Tech Terrace
301-307 Webb St,
Blacksburg, VA 24060
3-4 Beds | $799 - $3,196
Rental Market Trends in Blacksburg, VA
Updated September 2026
The average rent in Blacksburg, VA is $1,294/month.
Rent in Blacksburg is 22% lower than the national average rent of $1,665/month, making this one of the less expensive cities statewide.
$1,294/month
Average Rent
725 Sq Ft
Average Size
+2.2%
Change / Year
655
Available Apartments
Blacksburg rent varies by unit size and layout:
- Studio apartments in Blacksburg average $923 per month.
- One-bedroom apartments in Blacksburg average $1,294 per month.
- Two-bedroom apartments in Blacksburg average $1,485 per month.
- Three-bedroom apartments in Blacksburg average $1,872 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Blacksburg, VA?
In the past year, rent has increased by 2.2%, which averages out to $29 more per month.
Market Trends Over Time
September 2026
2025
2026
Rent Ranges in Blacksburg, VA
September 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
15%
$700 - $1,000/month
34%
$1,001 - $1,500/month
32%
$1,501 - $2,000/month
20%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Blacksburg?
Based on current rent prices, McBryde, Tom's Creek and Downtown Blacksburg are the most affordable neighborhoods in Blacksburg.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Blacksburg?
Based on current rent prices, University/Airport, Downtown Blacksburg and McBryde are the most expensive neighborhoods in Blacksburg.
Neighborhood
Average Rent
Average Sq Ft
Which Blacksburg neighborhoods have the most rentals available?
The neighborhoods in Blacksburg with the most apartments available are Downtown Blacksburg, McBryde and University/Airport .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Blacksburg, VA?
Because the average rent in Blacksburg is $1,294, you’ll want to make about $4,313 per month or $51,756 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 4.1% lower than the national average. Generally, housing in Blacksburg is 7.1% less expensive than the national average, with rent falling between $923 - $1,872. You can expect to pay 3.8% less for groceries, 10.4% less for utilities, and 5.4% less for transportation.
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.
View the Blacksburg Area GuideStudio
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-
One Bedroom
$1,093/month
$1,188/month
Two Bedroom
$1,322/month
$1,693/month
Three Bedroom
$2,118/month
$2,231/month
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
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Frequently Asked Questions
What is the average rent in Blacksburg?
The average rent in Blacksburg is $1,294 per month, which is 22.3% lower than the national average of $1,665.
What is the average rent for a house in Blacksburg?
The average rent for a house in Blacksburg, VA is $1,931 per month.
What is the average rent for a townhome in Blacksburg?
The average rent for a townhome in Blacksburg, VA is $1,555 per month.
Are rents going up or down in Blacksburg?
Rents in Blacksburg, VA are increasing, with prices up 2.2% year-over-year and $29 more per month.
What rent range is most common in Blacksburg?
In Blacksburg, VA, 34% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.
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 September 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.