40 Minutes Ago
Highlights
- Washer/dryer
- Open floor plan
- Spacious kitchen
Location
516 W Clay St, Richmond, VA 23220, USA|Jackson Ward
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Property Overview
516 W Clay St achieves an impressive Zumper Expert Rating of 9.4, reflecting its competitive pricing and outstanding amenities, including a spacious kitchen and open floor plan. The property excels in location, rated 9 out of 10, with easy access to schools, restaurants, and cultural centers, making it ideal for an active social life. Additionally, it ranks in the 100th percentile for value per square foot, showcasing excellent value for renters seeking a quality living experience.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
More space- Middle school nearby
- Elementary school nearby
Great for
Social life
Floor plans
| 3BR/1.5BA | 3 bed | 1.5 bath | 2,662 sqft | $1,500 /mo | 1 unit available | Welcome to 516 W Clay St, a beautiful 3 bed/ 1.5 bath townhome in Richmond, Virginia! With a spacious kitchen and open floor plan, this home is nestled on a quiet street just a stones throw away from VCU and The Fan! This unit includes the following: -Spacious Kitchen -Natural Light -Spacious Bedrooms -Washer/dryer -Open floor plan -Eat in Kitchen Do not miss the chance to call 516 W Clay St home! Book and showing now and see all the unit has to offer!! Please Note: Tenant is required to enroll in Tenant Benefit Package for $38/month. Monthly tenant contingency admin fees may also be required. To learn more about the Tenant Benefit Package, tenant contingency fee, animal policy, or other tenant related information, please visit www joinpeakpm com Lease Administration Fee ($195) due upon signing Application Fee is non-refundable in all situations All information deemed reliable but not guaranteed |
Let's explore this property.
Amenities for 516 W Clay St
Appliances
| Dishwasher | In-Unit Laundry |
| Oven | Range |
| Refrigerator | Stackable Washer & Dryer |
| Stove/Oven | Washer and Dryer |
Other
| Water, Trash, & Sewer |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Contact for more information on pet policy.
Building details
Property details
| Units | 2 |
|---|
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About 516 W Clay St
Welcome to 516 W Clay St, a beautiful 3 bed/ 1.5 bath townhome in Richmond, Virginia! With a spacious kitchen and open floor plan, this home is nestled on a quiet street just a stones throw away from VCU and The Fan! This unit includes the following: -Spacious Kitchen -Natural Light -Spacious Bedrooms -Washer/dryer -Open floor plan -Eat in Kitchen Do not miss the chance to call 516 W Clay St home! Book and showing now and see all the unit has to offer!! Please Note: Tenant is required to enroll in Tenant Benefit Package for $38/month. Monthly tenant contingency admin fees may also be required. To learn more about the Tenant Benefit Package, tenant contingency fee, animal policy, or other tenant related information, please visit www joinpeakpm com Lease Administration Fee ($195) due upon signing Application Fee is non-refundable in all situations All information deemed reliable but not guaranteed
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
9.4
/10
Excellent516 W Clay St is an excellent find, offering residents a superior living experience with a wide range of desirable features. Residents will particularly enjoy knowing that this property rated highest in Price and Amenities, which help to make this rental a great place to call home.
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
516 W Clay St offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·10A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
516 W Clay St stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks—in-unit laundry—making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
516 W Clay St is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·9A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
516 W Clay St has a few standout characteristics that set it apart from similar properties nearby. Having both verified status and features that cater to discerning renters, this is a great option for renters looking for a specific and exceptional lifestyle.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.
516 W Clay St is great for:
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 516 W Clay St compares to other nearby properties.
Positives
- More space
- The 3-bedroom is 1537 sqft larger than other listings nearby
- Middle school nearby
- There is a middle school 0.2 mile away
- Elementary school nearby
- There is an elementary school 0.3 mile away
- Less expensive
- The 3-bedrooms are cheaper than other similar listings nearby
Considerations
- Lacks images
- Fewer than 10 photos available for this location
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Rent trends in Jackson Ward
3-bedroom apartments at 516 W Clay St cost about 25% less than the average rent price for 3-bedroom apartments in Jackson Ward.
