Last updated on August 2, 2026

Average rent in
Richmond, VA

Key takeaways for renters

  • Where Richmond rent stands today

    Richmond, VA rent rose modestly year over year by 1.9%, with a current median of $1,625/month. This $9/month increase is negligible. Rents remain at the peak level of $1,650/month reached in July 2026, showing stability at the top of the recent range.

  • Richmond is 16.2% more affordable than the $1,940/month national median, offering a moderately priced market with 801 total rentals available for renters.

  • Rent ranges by bedroom

    Studios rent for $1,210/month, 1-bedrooms for $1,400/month, and 2-bedrooms for $1,600/month. Larger units rise to $2,170 for 3-bedrooms and $2,572 for 4+ bedrooms. This range reflects the variety of bedroom options available across Richmond, VA.

Median rent

Median rent in Richmond

$1,625/mo

increased by2%

vs previous year

The average rent in Richmond is $1,625 per month as of August 2026. This is 16% below the national average rent, or $315 less per month.

$1.74

average price per square foot

Total rentals

Available rentals in Richmond

801

for rent on Zumper.com as of August 2026

Rent price distribution

Share of Richmond rentals at each price point

45%34%23%11%0%
$0 - $750
$751 - $1,500
$1,501 - $2,250
$2,251 - $3,000
$3,001+

Rent trends in Richmond, VA

Average rent prices in Richmond have remained the same over the last month and have increased by 2% since last year.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in Richmond, VA

Rent prices in Richmond vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Richmond is $1,562, whereas a house costs $2,150. 1-bedroom apartments in Richmond run $1,434 on average, while 2-bedroom apartments are $1,649.

Listings

Studio

$1,210

1%

2%

1 bedroom

$1,400

1%

3%

2 bedroom

$1,600

1%

1%

3 bedroom

$2,170

2%

2%

4 bedroom

$2,572

5%

4%

Studio

Average rent

$1,210

Last 30 days

1%

Last year

2%

1 bedroom

Average rent

$1,400

Last 30 days

1%

Last year

3%

2 bedroom

Average rent

$1,600

Last 30 days

1%

Last year

1%

3 bedroom

Average rent

$2,170

Last 30 days

2%

Last year

2%

4 bedroom

Average rent

$2,572

Last 30 days

5%

Last year

4%

The table above reflects average rent prices in Richmond, VA, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

How does rent in Richmond, VA compare to other cities?

Compare median rent prices in Richmond and Ashland by all bedroom counts and property types.

Richmond

Median rent price$1,625
decreased by16%

lower than the national median

Median rent price$1,850
decreased by5%

lower than the national median

Takeaway

The median rent for all rentals in Richmond, VA is 12% lower than the median rent in Ashland, VA.

Cost of living in Richmond, VA

Explore the cost of essential expenses, and then use our rent calculator to find out how much rent you can afford.

Expenses
accrued by most renters
Average cost
compared to national average
Goods & Services1% higher
GroceriesNo difference
Health9% lower
Housing14% lower
Transportation2% lower
Utilities3% lower

Discover rentals in Richmond, VA

700 West 44 - Photo 1 of 1
Income restricted

5d+ ago

9.3

Excellent

Our team has verified this company

Verified

700 West 44

4500 Bassett Avenue, Richmond, VA 23225

1–3 beds

1–2 baths

$507–$1,597

Apartment for rent

Available Apr 28

Call

6450 Greenbank Road - Photo 1 of 1

2d ago

6.7

Good

6450 Greenbank Road

6450 Greenbank Rd, Richmond, VA 23225

1–3 beds

1 bath

$645–$881

Apartment for rent

5000 Midlothian Tpke #LOT15 - Photo 1 of 1

5d+ ago

Midlothian house for rent in Richmond

Lot 15

5000 Midlothian Tpke #LOT15, Richmond, VA 23225

2 beds

1 bath

$675

House for rent

11 E Broad St #A - Photo 1 of 1

5d+ ago

Monroe Ward condo for rent in Richmond

Condo for rent

Available Dec 1

Stay up to date with rental market insights

Are you interested in licensing our current and historical rental real estate data, or do you have custom data requests? Contact datalicensing@zumper.com.

Frequently asked questions for Richmond, VA

Quick answers to common questions about the Richmond rental market.

How much is rent in Richmond?

The average rent in Richmond is $1,625 per month as of August 1, 2026.

Is rent up or down in Richmond?

Average rent prices in Richmond have remained the same over the last month and have increased by 2% since last year.

How does Richmond rent compare to the national average?

Rent in Richmond is 16% below the national average, which means renters are paying approximately $315 less per month.

Which neighborhoods are most affordable in Richmond?

The most affordable neighborhoods in Richmond are Monroe Ward ($1,349/mo), Chamberlayne Industrial Center ($1,450/mo), and Old Town Manchester ($1,495/mo).

What salary do I need to afford rent in Richmond?

To comfortably afford rent in Richmond, you'd need to earn approximately $65,000/year, based on spending no more than 30% of your income on rent.

When is the best time of year to rent in Richmond?

Based on Zumper's July 2026 data, one-bedroom apartments in Richmond average around $1,470/month and two-bedrooms approximately $1,630/month.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).

Apartments for rent in Ashland