Independence Place
5000 Owens Way,
Prince George, VA 23875
1-4 Beds | $1,489 - $2,990
Rental Market Trends in Prince George, VA
Updated August 2026
The average rent in Prince George, VA is $1,570/month.
Rent in Prince George is roughly equal to the national average rent of of $1,663/month.
$1,570/month
Average Rent
740 Sq Ft
Average Size
-11.5%
Change / Year
42
Available Apartments
Prince George rent varies by unit size and layout:
- Studio apartments in Prince George average per month.
- One-bedroom apartments in Prince George average $1,570 per month.
- Two-bedroom apartments in Prince George average $1,421 per month.
- Three-bedroom apartments in Prince George average $1,665 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Prince George, VA?
In the past year, rent has decreased by 11.5%, which averages out to $181 less per month.
Market Trends Over Time
August 2026
2025
2026
Rent Ranges in Prince George, VA
August 2026
$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
25%
$1,501 - $2,000/month
0%
Above $2,000/month
Rent by Neighborhood
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 $1,570, you’ll want to make about $5,233 per month or $62,796 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.
View the Prince George Area GuideStudio
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One Bedroom
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Two Bedroom
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Three Bedroom
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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 Prince George?
The average rent in Prince George is $1,570 per month, which is 5.6% lower than the national average of $1,663.
Are rents going up or down in Prince George?
Rents in Prince George, VA are decreasing, with prices down 11.5% year-over-year and $181 less per month.
What rent range is most common in Prince George?
In Prince George, VA, 50% 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 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.