$1,995 Per Month
- 2 Beds
- 1.5 Baths
- 1,176 Sq Ft
- Apartment for Rent
8630 Richmond Rd, Toano, VA 23168
8630 Richmond Rd, Toano, VA 23168
Frequently Asked Questions
How much does it cost to rent a home in Toano, VA?
The median rent for a home in Toano, VA is $3,067 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 while condos are currently more expensive.
How much do you need to make to afford rent in Toano, VA?
To comfortably afford the median rent in Toano, VA, a household needs to earn roughly $122,680 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 $3,067 per month in Toano, VA, renters typically need to show $9,201 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 Toano, VA?
In Toano, VA, the price-to-rent ratio is 12.8, 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 Toano, VA are best for renting a home?
The best neighborhood for renting in Toano, VA depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Centerville, Ford's Colony, New Town, Waller Mill and Mill Creek, each with its own character and price range.
