Living in Paradise: How Much Does it Cost to Rent in the Virgin Islands?
The U.S. Virgin Islands has three main islands: St. Thomas, St. Croix, and St. John. Each island boasts a unique personality and culture and offers differing prospects for different people. St. John, for example, is a great spot for people who enjoy exploring or want to spend their time on beautiful beaches, while St. Thomas is great for those who want to live a laid-back island lifestyle without sacrificing the comforts and amenities of home. Meanwhile, St. Croix is perfect for foodies and those who want to be part of a vibrant culture and rich history. No matter which of the Virgin Islands you're interested in moving to, there are properties available for rent that are perfect for people all over the world who want to experience island living near the beautiful white sand beaches, lush greenery, and clear turquoise oceans.
How Much Does it Cost to Rent in the Virgin Islands?
The U.S. Virgin Islands currently has the 10th highest rent in the country out of the states and other territories, with rent on the islands about 14% higher than the national median. On average, rent across the islands for all bedrooms and property types is around $2,400. You can find properties for as little as $900 a month or as much as $15,000 a month, depending on what kind of rental you're looking to live in.
However, finding a rental property in the Virgin Islands is often more difficult than on the mainland. This is because, even though the market is active, only a limited number of rental properties are available. A contributing factor to this scarcity is that many rental properties are part of larger houses rather than apartment complexes common on the United States mainland. However, the size of the islands also makes a big difference, as there's only so much land available. St. John is a much smaller island with fewer rental options, so the prices are generally higher. St. Thomas and St. Croix are larger in comparison and have more rental options, which means the prices may be a bit lower. So if you're on a budget, the location is something to consider.
Overall, it may be difficult to find a rental property on the Virgin Islands, but it's not impossible. As long as your budget and location are flexible, you'll be able to find the perfect fit for your needs.