Renting · Section 8
Data from November 2026
Renting in the City of Radford , Virginia
The City of Radford has a HUD fair market rent of $1,340 a month for 2 bedrooms (Fiscal year 2027). Renter households here pay a typical rent of $1,033 a month (Average 2020–2024). Paying the fair market rent without going over 30% of income takes $25.77 an hour, full time.
Four numbers to start with
- Fair market rent, 2 bedrooms
- $1,340
- a month, HUD, Fiscal year 2027
- 25% less than in Virginia
- Typical rent
- $1,033
- a month, Census, Average 2020–2024
- 35% less than in Virginia
- Wage needed
- $25.77
- an hour, 2 bedrooms
- Or $53,600 a year, to spend no more than 30% of income on rent.
- Rent-burdened households
- 55%
- spend 30% or more of income on rent
- 13% more than in Virginia
Only here
Renting in the City of Radford: what sets it apart
What this place has that others do not, from public data, most unusual first.
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Nearby, in Craig County, the typical rent is $713: 31% less than in the City of Radford ($1,033).
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At 42%, the City of Radford ranks 7th among the 133 places in Virginia for the lowest homeownership rate.
Sources: U.S. Census Bureau (Average 2020–2024).
Fair market rent
What HUD sets for each size
Every year HUD (the U.S. Department of Housing and Urban Development) publishes a Fair Market Rent (FMR) for each home size in the City of Radford. It is used to work out how much a Section 8 voucher covers. The table shows what you need to earn to pay it without spending more than 30% of income.
The fair market rent covers rent plus basic utilities, except the phone. HUD generally sets it at the 40th percentile: 4 in 10 standard-quality homes rented recently cost less. 24 CFR §888.113(a)
According to Zillow (ZORI), the typical asking rent in the City of Radford was $1,248 a month in September 2026: 3.8% more than 12 months ago. It is an index of market listings, not a HUD limit. Zillow data
| Size | Fair rent per month | Hourly wage | Income needed per year |
|---|---|---|---|
| Studio | $1,043 | $20.06 | $41,720 |
| 1 bedroom | $1,050 | $20.19 | $42,000 |
| 2 bedrooms | $1,340 | $25.77 | $53,600 |
| 3 bedrooms | $1,783 | $34.29 | $71,320 |
| 4 bedrooms | $2,048 | $39.38 | $81,920 |
HUD area: Blacksburg-Christiansburg-Radford, VA HUD Metro FMR Area. Source: HUD, Fiscal year 2027
By ZIP code
The fair market rent for your ZIP code
HUD also publishes fair market rents by ZIP code (Small Area FMRs) for 1 ZIP codes in the City of Radford (Fiscal year 2027). Type yours to see it.
Where HUD designates these areas, or where the housing agency chooses to use them, the voucher is figured on the ZIP code's rent instead of the county's. Ask your agency which one it uses. 24 CFR §982.503(a)(1)
| 24142 | $920 | $960 | $1,180 | $1,570 | $1,920 |
|---|
- 24142 $1,180$1,570
Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) (external site)
Rent burden
How many households spend too much
HUD counts rent as a burden when it reaches 30% of income or more. In the City of Radford, 55% of renter households are in that position; in Virginia, 49%, and nationwide, 51% (Average 2020–2024, Census).
Paying too much rent leaves little for food, transportation and savings. If that is you, the agencies below can guide you for free.
55%
of renter households spend 30% or more of their income on rent.
3,197 households rent in the City of Radford
- Spend half or more of their income 34%
- Spend 30% or more, but less than half 21%
- Spend less than 30% 45%
Compared with the state and the country
- Radford 55%
- Virginia 49%
- United States 51%
Low-income apartments
Low-income apartments in the City of Radford
HUD lists 11 properties with homes for low-income households in the City of Radford: tax-credit apartments (LIHTC) and HUD-assisted buildings. They run from the most low-income homes to the fewest.
- with tax credits (LIHTC)
- 8
- HUD-assisted
- 4
561 homes in all; 556 of them low-income, according to HUD.
