$1,775 Per Month
- 3 Beds
- 2.5 Baths
- 1,657 Sq Ft
- Townhouse for Rent
262 Allison Dr, Luray, VA 22835
262 Allison Dr, Luray, VA 22835
Frequently Asked Questions
How much does it cost to rent a townhouse in Luray, VA?
The median rent for a townhouse in Luray, VA is $1,700 per month, though prices vary by neighborhood, size, and property type. As of May 2026, single-family homes tend to be the most affordable option while townhouses and condos are currently more expensive.
How much do you need to make to afford rent in Luray, VA?
To comfortably afford the median rent in Luray, VA, a household needs to earn roughly $70,000 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 $1,750 per month in Luray, VA, renters typically need to show $5,250 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 Luray, VA?
In Luray, VA, the price-to-rent ratio is 15.3, 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.
