Apartments in Glade/Westover Blacksburg

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$1,900
862 Patrick Henry Dr Blacksburg, VA
4 BR | Available Now
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$3,400
Blacksburg, VA
4 BR | Available Now
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$2,500
3046 Deptford St Blacksburg, VA
3 BR | Available Now
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Blacksburg:
September Rent Report

Welcome to the September 2024 Blacksburg Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the September 2024 key findings and figures for the Blacksburg rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Blacksburg and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Blacksburg average rent prices in the chart below.

Monthly Rent Report

$1,700
$1,280
$850
$430
$0
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
Jul. 2024
Aug. 2024
Sep. 2024
1 BR       2 BR

Blacksburg Rent Prices Decrease From August to September

Blacksburg rent prices decreased over the last month. From August to September, the city experienced a -1.38% decrease for the price of a one-bedroom apartment. The rent price for a Blacksburg one-bedroom apartments currently stands at $1,214.0.

When we take a look at the two-bedroom comparison from August to September, Blacksburg experienced a -0.27% decrease for the price of a two-bedroom apartment. The rent price for a Blacksburg two-bedroom apartments currently stands at $1,497.0.

September Prices: Blacksburg vs. Surrounding Areas

Blacksburg, VA
Radford, VA
$1,231
$724
$0
$450
$900
$1,350
$1,800
Median 1 BR Rent

Rent Prices in Blacksburg and Surrounding Areas

Rent prices have decreased in Blacksburg over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Blacksburg suburbs increased last month. On the other hand, 1 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Blacksburg suburbs

  • Rent decreased in Radford, VA.

  • 1 suburb is currently priced lower than the city of Blacksburg.

September 2024 Pricing Trends: Blacksburg vs. National Comparisons

New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Columbus, OH
Blacksburg, VA
Minneapolis, MN
Pittsburgh, PA
$4,195
$3,010
$2,365
$2,344
$1,862
$1,378
$1,231
$1,226
$1,145
$0
$1,400
$2,800
$4,200
$5,600
Median Rent

Blacksburg Rent Prices More Affordable Than Major Cities

Rent growth in Blacksburg over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Blacksburg average rent prices appear to be relatively affordable for local residents.

The price for a Blacksburg one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Blacksburg and surrounding area rent prices, take a look at the complete data set below.

Data set for Blacksburg and suburbs

1 BR September 1 BR M/M % Change 2 BR September 2 BR M/M % Change
Blacksburg, VA $1,231.0 0.57% $1,501.0 -1.19%
Radford, VA $724.0 -1.50% $1,367.0 -3.67%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.