$3,200 Per Month
- 5 Beds
- 4.5 Baths
- 3,016 Sq Ft
- House for Rent
115 Farrand Dr, Suffolk, VA 23434
115 Farrand Dr, Suffolk, VA 23434
Frequently Asked Questions
How much does it cost to rent a single-family home in Suffolk, VA?
The median rent for a single-family home in Suffolk, VA is $2,500 per month, though prices vary by neighborhood, size, and property type. As of June 2026, townhouses tend to be the most affordable option while condos and single-family homes are currently more expensive.
How much do you need to make to afford rent in Suffolk, VA?
To comfortably afford the median rent in Suffolk, VA, a household needs to earn roughly $100,000 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 $2,500 per month in Suffolk, VA, renters typically need to show $7,500 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 Suffolk, VA?
In Suffolk, VA, the price-to-rent ratio is 13.7, 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 Suffolk, VA are best for renting a single-family home?
The best neighborhood for renting in Suffolk, VA depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a single-family home include Holy Neck, Cyprus, Chuckatuck, East Washington Street and Western Branch, each with its own character and price range.
