Average Rent in Virginia

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Current Versus Historical Virginia Rents

Virginia rentals average $1,900 for a studio rental to $3,500 for a 4-bedroom rental. The median price of all currently available listings is $2,700, or roughly $2 per square feet.

For the apartment units and housing in November 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $679 (41.25%) year-over-year from $1,645 to $2,324. 1-bedroom rentals prices have increased by $388 (23.10%) year-over-year from $1,680 to $2,068. 2-bedroom rentals prices have increased by $482 (23.31%) year-over-year from $2,068 to $2,550. 3-bedroom rentals prices have increased by $366 (15.26%) year-over-year from $2,397 to $2,763. 4-bedroom rentals prices have increased by $467 (15.38%) year-over-year from $3,033 to $3,500. 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 down by 2.08% this month. 1-bedroom rents have gone down by 7.15% this month. 2-bedroom rents have gone down by 15.50% this month. 3-bedroom rents have gone down by 0.30% this month. 4-bedroom rents have gone up by 1.01% this month.

Beds	Price / Sqft	Nov 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$3.55	$2,324	$1,645 (41.25%)	$2,519 (-7.73%)
1 BR	$2.74	$2,068	$1,680 (23.10%)	$1,576 (31.22%)
2 BR	$2.24	$2,550	$2,068 (23.31%)	$2,157 (18.22%)
3 BR	$1.71	$2,763	$2,397 (15.26%)	$1,833 (50.68%)
4+ BR	$1.59	$3,500	$3,033 (15.38%)	$2,467 (41.89%)

Historical Rents in Virginia

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Virginia

There are a total of 48 cities nearby Virginia. The average rent in Virginia is currently $2,325 per month. A total of 30 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 Hampton Bays, NY. Monthly rents here are on average $21,250 per month.

Let's compare Virginia's rent against other top cities nearby by bedroom size. Typically, rent for studios in Virginia is 33.29% more expensive than other cities nearby. One bedrooms are about 21.53% more expensive. Two bedrooms in Virginia are about 15.63% more expensive. Finally, rent for three bedrooms are about 9.39% more expensive. Want more information? Check out the top 10 cities out of 48 total cities near Virginia in the following chart.

City	Studio	1 Bed	2 Bed	All
Fayetteville, NC	N/A	$800	$1,058	$1,395
Wilmington, DE	N/A	$1,495	$1,675	$1,600
Baltimore, MD	$1,700	$1,300	$1,700	$1,800
Raleigh, NC	$1,723	$1,250	$1,650	$1,850
Durham, NC	$1,225	$1,461	$1,650	$1,945
Cary, NC	N/A	$1,527	$1,773	$2,200
Alexandria, VA	$1,850	$2,099	$2,710	$2,506
Arlington, VA	$2,088	$2,375	$3,374	$2,753
Washington, DC	$1,950	$2,400	$3,119	$2,850
Bethesda, MD	$2,216	$2,586	$3,730	$3,686

Top Neighborhoods Near Virginia

There are a total of 104 neighborhoods in or near Virginia. Some of these neighborhoods include North Philadelphia West, North Philadelphia East, and Center City East. We've included the top 30 neighborhoods out of 104 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 38 neighborhoods have a lower average rent. Interestingly, the neighborhoods' average rent is higher than Virginia's average rent, which is only $2,700. Out of all the neighborhoods in or near Virginia, South Shore has the most affordable average rent at $1,275 per month. Whereas, at $9,850 average rent per month, SoHo 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 West, Philadelphia, PA	$850	$1,320	$1,475	$1,650
North Philadelphia East, Philadelphia, PA	$1,264	$1,368	$1,698	$1,665
Center City East, Philadelphia, PA	$1,235	$1,875	$2,655	$2,123
Northern Liberties - Fishtown, Philadelphia, PA	$1,500	$1,750	$2,297	$2,143
Lakeview, Chicago, IL	$1,500	$1,850	$2,600	$2,310
Near North Side, Chicago, IL	$1,730	$2,275	$3,700	$2,950
Flatbush, New York, NY	$2,616	$2,800	$3,099	$3,000
Bedford-Stuyvesant, New York, NY	$2,200	$2,800	$3,200	$3,195
Bushwick, New York, NY	$2,679	$3,000	$3,204	$3,333
East Harlem, New York, NY	$3,375	$3,092	$3,195	$3,398
Harlem, New York, NY	$2,675	$2,850	$3,200	$3,399
West Harlem, New York, NY	$2,675	$2,780	$3,225	$3,484
Upper East Side, New York, NY	$3,276	$4,000	$5,095	$4,000
Murray Hill, New York, NY	$3,425	$4,250	$6,500	$4,057
Long Island City, New York, NY	$3,300	$3,995	$5,995	$4,092
Hell's Kitchen, New York, NY	$3,440	$4,000	$5,695	$4,200
Financial District, New York, NY	$3,458	$4,500	$6,350	$4,325
Hudson Yards, New York, NY	$3,538	$4,490	$6,623	$4,416
East Village, New York, NY	$2,995	$3,795	$4,495	$4,495
Midtown East, New York, NY	$3,375	$4,400	$6,000	$4,500
Kips Bay, New York, NY	$3,595	$4,255	$5,470	$4,550
Williamsburg, New York, NY	$3,850	$4,583	$5,031	$4,750
Greenwich Village, New York, NY	$4,125	$5,525	$7,798	$4,850
West Village, New York, NY	$3,925	$5,150	$6,725	$4,895
Lower East Side, New York, NY	$3,497	$4,325	$4,765	$4,990
Midtown, New York, NY	$3,700	$4,298	$6,600	$5,000
Upper West Side, New York, NY	$3,323	$4,495	$7,380	$5,000
Chelsea, New York, NY	$3,925	$5,600	$7,995	$5,398
Gramercy Park, New York, NY	$3,711	$5,550	$4,995	$5,495
NoMad, New York, NY	$4,335	$5,676	$8,291	$5,724

