Cheat Lake, West 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 Cheat Lake, West Virginia rental market.
Cheat Lake, West Virginia
Average Apartment Rent
$1,285
Y-o-Y Change in Average
Apartment Rent
5%
As of July 2026
Compared to a year ago, Cheat Lake, West Virginia apartments have recorded a 5% rent increase.
Cheat Lake, West Virginia Average apartment rent trend
Cheat Lake, West Virginia Average Apartment Rent
Cheat Lake, West Virginia Apartment rent ranges
At 39.58%, apartments priced Under $1,000 represent the bulk of Cheat Lake, West Virginia rentals, while condos priced $2,500 - $3,000 hold the lowest share of the market – 1.36%.
Cheat Lake, West Virginia Housing tenure**
Renters take up 21% of Cheat Lake, West Virginia real estate, occupying a total of 860 units, while homeowners live in 3,214 properties.
Median number of rooms of renter-occupied housing units**
4.8
Renter median household income**
$66,944
Average household size of renter-occupied housing units**
2.3
Rental vacancy rate**
2.3%
Cheat Lake, West Virginia Renter-occupied housing units by no. of bedrooms**
There are 461 rentals in Cheat Lake, West Virginia with 2 beds making up the highest share of the market, at 54%. Units with 1 bed, on the other hand, hold the lowest percentage (9%), amounting to 81 units. Overall, the median number of rooms in Cheat Lake, West Virginia homes for rent is 4.8.
Cheat Lake, West Virginia Renter-occupied units by age of householder**
Most condos for rent in Cheat Lake, West Virginia are occupied by residents in the 25 - 34 years age group (35%), followed by those in the 35 - 44 years age group (29%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 1%.
Cheat Lake, West Virginia Renter-occupied housing units by family type**
Cheat Lake, West Virginia Renter-occupied housing units by the presence of own children**
A total of 407 apartments for rent in Cheat Lake, West Virginia, or 47% of all rentals are family households. Additionally, 32% of rental homes include children under the age of 18 – that’s 277 units. All in all, the median size of a renter-occupied household in Cheat Lake, West Virginia is 2.3.
Cheat Lake, West Virginia Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 51% of the rental market. In contrast, residents with less than a high school degree reside in 2% of the homes for rent in Cheat Lake, West Virginia.
Cheat Lake, West Virginia Renter-occupied units by year structure built**
The highest share of Cheat Lake, West Virginia apartment rentals, namely 32% or 274 units, were Built 1980 - 1989, followed by those Built 2010 - 2019 (24%, 207 units), and the ones Built 1970 - 1979 (18%, 154 units).
Cheat Lake, West Virginia Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Cheat Lake, West Virginia renters (47%) moved in 2010 to 2017, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Cheat Lake, West Virginia condos for rent is 2017.
Cheat Lake, West Virginia Renter-occupied housing units by vehicles available**
When it comes to transportation options, 48% of Cheat Lake, West Virginia renters have 2 vehicles available per household, 36% of them have 1 vehicle available, and 11% have No vehicle available.
Cheat Lake, West Virginia Means of transportation to work of householders living in renter-occupied housing units**
Cheat Lake, West 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 Cheat Lake, West 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
