Average Rent in Grayson County, VA↓ Rents falling 6.0% YoY🔻 7th cheapest in VA
HUD FY2025 · Official government data · Updated annually · Metro pop. 15,323
Market Overview
Grayson County, VA has rental prices ranging from $736/month to $1,235/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $769/month — 45% below the national average of $1,400/month. With a median household income of $42,864/year, spending $769/month on a 1-bedroom represents 22% of gross income — within the recommended 30% threshold.
How Grayson County Compares
With an average 2-bedroom rent of $851/month, Grayson County ranks #62 most expensive of the 68 cities tracked in Virginia — more affordable than 92% of all US cities in our data.
The Grayson County Rental Market
The Grayson County, VA area has a population of about 15,323 and 18% of households renting rather than owning. That renter share runs below the US average of ~34%, a more homeowner-heavy market where rental inventory can be limited.
Rent Trends
2-bedroom rents in Grayson County, VA have fallen by $54/month (6.0%) over the past year, from $905 to $851. This slight decline is consistent with broader market corrections seen across US rental markets.
Affordability
To afford a 1-bedroom apartment in Grayson County, VA without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $30,760. The local median household income of $42,864 exceeds that threshold by $12,104, making Grayson County relatively accessible compared to local wages.
Economy & Jobs
Grayson County, VA has an unemployment rate of 3.5%, 0.4 percentage points below the national average of 3.9%. Strong employment conditions typically sustain rental demand, as workers relocate to the area and local residents maintain stable housing.
Fair Market Rents
HUD FY2025Is Grayson County, VA Affordable?
Income needed to rent or buy, price history, and how this city compares to nearby metros.
Affordability Index(30% income rule)
Nearby Cities in VAlargest metros in the state
| City | Studio | 1BR | 2BR | 3BR | Home Value |
|---|---|---|---|---|---|
| Madison County | $907 | $913 | $1,096 | $1,361 | — |
| Warren County | $983 | $989 | $1,298 | $1,744 | — |
| King and Queen County | $1,152 | $1,197 | $1,325 | $1,645 | — |
| Richmond | $1,488 | $1,545 | $1,711 | $2,166 | — |
| Roanoke | $892 | $948 | $1,141 | $1,597 | — |
| Lynchburg | $1,043 | $1,062 | $1,200 | $1,647 | — |
Rent or Buy in Grayson County?
Break-even analysis and mortgage estimates based on local market data.
Should I Rent or Buy?
Break-even analysis using real Grayson County data
Renting appears to be the better financial choice for this scenario.
Living in Grayson County
Cost of living, job market, crime rates, and moving cost estimates.
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Frequently Asked Questions
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💵Rent Affordability in Grayson CountySalary needed to afford rent here
🗺️All Cities in VASee how Grayson County ranks statewide
⚖️Compare Grayson CountySide-by-side rent & cost of living with any city
📋VA Tenant RightsDeposit limits, eviction laws & renters protections