County FMR · HUD FY2026
Chesterfield County Fair Market Rent
HUD's FY2026 Fair Market Rent for Chesterfield County, VA - 57% above the US average.
- $1,507
- 1-bedroom FMR
- $1,655
- 2-bedroom FMR
- -2.5%
- YoY change
- +57%
- vs US avg
The verdict
Chesterfield is the 47th most expensive of 133 counties in Virginia by 2-bedroom FMR.
- #47
- most expensive of 133 in Virginia (2BR)
- +27%
- vs the state average
- $60,280
- income to afford it (30% rule)
- -2.5%
- YoY, FY2025→2026
Software Developers spend the smallest share of income on rent here (13.4%), while Fast Food and Counter Workers spend the most (62.2%).
FY 2026 HUD Fair Market Rent for Chesterfield County, VA. Verify with HUD →
The Fair Market Rent for a 1-bedroom apartment in Chesterfield County, Virginia is $1,507 per month in FY 2026, according to the U.S. Department of Housing and Urban Development (HUD). A 2-bedroom costs $1,655/mo and a studio is $1,442/mo. This is 57% higher than the national average of $959 and 27% above the Virginia average of $1,182.
Rent decreased2.5% from FY 2025 ($1,545), declining against the trend. To afford rent here, a household needs at least $60,280/year based on the 30% affordability rule.
FY 2026 HUD Fair Market Rents in Virginia. Population: 366,019. Population grew 9.5% over the past five years (Census ACS) - among the faster-growing counties nationally, a trend that typically adds upward pressure on rents. That's faster than Virginia's statewide growth of +2.9% over the same period.
What these rents mean for Chesterfield County
The Chesterfield County FMR area applies to all ZIP codes inside the county boundary, and Virginia's housing authorities use it as the baseline for Section 8 Housing Choice Voucher payment standards. See how FMR is calculated for the full 40th-percentile methodology and payment-standard rules.
Compared to the rest of the country, a 1-bedroom here is 57% above the US average of $959 and 27% higher than the Virginia state average of $1,182. Year-over-year, the 1-bedroom FMR moved from$1,545 in FY 2025 to $1,507 in FY 2026 - a change of -2.5%, which is unusual and suggests softening demand or revised HUD sampling.
At the FY 2026 1-bedroom FMR of $1,507, affording it under the 30%-of-income rule takes $60,280 per year (about $5,023/month) in household income, and a 2-bedroom at $1,655 pushes that threshold even higher. With a population of 366,019 and a county median household income of $98,910, the arithmetic here directly shapes which wage earners can rent without being cost-burdened.
Fair Market Rents (2026)
Year-over-Year Comparison
| Bedrooms | FY 2025 | FY 2026 | Change |
|---|---|---|---|
| Studio | $1,488 | $1,442 | $-46 (-3.1%) |
| 1 Bedroom | $1,545 | $1,507 | $-38 (-2.5%) |
| 2 Bedroom | $1,711 | $1,655 | $-56 (-3.3%) |
| 3 Bedroom | $2,166 | $2,072 | $-94 (-4.3%) |
| 4 Bedroom | $2,677 | $2,553 | $-124 (-4.6%) |
Affordability Snapshot
Based on the standard that rent should not exceed 30% of gross income:
Rent Burden Analysis
How much of household income goes to rent in Chesterfield County. The 30% threshold indicates cost burden.
How we calculate this
Rent burden = (FMR × 12) ÷ county median household income. Required income = (FMR × 12) ÷ 0.3, the federal 30%-of-gross-income rule HUD uses to define cost burden. Median household income is from the U.S. Census Bureau's American Community Survey; FMR is from HUD's FY2026 release. See methodology.
Chesterfield County 2-bedroom rent burden
Where Chesterfield sits among every US county
2-bedroom Fair Market Rent vs. all 3,145 HUD counties
$1,655 Top 12% higher than 88% of 3,145 counties
Each bar is a $0.2K-wide band; taller bars hold more counties. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.
Source U.S. Department of Housing and Urban Development, Fair Market Rents · FY2026
How Chesterfield compares on 1-bedroom rent
1-bedroom FMR vs other Virginia counties
- Fairfax
Fairfax County
$2,015 1BR FMR / mo
- Prince William
Prince William County
$2,015 1BR FMR / mo
- Loudoun
Loudoun County
$2,015 1BR FMR / mo
- Virginia Beach city
Virginia Beach city
$1,512 1BR FMR / mo
- Chesapeake city
Chesapeake city
$1,512 1BR FMR / mo
- Chesterfield
Chesterfield County
$1,507 1BR FMR / mo
- Henrico
Henrico County
$1,507 1BR FMR / mo
What this shows Chesterfield is highlighted. Nearby Virginia counties by 1-bedroom FMR, highest to lowest: Fairfax County ($2,015), Prince William County ($2,015), Loudoun County ($2,015), Virginia Beach city ($1,512), Chesapeake city ($1,512), Chesterfield County (this county) ($1,507), Henrico County ($1,507).
Can Common Jobs Afford Rent Here?
How a 1-bedroom at $1,507/mo compares to Virginia salaries for popular occupations (BLS wage data, 30%-of-income rule).
| Occupation | VA Salary | Rent Burden | Verdict |
|---|---|---|---|
| Software Developers | $134,470 | 13.4% | Affordable |
| General & Operations Managers | $121,530 | 14.9% | Affordable |
| Registered Nurses | $88,820 | 20.4% | Affordable |
| Accountants & Auditors | $84,190 | 21.5% | Affordable |
| Police & Sheriff's Patrol Officers | $65,110 | 27.8% | Affordable |
| Elementary School Teachers | $62,270 | 29% | Affordable |
| Electricians | $61,610 | 29.4% | Affordable |
| Paralegals & Legal Assistants | $61,200 | 29.5% | Affordable |
| Heavy & Tractor-Trailer Truck Drivers | $54,500 | 33.2% | Stretched |
| Pharmacy Technicians | $42,490 | 42.6% | Stretched |
| Customer Service Representatives | $39,210 | 46.1% | Stretched |
| Teaching Assistants | $36,650 | 49.3% | Stretched |
| Janitors & Cleaners | $33,970 | 53.2% | Unaffordable |
| Retail Salespersons | $32,760 | 55.2% | Unaffordable |
| Fast Food & Counter Workers | $29,060 | 62.2% | Unaffordable |
Rent Trends (2020–2026)
7-year Fair Market Rent history for Chesterfield County. Shows how HUD rental rates have changed over time.
Over the 6-year span HUD has tracked for Chesterfield (FY 2020-2026), the 1-bedroom Fair Market Rent has risen 61.7% overall, from $932 to $1,507. Most of that movement was gradual except for a single sharp jump of +15.4% in FY 2024, well above this county's typical year-to-year change.
| Year | Studio | 1 BR | 2 BR |
|---|---|---|---|
| FY 2026 ↓2.5% | $1,442 | $1,507 | $1,655 |
| FY 2025 ↑13.2% | $1,488 | $1,545 | $1,711 |
| FY 2024 ↑15.4% | $1,328 | $1,365 | $1,532 |
| FY 2023 ↑13.3% | $1,157 | $1,183 | $1,336 |
| FY 2022 ↑2.4% | $1,022 | $1,044 | $1,189 |
| FY 2021 ↑9.4% | $993 | $1,020 | $1,163 |
| FY 2020 | $899 | $932 | $1,061 |
Part of the Richmond, VA Metro Area
Chesterfield County is a central county of the Richmond, VA metropolitan statistical area, alongside 16 other metro-area counties.
Chesterfield County ranks #16 of 17 counties in this metro area by 1-bedroom FMR. Every county sharing this metro, highest to lowest: Henrico County ($1,507), Richmond city ($1,507), Hanover County ($1,507), Prince George County ($1,507), Petersburg city ($1,507), Powhatan County ($1,507), Dinwiddie County ($1,507), Goochland County ($1,507), New Kent County ($1,507), Hopewell city ($1,507), Colonial Heights city ($1,507), King William County ($1,507), Amelia County ($1,507), Sussex County ($1,507), Charles City County ($1,507), Chesterfield County (this county) ($1,507), King and Queen County ($1,139).
Show all 17 counties in this metro area
Nearby Counties in Virginia
Largest counties by population in Virginia
Frequently Asked Questions
What is the average rent in Chesterfield County? ▼
How does Chesterfield County rent compare to the national average? ▼
What income do I need to afford rent in Chesterfield County? ▼
Is rent going up or down in Chesterfield County? ▼
Which jobs can afford rent in Chesterfield County? ▼
How much has rent changed in Chesterfield County over time? ▼
How does Fair Market Rent affect Section 8 vouchers in Chesterfield County? ▼
What does Fair Market Rent mean for Chesterfield County? ▼
What this means for renters
Treat Chesterfield's FY2026 Fair Market Rent as HUD's affordability benchmark, not a market quote.
- Budget to roughly 30% of income: the FY2026 1-bedroom FMR of $1,507 implies about $60,280/yr to rent without being cost-burdened. Run your numbers
- Compare this county against nearby metros and states before signing a lease. Compare areas
- See where it sits on the national rent map. View rankings
Fair Market Rent is HUD's 40th-percentile policy benchmark used to set Housing Choice Voucher payment standards. Actual asking rents in Chesterfield can run higher or lower, and HUD updates FMRs once a year. This page is informational and not financial or relocation advice.
Disclaimer: This information is provided for informational purposes only and does not constitute professional advice. Data is sourced from the U.S. Census Bureau and HUD Fair Market Rents. Consult a qualified professional before making decisions based on this data.
Every figure on PlainRent is rendered directly from HUD's published Fair Market Rent records, no number is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of FY 2026.