- Willow Woods Preservation Tax credit (LIHTC) · HUD-assisted 222 Allen Ave, Radford 24141 144 homes, 139 low-income · In service since 2013 · For families · (540) 639-0458
- High Meadows Tax credit (LIHTC) 140 E Main St, Radford 24141 60 low-income homes · In service since 2009 · For families
- Riverbend Apts HUD-assisted 108 Midkiff Ln, Radford 24141 60 low-income homes · For people with disabilities · (540) 505-0877
- New River Gardens Tax credit (LIHTC) 106 Jeffries Dr, Radford 24141 48 low-income homes · 1 bd: 12 · 2 bd: 36 · In service since 1999 · For families
- New River Gardens II Tax credit (LIHTC) 300 Jeffries Dr, Radford 24141 44 low-income homes · In service since 2014 · For families
- Fairfax Village HUD-assisted 300 Fairfax St, Radford 24141 40 low-income homes · For families · (540) 731-1786
- Heather Glen Apts Tax credit (LIHTC) 1004 Heather Glen Dr, Radford 24141 40 low-income homes · 1 bd: 2 · 2 bd: 2 · 3 bd: 36 · In service since 2005 · For families
- New River Overlook Tax credit (LIHTC) 300 Jeffries Dr, Radford 24141 40 low-income homes · 1 bd: 40 · In service since 2015 · For older adults
- Ridgewood Place Seniors Tax credit (LIHTC) 109 Ridgewood Ln, Radford 24141 40 low-income homes · In service since 2005 · For older adults
- Ridgewood Place Tax credit (LIHTC) 102 Ridgewood Ln, Radford 24141 32 low-income homes · 2 bd: 8 · 3 bd: 24 · In service since 2003 · For families
- Parkview of Radford HUD-assisted 101 Duncan Ln, Radford 24141 13 low-income homes · For people with disabilities · (540) 639-9027
One property has two programs at the same address and appears once. Search HUD's map
Source: HUD, retrieved November 6, 2026. LIHTC database, updated May 14, 2025; Assisted multifamily properties, updated October 23, 2026; Public housing developments, updated October 23, 2026.
Section 8
The Section 8 voucher in the City of Radford
The Housing Choice Voucher (Section 8) pays part of your rent on a home you choose. A public housing agency runs it. HUD lists none with an office in the City of Radford; the state's agencies can help you. Here is what the rules say:
The rules, with their source
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You apply at the public housing agency. If you qualify, your name usually goes on a waiting list. Applicants must be U.S. citizens or noncitizens with eligible status as HUD defines it. Source: HUD
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Generally, your family must have very low income: no more than 50% of the area median income, by family size (the middle column of the table). Source: 24 CFR §5.603, §982.201(b)
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Each year, at least 75% of the families an agency admits from its list must have extremely low income (the 30% column). Source: 24 CFR §982.201(b)(2)
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If the rent is below the payment standard, the family generally pays 30% of its adjusted monthly income. If it is above, the family pays more. Source: 24 CFR §982.1(a)(3)
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When you move in, if the rent is above the payment standard, your share cannot go over 40% of your adjusted monthly income. Source: 24 CFR §982.508
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Each agency sets a payment standard for each size. Without asking HUD, it can go from 90% to 110% of the fair market rent. Source: 24 CFR §982.503(b), (c)
| People | Extremely low (30%) | Very low (50%) | Low |
|---|---|---|---|
| 1 person | $25,150 | $41,900 | $67,000 |
| 2 people | $28,750 | $47,850 | $76,600 |
| 3 people | $32,350 | $53,850 | $86,150 |
| 4 people | $35,900 | $59,800 | $95,700 |
| 5 people | $38,800 | $64,600 | $103,400 |
| 6 people | $44,360 | $69,400 | $111,050 |
| 7 people | $50,040 | $74,200 | $118,700 |
| 8 people | $55,720 | $78,950 | $126,350 |
Area median income: $119,600. HUD income limits by family size, Fiscal year 2026. Area: Blacksburg-Christiansburg-Radford, VA HUD Metro FMR Area. Source: HUD, Fiscal year 2026
Possible payment standard
- Studio $939 – $1,147
- 1 bedroom $945 – $1,155
- 2 bedrooms $1,206 – $1,474
- 3 bedrooms $1,605 – $1,961
- 4 bedrooms $1,843 – $2,253
The range the rule allows: 90% to 110% of the county's fair market rent. Your agency publishes its own.
