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Richmond, VA Rent Trends

Rank #46, last updated February 18

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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 $1,155. The average rent of a 1-bedroom in Richmond, VA is $1,250. The average rent of a 2-bedroom in Richmond, VA is $1,450. The average rent of a 3-bedroom in Richmond, VA is $2,150.

Studio

$1,155


1 bed

$1,250


2 beds

$1,450


3+ beds

$2,150

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 793 square feet, while the median apartment size for Richmond, VA is 793 square feet. However, square footage varies based on unit type. Most rentals in Richmond, VA (42.8%) are 2 bedroom apartments, while the fewest (2.17%) are studio apartments. Meanwhile, 1 bedroom apartments account for 33.53%, and 3+ bedroom apartments make up 21.5%.

Studio

One bedroom

Two bedrooms

Three+ bedrooms

What is the average rent for various neighborhoods in Richmond?

Studio1 bed2 beds3+ beds
Carver**$1,331$2,500
Monroe Ward*$1,272$1,539*
Museum District*$1,250$1,650*
Old Town Manchester*$1,352$1,392*
Shockoe Bottom*$1,399$1,588*
The Fan*$1,323$1,495$1,812

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

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