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Rental Market Trends in Danville, VA

What is the average rent in Danville, VA?

$987/month

Average Rent

737 Sq Ft

Average Apartment Size

+0.6%

Increase in the Last Year

As of August 2025, the average rent in Danville, VA is $987 per month. This is 40% lower than the national average rent of $1,638/month, making renting in Danville more affordable than most cities in the US. When you rent an apartment in Danville, you can expect to pay about per month for a studio, $987 for a one-bedroom apartment, and around $965 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,215 or more.

Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$987/month
737 Sq Ft
Two Bedroom
$965/month
949 Sq Ft
Three Bedroom
$1,215/month
1,204 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,236/month
644 Sq Ft
Three Bedroom
$1,409/month
2,145 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 Danville, VA?

In the past year, rent has increased by 0.6%, which averages out to $6 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 August 2025
Legend
2024 2025
Market Trends Over Time

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

Because the average rent in Danville is $987, you’ll want to make about $3,290 per month or $39,480 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 Danville, VA is 11.2% lower than the national average. Generally, housing in Danville is 21.2% less expensive than the national average, with rent falling between $0 - $1,215. You can expect to pay 3.1% less for groceries, 9.3% less for utilities, and 10.0% less for transportation.

City

Danville, VA

106 Available Apartments for Rent

Search for Nearby Apartments

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

Use the tool below to compare Danville, 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

Apartment communities in Danville we think you'll love

Hawthorne Apartments

Hawthorne Apartments

480 W Main St,
Danville, VA 24541

2 Beds | $1,650

58 West Apartments

58 West Apartments

12265 Martinsville Hwy,
Danville, VA 24541

2 Beds | $1,000 - $1,350

TB Fitzgerald

TB Fitzgerald

227 Lynn St,
Danville, VA 24541

1-2 Beds | $1,220 - $1,795

The View at Franklin

The View at Franklin

340 E Franklin Tpke,
Danville, VA 24540

1-3 Beds | $1,395 - $2,395

Learn More with Helpful Articles

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United States Virginia Danville 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 June 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity