Rent in Smithfield, VA
Across Smithfield's 2 ZIP codes, a 2-bedroom typically rents for about $1,433 a month, with figures from $1,129–$1,667. The highest typical rent is in 23431 ($1,590) and the lowest in 23430 ($1,275). Owner-occupied homes in Isle of Wight County pay about 0.70% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $1,325 | $1,250–$1,470 | 2 |
| 1 bed | $1,301 | $1,094–$1,488 | 2 |
| 2 beds | $1,433 | $1,129–$1,667 | 2 |
| 3 beds | $1,923 | $1,351–$2,298 | 2 |
| 4 beds | $2,445 | $2,310–$2,710 | 2 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Smithfield ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Smithfield, VA?
- About $1,433 a month: the median of the typical rents in 2 ZIP codes, which range from $1,129–$1,667. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Smithfield, VA?
- About $1,301 a month: the median of the typical rents in 2 ZIP codes, which range from $1,094–$1,488. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Smithfield, VA?
- About $1,923 a month: the median of the typical rents in 2 ZIP codes, which range from $1,351–$2,298. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Smithfield, VA?
- About $1,325 a month: the median of the typical rents in 2 ZIP codes, which range from $1,250–$1,470. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Smithfield, VA?
- About $2,445 a month: the median of the typical rents in 2 ZIP codes, which range from $2,310–$2,710. Figures are gross rent (rent plus tenant-paid utilities).
- Which Smithfield ZIP code has the highest rent?
- For a 2-bedroom, 23431 has the highest typical rent at $1,590 a month, and 23430 the lowest at $1,275.
- What is the property tax rate in Smithfield, VA?
- Owner-occupied homes in Isle of Wight County pay a typical 0.70% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Smithfield rent figures come from?
- HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).