Richmond, VA Rent Trends

Rank #40, last updated June 17

Need help setting rent prices for your property? Try our free rental pricing tool here.

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 $1,310. The average rent of a 2-bedroom in Richmond, VA is $1,550. The average rent of a 3-bedroom in Richmond, VA is $2,385.

Studio

$1,195


1 bed

$1,310


2 beds

$1,550


3+ beds

$2,385

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

Jun 02 2024Jul 16 2024Aug 30 2024Oct 15 2024Nov 30 2024Jan 15 2025Mar 02 2025Apr 17 2025Jun 17 2025$1,040$1,240$1,440$1,800
  • Richmond
  • National

Apartment Rent Ranges in Richmond

The monthly rent for apartments in Richmond, VA ranges from $600 to $2,600+.

$600 - $1,100

$1,100 - $1,600

$1,600 - $2,100

$2,100 - $2,600

$2,600+

What is the average apartment size in Richmond?

The average size of a Richmond, VA apartment is 838 square feet, while the median apartment size for Richmond, VA is 785 square feet. However, square footage varies based on unit type. Most rentals in Richmond, VA (39.05%) are 1 bedroom apartments, while the fewest (3.54%) are studio apartments. Meanwhile, 2 bedroom apartments account for 34.01%, and 3+ bedroom apartments make up 23.4%.

Studio

One bedroom

Two bedrooms

Three+ bedrooms

What is the average rent for various neighborhoods in Richmond?

Studio1 bed2 beds3+ beds
Carver$1,270$1,385$1,795$2,415
Fulton*$995$1,073*
Jackson Ward**$1,400$2,350
Jahnke*$1,624$1,873*
Monroe Ward*$1,344$1,825$2,538
Museum District*$1,400$1,690*
Old Town Manchester*$1,300$1,603*
Randolph*$1,274$1,399$2,547
Shockoe Bottom*$1,375$1,659*
Shockoe Slip*$1,289$1,650*
Swansboro*$845$1,200*
The Fan*$1,300$2,350$2,625

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

512 apartments starting at $1,310/month

Arlington Apartments

1,171 apartments starting at $1,330/month

Bethesda Apartments

139 apartments starting at $1,650/month

Columbia Apartments

155 apartments starting at $1,150/month

Glen Burnie Apartments

70 apartments starting at $721/month

Severn Apartments

57 apartments starting at $1,525/month

Silver Spring Apartments

172 apartments starting at $1,107/month

Wake Forest Apartments

34 apartments starting at $995/month

Washington DC Apartments

2,528 apartments starting at $910/month

Popular metro areas

Baltimore Metro Apartments

3,031 apartments starting at $475/month

Charlotte Metro Apartments

4,233 apartments starting at $560/month

Philadelphia Metro Apartments

4,023 apartments starting at $500/month

Pittsburgh Metro Apartments

1,911 apartments starting at $400/month

Raleigh Metro Apartments

3,167 apartments starting at $550/month

Washington Metro Apartments

5,945 apartments starting at $650/month