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Rental Market Trends in Virginia

Updated July 2026

$1,812/month

Average Rent

+0.6%

Increase in the Last Year

+$11

Average Price Increase

Ranked 12th

Most Expensive Rent by State

50,880

Available Rentals

Lynchburg, VA

City with the Lowest Rent

What is the average rent in Virginia?

As of July 2026, the average rent in Virginia is $1,812/month. When you rent an apartment in Virginia, you can expect some variability depending on the region. For instance, metropolitan areas may have higher rents than smaller towns and rural areas. In general, you can expect to pay about $1,703 per month for a studio, $1,812 for a one-bedroom apartment, and around $2,006 for a two-bedroom apartment in Virginia. If you opt for a three-bedroom rental, you could pay $2,335 or more.

Bedrooms
Average Rent
Average Sq Ft
Studio
$1,703/month
514 Sq Ft
One Bedroom
$1,812/month
727 Sq Ft
Two Bedroom
$2,006/month
1,013 Sq Ft
Three Bedroom
$2,335/month
1,289 Sq Ft

Rent by City

  • Most Affordable
  • Most Expensive

What are the most affordable cities in Virginia?

Based on current rent prices, the cheapest cities in Virginia to live are Lynchburg, Roanoke and Harrisonburg.

Calculate Rent Affordability
City
Average Rent
Average Sq Ft
Lynchburg
$1,014/month
724 Sq Ft
Roanoke
$1,121/month
670 Sq Ft
Harrisonburg
$1,252/month
678 Sq Ft
Blacksburg
$1,284/month
698 Sq Ft
Portsmouth
$1,287/month
714 Sq Ft
Newport News
$1,307/month
689 Sq Ft
Norfolk
$1,380/month
670 Sq Ft
Hampton
$1,406/month
705 Sq Ft
Richmond
$1,440/month
684 Sq Ft
Virginia Beach
$1,635/month
754 Sq Ft

What are the most expensive cities in Virginia?

Based on current rent prices, the most expensive cities in Virginia to live are McLean, Arlington and Reston.

Calculate Rent Affordability
City
Average Rent
Average Sq Ft
McLean
$2,488/month
775 Sq Ft
Arlington
$2,391/month
738 Sq Ft
Reston
$2,366/month
757 Sq Ft
Ashburn
$2,262/month
788 Sq Ft
Leesburg
$2,090/month
734 Sq Ft
Centreville
$2,059/month
752 Sq Ft
Alexandria
$1,997/month
732 Sq Ft
Charlottesville
$1,768/month
714 Sq Ft
Chesapeake
$1,765/month
773 Sq Ft
Suffolk
$1,638/month
782 Sq Ft
This information is based on data collected by CoStar Group researchers.†

State

Virginia

50,880 Available Apartments for Rent

Search for Nearby Apartments

Nearby State Markets


Maryland
$1,683/mo. avg.
+0.2% YOY
West Virginia
$977/mo. avg.
+2.3% YOY
Kentucky
$1,090/mo. avg.
+1.5% YOY
North Carolina
$1,363/mo. avg.
-0.7% YOY

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US Rent Trends Virginia

Methodology

† 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.


State graphics provided by ProPublica    Copyright (c) 2012, ProPublica

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© 2026 CoStar Group, Inc.

Equal Housing Opportunity