At $1,629/mo, rent takes about 39% of the local median household income, slightly above the 30% benchmark.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,629 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 →
12-month history
Last updated: October 17, 2026
What the numbers show
Rent in Montrose changed +4.4% over the year to September 2026. Across the 66 Virginia cities Zillow tracks, the typical change was +2.5%.
Rent has risen 7 months in a row, and rose in 10 of the last 12 months.
30% of the median household income ($49,550) is $1,239 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,075); a 2-bedroom is $1,253.
Hopewell, 19 miles away, rents for 19% less ($1,322/mo), about $3,700 a year in savings.
From Zillow's monthly rent index (ZORI) for Montrose. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
Montrose, VA is majority renter-occupied, has a median income below the national average, 20.7% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Montrose, VA has changed in 5 years
On the earnings side, the typical household in Montrose, VA now reports about $49,550, up from $38,111 in 2021. Census counts show Montrose, VA adding about 673 residents over the five-year window, up 8.8% on net. The renter share has eased from 64.5% to 62.3%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 15.8% to 20.7% across the same window.
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At $1,629/mo, how Montrose rent compares to typical pay (30% rule).
Montrose rent by bedroom count
Median rent for each apartment size in Montrose. Click any size for full breakdown.
Tips for renters in Montrose
Last updated: October 17, 2026
The median rent in Montrose is $1,629/mo as of October 2026. a 2-bedroom runs $1,253/mo. One-bedroom apartments average $1,075/mo and 3-bedroom units go for $1,606/mo.
At 39% of local median household income ($49,550/yr), Montrose ranks as moderate compared to the national benchmark of 30%. Rents have increased 4.4% over the past year.
Frequently asked questions
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Which nearby cities are cheaper to rent in than Montrose?
At $1,629/mo, rent takes ~39% of Montrose's median household income ($49,550/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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