Average Rent Prices in Vermont (VT)
$1,1391
Studio
$1,2381
1BR
$1,6151
2BR
$1,9821
3BR
$2,1701
4BR
As of 2023, the overall average fair market rent for a residential rental property in Vermont is $1,629. Average rent prices in Vermont sit above the national average rent of $1,274, in which Vermont ranks as the 8th highest rent among all 50 states and the 43rd lowest rent among all 50 states within the United States. In Vermont’s large metropolitan areas such as Burlington, VT, the average rent prices tend to be higher, while alternative areas such as Essex Junction, VT, can provide more affordable options.
1Based on average of Fair Market Rents (FMRs) for 0-4 bedroom residential rental units throughout the United States, excluding Puerto Rico.
Rent Rankings
8th
Highest Rent Among 50 States
43rd
Lowest Rent Among 50 States
Above
The National Rent Average
Definitions
Studio – A one-room unit with a private bathroom.
1BR – A unit that has a separate bathroom and a separate bedroom.
2BR – A unit that has two separate and distinct bedrooms.
3BR – A unit that has 3 separate and distinct bedrooms.
4BR – A unit that has 4 separate and distinct bedrooms.
Fair Market Rent – Gross rent estimate for a standard rental unit in a given market.
Average Rent Prices in Vermont (VT) Visual Chart
Average Rent Prices in Vermont (VT) by Metro Area
| wdt_ID | Metro | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|---|
| 1 | Burlington-South Burlington, VT MSA | 1.139 | 1.238 | 1.615 | 1.982 | 2.170 |
| Metro | Studio | 1BR | 2BR | 3BR | 4BR |
Based on average of Fair Market Rents (FMRs) for 0-4 bedroom residential rental units throughout United States excluding Puerto Rico for calendar year 2023.
Methodology
Areas with insufficient inventory or populations less than 25,000 were excluded from this analysis. Averages are based on the combined average of 0-4 bedroom residential rental properties throughout the United States excluding Puerto Rico.
Data
Rent prices are based on aggregated data from one and/or several sources noted below:
Disclaimer
The information included is used for illustrative purposes only. The data contained herein does not constitute financial, legal, or any material advice. Data is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals before making any material decisions.
The #1 Rental Property Newsletter
Once a month, we send out an exclusive Rental Property Market Update with top stories, current mortgage rates, building products, and more. No spam and unsubscribe anytime.
The Ultimate Guide to Rent Payments
Rent payments are the financial lifeblood for rental properties, but require fair and competitive pricing and effective collections.
The Ultimate Guide to Security Deposits
Security deposits play a key role in risk mitigation against potential tenant-related damages or contractual breaches.
The Ultimate Guide to Rental Utilities
Rental property utilities whether they are included or not, represent a significant consideration for both landlords and tenants.
Average Rent Prices in Other US States 2023
Click a State to see a detailed breakdown of average rents in that state.
Average Rent in the United States
Average rent prices across the United States provide excellent insights into highs, lows, and emerging market trends.
Cheapest Rent in the United States
The cheapest rent in the U.S. is an appealing topic for thrifty tenants and investors seeking lower price point properties.
Most Expensive Rent in the United States
It’s no secret that rents have been continually on the rise, but where are rents really the highest in the United States?