Blacksburg, 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 Blacksburg, Virginia rental market.
Blacksburg, Virginia
Average Apartment Rent
$2,334
Y-o-Y Change in Average
Apartment Rent
4.8%
As of May 2026
Compared to a year ago, Blacksburg, Virginia apartments have recorded a 4.8% rent increase.
Blacksburg, Virginia Average apartment rent trend
Blacksburg, Virginia Average Apartment Rent
Blacksburg, Virginia Apartment rent ranges
At 27.48%, apartments priced Over $3,000 represent the bulk of Blacksburg, Virginia rentals, while condos priced Under $1,000 hold the lowest share of the market – 3.92%.
Blacksburg, Virginia Housing tenure**
Renters take up 67% of Blacksburg, Virginia real estate, occupying a total of 8,899 units, while homeowners live in 4,419 properties.
Median number of rooms of renter-occupied housing units**
4.1
Renter median household income**
$22,133
Average household size of renter-occupied housing units**
2.72
Rental vacancy rate**
3.4%
Blacksburg, Virginia Renter-occupied housing units by no. of bedrooms**
There are 3,308 rentals in Blacksburg, Virginia with 2 beds making up the highest share of the market, at 37%. Units with No bedrooms, on the other hand, hold the lowest percentage (2%), amounting to 217 units. Overall, the median number of rooms in Blacksburg, Virginia homes for rent is 4.1.
Blacksburg, Virginia Renter-occupied units by age of householder**
Most condos for rent in Blacksburg, Virginia are occupied by residents in the 15 - 24 years age group (48%), followed by those in the 25 - 34 years age group (28%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 1%.
Blacksburg, Virginia Renter-occupied housing units by family type**
Blacksburg, Virginia Renter-occupied housing units by the presence of own children**
A total of 1,666 apartments for rent in Blacksburg, Virginia, or 19% of all rentals are family households. Additionally, 11% of rental homes include children under the age of 18 – that’s 1,016 units. All in all, the median size of a renter-occupied household in Blacksburg, Virginia is 2.72.
Blacksburg, Virginia Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 45% of the rental market. In contrast, residents with less than a high school degree reside in 1% of the homes for rent in Blacksburg, Virginia.
Blacksburg, Virginia Renter-occupied units by year structure built**
The highest share of Blacksburg, Virginia apartment rentals, namely 23% or 2,017 units, were Built 1970 - 1979, followed by those Built 1980 - 1989 (22%, 1,965 units), and the ones Built 2000 - 2009 (12%, 1,094 units).
Blacksburg, Virginia Renter-occupied units by year householder moved in**
Median year renter moved into unit 2019
Most Blacksburg, Virginia renters (47%) moved in 2018 to 2020, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Blacksburg, Virginia condos for rent is 2019.
Blacksburg, Virginia Renter-occupied housing units by vehicles available**
When it comes to transportation options, 43% of Blacksburg, Virginia renters have 1 vehicle available per household, 28% of them have 2 vehicles available, and 13% have 3 vehicles available.
Blacksburg, Virginia Means of transportation to work of householders living in renter-occupied housing units**
Blacksburg, Virginia Geographical mobility in the past year for householders living in renter-occupied housing units**
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 Blacksburg, 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
