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Studio Apartments for Rent in Virginia, MN

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    Starting at $644 Plus Fees

    • Studio - 2 Beds

    201 N 5th Ave S, Virginia, MN 55792

    Discover Your New Home at Ivy Manor ApartmentsLocated at 201 N. 5th Ave S. in the 55792 area of Virginia, Ivy Manor Apartments is ready to welcome you. We invite you to visit and explore the various apartment floor plan options available.Ivy Manor Apartments, situated in Virginia, Minnesota, within the 55792 zip code, was constructed in 1923. This charming apartment community features

    Ivy Manor Apartments

    (218) 748-8581

    201 N 5th Ave S, Virginia, MN 55792
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    $575

    Total Monthly Price

    • Studio
    • 1 Bath
    • "Charming Studio Retreat with Modern Comforts in Virginia, MN!"

    218 2nd St N Unit 4, Virginia, MN 55792

    Treasure your new lifestyle at 218 2nd St N, Apt# 4 in the heart of Virginia, MN, where convenience and comfort blend seamlessly. This charming studio apartment offers a cozy and efficient living space, perfect for those who appreciate a minimalist lifestyle. The full bath is designed to cater to your daily needs with ease and style. Step into a world where every square foot is maximized for your

    218 2nd St N Unit 4, Virginia, MN 55792
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    $690

    Total Monthly Price

    • Studio
    • 1 Bath
    • Condo for Rent

    119 1st St N Unit 3, Virginia, MN 55792

    119 1st St N Unit 3, 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 $900 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
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 $36,000 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 $900 per month in Virginia, MN, renters typically need to show $2,700 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 13.4, 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 in Virginia, MN

Rental Home Trends

Number of Homes for Rent
3
Median Rent
$900
Median Single Family Home Rent
$950
Median Condo Rent
$948
How to Rent a Home