Gloucester Point, VA Condos for Rent

The median rent for a condo in Gloucester Point, VA is $925 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.

To comfortably afford the median rent in Gloucester Point, VA, a household needs to earn roughly $51,800 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 $1,295 per month in Gloucester Point, VA, renters typically need to show $3,885 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.

In Gloucester Point, VA, the price-to-rent ratio is 23.5, 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.

The best neighborhood for renting in Gloucester Point, VA depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include New Town, Coliseum Central and Willow Oaks, each with its own character and price range.