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City Report · VA

Madison Heights

Pop. 10,266·78th most expensive in Virginia·One of the most affordable rental markets in the US
Median rent (all units)
$1,351/mo
Year-over-Year
Stable
Month-over-Month
+21.7%
vs US Median
-$614
Rising (Monthly)
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Most AffordableMost Expensive
Madison Heights · $1,351
More affordable than 85% of US cities · National median $1,965/mo
Affordability
27% of income
AFFORDABLE
0%30% benchmark60%+

At $1,351/mo, rent takes about 27% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$54,000/yr
Local median income
$60,215/yr
Based on the 30%-of-income rule using Madison Heights's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$880
1 BR
$890
2 BR
$1,010
3 BR
$1,390
4 BR+
$1,500
Research median
$1,010/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
$16,212/yr
At $1,351/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+0.0% YoY, +21.7% MoM), not inventory.
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Demographics

Who lives here

Madison Heights, VA is majority owner-occupied, has a large retiree population, has a median income below the national average, 17.4% of residents hold a bachelor's degree or higher.

Population
10,266
Median income
$60,215
Median age
44.4
Renters
28.6%
Age distribution
18.4%
21.9%
22.3%
16.4%
21%
Under 1818.4%
18–3421.9%
35–5422.3%
55–6416.4%
65+21%
Gender
50.7%
49.3%
Male50.7%
Female49.3%
Race & ethnicity
68.4%
23.1%
White68.4%
Black23.1%
Hispanic2.7%
Other5.6%
Education (25+)
37%
34.8%
17.4%
No HS diploma10.8%
HS diploma37%
Some college34.8%
Bachelor's+17.4%
Housing tenure
71.4%
28.6%
Owner71.4%
Renter28.6%

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

2021 vs 2026

How Madison Heights, VA has changed in 5 years

Income
$49,928 → $60,215
up 20.6%
Population
10,790 → 10,266
down 4.9%
Renter share
30.1% → 28.6%
-1.5 pts
Bachelor's+
17.1% → 17.4%
+0.3 pts

Local incomes tracked alongside that move, going from a median of $49,928 in 2021 to $60,215 more recently. Census counts show Madison Heights, VA losing about 524 residents over the five-year window, down 4.9% on net. The renter share has eased from 30.1% to 28.6%, with owner-occupied housing accounting for the remainder.

Community

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View Madison Heights rent history (2015–2026) →
Salary vs rent

Can you afford rent in Madison Heights on your salary?

At $1,351/mo, how Madison Heights rent compares to typical pay (30% rule).

By apartment size

Madison Heights rent by bedroom count

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

Local insights

Tips for renters in Madison Heights

About renting in Madison Heights, VA

Last updated: July 20, 2026

The median rent in Madison Heights is $1,351/mo as of July 2026. A studio apartment averages $880/mo while a 2-bedroom runs $1,010/mo. One-bedroom apartments average $890/mo and 3-bedroom units go for $1,390/mo.

At 27% of local median household income ($60,215/yr), Madison Heights ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Madison Heights an affordable city for renters?

Madison Heights is considered affordable for renters. At $1,351/mo, rent takes approximately 27% of the local median household income ($60,215/yr). The standard benchmark is 30%. Madison Heights falls comfortably within that range.

How much income do you need to rent in Madison Heights?

To keep rent at or below 30% of gross income, you would need to earn at least $54,000/year (~$26/hour full-time) to afford the median rent of $1,351/mo in Madison Heights. The local median household income is $60,215/yr, meaning the typical Madison Heights household meets that threshold.

Is rent going up or down in Madison Heights?

Rent in Madison Heights has been relatively stable over the past year, with a 0.0% change year over year as of July 2026.

How does Madison Heights rent compare to other cities in Virginia?

Madison Heights is one of the more affordable cities in Virginia for rent, ranking #78 out of 83 tracked cities at $1,351/mo.

Which nearby cities are cheaper to rent in than Madison Heights?

Lynchburg is nearby and more affordable at $1,325/mo, which is $26 less than Madison Heights.

What percentage of Madison Heights residents rent vs. own?

According to Census data, approximately 28.6% of Madison Heights households are renters, while 71.4% are owner-occupied. Madison Heights leans toward homeownership, which can mean a smaller rental inventory.

How does Madison Heights rent compare to the national average?

Madison Heights's median rent of $1,351/mo is $614 (31%) below the US national median of $1,965/mo. Within Virginia, it ranks #78 out of 83 tracked cities.
Income Affordability
27%
AFFORDABLE

At $1,351/mo, rent takes ~27% of Madison Heights's median household income ($60,215/yr). The standard benchmark is 30%.

Madison Heights 27%Benchmark 30%
State income tax2–5.75%
Run the Madison Heights affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Madison Heights, VA

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