Average Rent in Burlington, VT↑ Rents rising 1.2% YoY🔺 Most expensive in VT

Burlington, VT has rental prices ranging from $1,550/month to $2,845/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $1,719/month — 23% above the national average of $1,400/month. With a median household income of $90,911/year, spending $1,719/month on a 1-bedroom represents 23% of gross income — within the recommended 30% threshold.

How Burlington Compares

With an average 2-bedroom rent of $2,165/month, Burlington ranks #1 most expensive of the 12 cities tracked in Vermont — pricier than 98% of all US cities in our data.

The Burlington Rental Market

The Burlington, VT area has a population of about 226,603 and 33% of households renting rather than owning. That is close to the US average renter share of ~34%.

Rent Trends

2-bedroom rents in Burlington, VT have risen by $25/month (1.2%) over the past year, from $2,140 to $2,165. Rents have remained relatively stable year over year, indicating a balanced rental market in the area.

Affordability

To afford a 1-bedroom apartment in Burlington, VT without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $68,760. The local median household income of $90,911 exceeds that threshold by $22,151, making Burlington relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Burlington, VT is $504,324, giving a price-to-rent ratio of 19.4. With a break-even horizon of approximately 19 years, renting is likely the more financially prudent option for most residents unless they plan to stay long-term.

Is Burlington, VT Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Rent or Buy in Burlington?

Break-even analysis and mortgage estimates based on local market data.

Living in Burlington

Cost of living, job market, crime rates, and moving cost estimates.