$2,650 Per Month
- 2 Beds
- 2.5 Baths
- 1,244 Sq Ft
- Condo for Rent
5924 Terrapin Place Unit 302, Alexandria, VA 22310
5924 Terrapin Place Unit 302, Alexandria, VA 22310
Frequently Asked Questions
How much does it cost to rent a condo in Alexandria City, VA?
The median rent for a condo in Alexandria City, VA is $2,300 per month, though prices vary by neighborhood, size, and property type. As of July 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Alexandria City, VA?
To comfortably afford the median rent in Alexandria City, VA, a household needs to earn roughly $116,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,900 per month in Alexandria City, VA, renters typically need to show $8,700 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Alexandria City, VA?
In Alexandria City, VA, the price-to-rent ratio is 20.1, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Alexandria City, VA are best for renting a condo?
The best neighborhood for renting in Alexandria City, VA depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Fairlington, Taylor Run, North Ridge, Seminary Hill and Alexandria West, each with its own character and price range.