Median rents as of Sep 6 2025.
Jackson Ward
Richmond
| Month | Median Rent |
|---|---|
| September 2023 | $1,276 |
| October 2023 | $1,259 |
| November 2023 | $1,254 |
| December 2023 | $1,237 |
| January 2024 | $1,248 |
| February 2024 | $1,239 |
| March 2024 | $1,216 |
| April 2024 | $1,238 |
| May 2024 | $1,265 |
| June 2024 | $1,253 |
| July 2024 | $1,256 |
| August 2024 | $1,246 |
| September 2024 | $1,241 |
| October 2024 | $1,284 |
| November 2024 | $1,297 |
| December 2024 | $1,320 |
| January 2025 | $1,303 |
| February 2025 | $1,288 |
| March 2025 | $1,268 |
| April 2025 | $1,255 |
| May 2025 | $1,248 |
| June 2025 | $1,270 |
| July 2025 | $1,250 |
| August 2025 | $1,252 |
| September 2025 | $1,278 |
| Month | Median Rent |
|---|---|
| May 2024 | $1,050 |
| June 2024 | $1,074 |
| July 2024 | $1,034 |
| August 2024 | $968 |
| June 2025 | $1,195 |
| September 2025 | $1,255 |
Affordability calculator
Can I afford to live at 516 W Clay St?
Bedrooms
3 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$60,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $60,000 annually to afford this 3-bedrooms monthly rent price of $1,500.
For more information on rent affordability, visit our rent calculator.
Schools near 516 W Clay St
George W. Carver Elementary School
1110 w leigh st
richmond, VA, 23220
PK, K-5Public
C-
Maymont Pre-K Center
1211 s allen ave
richmond, VA, 23220
PKPublic
Amelia Street School
1821 amelia st
richmond, VA, 23220
PK, K-12Public
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Internet available near 516 W Clay St
Getting around Richmond near 516 W Clay St
Walking
7/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
6/10
This area is close to freeways and has adequate parking options.
Cycling
6/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
5/10
Frequent public transit options are within walking distance.
Points of interest for 516 W Clay St, Richmond
Groceries
7/10
At least one grocery store within a 15-minute walk
Shopping
4/10
Some shops within walking distance
Cafes
6/10
Some cafés within walking distance
Restaurants
7/10
Variety of restaurants within walking distance
Primary schools
8/10
At least one elementary school within a 10-minute walk
High schools
9/10
At least one high school within a 10-minute walk
Parks
7/10
Moderate amount of park space nearby
Nightlife
5/10
Some bars within walking distance
Explore the area around 516 W Clay St
Market Place Holdings
1301 W Broad St
Tiger Market
200 W Hill St
Kroger
901 N Lombardy St
Lombardy Market
201 N Lombardy St
Whole Foods Market
2024 W Broad St
Verdalina
325 W Broad St
Rumors
723 W Broad St
Tom James
406 W Franklin St
Shakoor's Merchandise
319 N 2nd St
Blue Sage Bridal LLC
20 E Main St
Lift Coffee Shop & Cafe
218 W Broad St
Lab By Alchemy Coffee
814 W Broad St
Dunkin'
900 W Broad St
The Coffee Bar
201 W Broad St
Tropical Smoothie Cafe
929 W Broad St
GWARbar
217 W Clay St
Penny's Wine Shop
405 Brook Rd
Cobra Cabana
901 W Marshall St
Aladdin Express
801 W Broad St
Maple & Pine Restaurant
201 W Broad St
Pies & Cakes Bakery
701 W Clay St
Mo's Sweet Minis
902 W Broad St
Einstein Bros Bagels
810 Cathedral Pl
Roots Natural Kitchen
939 W Grace St
Kroger Bakery
901 N Lombardy St
Abner Clay Park
Monroe Park
Calhoun Recreation Area
Maggie L. Walker
Gimbles Hill Park
RVA Light Cafe
504 W Broad St
GWARbar
217 W Clay St
Govinda Restaurant
812 W Marshall St
Lift Coffee Shop & Cafe
218 W Broad St
Common House
303 W Broad St
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