RentData

Average Rent in King and Queen County, VA↓ Rents falling 6.4% YoY

HUD FY2027 · Official government data · Updated annually · Metro pop. 1,327,321

Data review: HUD FY2027Sources: HUD, Zillow, Census, BLSMethodologyEditorial standardsReport a correction

Market Overview

King and Queen County, VA has rental prices ranging from $1,032/month to $1,771/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $1,075/month — 23% below the national average of $1,400/month. With a median household income of $84,405/year, spending $1,075/month on a 1-bedroom represents 15% of gross income — within the recommended 30% threshold.

How King and Queen County Compares

With an average 2-bedroom rent of $1,170/month, King and Queen County ranks #20 most expensive of the 69 cities tracked in Virginia — pricier than 72% of all US cities in our data.

The King and Queen County Rental Market

The King and Queen County, VA area has a population of about 1,327,321 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 King and Queen County, VA have fallen by $80/month (6.4%) over the past year, from $1,250 to $1,170. This slight decline is consistent with broader market corrections seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in King and Queen County, VA without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $43,000. The local median household income of $84,405 exceeds that threshold by $41,405, making King and Queen County relatively accessible compared to local wages.

Economy & Jobs

King and Queen County, VA has an unemployment rate of 3.3%, 0.6 percentage points below the national average of 3.9%. Strong employment conditions typically sustain rental demand, as workers relocate to the area and local residents maintain stable housing.

Fair Market Rents

HUD FY2027
Studio
$1,032
Affordable
1 Bedroom
$1,075
Affordable
2 Bedrooms
$1,170
↓6.4% YoY
Affordable
3 Bedrooms
$1,435
Affordable
4 Bedrooms
$1,771
Affordable
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Is King and Queen County, VA Affordable?

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

Affordability Index(30% income rule)

To rent a 2BR
$46,800/year
Local median income: $84,405
To buy a median home
—/year
US national median: $75,000
💡 Based on a 2BR rent of $1,170/month and 20% down on a — home at 7% rate.

Nearby Cities in VAlargest metros in the state

CityStudio1BR2BR3BRHome Value
Madison County$907$913$1,096$1,361—
Warren County$1,063$1,108$1,449$1,930—
Richmond$1,456$1,517$1,651$2,039—
Roanoke$1,186$1,250$1,464$2,022—
Lynchburg$965$971$1,117$1,547—
Charlottesville$1,279$1,442$1,642$1,997—

Rent or Buy in King and Queen County?

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

Should I Rent or Buy?

Break-even analysis using real King and Queen County data

$
Home Value
$350,000
2BR Rent
$1,170/mo
Mortgage Rate
7%
Monthly P&I
$1,863/mo
🏠 Buy

Buying breaks even after 1 year — worth it if you stay 1+ years.

Total monthly buy cost: $2,577/movs rent: $1,170/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Living in King and Queen County

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

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Frequently Asked Questions

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🏘️Neighborhoods in King and Queen County

Compare rent & home prices by neighborhood

💵Rent Affordability in King and Queen County

Salary needed to afford rent here

🗺️All Cities in VA

See how King and Queen County ranks statewide

⚖️Compare King and Queen County

Side-by-side rent & cost of living with any city

📋VA Tenant Rights

Deposit limits, eviction laws & renters protections