Apartments in Cardinal Forest Fredericksburg

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15
3D Tour
$1,800 - 1,898
75 Malvern Lakes Cir Fredericksburg, VA
2 BR | Available Now
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Dog Friendly
Cat Friendly
Virtual Tour
Luxury
Section 8
7
$1,120 - 1,394
Fredericksburg, VA
Studio | Ask for Availability
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Income Restricted
Section 8
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Fredericksburg:
March Rent Report

Welcome to the March 2024 Fredericksburg Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the March 2024 key findings and figures for the Fredericksburg rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Fredericksburg and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Fredericksburg average rent prices in the chart below.

Monthly Rent Report

$2,150
$1,610
$1,080
$540
$0
Apr. 2023
May. 2023
Jun. 2023
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
1 BR       2 BR

Fredericksburg Rent Prices Decrease From February to March

Fredericksburg rent prices decreased over the last month. From February to March, the city experienced a -0.93% decrease for the price of a one-bedroom apartment. The rent price for a Fredericksburg one-bedroom apartments currently stands at $1,802.0.

When we take a look at the two-bedroom comparison from February to March, Fredericksburg experienced a -0.88% decrease for the price of a two-bedroom apartment. The rent price for a Fredericksburg two-bedroom apartments currently stands at $1,922.0.

March Prices: Fredericksburg vs. Surrounding Areas

Rent Prices in Fredericksburg and Surrounding Areas

Rent prices have decreased in Fredericksburg over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Fredericksburg suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Fredericksburg suburbs

  • Rents did not decrease in any of the Fredericksburg suburbs.

March 2024 Pricing Trends: Fredericksburg vs. National Comparisons

New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Minneapolis, MN
Columbus, OH
Pittsburgh, PA
$3,976
$3,029
$2,358
$2,336
$1,866
$1,310
$1,235
$1,124
$0
$1,300
$2,600
$3,900
$5,200
Median Rent

Fredericksburg Rent Prices More Affordable Than Major Cities

Rent growth in Fredericksburg over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Fredericksburg average rent prices appear to be relatively affordable for local residents.

The price for a Fredericksburg one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Fredericksburg and surrounding area rent prices, take a look at the complete data set below.

Data set for Fredericksburg and suburbs

1 BR March 1 BR M/M % Change 2 BR March 2 BR M/M % Change

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.