Housing agencies that serve this place
HUD lists no housing agency with an office in the City of Radford. You can apply at another agency in your state: you do not have to live where you apply. Source: HUD
Your rights as a tenant in Virginia
What Virginia law says about deposits, notices and eviction, with the citation for each rule.
See your rights, rule by ruleCompare these rules with other states →
A summary of state law, not legal advice. Cities may have additional rules.
- How much can they charge for a deposit?
- Up to 2 months of rent
- Va. Code §55.1-1226(A)
- When must they return my deposit?
- 45 days
- Va. Code §55.1-1226(A)
- If I fall behind on rent, what notice must I get?
- 14 days
- Va. Code §55.1-1245(F)
- How much notice ends a month-to-month rental?
- 30 days
- Va. Code §55.1-1253(A)
- Only a court order can remove youVa. Code §55.1-1252
- Protection from retaliationVa. Code §55.1-1258(A)
- Repair and deduct from the rentVa. Code §55.1-1244.1(C)
Help
Where to get help with rent in the City of Radford
This HUD-approved agency has an office in the City of Radford. They counsel for free or at low cost.
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New River Community Action, Inc.
206 3rd Ave, Radford
- Mortgage delinquency and default
- Budget and financial counseling
- and 7 more
Tool
How much cash do you need to move in?
It starts with the 2-bedroom fair market rent in the City of Radford. Change the rent, the deposit and the fees to yours: the numbers stay in your browser.
Count power on top of the rent: in Virginia, the average home bill was $149 a month in 2024 (EIA). See electricity and gas costs
Your move
We use the place's fair market rent and the state's deposit rule.
Adjust advanced details
Let's do the math
Cash to move in
$2,680
What you need before you get the keys.
What adds up
- First month
- $1,340
- Security deposit
- $1,340
- Total
- $2,680
When you'll have it
Enter what you can set aside each month to see how long it takes.
What helps
- Ask for a receipt for every payment and keep a copy of the lease.
- On move-in day, walk through the home and take dated photos.
- Never send money for a home you haven't seen or a lease you haven't read.
This is a planning estimate, not a price. What you are asked for depends on the landlord, your lease and your state's and city's rules. It is not legal advice.
Frequently asked questions
What is the fair market rent in the City of Radford?
According to HUD (Fiscal year 2027): Studio: $1,043; 1 bedroom: $1,050; 2 bedrooms: $1,340; 3 bedrooms: $1,783; 4 bedrooms: $2,048. It covers rent plus basic utilities, except the phone.
How much do you need to earn to rent in the City of Radford?
Paying the 2-bedroom fair market rent ($1,340) without spending more than 30% of income takes $25.77 an hour full time, or $53,600 a year.
Who qualifies for Section 8 in the City of Radford?
Generally, families with very low income: no more than 50% of the area median income. For 4 people, HUD's limit here is $59,800 a year (Fiscal year 2026). The family usually pays 30% of its adjusted monthly income. You apply at the housing agency.
How much does Section 8 pay in the City of Radford?
The voucher pays up to your housing agency's payment standard, minus your share. The rule lets the agency set it between 90% and 110% of the fair market rent: for 2 bedrooms here, between $1,206 and $1,474 a month. Your agency publishes its figure.
How many low-income apartments are there in the City of Radford?
HUD lists 11 properties with homes for low-income households in the City of Radford: tax-credit apartments (LIHTC) and HUD-assisted buildings. They run from the most low-income homes to the fewest. For tax-credit apartments and HUD-assisted buildings, you apply directly at the building's management office. They tell you whether units are open and how to apply; HUD does not have that information.
How many households spend too much on rent in the City of Radford?
HUD counts rent as a burden when it reaches 30% of income or more. In the City of Radford, 55% of renter households are in that position; in Virginia, 49%, and nationwide, 51% (Average 2020–2024, Census).