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 $1,216. The average rent of a 1-bedroom in Richmond, VA is $1,299. The average rent of a 2-bedroom in Richmond, VA is $1,628. The average rent of a 3-bedroom in Richmond, VA is $2,495.
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
- 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 796 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 (36.42%) are 1 bedroom apartments, while the fewest (3.24%) are studio apartments. Meanwhile, 2 bedroom apartments account for 35.96%, and 3+ bedroom apartments make up 24.38%.
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 | $1,270 | $1,383 | $1,755 | $2,550 |
| City Center | * | $1,388 | $1,650 | * |
| Fulton | * | $995 | $1,080 | * |
| Jackson Ward | * | * | $1,500 | $2,550 |
| Jahnke | * | $1,619 | $1,865 | * |
| Monroe Ward | * | $1,300 | $1,655 | $2,492 |
| Museum District | * | $1,250 | $1,645 | * |
| Old Town Manchester | * | $1,288 | $1,495 | * |
| Randolph | * | $1,299 | $1,499 | $2,799 |
| Shockoe Bottom | * | $1,392 | $1,663 | * |
| The Fan | * | $1,400 | $1,875 | $3,099 |
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
466 apartments starting at $1,199/month
Arlington Apartments
1,081 apartments starting at $1,337/month
Baltimore Apartments
1,532 apartments starting at $640/month
Bethesda Apartments
114 apartments starting at $1,708/month
Columbia Apartments
142 apartments starting at $1,490/month
Dundalk Apartments
24 apartments starting at $950/month
Silver Spring Apartments
177 apartments starting at $1,300/month
Wake Forest Apartments
35 apartments starting at $1,282/month
Washington DC Apartments
2,383 apartments starting at $800/month
Popular metro areas
Baltimore Metro Apartments
3,023 apartments starting at $640/month
Charlotte Metro Apartments
4,143 apartments starting at $570/month
Philadelphia Metro Apartments
4,237 apartments starting at $500/month
Pittsburgh Metro Apartments
2,295 apartments starting at $495/month
Raleigh Metro Apartments
3,293 apartments starting at $400/month
Washington Metro Apartments
5,457 apartments starting at $675/month