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 $1,128. The average rent of a 1-bedroom in Richmond, VA is $1,295. The average rent of a 2-bedroom in Richmond, VA is $1,400. The average rent of a 3-bedroom in Richmond, VA is $2,095.
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 $100 to $2,900+.
$100 - $800
$800 - $1,500
$1,500 - $2,200
$2,200 - $2,900
$2,900+
What is the average apartment size in Richmond?
The average size of a Richmond, VA apartment is 853 square feet, while the median apartment size for Richmond, VA is 800 square feet. However, square footage varies based on unit type. Most rentals in Richmond, VA (43.24%) are 2 bedroom apartments, while the fewest (4.68%) are studio apartments. Meanwhile, 1 bedroom apartments account for 31.89%, and 3+ bedroom apartments make up 20.18%.
Studio
One bedroom
Two bedrooms
Three+ bedrooms
What is the average rent for various neighborhoods in Richmond?
| Studio | 1 bed | 2 beds | 3+ beds | |
|---|---|---|---|---|
| Fulton | * | $1,399 | $1,295 | $1,595 |
| Monroe Ward | * | $1,364 | $1,716 | * |
| Museum District | * | $1,310 | $1,900 | * |
| North Highland Park | * | * | $1,295 | $2,350 |
| Old Town Manchester | $1,185 | $1,379 | $1,950 | * |
| Shockoe Bottom | $1,195 | $1,380 | $1,675 | * |
| The Fan | * | $1,329 | $1,726 | $2,489 |
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
763 apartments starting at $1,285/month
Arlington Apartments
985 apartments starting at $1,401/month
Baltimore Apartments
1,476 apartments starting at $500/month
Bethesda Apartments
120 apartments starting at $1,495/month
Columbia Apartments
164 apartments starting at $1,288/month
Dundalk Apartments
39 apartments starting at $875/month
Silver Spring Apartments
217 apartments starting at $1,175/month
Wake Forest Apartments
62 apartments starting at $825/month
Washington DC Apartments
2,870 apartments starting at $825/month
Popular metro areas
Baltimore Metro Apartments
3,006 apartments starting at $500/month
Charlotte Metro Apartments
3,956 apartments starting at $450/month
Philadelphia Metro Apartments
4,469 apartments starting at $525/month
Pittsburgh Metro Apartments
2,184 apartments starting at $595/month
Raleigh Metro Apartments
3,050 apartments starting at $595/month
Washington Metro Apartments
6,396 apartments starting at $650/month