ZIP Code · VA

ZIP 23059

Part of Glen Allen, VA

Pop. 42,522·Hanover County·86th most expensive ZIP in Virginia

Median rent (all units)

$2,079/mo

Year-over-Year

+2.4%

Month-over-Month

+0.3%

vs US Median

+$147

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 23059 · $2,079

More expensive than 65% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,920

1 BR

$2,000

2 BR

$2,200

3 BR

$2,750

4 BR+

$3,390

Research median

$2,200/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 23059 usually run 1.9% below trend in January and 1% above it in July, about $60 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 23059 is 0.7% below its high of $2,093 in April 2026, at $2,079 as of September 2026.

Past year vs. the rest of Virginia

Rent in ZIP 23059 changed +2.4% over the year to September 2026. Across the 169 Virginia ZIP codes Zillow tracks, the typical change was +3.4%.

Recent direction

Rent rose in 6 of the last 12 months.

What a typical income covers

30% of the median household income ($157,897) is $3,947 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($3,390).

Cheaper nearby

ZIP 23294, 5 miles away, rents for 20% less ($1,653/mo), about $5,100 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 23059. 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

$24,948/yr

At $2,079/mo median

Location

CityGlen Allen

StateVA

CountyHanover County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (2.4% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+2.4% YoY, +0.3% MoM), not inventory.

Demographics

Who lives here

ZIP 23059 (Glen Allen, VA) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 69.5% of residents hold a bachelor's degree or higher.

Population

42,522

Median income

$157,897

Median age

39.6

Renters

21.6%

Age distribution

26.9%

15.1%

33.6%

13.9%

Under 1826.9%

18–3415.1%

35–5433.6%

55–6410.4%

65+13.9%

Gender

47.8%

52.2%

Male47.8%

Female52.2%

Race & ethnicity

55.8%

27.1%

White55.8%

Black9.1%

Hispanic4.3%

Asian27.1%

Other3.7%

Education (25+)

16.2%

69.5%

No HS diploma3.3%

HS diploma11.1%

Some college16.2%

Bachelor's+69.5%

Housing tenure

78.4%

21.6%

Owner78.4%

Renter21.6%

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

2021 vs 2026

How ZIP 23059 in Glen Allen, VA has changed in 5 years

Rent

$1,612 → $2,079

up 29.0%

Income

$127,767 → $157,897

up 23.6%

Population

40,982 → 42,522

up 3.8%

Renter share

22.8% → 21.6%

-1.2 pts

Bachelor's+

68.3% → 69.5%

+1.2 pts

Median age

38.9 → 39.6

+0.7 yrs

Five years ago, renters in ZIP 23059 in Glen Allen, VA paid around $1,612 a month. That figure now sits near $2,079, up 29.0% from the 2021 baseline. Local incomes tracked alongside that move, going from a median of $127,767 in 2021 to $157,897 more recently. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 23059 in Glen Allen, VA adding about 1,540 residents over the five-year window, up 3.8% on net. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 23059 in Glen Allen, VA market of 2021.

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About renting in ZIP 23059

Last updated: October 17, 2026

ZIP code 23059 covers Glen Allen, VA. The median rent here is $2,079/mo as of October 2026. A 1-bedroom rents for a median of $2,000/mo. A 2-bedroom rents for a median of $2,200/mo.

At 16% of local median household income ($157,897/yr), ZIP 23059 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.4% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 23059?

To keep rent at or below 30% of gross income, you would need to earn at least $83,000/year (about $40/hour full-time) to afford the median rent of $2,079/mo in ZIP 23059. The local median household income is $157,897/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 23059?

Rent in ZIP 23059 has risen 2.4% over the past year as of September 2026. It sits 0.7% below its high of $2,093 in April 2026.

When is the cheapest time to rent in ZIP 23059?

Asking rents in ZIP 23059 are usually lowest in January, about 1.9% below their yearly trend, and highest in July, about 1% above it. At today's median that is a gap of roughly $60 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 23059 compare to other ZIPs in Virginia?

ZIP 23059 is in the middle among Virginia ZIP codes for rent, ranking #86 of 194 at $2,079/mo. Over the year to September 2026, rent in ZIP 23059 changed +2.4%, against a typical +3.4% across the 169 Virginia ZIP codes Zillow tracks.