Virginia (VA) Average Rent Prices 2024

Average Rent Prices in Virginia (VA)

$9891

Studio

$1,0221

1BR

$1,2181

2BR

$1,5961

3BR

$1,9381

4BR

As of 2024, the overall average fair market rent for a residential rental property in Virginia is $1,352. Average rent prices in Virginia sit just below the national average rent of $1,274, in which Virginia ranks as the 21st highest rent among all 50 states and the 30th lowest rent among all 50 states within the United States. In Virginia’s large metropolitan areas such as Chesapeake, VA, the average rent prices tend to be higher, while alternative areas such as Suffolk, VA, can provide more affordable options.

Virginia (VA) National Rent Rankings

21st

Highest Rent Among 50 States

30th

Lowest Rent Among 50 States

Below

The National Rent Average

Average Rent Prices in Virginia (VA) Visual Chart

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 Virginia (VA) by Metro Area

wdt_ID Metro Studio 1BR 2BR 3BR 4Br
1 Blacksburg-Christiansburg-Radford, VA HUD Metro FMR Area 993 999 1.261 1.721 2.140
2 Charlottesville, VA MSA 1.392 1.415 1.678 2.114 2.608
3 Culpeper County, VA HUD Metro FMR Area 953 959 1.251 1.609 1.889
4 Franklin County, VA HUD Metro FMR Area 690 772 905 1.169 1.329
5 Giles County, VA HUD Metro FMR Area 742 806 905 1.179 1.245
6 Harrisonburg, VA MSA 921 927 1.203 1.619 2.041
7 King and Queen County, VA HUD Metro FMR Area 947 973 1.092 1.539 1.708
8 Kingsport-Bristol-Bristol, TN-VA MSA 677 717 905 1.179 1.335
9 Lynchburg, VA MSA 984 966 1.203 1.494 1.627
10 Madison County, VA HUD Metro FMR Area 786 792 1.092 1.285 1.526
11 Pulaski County, VA HUD Metro FMR Area 742 806 905 1.242 1.536
12 Rappahannock County, VA HUD Metro FMR Area 1.040 1.069 1.200 1.451 2.036
13 Richmond, VA MSA 1.328 1.365 1.532 1.959 2.393
14 Roanoke, VA HUD Metro FMR Area 811 894 1.088 1.513 1.760
15 Southampton County-Franklin city, VA HUD Metro FMR Area 908 910 1.053 1.339 1.787
16 Staunton-Waynesboro, VA MSA 981 987 1.149 1.616 1.922
17 Virginia Beach-Norfolk-Newport News, VA-NC HUD Metro FMR Area 1.279 1.287 1.493 2.079 2.532
18 Warren County, VA HUD Metro FMR Area 881 887 1.165 1.527 1.977
19 Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area 1.772 1.803 2.045 2.544 3.015
20 Winchester, VA-WV MSA 983 1.104 1.390 1.734 2.347
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 2024.

Virginia (VA) Residential Rental Agreements

Virginia (VA) residential lease agreement is a rental property document that includes the terms and conditions between a landlord who rents the property and the tenant in the state of Virginia. The contract outlines essential information, such as rent amount, applicable late fees, grace periods, and landlord-tenant responsibilities.

Average Rent Prices in Other US States 2024

Rent prices for each state across the United States can greatly vary. Click on a State below to see the specific fair market residential rent prices for that state:

The Ultimate Guide to Rent Payments

Rental Property 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

Rental Property 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

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Average Rent in the United States

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?

Rental Property Calculators

Our rental property calculators help you easily calculate common metrics such as rent increases, late fees, and more. Click on a calculator or button below to start using them for free – no sign up required.

1Based on average of Fair Market Rents (FMRs) for 0-4 bedroom residential rental units throughout the United States, excluding Puerto Rico.

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.

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