Waynesboro, Virginia Rental Market Trends

Disclaimer:

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 Waynesboro, Virginia rental market.

Waynesboro, Virginia

Average Apartment Rent

$1,510

Y-o-Y Change in Average
Apartment Rent

Infinity%

As of June 2026

Compared to a year ago, Waynesboro, Virginia apartments have recorded a Infinity% rent increase.

Waynesboro, Virginia Average Apartment Rent

Waynesboro, Virginia Apartment rent ranges

Under $1,000
$1,001 - $1,500
$1,501 - $2,000
$2,001 - $2,500
$2,501 - $3,000
Over $3,000

At 64.04%, apartments priced $1,000 - $1,500 represent the bulk of Waynesboro, Virginia rentals, while condos priced Under $1,000 hold the lowest share of the market – 4.01%.

Waynesboro, Virginia Housing tenure**

Renter occupied housing units 4,068
Owner occupied housing units 5,363

Renters take up 43% of Waynesboro, Virginia real estate, occupying a total of 4,068 units, while homeowners live in 5,363 properties.

Median number of rooms of renter-occupied housing units**

4.5

Renter median household income**

$27,591

Average household size of renter-occupied housing units**

2.13

Rental vacancy rate**

5.9%

Waynesboro, Virginia Renter-occupied housing units by no. of bedrooms**

No bedrooms 108
1 bed 956
2 beds 1,797
3 beds 861
4 beds 324
5 or more beds 22

There are 1,797 rentals in Waynesboro, Virginia with 2 beds making up the highest share of the market, at 44%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 22 units. Overall, the median number of rooms in Waynesboro, Virginia homes for rent is 4.5.

Waynesboro, Virginia Renter-occupied units by age of householder**

15 - 24 years 412
25 - 34 years 1,024
35 - 44 years 837
45 - 54 years 420
55 - 59 years 229
60 - 64 years 426
65 - 74 years 344
75 - 84 years 232
85 years and over 144

Most condos for rent in Waynesboro, Virginia are occupied by residents in the 25 - 34 years age group (25%), followed by those in the 35 - 44 years age group (21%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 4%.

Waynesboro, Virginia Renter-occupied housing units by family type**

Family households 1,807
Non-Family Households 2,261

Waynesboro, Virginia Renter-occupied housing units by the presence of own children**

With related children of the householder under 18 1,321
No related children of the householder under 18 2,747

A total of 1,807 apartments for rent in Waynesboro, Virginia, or 44% of all rentals are family households. Additionally, 32% of rental homes include children under the age of 18 – that’s 1,321 units. All in all, the median size of a renter-occupied household in Waynesboro, Virginia is 2.13.

Waynesboro, Virginia Renter-occupied housing units by educational attainment**

Less than high school graduate 462
High school graduate (including equivalency) 1,448
Some college or associate's degree 1,397
Bachelor's degree or higher 761

In terms of education, renters holding bachelor degrees or higher make up 19% of the rental market. In contrast, residents with less than a high school degree reside in 11% of the homes for rent in Waynesboro, Virginia.

Waynesboro, Virginia Renter-occupied units by year structure built**

Built 2010 - 2019 216
Built 2000 - 2009 221
Built 1990 - 1999 765
Built 1980 - 1989 571
Built 1970 - 1979 779
Built 1960 - 1969 630
Built 1950 - 1959 479
Built 1940 - 1949 110
Built 1939 or earlier 297

The highest share of Waynesboro, Virginia apartment rentals, namely 19% or 779 units, were Built 1970 - 1979, followed by those Built 1990 - 1999 (19%, 765 units), and the ones Built 1960 - 1969 (15%, 630 units).

Waynesboro, Virginia Renter-occupied units by year householder moved in**

Moved in 2021 or later 201
Moved in 2018 to 2020 1,629
Moved in 2010 to 2017 1,698
Moved in 2000 to 2009 405
Moved in 1990 to 1999 108
Moved in 1989 or earlier 27

Median year renter moved into unit 2017

Most Waynesboro, Virginia renters (42%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Waynesboro, Virginia condos for rent is 2017.

Waynesboro, Virginia Renter-occupied housing units by vehicles available**

No vehicle available 530
1 vehicle available 2,304
2 vehicles available 998
3 vehicles available 159
4 vehicles available 41
5 or more vehicles available 36

When it comes to transportation options, 57% of Waynesboro, Virginia renters have 1 vehicle available per household, 25% of them have 2 vehicles available, and 13% have No vehicle available.

Waynesboro, Virginia Means of transportation to work of householders living in renter-occupied housing units**

Car, truck, or van - drove alone 3,202
Car, truck, or van - carpooled 584
Walked 67
Taxicab, motorcycle, bicycle, or other means 71
Worked at home 220

Waynesboro, Virginia Geographical mobility in the past year for householders living in renter-occupied housing units**

Same house as 1 year ago 6,765
Moved within same county 432
Moved from different county within same state 1,226
Moved from different state 166
Moved from abroad 57

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 Waynesboro, 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

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