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City Report · VA

Montrose

Pop. 8,285·68th most expensive in Virginia·Rental market data updated monthly for Montrose, VA
Median rent (all units)
$1,595/mo
Year-over-Year
Stable
Month-over-Month
-3.6%
vs US Median
-$370
Falling (Monthly)
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Most AffordableMost Expensive
Montrose · $1,595
More affordable than 70% of US cities · National median $1,965/mo
Affordability
39% of income
MODERATE
0%30% benchmark60%+

At $1,595/mo, rent takes about 39% of the local median household income, slightly above the 30% benchmark.

Income to afford
$64,000/yr
Local median income
$49,550/yr
Based on the 30%-of-income rule using Montrose's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

1 BR
$1,075
2 BR
$1,253
3 BR
$1,606
4 BR+
$1,660
Research median
$1,253/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
$19,140/yr
At $1,595/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+0.0% YoY, -3.6% MoM), not inventory.
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Demographics

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.

Population
8,285
Median income
$49,550
Median age
39.9
Renters
62.3%
Age distribution
19.2%
23.1%
27.6%
18.4%
Under 1819.2%
18–3423.1%
35–5427.6%
55–6411.8%
65+18.4%
Gender
38.9%
61.1%
Male38.9%
Female61.1%
Race & ethnicity
17.4%
72.2%
White17.4%
Black72.2%
Hispanic2.5%
Asian1.8%
Other6.1%
Education (25+)
14.8%
33.3%
31.2%
20.7%
No HS diploma14.8%
HS diploma33.3%
Some college31.2%
Bachelor's+20.7%
Housing tenure
37.7%
62.3%
Owner37.7%
Renter62.3%

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

2021 vs 2026

How Montrose, VA has changed in 5 years

Income
$38,111 → $49,550
up 30.0%
Population
7,612 → 8,285
up 8.8%
Renter share
64.5% → 62.3%
-2.2 pts
Bachelor's+
15.8% → 20.7%
+4.9 pts
Median age
42.5 → 39.9
-2.6 yrs

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.

Community

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

Can you afford rent in Montrose on your salary?

At $1,595/mo, how Montrose rent compares to typical pay (30% rule).

By apartment size

Montrose rent by bedroom count

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

Local insights

Tips for renters in Montrose

About renting in Montrose, VA

Last updated: July 20, 2026

The median rent in Montrose is $1,595/mo as of July 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%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Montrose an affordable city for renters?

Montrose is considered moderate for renters. At $1,595/mo, rent takes approximately 39% of the local median household income ($49,550/yr). The standard benchmark is 30%. Montrose slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Montrose?

To keep rent at or below 30% of gross income, you would need to earn at least $64,000/year (~$31/hour full-time) to afford the median rent of $1,595/mo in Montrose. The local median household income is $49,550/yr, meaning the typical Montrose household falls short of that threshold.

Is rent going up or down in Montrose?

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

How does Montrose rent compare to other cities in Virginia?

Montrose is one of the more affordable cities in Virginia for rent, ranking #68 out of 83 tracked cities at $1,595/mo.

Which nearby cities are cheaper to rent in than Montrose?

Highland Springs is nearby and more affordable at $1,581/mo, which is $14 less than Montrose.

What percentage of Montrose residents rent vs. own?

According to Census data, approximately 62.3% of Montrose households are renters, while 37.7% are owner-occupied. With a majority renter population, Montrose has a strong rental market.

How does Montrose rent compare to the national average?

Montrose's median rent of $1,595/mo is $370 (19%) below the US national median of $1,965/mo. Within Virginia, it ranks #68 out of 83 tracked cities.
Income Affordability
39%
MODERATE

At $1,595/mo, rent takes ~39% of Montrose's median household income ($49,550/yr). The standard benchmark is 30%.

Montrose 39%Benchmark 30%
State income tax2–5.75%
Run the Montrose affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Montrose, VA

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