Rentometer, Inc. | Data as of 10/22/2025
Cave Spring, Virginia offers a balanced rental market that caters to a wide range of renters, from young professionals seeking convenient apartment living to families looking for spacious homes near top‑rated schools and parks. The city’s close proximity to the Roanoke River and the scenic Cave Spring Park makes it especially attractive for outdoor enthusiasts, while the historic downtown district provides easy access to boutique shops, dining, and cultural events.
Apartment rentals in Cave Spring are competitively priced, with one‑bedroom units averaging in the $1,300 range and median rents near $1,100, making them an appealing option for individuals and couples. Two‑bedroom apartments typically sit around $1,300, and larger three‑bedroom units are found in the $1,600 range, reflecting the city’s mix of modern complexes and charming older buildings. For those who prefer the privacy of a standalone residence, two‑bedroom houses generally cost about $1,600, while three‑bedroom homes commonly rent near $2,000. Larger families looking for four‑plus bedroom houses can expect rents in the $2,400 range, offering ample space and often larger yards.
The rental landscape is supported by well‑maintained neighborhoods such as the historic Cave Spring area, the family‑friendly Ridgeview community, and the newer developments near the Virginia Museum of Transportation. With convenient access to I‑81, excellent schools, and a variety of recreational amenities, Cave Spring continues to attract renters seeking both affordability and a high quality of life in Virginia’s thriving central region.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $1,285 | $1,125 | $890 - $3,186 | $1,038 - $1,261 |
| Apartment | 2 Bedroom | $1,292 | $1,325 | $850 - $1,750 | $1,149 - $1,448 |
| Apartment | 3 Bedroom | $1,655 | $1,604 | $1,346 - $1,953 | $1,591 - $1,925 |
| House | 2 Bedroom | $1,586 | $1,500 | $845 - $2,500 | $1,300 - $2,500 |
| House | 3 Bedroom | $2,031 | $2,000 | $1,250 - $2,595 | $1,850 - $2,200 |
| House | 4+ Bedroom | $2,433 | $2,350 | $1,695 - $3,499 | $2,050 - $2,800 |
In the current period, the average rent in Cave Spring was $1,285 for 1 Bedroom, $1,336 for 2 Bedroom, $1,959 for 3 Bedroom, and $2,423 for 4+ Bedroom.
Data provided by Rentometer, Inc.