Cherry Hill, 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 Cherry Hill, Virginia rental market.
Cherry Hill, Virginia
Average Apartment Rent
$2,146
Y-o-Y Change in Average
Apartment Rent
5.2%
As of March 2026
Compared to a year ago, Cherry Hill, Virginia apartments have recorded a 5.2% rent increase.
Cherry Hill, Virginia Average apartment rent trend
Cherry Hill, Virginia Average Apartment Rent
Cherry Hill, Virginia Apartment rent ranges
At 35.91%, apartments priced $1,500 - $2,000 represent the bulk of Cherry Hill, Virginia rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 5.7%.
Cherry Hill, Virginia Housing tenure**
Renters take up 40% of Cherry Hill, Virginia real estate, occupying a total of 2,916 units, while homeowners live in 4,356 properties.
Median number of rooms of renter-occupied housing units**
4.3
Renter median household income**
$59,039
Average household size of renter-occupied housing units**
2.75
Rental vacancy rate**
4.1%
Cherry Hill, Virginia Renter-occupied housing units by no. of bedrooms**
There are 1,101 rentals in Cherry Hill, Virginia with 2 beds making up the highest share of the market, at 38%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 21 units. Overall, the median number of rooms in Cherry Hill, Virginia homes for rent is 4.3.
Cherry Hill, Virginia Renter-occupied units by age of householder**
Most condos for rent in Cherry Hill, Virginia are occupied by residents in the 35 - 44 years age group (27%), followed by those in the 25 - 34 years age group (27%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 3%.
Cherry Hill, Virginia Renter-occupied housing units by family type**
Cherry Hill, Virginia Renter-occupied housing units by the presence of own children**
A total of 1,590 apartments for rent in Cherry Hill, Virginia, or 55% of all rentals are family households. Additionally, 44% of rental homes include children under the age of 18 – that’s 1,279 units. All in all, the median size of a renter-occupied household in Cherry Hill, Virginia is 2.75.
Cherry Hill, Virginia Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 24% of the rental market. In contrast, residents with less than a high school degree reside in 10% of the homes for rent in Cherry Hill, Virginia.
Cherry Hill, Virginia Renter-occupied units by year structure built**
The highest share of Cherry Hill, Virginia apartment rentals, namely 39% or 1,126 units, were Built 1990 - 1999, followed by those Built 2000 - 2009 (26%, 753 units), and the ones Built 1980 - 1989 (14%, 407 units).
Cherry Hill, Virginia Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Cherry Hill, Virginia renters (47%) moved in 2010 to 2017, while only 6% of them moved in 2000 to 2009. Overall, the median year renters have occupied their Cherry Hill, Virginia condos for rent is 2017.
Cherry Hill, Virginia Renter-occupied housing units by vehicles available**
When it comes to transportation options, 53% of Cherry Hill, Virginia renters have 1 vehicle available per household, 30% of them have 2 vehicles available, and 7% have 3 vehicles available.
Cherry Hill, Virginia Means of transportation to work of householders living in renter-occupied housing units**
Cherry Hill, 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 Cherry Hill, 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
