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Studio Apartment for Rent in Virginia, MN

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    Starting at $495 Plus Fees

    • Studio

    115 3rd St S, Virginia, MN 55792

    5 UNIT SECURE BUILDING IN VIRGINIA ELECTRIC (HEAT) & GARBAGE - NOT INCLUDED IN MONTHLY RENT DEPOSIT SAME AS RENTOWNER PAYS WATER & SEWERCOIN LAUNDRY ON SITEOFF STREET PARKINGCAT OK (1) WITH $300.00 DEPOSITNO DOGSNO SMOKINGMUST PASS CREDIT & CRIMINAL BACKGROUND CHECK$30 APPLICATION FEETHIS PROPERTY HAS NOT BEEN APPROVED FOR SECTION 8CALL/TEXT APRIL

    115 3rd St S, Virginia, MN 55792

Why Live in Virginia

Virginia, Minnesota, nestled in the Mesabi Iron Range, is a city steeped in mining history and community spirit. As a key player in iron ore production, the city is home to Cleveland-Cliffs, a leader in the industry. Virginia serves as the commercial hub for the Quad Cities, featuring a vibrant downtown with local businesses and a commercial corridor with national retailers. The city embraces its rich hockey tradition, boasting several outdoor ice rinks and a high school hockey program at Rock Ridge High School, which has already made a state championship appearance. Housing in Virginia offers a mix of century-old bungalows, cottages, and larger American Foursquares, alongside midcentury ranch and split-level homes. The residential streets are laid out in a grid pattern, with homes on smaller lots. Olcott Park, a 40-acre green space, provides a venue for outdoor activities and community events, while the Mesabi Trail offers scenic views for biking enthusiasts. Dining options in the downtown area include multicultural eateries like Saigon Café and Grace Sushi & Boba Tea, with nightlife centered around venues like Tommy’s Rainy Lake Saloon. Annual events such as the Land of the Loon Festival and Fourth of July celebrations at Olcott Park highlight the city's cultural vibrancy. For travel, U.S. highways connect Virginia to Duluth, 65 miles away, and offer a route to Ontario, Canada, in under two hours.

Frequently Asked Questions

How much does it cost to rent a home in Virginia, MN?
The median rent for a home in Virginia, MN is $962 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option.
How much do you need to make to afford rent in Virginia, MN?
To comfortably afford the median rent in Virginia, MN, a household needs to earn roughly $38,480 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 $962 per month in Virginia, MN, renters typically need to show $2,886 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 Virginia, MN?
In Virginia, MN, the price-to-rent ratio is 11.2, 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.

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$962
Median Condo Rent
$963
How to Rent a Home