Top Counties Near Virginia

There are a total of 104 counties located by Virginia. Some of these counties include Cross Creek, Fayetteville, NC, Baltimore, MD, and Raleigh, NC. The average rent for rentals in these counties is $2,503. That's roughly around $2 per sqft. A total of 27 counties have a lower average rent. The county that is the most affordable is Scranton, PA. It's average rent per month is $1,300. Vice versa, with an average rent of $35,000, Southampton, NY is the most expensive county by Virginia.

Typically, rent for studios in Virginia is 43.82% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Virginia is 12.00% more expensive than other counties nearby. Finally, rent for two bedrooms in Virginia is 6.01% more expensive than other counties nearby. We've listed the top 10 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Cross Creek, Fayetteville, NC	N/A	$800	$1,030	$1,363
Baltimore, MD	$1,700	$1,300	$1,700	$1,800
Raleigh, NC	$2,600	$1,223	$1,775	$1,950
White Oak, NC	N/A	$1,489	$1,695	$2,250
Alexandria, VA	$1,850	$2,099	$2,710	$2,506
Arlington, VA	$2,088	$2,375	$3,374	$2,753
Washington, DC	$1,950	$2,400	$3,119	$2,850
Providence, VA	N/A	$2,200	$2,500	$2,933
Dulles, VA	N/A	$1,895	$2,375	$3,200
7, MD	$2,078	$2,585	$3,703	$3,720

Top Zipcodes Near Virginia

There are a total of 45 zipcodes in or near Virginia. The average rent for all of these zipcodes is $2,275. A total of 37 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 19131, Philadelphia, PA at $1,485 per month. In comparison, the zipcode with the most expensive average rent of $4,950 per month is 10023, New York, NY.

Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Virginia is $1,564 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,967 per month. Which comes out to $2 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
10128, New York, NY	$3,350	$4,137	$5,200	$4,000
10023, New York, NY	$3,400	$5,070	$8,295	$4,950
19104, Philadelphia, PA	$1,195	$1,463	$1,754	$1,700
30318, Atlanta, GA	$1,484	$1,640	$2,490	$2,499
30309, Atlanta, GA	$1,332	$1,884	$2,750	$2,401
60618, Chicago, IL	$1,600	$1,700	$1,975	$2,000
19128, Philadelphia, PA	$1,325	$1,495	$1,650	$1,600
30024, Gwinnett County, GA	N/A	$1,536	$1,920	$2,655
19144, Philadelphia, PA	$975	$1,325	$1,556	$1,516
22201, Arlington, VA	$2,035	$2,291	$3,417	$2,498

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 $2,700. 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 $1,900 and an average price per square feet of $3.55. There are a total of 37 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 $2,017 and an average price per square feet of $2.74. There are a total of 334 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 $2,400 and an average price per square feet of $2.24. There are a total of 534 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 0.41%, one bedroom rental prices have changed by 0.23%, two bedroom rental prices have changed by 0.23%, and three bedroom rental prices have changed by 0.15% year-over-year.

What is a reasonable rent price in Virginia?

A reasonable rent price in Virginia is around $2,160/month. You can search for these reasonably priced rental listings on RentHop.