Updated 5+ Days Ago
Highlights
- Modern bathroom
- Laundry: washer/dryer hookups
- Brand new kitchen
Location
1250 Wallace St, Richmond, VA 23220, USA|Randolph
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Property Overview
1250 Wallace Street offers a strong mix of value, convenience, and updated features, with a 7.8 Zumper expert rating, excellent price and amenities scores, and a highly rated location. It also stands out for a modern bathroom, brand new kitchen, washer/dryer hookups, 19 photos, and a lively, walkable area with many nearby restaurants and entertainment options.
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
Less expensive- Images Available
Great for
Social life
Floor plans
| 1250 Wallace Street - 4 | 2 bed | 1 bath | 735 sqft | $1,175 /mo | AMAZING RENOVATION 2-Bed Apartment | Richmond Available: Move-In Ready Now! Welcome to 1250 Wallace St. This amazingly renovated 2-bedroom, 1-bathroom apartment is ready for you right now. With stunning new interior upgrades and comfortable climate control, this apartment delivers incredible value and comfort. --- WHY YOU'LL LOVE THIS HOME --- - AMAZING RENOVATION: Experience a completely refreshed interior as the contractor has just finished a top-to-bottom update. - BRAND NEW KITCHEN: Cook and entertain with ease in a stunning new kitchen featuring brand new appliances. - MODERN BATHROOM: Enjoy the comfort and clean finish of a beautifully updated, brand new bathroom. - PREMIUM CLIMATE CONTROL: Stay perfectly comfortable year-round with warm gas heat and cool central air conditioning. --- THE ESSENTIALS --- RENT: $1,175 / month BEDS / BATHS: 2 Beds / 1 Bath LEASE TERM: 12 Months LAUNDRY: Washer/dryer hookups are available. A rental set can be provided for an additional $50/month. RES |
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Policies and fees
Applicants
Applicants
One-time.
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REQUIRED FEES
Security Deposit
One-time.
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Questions about this property’s policies and fees?
Building details
Property details
| Units | 1 |
|---|
About 1250 Wallace Street
AMAZING RENOVATION 2-Bed Apartment | Richmond Available: Move-In Ready Now! Welcome to 1250 Wallace St. This amazingly renovated 2-bedroom, 1-bathroom apartment is ready for you right now. With stunning new interior upgrades and comfortable climate control, this apartment delivers incredible value and comfort. --- WHY YOU'LL LOVE THIS HOME --- - AMAZING RENOVATION: Experience a completely refreshed interior as the contractor has just finished a top-to-bottom update. - BRAND NEW KITCHEN: Cook and entertain with ease in a stunning new kitchen featuring brand new appliances. - MODERN BATHROOM: Enjoy the comfort and clean finish of a beautifully updated, brand new bathroom. - PREMIUM CLIMATE CONTROL: Stay perfectly comfortable year-round with warm gas heat and cool central air conditioning. --- THE ESSENTIALS --- RENT: $1,175 / month BEDS / BATHS: 2 Beds / 1 Bath LEASE TERM: 12 Months LAUNDRY: Washer/dryer hookups are available. A rental set can be provided for an additional $50/month. RESIDENT BENEFITS PACKAGE: Optional enrollment is available for an additional $41.45/month to truly elevate your living experience! This value-packed program includes a Move-In Utility Concierge to make setting up your utilities a breeze, convenient HVAC air filter delivery directly to your door, credit building to boost your score with on-time rent payments, $1M identity protection, and an exclusive rewards program. UTILITIES: Resident is responsible for electricity and gas. Water is included! --- OUR PET POLICY --- OVERVIEW: We are a pet-friendly property! Approved pets are welcome. ONE-TIME FEE: A single, non-refundable animal registration fee of $300 is required. MONTHLY PET RENT: An additional $40 in pet rent is required for every two pets (e.g., 1-2 pets = $40/mo, 3-4 pets = $80/mo). BREED RESTRICTIONS: For the safety and comfort of everyone, we do not allow breeds considered aggressive. This includes, but is not limited to, Pit Bulls, Staffordshire Terriers, Rottweilers,
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.
