Richmond, VA Rent Trends

Rank #43, last updated August 13

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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 $1,220. The average rent of a 1-bedroom in Richmond, VA is $1,300. The average rent of a 2-bedroom in Richmond, VA is $1,495. The average rent of a 3-bedroom in Richmond, VA is $2,250.

Studio

$1,220


1 bed

$1,300


2 beds

$1,495


3+ beds

$2,250

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

Jul 27 2024Sep 10 2024Oct 26 2024Dec 11 2024Jan 26 2025Mar 13 2025Apr 28 2025Jun 12 2025Aug 13 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 $2,200+.

$600 - $1,000

$1,000 - $1,400

$1,400 - $1,800

$1,800 - $2,200

$2,200+

What is the average apartment size in Richmond?

The average size of a Richmond, VA apartment is 860 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 (43.79%) are 2 bedroom apartments, while the fewest (2.33%) are studio apartments. Meanwhile, 1 bedroom apartments account for 31.83%, and 3+ bedroom apartments make up 22.05%.

Studio

One bedroom

Two bedrooms

Three+ bedrooms

What is the average rent for various neighborhoods in Richmond?

Studio1 bed2 beds3+ beds
Bellemeade*$1,050$1,155*
Blackwell*$1,174$1,095*
Carver**$1,599$2,150
Fulton*$1,095$1,109*
Jackson Ward*$1,136$1,700$2,050
Jahnke*$1,659$1,860*
Museum District*$1,425$1,735$3,200
North Highland Park**$1,345$1,595
Old Town Manchester$1,230$1,403$1,573*
Shockoe Bottom*$1,316$1,638*
Shockoe Slip*$1,289$1,575*
Swansboro*$843$1,150*
The Fan*$1,380$1,791$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

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