New York, NY	$3,350	$4,500	$5,148	$4,500
10005, New York, NY	$3,535	$4,600	$6,410	$4,276
10011, New York, NY	$3,600	$5,743	$6,850	$4,750
10010, New York, NY	$4,050	$4,700	$5,405	$5,341

Frequently Asked Questions - Virginia Average Rents

What is the average rent price in Virginia?

The average monthly rental price for Virginia apartments for rent is approximately $2,361. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Virginia rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Virginia.

How much is a studio apartment in Virginia?

The average monthly rental price for studio apartments is $1,735 and an average price per square feet of $3.17. There are a total of 82 studio apartment listings currently available for rent in Virginia.

How much is a one bedroom apartment in Virginia?

The average monthly rental price for one bedroom apartments is $1,872 and an average price per square feet of $2.58. There are a total of 691 one bedroom apartment listings currently available for rent in Virginia.

How much is a two bedroom apartment in Virginia?

The average monthly rental price for two bedroom apartments is $2,150 and an average price per square feet of $2.01. There are a total of 935 two bedroom apartment listings currently available for rent in Virginia.

How have rent prices in Virginia changed this year?

Rent prices for rentals in Virginia can fluctuate yearly. Specifically, studio rental prices have changed by -0.17%, one bedroom rental prices have changed by -0.04%, two bedroom rental prices have changed by -0.07%, and three bedroom rental prices have changed by 0.13% year-over-year.

What is a reasonable rent price in Virginia?

A reasonable rent price in Virginia is around $1,889/month. You can search for these reasonably priced rental listings on RentHop.