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Smithfield, VA Condos for Rent

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  • 108 Commerce St, Smithfield, VA 23430
    108 Commerce St, Smithfield, VA 23430
    /2

    $2,995 Per Month

    • 3 Beds
    • 3.5 Baths
    • 3,184 Sq Ft
    • Condo for Rent

    108 Commerce St, Smithfield, VA 23430

    Rare opportunity to lease a riverfront townhome in the Historic Downtown Smithfield Waterfront District. A standout feature is the private floating dock with two deep-water boat slips, capable of accommodating up to a 70’ yacht, making this an ideal option for boating enthusiasts. This property offers stunning views of the Pagan River and an exceptional waterfront lifestyle. The home features an

    Jay Hassell Keller Williams Realty Twn Ctr

    108 Commerce St, Smithfield, VA 23430
  • 202 Lakeview Cove, Smithfield, VA 23430
    202 Lakeview Cove, Smithfield, VA 23430
    202 Lakeview Cove, Smithfield, VA 23430
    /40

    $2,600 Per Month

    • 3 Beds
    • 3 Baths
    • 1,891 Sq Ft
    • Condo for Rent

    202 Lakeview Cove, Smithfield, VA 23430

    Immaculately maintained three-story corner-unit condo tucked away in a quiet neighborhood, just minutes from the charming shops and restaurants of Smithfield’s Main Street. Rent includes access to all community amenities, including a pool, fitness center, clubhouse, lawn care, and a private lake with a dock, fountain, and great fishing just steps from your front door. In this home, you’ll find

    Carly Leonardo Real Broker LLC

    202 Lakeview Cove, Smithfield, VA 23430
Virginia Isle Of Wight County Smithfield

Condos for Rent in Smithfield, VA

Frequently Asked Questions

How much does it cost to rent a condo in Smithfield, VA?
The median rent for a condo in Smithfield, VA is $1,125 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Smithfield, VA?
To comfortably afford the median rent in Smithfield, VA, a household needs to earn roughly $86,000 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 $2,150 per month in Smithfield, VA, renters typically need to show $6,450 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 Smithfield, VA?
In Smithfield, VA, the price-to-rent ratio is 18.0, 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 Smithfield, VA are best for renting a condo?
The best neighborhood for renting in Smithfield, VA depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Kiln Creek, Coliseum Central, Western Branch, Ghent and Downtown Norfolk, each with its own character and price range.

Condo Rental Trends in Smithfield, VA

There are currently 2 condos available for rent in Smithfield, VA. The median rent is $1,125 per month, with 2-bedroom condos at $1,125 and 3-bedroom condos at $2,000.

Rental Home Trends

Number of Condos for Rent
2
Median Condo Rent
$1,125
Median 2 Bedroom Condo Rent
$1,125
Median 3 Bedroom Condo Rent
$2,000
How to Rent a Home

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