Advertisement

Charlottesville rent prices decrease after 2021 surge

Published: Jan. 13, 2022 at 2:21 PM EST
Email This Link
Share on Pinterest
Share on LinkedIn

CHARLOTTESVILLE, Va. (WVIR) - Rent prices are on the rise around Charlottesville, according to a new report.

Apartment List says prices went up more than 13% in 2021. However, the median rent price did come down in December.

Charlottesville is a competitive market because of low vacancies.

“If you’re hitting the rental market right now, if you’re looking to renew or find a new place, I expect that you’re going to find yourself in a pretty competitive space,” Rob Warnock with Apartment List said.

The current rent decline is consistent with season trends, but is expected to get expensive again in the spring.

Copyright 2022 WVIR. All rights reserved.

Do you have a story idea? Send us your news tip here.