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Rental Market Trends in Blacksburg, VA

What is the average rent in Blacksburg, VA?

$1,289/month

Average Rent

698 Sq Ft

Average Apartment Size

+2.9%

Increase in the Last Year

As of March 2026, the average rent in Blacksburg, VA is $1,289 per month. This is 21% lower than the national average rent of $1,626/month, making renting in Blacksburg more affordable than most cities in the US. When you rent an apartment in Blacksburg, you can expect to pay about $913 per month for a studio, $1,289 for a one-bedroom apartment, and around $1,482 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,838 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$913/month
391 Sq Ft
One Bedroom
$1,289/month
698 Sq Ft
Two Bedroom
$1,482/month
945 Sq Ft
Three Bedroom
$1,838/month
1,097 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,355/month
839 Sq Ft
Three Bedroom
$2,330/month
1,067 Sq Ft
Four Bedroom
$2,584/month
1,924 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$2,445/month
1,277 Sq Ft
Four Bedroom
$2,162/month
1,571 Sq Ft

How much has average rent changed in Blacksburg, VA?

In the past year, rent has increased by 2.9%, which averages out to $37 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated March 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Blacksburg, VA
Last Updated March 2026
$1,501 - $2,000
Most rental prices fall within this range
Rent Ranges in Blacksburg, VA
Percentage*
Rent Range
0% Below $700/month
18% $700 - $1,000/month
28% $1,001 - $1,500/month
36% $1,501 - $2,000/month
18% Above $2,000/month

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Blacksburg?

Based on current rent prices, Tom's Creek, McBryde and Downtown Blacksburg are the most affordable neighborhoods in Blacksburg.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Tom's Creek
$1,420/month
536 Sq Ft
McBryde
$1,434/month
620 Sq Ft
Downtown Blacksburg
$1,516/month
562 Sq Ft
Village at Blacksburg
$1,559/month
575 Sq Ft
University/Airport
$1,604/month
608 Sq Ft
Kabrich Crescent
$1,651/month
618 Sq Ft

What are the most expensive neighborhoods in Blacksburg?

Based on current rent prices, Kabrich Crescent, University/Airport and Village at Blacksburg are the most expensive neighborhoods in Blacksburg.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Kabrich Crescent
$1,651/month
618 Sq Ft
University/Airport
$1,604/month
608 Sq Ft
Village at Blacksburg
$1,559/month
575 Sq Ft
Downtown Blacksburg
$1,516/month
562 Sq Ft
McBryde
$1,434/month
620 Sq Ft
Tom's Creek
$1,420/month
536 Sq Ft

Which Blacksburg neighborhoods have the most rentals available?

The neighborhoods in Blacksburg with the most apartments available are Downtown Blacksburg, Kabrich Crescent and Village at Blacksburg .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Downtown Blacksburg
$1,516/month
562 Sq Ft
Kabrich Crescent
$1,651/month
618 Sq Ft
Village at Blacksburg
$1,559/month
575 Sq Ft
McBryde
$1,434/month
620 Sq Ft
University/Airport
$1,604/month
608 Sq Ft
Tom's Creek
$1,420/month
536 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in Blacksburg, VA?

Because the average rent in Blacksburg is $1,289, you’ll want to make about $4,296 per month or $51,552 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

Cost of Living

The cost of living in Blacksburg, VA is 4.4% lower than the national average. Generally, housing in Blacksburg is 8.3% less expensive than the national average, with rent falling between $913 - $1,838. You can expect to pay 3.8% less for groceries, 10.2% less for utilities, and 5.4% less for transportation.

City

Blacksburg, VA

711 Available Apartments for Rent

Search for Nearby Apartments

How does Blacksburg, VA compare to other nearby cities and neighborhoods?

Use the tool below to compare Blacksburg, VA to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Explore the Area Guide for Blacksburg, VA

Apartment Averages

Tom's Creek

Blacksburg, VA

Kabrich Crescent

Blacksburg, VA

Studio
-
-
One Bedroom
-
$1,313/month
Two Bedroom
-
$1,447/month
Three Bedroom
-
$1,702/month
Search
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Nearby City Rent Trends

  • Fairlawn Average Rent

Apartment communities in Blacksburg we think you'll love

Vue Apartments

Vue Apartments

1906 Research Center Dr,
Blacksburg, VA 24060

$1,600 - $2,600 Plus Fees

1-3 Beds | 12 Month Lease

The Reserve at Knollwood

The Reserve at Knollwood

2401 Pamela Way,
Blacksburg, VA 24060

$1,490 - $2,400 Plus Fees

1-3 Beds | 12 Month Lease

Highlands at Huckleberry Ridge

Highlands at Huckleberry Ridge

535 Blackrock Dr,
Blacksburg, VA 24060

$1,686 - $3,797 Plus Fees

1-3 Beds

The Summit at Uptown

The Summit at Uptown

1820 N Main St,
Blacksburg, VA 24061

$2,925 - $4,165 Total Monthly Price

3-4 Beds

Property Management Companies in Blacksburg, VA

Granite Student Living
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3 Communities in Blacksburg
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3 Communities in Blacksburg
Park Properties Management Co.
Park Properties Management Co.
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    Units

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1 Community in Blacksburg
Drucker & Falk
Drucker & Falk
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1 Community in Blacksburg
Core Spaces
Core Spaces
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1 Community in Blacksburg
Beacon Property Management
Beacon Property Management
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1 Community in Blacksburg

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United States Virginia Blacksburg Rental Trends

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity