$3,500 Per Month
- 2 Beds
- 2 Baths
- 1,809 Sq Ft
- Condo for Rent
700 Mount Airy Terrace NE Unit 301, Leesburg, VA 20176
700 Mount Airy Terrace NE Unit 301, Leesburg, VA 20176
Frequently Asked Questions
How much does it cost to rent a condo in Leesburg, VA?
The median rent for a condo in Leesburg, VA is $2,300 per month, though prices vary by neighborhood, size, and property type. As of September 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 Leesburg, VA?
To comfortably afford the median rent in Leesburg, VA, a household needs to earn roughly $128,000 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 $3,200 per month in Leesburg, VA, renters typically need to show $9,600 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 Leesburg, VA?
In Leesburg, VA, the price-to-rent ratio is 21.9, 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 Leesburg, VA are best for renting a condo?
The best neighborhood for renting in Leesburg, VA depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include North Reston, Reston Town Center and Lake Anne, each with its own character and price range.
