Homes For Rent in Smithfield, VA

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What to Know About

Life in Smithfield & Beyond

Smithfield 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

Smithfield, VA

As of March 2025, Smithfield's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Smithfield's average rent is 3.5% ($65) lower than the Virginia average of $1,841 and 0.7% ($12) lower than the U.S. average of $1,788.

Average Rent
$1,776
Monthly ChangeMonth Over Month Change
Increased23.8% ($342)
Yearly ChangeYear Over Year Change
Increased24.4% ($348)
Avg. Days on MarketAverage Days on Market
37
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,311 Increased7.3% ($89) Increased6.7% ($82)
2 Beds $1,524 Increased7.3% ($104) Increased6.7% ($96)
3 Beds $1,788 Increased6.3% ($106) Increased6.7% ($112)
Nearby Cities Average Rent Avg. Rent vs. SmithfieldAverage Rent vs. Smithfield Avg. Days on MarketAverage Days on Market
Carrollton $1,761 Decreased0.8% ($15) 37 days
Newport News $1,593 Decreased10.3% ($183) 45 days
Suffolk $1,859 Increased4.7% ($83) 38 days
Yorktown $1,790 Increased0.8% ($14) 38 days
Hampton $1,622 Decreased8.7% ($154) 33 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Smithfield Rental Market FAQs

Explore rental prices, market trends, and availability in Smithfield, VA.

The average rent in Smithfield, VA is $1,776 per month.
Homes in Smithfield typically rent for between $918 and $2,324 per month, with an average of $1,776 per month.
In Smithfield, the average rent for a 1-bedroom home is $1,311 per month, for a 2-bedroom home, $1,524 per month, and a 3-bedroom home is $1,788 per month.
The average rent in Smithfield is 0.7% ($12) lower than the national average of $1,788 per month.
The average rent in Smithfield has increased by 23.8% ($342) in the last month and increased by 24.4% ($348) over the past year.
The rental market in Smithfield, VA, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Smithfield, VA, the average rental stays on the market for approximately 37 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 6 rental properties available in Smithfield, VA.
Based on the current averages, a household would need an annual income of $60,960 to comfortably afford a 2-bedroom home in Smithfield.
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