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Rental Market Trends in Blacksburg, VA

What is the average rent in Blacksburg, VA?

$1,236/month

Average Rent

726 Sq Ft

Average Apartment Size

+2.6%

Increase in the Last Year

As of July 2025, the average rent in Blacksburg, VA is $1,236 per month. This is 24% lower than the national average rent of $1,635/month, making renting in Blacksburg more affordable than most cities in the US. When you rent an apartment in Blacksburg, you can expect to pay about $893 per month for a studio, $1,236 for a one-bedroom apartment, and around $1,441 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,772 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$893/month
391 Sq Ft
One Bedroom
$1,236/month
726 Sq Ft
Two Bedroom
$1,441/month
973 Sq Ft
Three Bedroom
$1,772/month
1,090 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$2,269/month
1,231 Sq Ft
Four Bedroom
$2,772/month
2,136 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$2,099/month
1,559 Sq Ft

How much has average rent changed in Blacksburg, VA?

In the past year, rent has increased by 2.6%, which averages out to $33 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
Market Trends Over Time
Rent Ranges in Blacksburg, VA
Last Updated July 2025
$1,501 - $2,000
Most rental prices fall within this range
Rent Ranges in Blacksburg, VA
Percentage*
Rent Range
0% Below $700/month
17% $700 - $1,000/month
29% $1,001 - $1,500/month
37% $1,501 - $2,000/month
17% Above $2,000/month

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Blacksburg?

Based on current rent prices, Village at Blacksburg, Downtown Blacksburg and McBryde are the most affordable neighborhoods in Blacksburg.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Village at Blacksburg
$1,262/month
650 Sq Ft
Downtown Blacksburg
$1,314/month
631 Sq Ft
McBryde
$1,329/month
632 Sq Ft

What are the most expensive neighborhoods in Blacksburg?

Based on current rent prices, McBryde, Downtown Blacksburg and Village at Blacksburg are the most expensive neighborhoods in Blacksburg.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
McBryde
$1,329/month
632 Sq Ft
Downtown Blacksburg
$1,314/month
631 Sq Ft
Village at Blacksburg
$1,262/month
650 Sq Ft

Which Blacksburg neighborhoods have the most rentals available?

The neighborhoods in Blacksburg with the most apartments available are Downtown Blacksburg, McBryde and Village at Blacksburg .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Downtown Blacksburg
$1,314/month
631 Sq Ft
McBryde
$1,329/month
632 Sq Ft
Village at Blacksburg
$1,262/month
650 Sq Ft
This information is based on data collected by CoStar Group researchers.†

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

Because the average rent in Blacksburg is $1,236, you’ll want to make about $4,120 per month or $49,440 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 Blacksburg, VA is 5.9% lower than the national average. Generally, housing in Blacksburg is 11.9% less expensive than the national average, with rent falling between $893 - $1,772. You can expect to pay 3.8% less for groceries, 9.7% less for utilities, and 6.1% less for transportation.

City

Blacksburg, VA

656 Available Apartments for Rent

Search for Nearby Apartments

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

Use the tool below to compare Blacksburg, 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.

Explore the Area Guide for Blacksburg, VA

Apartment Averages

Village at Blacksburg

Blacksburg, VA

McBryde

Blacksburg, VA

Loading Results...

Studio
-
-
One Bedroom
-
$1,086/month
Two Bedroom
-
$1,280/month
Three Bedroom
-
$1,933/month
Search
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Nearby City Rent Trends

  • Fairlawn Average Rent

Apartment communities in Blacksburg we think you'll love

Highlands at Huckleberry Ridge

Highlands at Huckleberry Ridge

535 Blackrock Dr,
Blacksburg, VA 24060

1-3 Beds | $1,625 - $1,835

Collegiate Court Apartments

Collegiate Court Apartments

100 Collegiate Ct,
Blacksburg, VA 24060

4 Beds | $3,400 - $3,800

Terrace View

Terrace View

413 Hunt Club Rd,
Blacksburg, VA 24060

1-4 Beds | $765 - $1,445

Foxridge Apartment Homes

Foxridge Apartment Homes

750 Hethwood Blvd,
Blacksburg, VA 24060

1-5 Beds | $1,359 - $3,344

Property Management Companies in Blacksburg, VA

Granite Student Living
Granite Student Living
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  • 1,344

    Units

  • 9

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15 Communities in Blacksburg
Solomon Organization
Solomon Organization
  • 54

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  • 21,307

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  • 44

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3 Communities in Blacksburg
Coastal Ridge Real Estate
Coastal Ridge Real Estate
  • 102

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  • 23,972

    Units

  • 56

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2 Communities in Blacksburg
Park Properties Management Co.
Park Properties Management Co.
  • 21

    Communities

  • 2,835

    Units

  • 17

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2 Communities in Blacksburg
Greystar
Greystar
  • 3,262

    Communities

  • 907,505

    Units

  • 842

    Cities

1 Community in Blacksburg
Drucker & Falk
Drucker & Falk
  • 159

    Communities

  • 38,271

    Units

  • 60

    Cities

1 Community in Blacksburg
Core Spaces
Core Spaces
  • 44

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  • 10,682

    Units

  • 30

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1 Community in Blacksburg
Beacon Property Management
Beacon Property Management
  • 37

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  • 9,230

    Units

  • 26

    Cities

1 Community in Blacksburg

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United States Virginia Blacksburg 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