Independence Place Prince George
5000 Owens Way,
Prince George, VA 23875
1-4 Beds | $1,596 - $3,649
Rental Market Trends in Prince George, VA
What is the average rent in Prince George, VA?
$1,723/month
Average Rent
740 Sq Ft
Average Apartment Size
+10.1%
Increase in the Last Year
As of July 2025, the average rent in Prince George, VA is $1,723 per month. For comparison, the national average rent price in the US is currently $1,637/month, which means Prince George rent prices are 5% higher than the national average. When you rent an apartment in Prince George, you can expect to pay about per month for a studio, $1,723 for a one-bedroom apartment, and around $1,528 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,642 or more.
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 Prince George, VA?
In the past year, rent has increased by 10.1%, which averages out to $175 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 July 2025
Legend
2024
2025
Rent Ranges in Prince George, VA
Last Updated July 2025
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
25%
$700 - $1,000/month
50%
$1,001 - $1,500/month
0%
$1,501 - $2,000/month
25%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Prince George?
Based on current rent prices, Petersburg-Prince George is the most affordable neighborhood in Prince George.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Prince George?
Based on current rent prices, Petersburg-Prince George is the most expensive neighborhood in Prince George.
Neighborhood
Average Rent
Average Sq Ft
Which Prince George neighborhoods have the most rentals available?
The neighborhood in Prince George with the most apartments available is Petersburg-Prince George .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Prince George, VA?
Because the average rent in Prince George is $1,723, you’ll want to make about $5,743 per month or $68,916 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.
How does Prince George, VA compare to other nearby cities and neighborhoods?
Use the tool below to compare Prince George, 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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Three Bedroom
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Nearby City Rent Trends
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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 2025.
* Percentages may not total 100 due to rounding.