Alexandria, Virginia Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Alexandria, Virginia rental market.
Highlights
An apartment for rent in Alexandria, Virginia typically goes for $2,204 per month, while a single-family home for rent in Alexandria, Virginia has a monthly cost of around $3,675. Renter-occupied units make up 57% of the local housing market, while the rental vacancy rate in Alexandria, Virginia is at 4.
Alexandria, Virginia
Average Apartment Rent
$2,204
Y-o-Y Change in Average
Apartment Rent
5.6%
Average Single-Family Rent
$3,675
As of November 2024
Compared to a year ago, Alexandria, Virginia apartments have recorded a 5.6% rent increase.
Alexandria, Virginia Average apartment rent trend
Alexandria, Virginia Average Apartment Rent
Alexandria, Virginia Apartment rent ranges
At 58.48%, apartments priced Over $2,000 represent the bulk of Alexandria, Virginia rentals, while condos priced $700 - $1000 hold the lowest share of the market – 0.13%.
Alexandria, Virginia Housing tenure**
Renters take up 57% of Alexandria, Virginia real estate, occupying a total of 42,885 units, while homeowners live in 31,933 properties.
Median number of rooms of renter-occupied housing units**
3.6
Renter median household income**
$87,416
Average household size of renter-occupied housing units**
2.06
Rental vacancy rate**
4%
Alexandria, Virginia Renter-occupied housing units by no. of bedrooms**
There are 16,477 rentals in Alexandria, Virginia with 1 bed making up the highest share of the market, at 38%. Units with 4 beds, on the other hand, hold the lowest percentage (2%), amounting to 959 units. Overall, the median number of rooms in Alexandria, Virginia homes for rent is 3.6.
Alexandria, Virginia Renter-occupied units by age of householder**
Most condos for rent in Alexandria, Virginia are occupied by residents in the 25 - 34 years age group (32%), followed by those in the 35 - 44 years age group (25%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 2%.
Alexandria, Virginia Renter-occupied housing units by family type**
Alexandria, Virginia Renter-occupied housing units by the presence of own children**
A total of 17,272 apartments for rent in Alexandria, Virginia, or 40% of all rentals are family households. Additionally, 20% of rental homes include children under the age of 18 – that’s 8,665 units. All in all, the median size of a renter-occupied household in Alexandria, Virginia is 2.06.
Alexandria, Virginia Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 60% of the rental market. In contrast, residents with less than a high school degree reside in 7% of the homes for rent in Alexandria, Virginia.
Alexandria, Virginia Renter-occupied units by year structure built**
The highest share of Alexandria, Virginia apartment rentals, namely 18% or 7,661 units, were Built 1960 - 1969, followed by those Built 1970 - 1979 (17%, 7,390 units), and the ones Built 2000 - 2009 (11%, 4,900 units).
Alexandria, Virginia Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Alexandria, Virginia renters (41%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Alexandria, Virginia condos for rent is 2018.
Alexandria, Virginia Renter-occupied housing units by vehicles available**
When it comes to transportation options, 56% of Alexandria, Virginia renters have 1 vehicle available per household, 24% of them have 2 vehicles available, and 15% have No vehicle available.
Alexandria, Virginia Means of transportation to work of householders living in renter-occupied housing units**
Alexandria, Virginia Geographical mobility in the past year for householders living in renter-occupied housing units**
Alexandria, Virginia Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Alexandria, Virginia apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
