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Ferrum, VA Homes for Rent

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  • 78 Cooks Park Dr, Ferrum, VA 24088
    78 Cooks Park Dr, Ferrum, VA 24088
    78 Cooks Park Dr, Ferrum, VA 24088
    /12

    $875

    Total Monthly Price

    • 3 Beds
    • 2 Baths
    • House for Rent

    78 Cooks Park Dr, Ferrum, VA 24088

    Now Showing! 78 Cooks Park Rd Ferrum VA 24088. 3 bedroom with 2 bath single wide mobile home. Shared well water. Private septic. Mowing included. Pets are not allowed. Smoking inside is prohibited. Rent $875 with deposit equal to one month's rent. RENTERS INSURANCE REQUIRED. Application fee with credit, background and eviction history. Credit score of 620+preferred. 12 month lease. Positive

    78 Cooks Park Dr, Ferrum, VA 24088
  • 113 Cooks Park Dr, Ferrum, VA 24088
    113 Cooks Park Dr, Ferrum, VA 24088
    113 Cooks Park Dr, Ferrum, VA 24088
    /31

    $1,200

    Total Monthly Price

    • 3 Beds
    • 2 Baths
    • House for Rent

    113 Cooks Park Dr, Ferrum, VA 24088

    Available now! 113 Cooks Park Dr, Ferrum VA 24088. 3 bedroom with 2 bath single wide mobile home. Central air and central heat. Washer and dryer provided and is "as is". Shared well water. Mowing is included. Pets are not allowed. Smoking inside is prohibited. RENTERS INSURANCE REQUIRED. Application fee with credit, background and eviction history. Credit score of 620+preferred. Positive rental

    113 Cooks Park Dr, Ferrum, VA 24088
Virginia Franklin County

Homes for Rent in Ferrum, VA

Why Live in Ferrum

Ferrum, Virginia, is a small town nestled in the Blue Ridge Mountains, blending a college town atmosphere with a rural feel. Anchored by Ferrum College, the town is known for its cultural events and Appalachian heritage. The Blue Ridge Institute and Museum and the annual Blue Ridge Folklife Festival highlight the region's traditions. Ferrum's real estate features log cabins, cottages, Cape Cods, and expansive ranches, with properties ranging from small lots near downtown to larger acreages further out. Education is served by Franklin County Public Schools, with Benjamin Franklin Middle School and Franklin County High School both receiving high ratings. Ferrum College, known for its environmental science program, also plays a significant role in the community. Outdoor recreation is abundant, with Philpot Lake offering swimming, fishing, and watersports, while Waid Recreation Park provides soccer fields, a disc golf course, and a boat ramp into the Pigg River. Local dining includes Seventy-Seven Restaurant and Jose’s Mexican Grill, with additional shopping and dining options available in nearby Rocky Mount, 10 miles away. State Route 40 is the main road connecting Ferrum to surrounding areas, including Roanoke, which is 34 miles away.

Learn more about living in Ferrum

Frequently Asked Questions

How much does it cost to rent a home in Ferrum, VA?
The median rent for a home in Ferrum, VA is $1,062 per month, though prices vary by neighborhood, size, and property type. As of August 2026, single-family homes tend to be the most affordable option.
How much do you need to make to afford rent in Ferrum, VA?
To comfortably afford the median rent in Ferrum, VA, a household needs to earn roughly $42,480 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 $1,062 per month in Ferrum, VA, renters typically need to show $3,186 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 Ferrum, VA?
In Ferrum, VA, the price-to-rent ratio is 22.4, 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.

Rental Trends in Ferrum, VA

There are currently 2 homes available for rent in Ferrum, VA. The median rent is $1,062 per month, with single-family homes renting at $1,063.

Rental Home Trends

Number of Homes for Rent
2
Median Rent
$1,062
Median Single Family Home Rent
$1,063
How to Rent a Home

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