Average Rent in Staunton, VA↓ Rents falling 4.9% YoY

Staunton, VA has rental prices ranging from $1,041/month to $1,798/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $1,047/month — 25% below the national average of $1,400/month. With a median household income of $70,949/year, spending $1,047/month on a 1-bedroom represents 18% of gross income — within the recommended 30% threshold.

How Staunton Compares

With an average 2-bedroom rent of $1,199/month, Staunton ranks #17 most expensive of the 69 cities tracked in Virginia — pricier than 74% of all US cities in our data.

The Staunton Rental Market

The Staunton, VA area has a population of about 126,052 and 29% 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 Staunton, VA have fallen by $62/month (4.9%) over the past year, from $1,261 to $1,199. This slight decline is consistent with broader market corrections seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Staunton, VA without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $41,880. The local median household income of $70,949 exceeds that threshold by $29,069, making Staunton relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Staunton, VA is $315,339, giving a price-to-rent ratio of 21.9. With a break-even horizon of approximately 22 years, renting is likely the more financially prudent option for most residents unless they plan to stay long-term.

Is Staunton, VA Affordable?

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

Rent or Buy in Staunton?

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

Living in Staunton

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