Tech Terrace
301-307 Webb St,
Blacksburg, VA 24060
$799 - $3,196 Total Monthly Price
3-4 Beds
Rental Market Trends in Blacksburg, VA
What is the average rent in Blacksburg, VA?
$1,287/month
Average Rent
697 Sq Ft
Average Apartment Size
+3.9%
Increase in the Last Year
Blacksburg, VA Rental Market Overview
The average rent in Blacksburg, VA is $1,287 per month. This is 22% lower than the national average rent of $1,644/month, making renting in Blacksburg more affordable than most cities in the US.
- Studio apartments in Blacksburg average $889 per month.
- One-bedroom apartments in Blacksburg average $1,287 per month.
- Two-bedroom apartments in Blacksburg average $1,477 per month.
- Three-bedroom apartments in Blacksburg average $1,841 or more per month.
Data Updated: June, 2026
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Blacksburg, VA?
In the past year, rent has increased by 3.9%, which averages out to $51 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 June 2026
Legend
2025
2026
Rent Ranges in Blacksburg, VA
Last Updated June 2026
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
20%
$700 - $1,000/month
27%
$1,001 - $1,500/month
32%
$1,501 - $2,000/month
22%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Blacksburg?
Based on current rent prices, Downtown Blacksburg is the most affordable neighborhood in Blacksburg.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Blacksburg?
Based on current rent prices, Downtown Blacksburg is the most expensive neighborhood in Blacksburg.
Neighborhood
Average Rent
Average Sq Ft
Which Blacksburg neighborhoods have the most rentals available?
The neighborhood in Blacksburg with the most apartments available is Downtown Blacksburg .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Blacksburg, VA?
Because the average rent in Blacksburg is $1,287, you’ll want to make about $4,290 per month or $51,480 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 $889 - $1,841. You can expect to pay 3.8% less for groceries, 10.2% 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.
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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 June 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.