Rent Tracker
Rent Inflation in Danville, VA
The average asking rent in Danville, VA is $1,124/month as of 2026-08. That is +5.5% compared to a year ago.
Source: Zillow Observed Rent Index (ZORI) | zillow.com/research
Current Avg Rent
$1,124/mo
as of 2026-08
Year-over-Year Change
+5.5%
24-Month Rent Trend
Monthly ZORI index values for Danville, VA.
| Month | Avg Asking Rent | Change from Prior Month |
|---|---|---|
| 2026-08 | $1,124 | -2.35% |
| 2026-07 | $1,151 | -2.13% |
| 2026-06 | $1,176 | -0.76% |
| 2026-05 | $1,185 | +4.22% |
| 2026-04 | $1,137 | -0.61% |
| 2026-03 | $1,144 | +0.44% |
| 2026-02 | $1,139 | -1.81% |
| 2026-01 | $1,160 | +3.76% |
| 2025-12 | $1,118 | +1.36% |
| 2025-11 | $1,103 | +2.80% |
| 2025-10 | $1,073 | -0.46% |
| 2025-09 | $1,078 | +1.22% |
| 2025-08 | $1,065 | -1.39% |
| 2025-07 | $1,080 | +0.47% |
| 2025-06 | $1,075 | -2.09% |
| 2025-05 | $1,098 | +0.18% |
| 2025-04 | $1,096 | +0.83% |
| 2025-03 | $1,087 | +1.02% |
| 2025-02 | $1,076 | +0.84% |
| 2025-01 | $1,067 | +0.47% |
| 2024-12 | $1,062 | +0.76% |
| 2024-11 | $1,054 | +0.67% |
| 2024-10 | $1,047 | -0.76% |
| 2024-09 | $1,055 | — |
Why Rent Inflation Matters
Shelter is the single largest component of the official CPI, accounting for roughly one-third of the index. But the BLS shelter index tends to lag real-market rent changes by 12–18 months because it measures rents paid by all tenants — including long-term renters locked into old leases. ZORI measures asking rents for new leases, making it a timelier signal of where CPI shelter inflation is headed.
When ZORI is rising sharply in your city, it is a leading indicator that official shelter inflation — and therefore overall CPI — will remain elevated in coming months.
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Data Source
Rent data uses the Zillow Observed Rent Index (ZORI), a smoothed measure of typical market-rate asking rents updated monthly by Zillow Research. ZORI covers single-family homes, condos, and co-ops and reflects asking rents for new leases — making it a more timely indicator than the lagged BLS shelter index. zillow.com/research | Money & Prices