Landlord Resources
How to Get a Loan for a Rental Property
Rental property loans differ from traditional mortgages, needing larger down payments, higher interest rates, and reserves, often disregarding projected rental income.
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What to Know About
Life in Madison Heights & Beyond
Madison Heights shares many of the great qualities that make Virginia a desirable place to live.
Virginia, where history and modernity seamlessly merge, is home to some of the most significant historical sites in the country. Take a trip back in time and explore the Colonial Williamsburg living history museum, which transports visitors to the 18th century, or wander through the cobblestone streets of Old Town Alexandria. Major universities in Virginia, like the University of Virginia and Virginia Tech, are renowned for their academic excellence. In addition, the state's diverse and growing economy, supported by thriving technology, agriculture, and tourism industries, offers ample employment opportunities.
Outdoor enthusiasts can enjoy a wide range of activities, including hiking and camping in the Blue Ridge Mountains, fishing and boating in the Chesapeake Bay, and skiing in the winter. Sports fans will be thrilled with the exciting college sports games, and families will love visiting famous attractions like the Virginia Beach Boardwalk and the Natural Bridge.
With its stunning natural landscapes, deep historical roots, and thriving economy, Virginia is a great place to live for those who appreciate the unique charm and heritage of the south.
Rental Market Trends
Madison Heights, VA
As of June 2026, Madison Heights's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Madison Heights's average rent is 37.0% ($636) lower than the Virginia average of $1,721 and 39.6% ($712) lower than the U.S. average of $1,797.
Average Rent
$1,085
Monthly ChangeMonth Over Month Change
1.5% ($16)
Yearly ChangeYear Over Year Change
0.6% ($6)
Avg. Days on MarketAverage Days on Market
32
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,061 | 1.7% ($18) | 31.5% ($254) |
| 2 Beds | $1,280 | 0.3% ($4) | 36% ($339) |
| 3 Beds | $1,543 | 0.3% ($5) | 34.5% ($396) |
| Nearby Cities | Average Rent | Avg. Rent vs. Madison HeightsAverage Rent vs. Madison Heights | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Lynchburg | $1,074 | 1% ($11) | 39 days |
| Forest | $1,397 | 28.8% ($312) | 34 days |
| Buena Vista | $957 | 11.8% ($128) | 38 days |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Madison Heights Rental Market FAQs
Explore rental prices, market trends, and availability in Madison Heights, VA.
The average rent in Madison Heights, VA is $1,085 per month.
Apartments in Madison Heights typically rent for between $743 and $2,006 per month, with an average of $1,085 per month.
In Madison Heights, the average rent for a 1-bedroom apartment is $1,061 per month, for a 2-bedroom apartment, $1,280 per month, and a 3-bedroom apartment is $1,543 per month.
The average rent in Madison Heights is 39.6% ($712) lower than the national average of $1,797 per month.
The average rent in Madison Heights has decreased by 1.5% ($16) in the last month and increased by 0.6% ($6) over the past year.
The rental market in Madison Heights, VA, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Madison Heights, VA, the average rental stays on the market for approximately 32 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 12 rental properties available in Madison Heights, VA.
Based on the current averages, a household would need an annual income of $51,200 to comfortably afford a 2-bedroom apartment in Madison Heights.
