ZIP Code · VA

ZIP 22903

Pop. 40,372·Albemarle County·54th most expensive ZIP in Virginia
Median rent (all units)
$2,370/mo
Year-over-Year
+4.3%
Month-over-Month
Stable
vs US Median
+$438
Reported rents
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 22903 · $2,370
More expensive than 76% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$1,470
1 BR
$1,660
2 BR
$1,890
3 BR
$2,300
4 BR+
$2,830
Research median
$1,890/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: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

January. Asking rents in ZIP 22903 usually run 0.9% below trend in January and 0.5% above it in April, about $33 a month apart at today's median. Based on 11 years of data.

Compared with the peak

Rent in ZIP 22903 is 0% below its high of $2,370 in August 2026, at $2,370 as of September 2026.

Past year vs. the rest of Virginia

Rent in ZIP 22903 changed +4.3% over the year to September 2026. Across the 169 Virginia ZIP codes Zillow tracks, the typical change was +3.4%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 22903 rose 36.4% while median household income rose 8.2% ($64,107 to $69,340). Rent outpaced income.

Since before the pandemic

Rent in ZIP 22903 is 46.1% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

What a typical income covers

30% of the median household income ($69,340) is $1,734 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,660); a 2-bedroom is $1,890.

Rank in Charlottesville

4th cheapest of 4 ZIP codes in Charlottesville.

Cheaper nearby

ZIP 22901, 6 miles away, rents for 27% less ($1,727/mo), about $7,700 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 22903. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost
$28,440/yr
At $2,370/mo median
Location
StateVA
CountyAlbemarle County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (4.3% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+4.3% YoY, +0.0% MoM), not inventory.
Demographics

Who lives here

ZIP 22903 (Charlottesville, VA) is majority renter-occupied, skews toward younger working-age adults, 66.4% of residents hold a bachelor's degree or higher.

Population
40,372
Median income
$69,340
Median age
29.2
Renters
57.8%
Age distribution
15.9%
44%
19.8%
Under 1815.9%
18–3444%
35–5419.8%
55–648.4%
65+11.9%
Gender
48.7%
51.3%
Male48.7%
Female51.3%
Race & ethnicity
66.4%
14.3%
White66.4%
Black14.3%
Hispanic7%
Asian9.2%
Other3.1%
Education (25+)
12.8%
15.3%
66.4%
No HS diploma5.5%
HS diploma12.8%
Some college15.3%
Bachelor's+66.4%
Housing tenure
42.2%
57.8%
Owner42.2%
Renter57.8%

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

2021 vs 2026

How ZIP 22903 in Charlottesville, VA has changed in 5 years

Rent
$1,691 → $2,370
up 40.2%
Income
$62,280 → $69,340
up 11.3%
Population
39,859 → 40,372
up 1.3%
Renter share
60.7% → 57.8%
-2.9 pts
Bachelor's+
63.5% → 66.4%
+2.9 pts

Compared with 2021, rent in ZIP 22903 in Charlottesville, VA has climbed by $679 per month, settling near $2,370 after starting the period at $1,691. Local incomes tracked alongside that move, going from a median of $62,280 in 2021 to $69,340 more recently. Rent outpaced income growth by roughly 28.9 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 39,859 to 40,372 between 2021 and 2024, a 1.3% change. About 57.8% of households rent today, against 60.7% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 63.5% to 66.4%. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 22903 in Charlottesville, VA market of 2021.

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Local insights

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About renting in ZIP 22903

Last updated: October 17, 2026

ZIP code 22903 covers Charlottesville, VA. The median rent here is $2,370/mo as of October 2026. A 1-bedroom rents for a median of $1,660/mo. A 2-bedroom rents for a median of $1,890/mo.

At 41% of local median household income ($69,340/yr), ZIP 22903 ranks as moderate compared to the national benchmark of 30%. Rents have increased 4.3% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 22903?

To keep rent at or below 30% of gross income, you would need to earn at least $95,000/year (about $46/hour full-time) to afford the median rent of $2,370/mo in ZIP 22903. The local median household income is $69,340/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 22903?

Rent in ZIP 22903 has risen 4.3% over the past year as of September 2026. It sits 0% below its high of $2,370 in August 2026.

When is the cheapest time to rent in ZIP 22903?

Asking rents in ZIP 22903 are usually lowest in January, about 0.9% below their yearly trend, and highest in April, about 0.5% above it. At today's median that is a gap of roughly $33 a month. This pattern comes from 11 years of Zillow rent data.

Has rent outpaced income in ZIP 22903?

Yes. From 2019 to 2024, rent in ZIP 22903 rose 36.4% while median household income rose 8.2%, from $64,107 to $69,340. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 22903 compare to other ZIPs in Virginia?

ZIP 22903 is one of the pricier among Virginia ZIP codes for rent, ranking #54 of 194 at $2,370/mo. Over the year to September 2026, rent in ZIP 22903 changed +4.3%, against a typical +3.4% across the 169 Virginia ZIP codes Zillow tracks.

How does ZIP 22903 compare to the rest of Charlottesville?

At $2,370/mo, ZIP 22903 is $341 above the Charlottesville citywide median of $2,029/mo. It is the 4th cheapest of 4 ZIP codes in Charlottesville.
Income Affordability
41%
STRETCHED

At $2,370/mo, rent takes ~41% of ZIP 22903's median household income ($69,340/yr). The standard benchmark is 30%.

ZIP 22903 41%Benchmark 30%
State income tax2–5.75%
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Schools nearby

Public schools near ZIP 22903 (Charlottesville, VA)

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