Smithfield, VA Rental Market Trends
The average rent for an apartment in Smithfield is $924, a 2% decrease compared to the previous year, when the average rent was $940.
Average Rent in Smithfield, VA
|Average Rent||Y-o-Y Change||Average Apartment Size|
|$924||-2%||840 sq. ft.|
The average size for a Smithfield, VA apartment is 840 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Smithfield, VA Apartment Rent Ranges
Smithfield, VA Occupied Housing Units
- Renter-occupied Households25%
- Owner-occupied Households74%
840 or 25% of the households in Smithfield, VA are renter-occupied while 2,396 or 74% are owner-occupied.
Smithfield, VA Rent Trends
|Mar / 2017||Jul / 2017||Nov / 2017||Mar / 2018||Jul / 2018||Nov / 2018||Mar / 2019||Jul / 2019||Apr / 2020|
How Smithfield Compares to Other Cities
|Average Rent||Y-o-Y Change|
For more information about the Smithfield rental trends, check out our monthly rent report
Curious about listings in your area? Check out our apartments near you for more details!