Radford, 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 Radford, Virginia rental market.
Radford, Virginia
Average Apartment Rent
$1,356
Y-o-Y Change in Average
Apartment Rent
4%
As of March 2026
Compared to a year ago, Radford, Virginia apartments have recorded a 4% rent increase.
Radford, Virginia Average apartment rent trend
Radford, Virginia Average Apartment Rent
Radford, Virginia Apartment rent ranges
At 43.46%, apartments priced $1,000 - $1,500 represent the bulk of Radford, Virginia rentals, while condos priced $2,500 - $3,000 hold the lowest share of the market – 3.39%.
Radford, Virginia Housing tenure**
Renters take up 54% of Radford, Virginia real estate, occupying a total of 2,967 units, while homeowners live in 2,500 properties.
Median number of rooms of renter-occupied housing units**
4.6
Renter median household income**
$23,209
Average household size of renter-occupied housing units**
2.34
Rental vacancy rate**
6.6%
Radford, Virginia Renter-occupied housing units by no. of bedrooms**
There are 1,388 rentals in Radford, Virginia with 2 beds making up the highest share of the market, at 47%. Units with No bedrooms, on the other hand, hold the lowest percentage (2%), amounting to 48 units. Overall, the median number of rooms in Radford, Virginia homes for rent is 4.6.
Radford, Virginia Renter-occupied units by age of householder**
Most condos for rent in Radford, Virginia are occupied by residents in the 15 - 24 years age group (41%), followed by those in the 25 - 34 years age group (25%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 1%.
Radford, Virginia Renter-occupied housing units by family type**
Radford, Virginia Renter-occupied housing units by the presence of own children**
A total of 786 apartments for rent in Radford, Virginia, or 26% of all rentals are family households. Additionally, 12% of rental homes include children under the age of 18 – that’s 367 units. All in all, the median size of a renter-occupied household in Radford, Virginia is 2.34.
Radford, Virginia Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 26% of the rental market. In contrast, residents with less than a high school degree reside in 3% of the homes for rent in Radford, Virginia.
Radford, Virginia Renter-occupied units by year structure built**
The highest share of Radford, Virginia apartment rentals, namely 19% or 568 units, were Built 1970 - 1979, followed by those Built 1980 - 1989 (19%, 563 units), and the ones Built 2000 - 2009 (15%, 449 units).
Radford, Virginia Renter-occupied units by year householder moved in**
Radford, Virginia Renter-occupied housing units by vehicles available**
When it comes to transportation options, 42% of Radford, Virginia renters have 1 vehicle available per household, 40% of them have 2 vehicles available, and 6% have No vehicle available.
Radford, Virginia Means of transportation to work of householders living in renter-occupied housing units**
Radford, 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 Radford, 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
