Average Rent in Winchester, VA↓ Rents falling 4.3% YoY🔺 6th priciest in VA

Winchester, VA has rental prices ranging from $1,066/month to $2,516/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $1,180/month — 16% below the national average of $1,400/month. With a median household income of $82,413/year, spending $1,180/month on a 1-bedroom represents 17% of gross income — within the recommended 30% threshold.

How Winchester Compares

With an average 2-bedroom rent of $1,505/month, Winchester ranks #6 most expensive of the 69 cities tracked in Virginia — pricier than 89% of all US cities in our data.

The Winchester Rental Market

The Winchester, VA area has a population of about 144,676 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 Winchester, VA have fallen by $68/month (4.3%) over the past year, from $1,573 to $1,505. This slight decline is consistent with broader market corrections seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Winchester, VA without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $47,200. The local median household income of $82,413 exceeds that threshold by $35,213, making Winchester relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Winchester, VA is $398,946, giving a price-to-rent ratio of 22.1. 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 Winchester, VA Affordable?

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

Rent or Buy in Winchester?

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

Living in Winchester

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