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City Report · VA

Chesterfield

·37th most expensive in Virginia·Chesterfield rents are up 10.2% over the past year
Median rent (all units)
$2,124/mo
Year-over-Year
+10.2%
Month-over-Month
-7.2%
vs US Median
+$162
Falling (Monthly)
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Most AffordableMost Expensive
Chesterfield · $2,124
More expensive than 65% of US cities · National median $1,962/mo
Affordability
35% of income
MODERATE
0%30% benchmark60%+

At $2,124/mo, rent takes about 35% of the US median household income, slightly above the 30% benchmark.

Income to afford
$85,000/yr
US median income
$72,000/yr
Based on the 30%-of-income rule using Chesterfield's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,705
1 BR
$1,770
2 BR
$1,960
3 BR
$2,485
4 BR+
$3,070
Fair Market Rent (HUD)
$1,960/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,124 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.

Source: HUD Small Area Fair Market Rents. Read the methodology →

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$25,488/yr
At $2,124/mo median
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (up only 10.2% YoY), so renters have negotiating leverage.
Based on rent-price momentum (+10.2% YoY, -7.2% MoM), not inventory.
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2022 vs 2026

How Chesterfield, VA has changed in 5 years

Rent
$1,791 → $2,124
up 18.6%

Rent in Chesterfield, VA has climbed 18.6% since 2022, going from about $1,791 per month to roughly $2,124 today. Taken together, the five-year picture in Chesterfield, VA reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

Community

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View Chesterfield rent history (2015–2026) →
Salary vs rent

Can you afford rent in Chesterfield on your salary?

At $2,124/mo, how Chesterfield rent compares to typical pay (30% rule).

By apartment size

Chesterfield rent by bedroom count

Median rent for each apartment size in Chesterfield. Click any size for full breakdown.

Local insights

Tips for renters in Chesterfield

About renting in Chesterfield, VA

Last updated: August 17, 2026

The median rent in Chesterfield is $2,124/mo as of August 2026. A studio apartment averages $1,705/mo while a 2-bedroom runs $1,960/mo. One-bedroom apartments average $1,770/mo and 3-bedroom units go for $2,485/mo.

At 35% of estimated US median household income ($72,000/yr), Chesterfield ranks as moderate compared to the national benchmark of 30%. Rents have increased 10.2% over the past year.

FAQ

Frequently asked questions

Is Chesterfield an affordable city for renters?

Chesterfield is considered moderate for renters. At $2,124/mo, rent takes approximately 35% of the US median household income ($72,000/yr). The standard benchmark is 30%. Chesterfield slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Chesterfield?

To keep rent at or below 30% of gross income, you would need to earn at least $85,000/year (~$41/hour full-time) to afford the median rent of $2,124/mo in Chesterfield.

Is rent going up or down in Chesterfield?

Rent in Chesterfield has increased 10.2% over the past year as of August 2026, putting upward pressure on renter budgets.

Which Chesterfield neighborhoods have the lowest rent?

The most affordable ZIP codes in Chesterfield are 23237 ($1,842/mo), and 23832 ($2,039/mo). Citywide, the median rent in Chesterfield is $2,124/mo.

How does Chesterfield rent compare to other cities in Virginia?

Chesterfield is middle-of-the-pack for Virginia for rent, ranking #37 out of 83 tracked cities at $2,124/mo.

Which nearby cities are cheaper to rent in than Chesterfield?

Several nearby cities have lower median rents than Chesterfield ($2,124/mo): Colonial Heights ($1,565/mo), Richmond ($1,666/mo), Bellwood ($1,686/mo).

How does Chesterfield rent compare to the national average?

Chesterfield's median rent of $2,124/mo is $162 (8%) above the US national median of $1,962/mo. Within Virginia, it ranks #37 out of 83 tracked cities.
Income Affordability
35%
MODERATE

At $2,124/mo, rent takes ~35% of US median household income ($72,000/yr). The standard benchmark is 30%.

Chesterfield 35%Benchmark 30%
State income tax2–5.75%
Run the Chesterfield affordability calculator →
Lowest-rent ZIP codes in Chesterfield
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Chesterfield, VA

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