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Rental Market Trends in Virginia, MN

What is the average rent in Virginia, MN?

$804/month

Average Rent

553 Sq Ft

Average Apartment Size

+5.4%

Increase in the Last Year

As of October 2025, the average rent in Virginia, MN is $804 per month. This is 51% lower than the national average rent of $1,630/month, making renting in Virginia more affordable than most cities in the US. When you rent an apartment in Virginia, you can expect to pay about $619 per month for a studio, $804 for a one-bedroom apartment, and around $979 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $995 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$619/month
399 Sq Ft
One Bedroom
$804/month
553 Sq Ft
Two Bedroom
$979/month
899 Sq Ft
Three Bedroom
$995/month
1,000 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 Virginia, MN?

In the past year, rent has increased by 5.4%, which averages out to $44 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 October 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in Virginia, MN
Last Updated October 2025
$700 - $1,000
Most rental prices fall within this range
Rent Ranges in Virginia, MN
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 Virginia, MN?

Because the average rent in Virginia is $804, you’ll want to make about $2,680 per month or $32,160 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

Virginia, MN

48 Available Apartments for Rent

Search for Nearby Apartments

How does Virginia, MN compare to other nearby cities and neighborhoods?

Use the tool below to compare Virginia, MN 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.

Explore the Area Guide for Virginia, MN

Apartment Averages

Nearby City Rent Trends

  • Mountain Iron Average Rent

Apartment communities in Virginia we think you'll love

Meadowbrook Apartments

Meadowbrook Apartments

8392 Jasmine St,
Virginia, MN 55792

$875 - $1,050 Plus Fees

1-2 Beds | 12 Month Lease

Alice Nettell Towers

Alice Nettell Towers

550 N 3rd Ave,
Virginia, MN 55792

$765 Plus Fees

Studio | 12 Month Lease

Marlin Manor

Marlin Manor

206 4th Ave S,
Virginia, MN 55792

$575 - $650 Plus Fees

Studio | 12 Month Lease

Ivy Manor Apartments

Ivy Manor Apartments

201 N 5th Ave S,
Virginia, MN 55792

$585 - $870 Plus Fees

Studio - 2 Beds

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United States Minnesota Virginia 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 September 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity