Chesapeake city
FY 2026 HUD Fair Market Rents in Virginia. Population: 249,377.
Fair Market Rents (2026)
Studio
National avg: $893
$1,492/mo
↑ 1.2% YoY
+67% vs US
1 Bedroom
National avg: $959
$1,512/mo
↑ 2.0% YoY
+58% vs US
2 Bedroom
National avg: $1,175
$1,713/mo
↑ 1.0% YoY
+46% vs US
3 Bedroom
National avg: $1,525
$2,376/mo
↑ 0.6% YoY
+56% vs US
4 Bedroom
National avg: $1,756
$2,797/mo
↓ 0.4% YoY
+59% vs US
Year-over-Year Comparison
| Bedrooms | FY 2025 | FY 2026 | Change |
|---|---|---|---|
| Studio | $1,475 | $1,492 | +$17 (+1.2%) |
| 1 Bedroom | $1,483 | $1,512 | +$29 (+2.0%) |
| 2 Bedroom | $1,696 | $1,713 | +$17 (+1.0%) |
| 3 Bedroom | $2,361 | $2,376 | +$15 (+0.6%) |
| 4 Bedroom | $2,809 | $2,797 | $-12 (-0.4%) |
Affordability Snapshot
Based on the standard that rent should not exceed 30% of gross income:
Required annual income for 1 BR
$60,480
$5,040/month gross
Required annual income for 2 BR
$68,520
$5,710/month gross
Other Counties in Virginia
Richmond city
1 BR: $1,507/mo
Greene County
1 BR: $1,602/mo
Arlington County
1 BR: $2,015/mo
Botetourt County
1 BR: $1,053/mo
Nottoway County
1 BR: $743/mo
Cumberland County
1 BR: $817/mo
Data source: U.S. Department of Housing and Urban Development, FY 2026 Fair Market Rents. Fair Market Rents represent the 40th percentile of gross rents for standard quality units in each area.