Richmond, VA Rent Trends
Rank #41, last updated May 4
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 $1,175. The average rent of a 1-bedroom in Richmond, VA is $1,306. The average rent of a 2-bedroom in Richmond, VA is $1,563. The average rent of a 3-bedroom in Richmond, VA is $2,377.
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 $200 to $3,000+.
$200 - $900
$900 - $1,600
$1,600 - $2,300
$2,300 - $3,000
$3,000+
What is the average apartment size in Richmond?
The average size of a Richmond, VA apartment is 794 square feet, while the median apartment size for Richmond, VA is 751 square feet. However, square footage varies based on unit type. Most rentals in Richmond, VA (38.5%) are 1 bedroom apartments, while the fewest (4.73%) are studio apartments. Meanwhile, 2 bedroom apartments account for 33.77%, and 3+ bedroom apartments make up 23%.
Studio
One bedroom
Two bedrooms
Three+ bedrooms
What is the average rent for various neighborhoods in Richmond?
| Studio | 1 bed | 2 beds | 3+ beds | |
|---|---|---|---|---|
| Carver | * | $1,285 | $1,760 | $2,196 |
| City Center | * | $1,332 | $1,588 | * |
| Fulton | * | $1,417 | $1,050 | * |
| Jackson Ward | * | $1,105 | $1,453 | $3,249 |
| Jahnke | * | $1,497 | $1,611 | * |
| Monroe Ward | $1,160 | $1,349 | $1,572 | $2,069 |
| Museum District | * | $1,210 | $1,630 | $3,000 |
| Old Town Manchester | * | $1,290 | $1,375 | * |
| Shockoe Bottom | * | $1,395 | $1,779 | * |
| Shockoe Slip | * | $1,267 | $1,571 | * |
| The Fan | * | $1,575 | $1,799 | $2,625 |
| Upper Shockoe Valley | * | $1,258 | $1,809 | * |
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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