Charlottesville rent prices decrease after 2021 surge
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.
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