Finding an affordable place to live in Virginia doesn’t have to be a challenge. Whether you’re looking to save on rent or find a place with affordable amenities, these cities represent some of the best deals for renters in the state.
Let’s dive into nine of the cheapest places to live in Virginia, ranked from the cheapest to the priciest, alongside a few of the largest employers and most popular frugal attractions in each city. Today’s the day to find your new spot.
1. Harrisonburg
Average rent: $889
Harrisonburg tops our list as one of the most affordable places to live in Virginia, with an average rent of just $889. The city offers particularly low rent, with one-bedroom apartments averaging $758, which is a steal compared to larger Virginia cities. Two-bedroom apartments are also quite affordable, averaging $1,019. If you’re a student or someone looking for a great deal on rent, Harrisonburg provides an unbeatable combination of low prices and quality living.
James Madison University is one of the main employers in the area, providing plenty of jobs and solidifying Harrisonburg as one of the top Virginia college towns. For entertainment, visit Edith J. Carrier Arboretum or hike the trails at Shenandoah National Park—both free and beautiful ways to spend your time.
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2. Roanoke
Average rent: $958
Roanoke is another ideal place for affordable living in Virginia, with an average rent of $958. Studio apartments in Roanoke are especially cheap at $667, perfect for singles or young professionals. One-bedroom apartments average $1,000, while two-bedrooms are around $1,207. Roanoke’s affordability makes it a great choice for anyone looking to balance cost with comfort.
Roanoke’s economy is supported by major employers like Carilion Clinic and Norfolk Southern. For those who enjoy the outdoors, the city is known for its extensive greenways and trails, including the famous Appalachian Trail. The Taubman Museum of Art and the Roanoke Star are also popular attractions where you can spend the day without breaking the bank.
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3. Lynchburg
Average rent: $1,225
Lynchburg’s average rent stands at $1,225, making it a very affordable option for renters in Virginia. The city is particularly attractive for those on the hunt for affordable one-bedroom apartments, which average just $939. Two-bedroom apartments are also reasonable, with an average rent of $1,026. Lynchburg’s low cost of living is complemented by a welcoming community and a beautiful natural setting.
Lynchburg’s economy benefits from major employers like Liberty University and Centra Health, providing plenty of job opportunities. For some frugal fun, the Blackwater Creek Natural Area has miles of trails and parks at no cost. You can also explore the city’s fascinating history at free attractions like the Lynchburg Museum and the Old City Cemetery.
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4. Portsmouth
Average rent: $1,266
With an average rent of $1,266, Portsmouth is a city where you can live affordably while enjoying a coastal vibe. One-bedroom apartments here are particularly reasonable, averaging $1,142, while two-bedroom apartments average $1,262.
Portsmouth is home to the Norfolk Naval Shipyard, one of the area’s largest employers, offering stable jobs to many residents. The city’s waterfront location means there are plenty of free or low-cost activities to enjoy, like walking along the Elizabeth River or visiting the historic Olde Towne district. The Children’s Museum of Virginia is also a can’t-miss for family-friendly fun.
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5. Suffolk
Average rent: $1,338
Suffolk’s average rent is $1,338. The city is a bit pricier than others on this list, but it still offers good value, especially for one-bedroom apartments, which average $1,526. Two-bedroom apartments in Suffolk are more affordable at $1,150. Suffolk’s charm lies in its mix of rural and suburban living, providing a peaceful environment at a reasonable price.
Suffolk’s major employers include Planters Peanuts and the city’s public school system. For those who enjoy the outdoors, the Great Dismal Swamp National Wildlife Refuge has free hiking and wildlife viewing opportunities.
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6. Newport News
Average rent: $1,429
Newport News has an average rent of $1,429, making it an affordable city on the Virginia Peninsula. Studio apartments here average $1,500, while one-bedroom and two-bedroom options are more budget-friendly, averaging $1,283 and $1,504, respectively.
Newport News Shipbuilding, part of Huntington Ingalls Industries, is a noteworthy employer in the area, providing thousands of jobs. For those looking to enjoy nature, Newport News Park offers free hiking, biking, and even a chance to see wildlife. The Virginia Living Museum is another gem, with affordable admission to experience the zoo and planetarium.
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7. Norfolk
Average rent: $1,487
With an average rent of $1,487, Norfolk is another city where affordability meets coastal living. One-bedroom apartments average $1,553, while two-bedroom options are slightly lower at $1,531. Studio apartments offer a more budget-conscious choice at $1,377. Norfolk’s combination of affordability and easy access to the Chesapeake Bay makes it a popular spot for renters.
The city’s economy is bolstered by Naval Station Norfolk, the world’s largest naval base, and Sentara Healthcare. For free activities, you can explore the Norfolk Botanical Garden or enjoy a day at the beach. The Chrysler Museum of Art also has free admission, making it a great place to appreciate culture without spending a dime.
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8. Richmond
Average rent: $1,508
Richmond’s average rent is $1,508, offering affordability alongside city living. One-bedroom apartments average $1,470, while studio and two-bedroom options are $1,296 and $1,759, respectively.
Richmond is the home of Virginia Commonwealth University (VCU), which provides plenty of jobs and solidifies Richmond’s standing as one of the best Virginia college towns. For affordable entertainment, visit the Lewis Ginter Botanical Garden, or take a stroll along the James River. The Virginia Museum of Fine Arts, which offers free admission, is another must-see in the city.
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9. Hampton
Average rent: $1,556
Hampton closes our list with an average rent of $1,556, just under the state median. Studio apartments average $1,420, but one-bedroom and two-bedroom apartments offer better value, averaging $1,607 and $1,641, respectively.
Hampton’s economy benefits from its proximity to Langley Air Force Base and NASA’s Langley Research Center. For budget-friendly activities, visit Buckroe Beach for a day of sun and sand, or explore the Virginia Air and Space Center. The city also has plenty of parks and well maintained outdoor spaces, perfect for enjoying the coastal scenery without spending a fortune.
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Methodology
All cities must have over 50,000 residents per the US Census and have an average rent price under the median rent price for the state – which is $1,700 per month according to Redfin data. Average rental data from Rent.com July 2024.
