Average Rent in Russell County, VA↑ Rents rising 3.2% YoY🔻 7th cheapest in VA
HUD FY2027 · Official government data · Updated annually · Metro pop. 25,635
Market Overview
Russell County, VA has rental prices ranging from $760/month to $1,406/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $765/month — 45% below the national average of $1,400/month. With a median household income of $49,020/year, spending $765/month on a 1-bedroom represents 19% of gross income — within the recommended 30% threshold.
How Russell County Compares
With an average 2-bedroom rent of $943/month, Russell County ranks #63 most expensive of the 69 cities tracked in Virginia — more affordable than 83% of all US cities in our data.
The Russell County Rental Market
The Russell County, VA area has a population of about 25,635 and 24% of households renting rather than owning. That renter share runs below the US average of ~34%, a more homeowner-heavy market where rental inventory can be limited.
Rent Trends
2-bedroom rents in Russell County, VA have risen by $29/month (3.2%) over the past year, from $914 to $943. This modest growth is consistent with broader inflationary trends seen across US rental markets.
Affordability
To afford a 1-bedroom apartment in Russell County, VA without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $30,600. The local median household income of $49,020 exceeds that threshold by $18,420, making Russell County relatively accessible compared to local wages.
Economy & Jobs
Russell County, VA has an unemployment rate of 4.8%, 0.9 percentage points above the national average of 3.9%. A higher unemployment rate can moderate rental demand over time, which may help keep rent growth in check compared to tighter job markets.
Fair Market Rents
HUD FY2027Is Russell County, VA Affordable?
Income needed to rent or buy, price history, and how this city compares to nearby metros.
Affordability Index(30% income rule)
Nearby Cities in VAlargest metros in the state
| City | Studio | 1BR | 2BR | 3BR | Home Value |
|---|---|---|---|---|---|
| Madison County | $907 | $913 | $1,096 | $1,361 | — |
| Warren County | $1,063 | $1,108 | $1,449 | $1,930 | — |
| King and Queen County | $1,032 | $1,075 | $1,170 | $1,435 | — |
| 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 | — |
Rent or Buy in Russell County?
Break-even analysis and mortgage estimates based on local market data.
Should I Rent or Buy?
Break-even analysis using real Russell County data
Buying breaks even after 5 years — worth it if you stay 5+ years.
Living in Russell County
Cost of living, job market, crime rates, and moving cost estimates.
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Frequently Asked Questions
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💵Rent Affordability in Russell CountySalary needed to afford rent here
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