City Report · VA

Fredericksburg

Pop. 28,873·43rd most expensive in Virginia·Fredericksburg rents are up 7.1% over the past year
Median rent (all units)
$2,079/mo
Year-over-Year
+7.1%
Month-over-Month
+0.7%
vs US Median
+$114
Rising (Monthly)
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Most AffordableMost Expensive
Fredericksburg · $2,079
More expensive than 63% of US cities · National median $1,965/mo
Rent Reality Score
52/100
Fairly priced
OverheatedFairGreat value

Rents are right about where Fredericksburg's 10-year trend predicts.

Actual rent
$2,079/mo
Expected by trend
$2,098/mo
The Rent Reality Score compares today's median rent to where Fredericksburg's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,717
1 BR
$1,753
2 BR
$1,973
3 BR
$2,467
4 BR+
$2,912
Research median
$1,973/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$24,948/yr
At $2,079/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 7.1% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+7.1% YoY, +0.7% MoM), not inventory.
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Demographics

Who lives here

Fredericksburg, VA is majority renter-occupied, skews toward younger working-age adults, 46.1% of residents hold a bachelor's degree or higher.

Population
28,873
Median income
$86,071
Median age
32.1
Renters
60.3%
Age distribution
21.2%
33.4%
23.6%
Under 1821.2%
18–3433.4%
35–5423.6%
55–6410.4%
65+11.4%
Gender
47.7%
52.3%
Male47.7%
Female52.3%
Race & ethnicity
56.9%
19.9%
12.6%
White56.9%
Black19.9%
Hispanic12.6%
Asian4%
Other6.7%
Education (25+)
20.1%
25.9%
46.1%
No HS diploma7.8%
HS diploma20.1%
Some college25.9%
Bachelor's+46.1%
Housing tenure
39.7%
60.3%
Owner39.7%
Renter60.3%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Fredericksburg, VA has changed in 5 years

Rent
$1,497 → $2,079
up 38.9%
Income
$72,293 → $86,071
up 19.1%
Population
28,027 → 28,873
up 3.0%
Renter share
60.8% → 60.3%
-0.5 pts
Bachelor's+
42.7% → 46.1%
+3.4 pts
Median age
30.7 → 32.1
+1.4 yrs

The median rent in Fredericksburg, VA stood at $1,497 in 2021 and currently runs about $2,079, reflecting a 38.9% increase over the period. Local incomes tracked alongside that move, going from a median of $72,293 in 2021 to $86,071 more recently. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 3.0% since 2021, moving from about 28,027 residents to roughly 28,873. College-educated residents now make up 46.1% of adults here, versus 42.7% in 2021. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the Fredericksburg, VA market of 2021.

Community

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

Can you afford rent in Fredericksburg on your salary?

At $2,079/mo, how Fredericksburg rent compares to typical pay (30% rule).

By apartment size

Fredericksburg rent by bedroom count

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

Local insights

Tips for renters in Fredericksburg

About renting in Fredericksburg, VA

Last updated: July 20, 2026

The median rent in Fredericksburg is $2,079/mo as of July 2026. A studio apartment averages $1,717/mo while a 2-bedroom runs $1,973/mo. One-bedroom apartments average $1,753/mo and 3-bedroom units go for $2,467/mo.

At 29% of local median household income ($86,071/yr), Fredericksburg ranks as affordable compared to the national benchmark of 30%. Rents have increased 7.1% over the past year.

FAQ

Frequently asked questions

Is Fredericksburg an affordable city for renters?

Fredericksburg is considered affordable for renters. At $2,079/mo, rent takes approximately 29% of the local median household income ($86,071/yr). The standard benchmark is 30%. Fredericksburg falls comfortably within that range.

How much income do you need to rent in Fredericksburg?

To keep rent at or below 30% of gross income, you would need to earn at least $83,000/year (~$40/hour full-time) to afford the median rent of $2,079/mo in Fredericksburg. The local median household income is $86,071/yr, meaning the typical Fredericksburg household meets that threshold.

Is rent going up or down in Fredericksburg?

Rent in Fredericksburg has increased 7.1% over the past year as of July 2026, putting upward pressure on renter budgets.

Which Fredericksburg neighborhoods have the lowest rent?

The most affordable ZIP codes in Fredericksburg are 22401 ($1,967/mo), 22406 ($2,001/mo), and 22553 ($2,029/mo). Citywide, the median rent in Fredericksburg is $2,079/mo.

How does Fredericksburg rent compare to other cities in Virginia?

Fredericksburg is middle-of-the-pack for Virginia for rent, ranking #43 out of 83 tracked cities at $2,079/mo.

What percentage of Fredericksburg residents rent vs. own?

According to Census data, approximately 60.3% of Fredericksburg households are renters, while 39.7% are owner-occupied. With a majority renter population, Fredericksburg has a strong rental market.

How does Fredericksburg rent compare to the national average?

Fredericksburg's median rent of $2,079/mo is $114 (6%) above the US national median of $1,965/mo. Within Virginia, it ranks #43 out of 83 tracked cities.
Income Affordability
29%
AFFORDABLE

At $2,079/mo, rent takes ~29% of Fredericksburg's median household income ($86,071/yr). The standard benchmark is 30%.

Fredericksburg 29%Benchmark 30%
State income tax2–5.75%
Run the Fredericksburg affordability calculator →
Lowest-rent ZIP codes in Fredericksburg
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Fredericksburg, VA

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