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Rental Market Trends in Broadway, VA

What is the average rent in Broadway, VA?

$573/month

Average Rent

752 Sq Ft

Average Apartment Size

+1.4%

Increase in the Last Year

As of May 2025, the average rent in Broadway, VA is $573 per month. This is 65% lower than the national average rent of $1,625/month, making renting in Broadway more affordable than most cities in the US. When you rent an apartment in Broadway, you can expect to pay about per month for a studio, $573 for a one-bedroom apartment, and around for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $771 or more.

Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$573/month
752 Sq Ft
Three Bedroom
$771/month
1,283 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 Broadway, VA?

In the past year, rent has increased by 1.4%, which averages out to $8 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 May 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in Broadway, VA
Last Updated May 2025
$700 - $1,000
Most rental prices fall within this range
Rent Ranges in Broadway, VA
Percentage*
Rent Range
0% Below $700/month
100% $700 - $1,000/month
0% $1,001 - $1,500/month
0% $1,501 - $2,000/month
0% Above $2,000/month

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

Because the average rent in Broadway is $573, you’ll want to make about $1,910 per month or $22,920 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.

City

Broadway, VA

1 Available Apartments for Rent

Search for Nearby Apartments

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

Use the tool below to compare Broadway, 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.

Apartment Averages

Nearby City Rent Trends

  • Harrisonburg Average Rent

Apartment communities in Broadway we think you'll love

182 Church St

182 Church St

182 Church St,
Broadway, VA 22815

1 Bed | $750

North 38

North 38

1190 Meridian Cir,
Harrisonburg, VA 22802

3-4 Beds | $634 - $719

Longview Oaks Apartments

Longview Oaks Apartments

480-591 Vine St,
Harrisonburg, VA 22802

1-3 Beds | $1,300 - $1,900

1044 N Main St

1044 N Main St

1044 N Main St,
Harrisonburg, VA 22802

2 Beds | $1,850

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United States Virginia Broadway 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 2025.

* Percentages may not total 100 due to rounding.

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© 2025 CoStar Group, Inc.

Equal Housing Opportunity