To calculate the apartment rental trends in each city or neighborhood, ApartmentAdvisor evaluates thousands of available apartment listings in a given market and updates this information daily.
What is the average rent in Richmond?
The average rent of a studio apartment in Richmond, VA is $1,195. The average rent of a 1-bedroom in Richmond, VA is $1,325. The average rent of a 2-bedroom in Richmond, VA is $1,599. The average rent of a 3-bedroom in Richmond, VA is $2,200.
Note: We calculate "average" rent as the median, or midpoint, to eliminate any skew from extremely high-priced or low-priced units.
Rent Prices Over Time in Richmond
Apartment Rent Ranges in Richmond
The monthly rent for apartments in Richmond, VA ranges from $800 to $2,400+.
$800 - $1,200
$1,200 - $1,600
$1,600 - $2,000
$2,000 - $2,400
$2,400+
What is the average apartment size in Richmond?
The average size of a Richmond, VA apartment is 865 square feet, while the median apartment size for Richmond, VA is 831 square feet. However, square footage varies based on unit type. Most rentals in Richmond, VA (40.04%) are 2 bedroom apartments, while the fewest (4.14%) are studio apartments. Meanwhile, 1 bedroom apartments account for 29.78%, and 3+ bedroom apartments make up 26.04%.
Studio
One bedroom
Two bedrooms
Three+ bedrooms
What is the average rent for various neighborhoods in Richmond?
| Studio | 1 bed | 2 beds | 3+ beds | |
|---|---|---|---|---|
| Blackwell | * | $1,295 | $1,379 | * |
| Carver | * | * | $1,673 | $2,245 |
| City Center | * | $1,298 | $1,625 | * |
| Fulton | * | * | $1,295 | $1,698 |
| Jackson Ward | * | $1,310 | $1,700 | $2,373 |
| Jahnke | * | * | $1,970 | $2,342 |
| Monroe Ward | * | $1,349 | $1,688 | * |
| Museum District | * | $1,475 | $1,740 | $3,100 |
| Old Town Manchester | $1,270 | $1,514 | * | * |
| Shockoe Bottom | * | $1,450 | $1,835 | * |
| The Fan | * | $1,600 | $1,694 | $1,997 |
Note: We calculate "average" rent as the median, or midpoint, to eliminate any skew from extremely high-priced or low-priced units.
* Insufficient data to calculate value
Nearby cities
Alexandria Apartments
322 apartments starting at $1,295/month
Arlington Apartments
513 apartments starting at $1,086/month
Baltimore Apartments
1,068 apartments starting at $475/month
Bethesda Apartments
37 apartments starting at $1,890/month
Columbia Apartments
90 apartments starting at $1,560/month
Dundalk Apartments
36 apartments starting at $850/month
Silver Spring Apartments
57 apartments starting at $1,175/month
Wake Forest Apartments
39 apartments starting at $1,199/month
Washington DC Apartments
1,617 apartments starting at $988/month
Popular metro areas
Baltimore Metro Apartments
1,816 apartments starting at $475/month
Charlotte Metro Apartments
2,164 apartments starting at $400/month
Philadelphia Metro Apartments
3,414 apartments starting at $475/month
Pittsburgh Metro Apartments
1,601 apartments starting at $400/month
Raleigh Metro Apartments
1,672 apartments starting at $600/month
Washington Metro Apartments
3,274 apartments starting at $765/month