Virginia renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in the purple and dark green areas.
Rental Price Key
Luxury
High-end
Mid-tier
Most affordable
On average, the cost of rent in Virginia is about $1,617 per month. This puts it in the 88th percentile compared to the nation average cost of rent, which is $1,385. Households in Virginia have a median income of $7,315 per month so the average renter in Virginia is spending roughly 22% of their earnings on housing.
Nationally, and in Virginia, home values are the data point most closely correlated with the cost of rent. The median price of a home in Virginia is $435,378 right now, which is higher than states nearby, meaning that rents in Virginia also tend to be higher versus these nearby states.
Higher rent prices are common in the northeastern parts of Virginia while lower rent rates are often available in southwestern areas.
Nearby States
- District of Columbia: more expensive rent prices
- Maryland: more expensive rent prices
- West Virginia: less expensive rent prices
- North Carolina: less expensive rent prices
- Delaware: less expensive rent prices
- Pennsylvania: less expensive rent prices
- New Jersey: more expensive rent prices
- South Carolina: less expensive rent prices
- Ohio: less expensive rent prices
- New York: less expensive rent prices
States with Similar Populations
- New Jersey: more expensive rent prices
- Washington: less expensive rent prices
- Arizona: less expensive rent prices
- Massachusetts: less expensive rent prices
- Michigan: less expensive rent prices
- North Carolina: less expensive rent prices
- Indiana: less expensive rent prices
- Tennessee: less expensive rent prices
- Georgia: less expensive rent prices
- Missouri: less expensive rent prices
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