Apartments for Rent in Shockoe Bottom, Richmond, VA

Shockoe Bottom, Richmond apartment availability

Shockoe Bottom's rental market offers a very strong selection of listings, with an average of about 300 rentals available each month. The majority of these rentals are 1-bedroom and 2-bedroom apartments, making up about 280 of the available listings. Many of these apartments are pet-friendly, with over 80% allowing small pets or having some pet restrictions. This neighborhood is an excellent option for renters with pets, offering a range of choices to suit different needs. With its high volume of listings, Shockoe Bottom is a great place to find a rental that fits your lifestyle.

Shockoe Bottom, Richmond rental market trends

The Shockoe Bottom rental market in Richmond saw a slight decrease in average rent prices over the past year, with a 0.78% drop to $1,434 per month. Breaking it down by bedroom count, 1-bedrooms average $1,309 per month, a 3.1% decrease from the previous year. In contrast, 3-bedrooms experienced a 7% increase, now averaging $2,276 per month. Studios saw a 6.2% decrease, with an average rent of $1,099 per month.

The summer months tend to see higher demand and prices in Shockoe Bottom, with May typically being the most expensive month. Rents in May are about 6.1% higher than in October, the month with the lowest average rent. If you're looking for a new apartment, October may be a good time to find a deal. Keep in mind that the rental market can be competitive, especially during the peak summer months.

Why Shockoe Bottom, Richmond is a great place to live

Renters seeking a neighborhood that aligns with their lifestyle and interests will find Shockoe Bottom an attractive option. Our analysis of local amenities and attractions reveals that this area excels in pet friendliness and social life.

With features like pet waste stations, ample space for pets, pet-safe windows, and outdoor spaces, as well as dog parks and pet events, Shockoe Bottom is an ideal location for pet owners. The neighborhood also caters to those with an active social life, thanks to its numerous restaurants, dense neighborhood population, reliable safety record, frequent transit options, and well-maintained street infrastructure. If you prioritize a vibrant social scene and a pet-friendly environment, Shockoe Bottom is a great choice.