7.8
/10
Very Good1250 Wallace Street is worth considering and a notable rental in the neighborhood. Residents prioritizing Location will find this property to be a solid option for their next home. It may not stand out for Quality, but it offers a satisfying, above-average quality of life.
Price·8A 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.
Scoring a 8/10, 1250 Wallace Street is a great option for renters looking for apartments in Randolph. The rent is significantly lower than the median rent for the area, therefore this property is competitively priced for its location and its features. Residents here will find a home that meets their needs with few trade-offs.
Amenities·8A 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.
With multiple in-demand amenities, 1250 Wallace Street is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
1250 Wallace Street 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·6A 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.
While 1250 Wallace Street does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
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.
1250 Wallace Street 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 1250 Wallace Street compares to other nearby properties.
Positives
- Less expensive
- The 2-bedrooms are cheaper than other similar listings nearby
- Images Available
- There are at least 10 photos of this property
Considerations
- Greater distance from grade schools
- The nearest elementary school is farther than 0.6 miles away
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Rent trends in Randolph
2-bedroom apartments at 1250 Wallace Street cost about 20% less than the average rent price for 2-bedroom apartments in Randolph.
Median rents as of Oct 24 2026.
Randolph
Richmond
| Month | Median Rent |
|---|---|
| November 2024 | $1,399 |
| December 2024 | $1,408 |
| January 2025 | $1,419 |
| February 2025 | $1,426 |
| March 2025 | $1,398 |
| April 2025 | $1,363 |
| May 2025 | $1,373 |
| June 2025 | $1,397 |
| July 2025 | $1,399 |
| August 2025 | $1,408 |
| September 2025 | $1,397 |
| October 2025 | $1,407 |
| November 2025 | $1,440 |
| December 2025 | $1,450 |
| January 2026 | $1,433 |
| February 2026 | $1,428 |
| March 2026 | $1,421 |
| April 2026 | $1,410 |
| May 2026 | $1,442 |
| June 2026 | $1,413 |
| July 2026 | $1,396 |
| August 2026 | $1,413 |
| September 2026 | $1,402 |
| October 2026 | $1,400 |
| Month | Median Rent |
|---|---|
| March 2025 | $1,199 |
| April 2025 | $1,274 |
| May 2025 | $1,299 |
| June 2025 | $1,299 |
| July 2025 | $1,274 |
| August 2025 | $1,274 |
| October 2025 | $1,300 |
| November 2025 | $1,098 |
| January 2026 | $1,000 |
| March 2026 | $1,162 |
| April 2026 | $1,249 |
| May 2026 | $1,259 |
| June 2026 | $1,293 |
| July 2026 | $1,268 |
Affordability calculator
Can I afford to live at 1250 Wallace St?
Bedrooms
2 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
$47,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $47,000 annually to afford this 2-bedrooms monthly rent price of $1,175.
For more information on rent affordability, visit our rent calculator.
Schools near 1250 Wallace Street
Maymont Pre-K Center
1211 s allen ave
richmond, VA, 23220
PKPublic
Amelia Street School
1821 amelia st
richmond, VA, 23220
PK, K-12Public
Lois Harrison-Jones Elementary School
3021 maplewood ave
richmond, VA, 23221
PK, K-5Public
B
Martin Luther King Jr. Early Learning Center
900 mosby st
richmond, VA, 23223
PKPublic
Summer Hill Preschool Center
2717 alexander ave
richmond, VA, 23234
PKPublic
Neighborhood
Randolph | Richmond, VA
Getting around Richmond near 1250 Wallace St
Walking
7/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
7/10
This area is close to freeways and has adequate parking options.
Cycling
6/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for 1250 Wallace St, Richmond
Groceries
8/10
Wide variety of groceries within a short drive, including some within walking distance
Shopping
8/10
Wide variety of shops within a short drive, including some within walking distance
Cafes
8/10
Wide variety of cafés within a few minutes’ walk
Restaurants
8/10
Wide variety of restaurants within a few minutes’ walk
Primary schools
9/10
At least one elementary school within a 10-minute walk
High schools
6/10
At least one high school within a 15-minute walk
Parks
7/10
Large amount of park space nearby
Nightlife
8/10
Wide variety of bars within a few minutes' walk
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