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412 Bruce St #7 Bridgewater, VA
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$850
Bridgewater, VA
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6.6 miles from center of campus
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James Madison University

Harrisonburg is a great city to live in with lots of great apartments near James Madison University to choose from. But when you're searching for a new rental it can difficult to sift through all of the listings on the web or walk the streets to find places in the area that you're looking for.

That's exactly why Rentable exists. We gather listings from all over the web and we add new properties every day. And we do all this just so we can make sure that you've got the freshest list of James Madison University apartments to choose from!

Harrisonburg:
November Rent Report

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

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Harrisonburg 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 Harrisonburg average rent prices in the chart below.

Monthly Rent Report

$1,600
$1,200
$800
$400
$0
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
Jul. 2024
Aug. 2024
Sep. 2024
Oct. 2024
Nov. 2024
1 BR       2 BR

Harrisonburg Rent Prices Decrease From October to November

Harrisonburg rent prices decreased over the last month. From October to November, the city experienced a -8.44% decrease for the price of a one-bedroom apartment. The rent price for a Harrisonburg one-bedroom apartments currently stands at $998.0.

When we take a look at the two-bedroom comparison from October to November, Harrisonburg experienced a -0.65% decrease for the price of a two-bedroom apartment. The rent price for a Harrisonburg two-bedroom apartments currently stands at $1,537.0.

November Prices: Harrisonburg vs. Surrounding Areas

Harrisonburg, VA
$1,090
$0
$400
$800
$1,200
$1,600
Median 1 BR Rent

Rent Prices in Harrisonburg and Surrounding Areas

Rent prices have decreased in Harrisonburg 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 Harrisonburg suburbs increased last month. On the other hand, 0 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 Harrisonburg suburbs

  • Rents did not decrease in any of the Harrisonburg suburbs.

November 2024 Pricing Trends: Harrisonburg vs. National Comparisons

New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
Harrisonburg, VA
$4,211
$3,115
$2,373
$2,354
$1,903
$1,338
$1,246
$1,202
$1,090
$0
$1,400
$2,800
$4,200
$5,600
Median Rent

Harrisonburg Rent Prices More Affordable Than Major Cities

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

The price for a Harrisonburg 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 Harrisonburg and surrounding area rent prices, take a look at the complete data set below.

Data set for Harrisonburg and suburbs

1 BR November 1 BR M/M % Change 2 BR November 2 BR M/M % Change
Harrisonburg, VA $1,090.0 -6.76% $1,547.0 1.91%

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.