Charlottesville rent prices decrease after 2021 surge

Published: Jan. 13, 2022 at 2:21 PM EST
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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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