Albemarle County, VA

2024 Fair Market Rents

Tags: 2024 Charlottesville, VA MSA

Return to the state page to see where Virginia ranks nationally and to view information on other counties. Click on the map to view a different county.

The top four largest cities in Albemarle County are Charlottesville, Ruckersville, Gordonsville, and Scottsville. Fair Market Rents on this page may apply depending on whether the county uses SAFMRs or county level FMRs. Cities in multiple SAFMR areas will have different SAFMRS based on ZIP code.

What type of FMR does Albemarle County use?

Small Area Fair Market Rents were created by the HUD for this county/Metro Fmr Area however Albemarle County is not required to use Small Area FMRs by the HUD. It is at the discretion of the local Housing Authority to determine if SAFMRs or 40th percentile FMRs are used.

To learn more about the criteria the HUD uses to determine if a Metro FMR Area requires Small Area Fair Market Rents click here.

How does Albemarle County compare?

Albemarle County ($1,678) has a 32.5% higher FMR for 2-Bedroom housing than the average of Virginia ($1,266) and therefore a higher gross rent.

Albemarle County is rank 15th out of 133 counties. This means the FMRs, or in other words, the gross rent is higher than 118 other counties. Albemarle County is the 15th most expensive county in terms of FMRs.

Rent Tables Albemarle County, VA

Fair Market Rent (40th Percentile)

$1,392
studio
$1,415
1-Bedroom
$1,678
2-Bedroom
$2,114
3-Bedroom
$2,608
4-Bedroom

Median Rent (50th Percentile)

$1,520
studio
$1,545
1-Bedroom
$1,832
2-Bedroom
$2,308
3-Bedroom
$2,847
4-Bedroom

Small Market Areas (By Zip Code)

The 90% and 110% SAFMRs represent the minimum and maximum payment standards that can be set by the local Public Housing Authority under regular conditions. The payment standard is the actual value used in Section 8. For more on payment standards click here.

FMRs and SAFMRs are set by the HUD. The local PHA takes these FMR/SAFMR values and may decide to use any value that is within +-10% of the FMR/SAFMR as the payment standard for the areas under their jurisdiction.

For a more in-depth explaination return to the overview page.

ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
22901 $0 $1,440 $1,710 $2,150 $2,660
22902 $0 $1,520 $1,800 $2,270 $2,800
22903 $0 $1,440 $1,710 $2,150 $2,660
22904 $0 $1,440 $1,710 $2,150 $2,660
22911 $0 $1,600 $1,900 $2,390 $2,950
22920 $0 $1,250 $1,480 $1,870 $2,300
22923 $0 $1,520 $1,800 $2,270 $2,800
22924 $0 $1,500 $1,780 $2,240 $2,770
22931 $0 $1,060 $1,270 $1,570 $1,950
22932 $0 $1,660 $1,970 $2,480 $3,060
22935 $0 $1,150 $1,380 $1,750 $2,160
22936 $0 $1,570 $1,860 $2,340 $2,890
22937 $0 $1,070 $1,270 $1,600 $1,970
22938 $0 $1,060 $1,270 $1,570 $1,950
22940 $0 $1,560 $1,860 $2,340 $2,890
22942 $0 $1,060 $1,270 $1,570 $1,950
22943 $0 $1,430 $1,700 $2,140 $2,640
22945 $0 $1,500 $1,780 $2,240 $2,770
22946 $0 $1,140 $1,350 $1,700 $2,100
22947 $0 $1,260 $1,490 $1,880 $2,320
22959 $0 $1,060 $1,270 $1,570 $1,950
22968 $0 $1,130 $1,340 $1,690 $2,080
22969 $0 $1,270 $1,510 $1,900 $2,350
22974 $0 $1,370 $1,620 $2,050 $2,530
24562 $0 $1,270 $1,510 $1,900 $2,340
24590 $0 $1,190 $1,410 $1,780 $2,190
22920 $0 $1,250 $1,480 $1,870 $2,300
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
22901 $1,278 $1,296 $1,539 $1,935 $2,394
22902 $1,341 $1,368 $1,620 $2,043 $2,520
22903 $1,278 $1,296 $1,539 $1,935 $2,394
22904 $1,278 $1,296 $1,539 $1,935 $2,394
22911 $1,422 $1,440 $1,710 $2,151 $2,655
22920 $1,107 $1,125 $1,332 $1,683 $2,070
22923 $1,341 $1,368 $1,620 $2,043 $2,520
22924 $1,332 $1,350 $1,602 $2,016 $2,493
22931 $945 $954 $1,143 $1,413 $1,755
22932 $1,467 $1,494 $1,773 $2,232 $2,754
22935 $1,017 $1,035 $1,242 $1,575 $1,944
22936 $1,386 $1,413 $1,674 $2,106 $2,601
22937 $945 $963 $1,143 $1,440 $1,773
22938 $945 $954 $1,143 $1,413 $1,755
22940 $1,386 $1,404 $1,674 $2,106 $2,601
22942 $945 $954 $1,143 $1,413 $1,755
22943 $1,269 $1,287 $1,530 $1,926 $2,376
22945 $1,332 $1,350 $1,602 $2,016 $2,493
22946 $1,008 $1,026 $1,215 $1,530 $1,890
22947 $1,116 $1,134 $1,341 $1,692 $2,088
22959 $945 $954 $1,143 $1,413 $1,755
22968 $999 $1,017 $1,206 $1,521 $1,872
22969 $1,125 $1,143 $1,359 $1,710 $2,115
22974 $1,215 $1,233 $1,458 $1,845 $2,277
24562 $1,125 $1,143 $1,359 $1,710 $2,106
24590 $1,053 $1,071 $1,269 $1,602 $1,971
22920 $1,107 $1,125 $1,332 $1,683 $2,070
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
22901 $1,562 $1,584 $1,881 $2,365 $2,926
22902 $1,639 $1,672 $1,980 $2,497 $3,080
22903 $1,562 $1,584 $1,881 $2,365 $2,926
22904 $1,562 $1,584 $1,881 $2,365 $2,926
22911 $1,738 $1,760 $2,090 $2,629 $3,245
22920 $1,353 $1,375 $1,628 $2,057 $2,530
22923 $1,639 $1,672 $1,980 $2,497 $3,080
22924 $1,628 $1,650 $1,958 $2,464 $3,047
22931 $1,155 $1,166 $1,397 $1,727 $2,145
22932 $1,793 $1,826 $2,167 $2,728 $3,366
22935 $1,243 $1,265 $1,518 $1,925 $2,376
22936 $1,694 $1,727 $2,046 $2,574 $3,179
22937 $1,155 $1,177 $1,397 $1,760 $2,167
22938 $1,155 $1,166 $1,397 $1,727 $2,145
22940 $1,694 $1,716 $2,046 $2,574 $3,179
22942 $1,155 $1,166 $1,397 $1,727 $2,145
22943 $1,551 $1,573 $1,870 $2,354 $2,904
22945 $1,628 $1,650 $1,958 $2,464 $3,047
22946 $1,232 $1,254 $1,485 $1,870 $2,310
22947 $1,364 $1,386 $1,639 $2,068 $2,552
22959 $1,155 $1,166 $1,397 $1,727 $2,145
22968 $1,221 $1,243 $1,474 $1,859 $2,288
22969 $1,375 $1,397 $1,661 $2,090 $2,585
22974 $1,485 $1,507 $1,782 $2,255 $2,783
24562 $1,375 $1,397 $1,661 $2,090 $2,574
24590 $1,287 $1,309 $1,551 $1,958 $2,409
22920 $1,353 $1,375 $1,628 $2,057 $2,530

Fair Market Rents on this page apply to the following cities in Albemarle County, Virginia: Charlottesville, Ruckersville, Gordonsville, Scottsville, Crozet, Earlysville, Barboursville, Keswick, Troy, Afton, North Garden, Free Union, Faber, Schuyler, Esmont, Dyke, Greenwood, Keene, Ivy, and Covesville.

These Fair Market Rents also apply to the following ZIP codes in Albemarle County, Virginia: 22901, 22903, 22902, 22911, 22968, 22942, 24590, 22932, 22936, 22923, 22947, 22974, 22920, 22959, 22940, 22938, 22969, 22937, 22935, and 22943.

Albemarle County, VA is considered part of the following metro FMR area: CHARLOTTESVILLE, VA MSA.

Other counties in the same metro FMR area are: Fluvanna County, VA, Greene County, VA, Nelson County, VA, and Charlottesville city, VA.

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Data Source

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Fair Market Rents are published by the Department of Housing And Urban Development.