Rental GuideRichmond, VA

Richmond rent data for:

Apartments for rent

Average Rent

$1,548

Year Over Year Change

$29

Rentals available, last 30 days

664

Rent ranges for Richmond apartments

$3,001 - $3,001

$2,251 - $3,000

$1,501 - $2,250

$751 - $1,500

$0 - $750

$3,001 - $3,001

$2,251 - $3,000

11%

$1,501 - $2,250

40%

$751 - $1,500

45%

$0 - $750

11%

40%

45%

How has rent in Richmond, VA changed in the last two years?

The average rent in Richmond, VA, for rentals of all sizes and types, is $1,548, which is a 1.77% increase year-over-year.

The monthly rent for 1-bedroom apartments in Richmond, VA is about $1,412. The average rent for 2-bedroom apartments in Richmond, VA is $1,533, and studios are about $1,283 per month.

See more Richmond, VA rent data on our rent research page.

What are the K-12 schools in Richmond, VA?

schools

50,389

students

About Niche: Niche compiles and analyzes the latest data from public sources like the US Census Bureau and the Department of Education to generate rankings for schools and neighborhoods across the US.

Disclaimer: School ratings from Niche are intended for informational purposes only. Check with the nearby schools to verify eligibility and zoning criteria before using this data to decide on your next home.

Showing 1 - 5 of 31 results

What are some of the top neighborhoods in Richmond, VA?

The Fan

The Fan is a vibrant, tree-shaded neighborhood that feels like a cozy community within the city of Richmond. As you wander its streets, you’ll be captivated by the stunning Edwardian architecture that gives the area its unique character. A stroll down Monument Avenue reveals beautiful monuments and the history that lingers, reminding you of the neighborhood’s past. With a lively mix of local eateries and venues, there's always something happening, whether it’s an evening of live music or an art exhibit. The spirit of inclusivity and creativity is palpable here, making it a fantastic place to settle down and feel right at home. Plus, the friendly faces you meet along the way only add to The Fan's welcoming atmosphere.

Shockoe Bottom

Shockoe Bottom is one of Richmond's historic neighborhoods, offering a vibrant atmosphere that's perfect for those who enjoy an active nightlife. Just a stone's throw from the river, the area pulsates with energy and is a hub for social gatherings. You’ll find an eclectic mix of venues that cater to music lovers, making it an ideal spot for enjoying live performances of all kinds. The lively streets are lined with various options for unwinding after a long day, whether you're looking to grab a drink or dance the night away. With its rich history and dynamic scene, you’ll feel the excitement of city life at every corner in Shockoe Bottom!

Old Town Manchester

Old Town Manchester is a vibrant blend of history and modern life, making it a wonderful place to settle down. Walking through the streets, you'll encounter beautifully preserved buildings that echo stories from days gone by, effortlessly woven into the fabric of today’s community. The waterfront area has a fantastic vibe, often bustling with locals enjoying outdoor activities and events. There’s an eclectic mix of art, culture, and friendly faces, which gives Old Town Manchester a warm and inviting atmosphere. Plus, the proximity to downtown Richmond means you’ll always have easy access to a range of amenities and entertainment options. It’s a place where past and present harmonize beautifully.

Downtown/Monroe Ward

Downtown/Monroe Ward is truly the heartbeat of Richmond, offering a vibrant blend of culture and city life that's hard to resist. If you’re a fan of energy and excitement, this spot might just be perfect for you! With a thriving arts scene and an eclectic mix of activities, you’ll always find something engaging to discover. It's also a popular hangout for many VCU students, creating a youthful and dynamic atmosphere. Plus, the presence of historic landmarks like the grand Jefferson Hotel adds a dash of elegance to the streets. Enjoy leisurely strolls, engaging events, and a sense of community that makes this an inviting place to call home.

Carver

Carver is a vibrant area brimming with youthful energy, located just north of Virginia Commonwealth University. With its historic charm, this neighborhood reflects the rich heritage of the city while embracing a contemporary lifestyle. You'll find a lively mix of residents, including many students who contribute to an exciting cultural atmosphere. The streets are lined with beautiful architecture, offering a glimpse into the past, while modern conveniences are never far away. Carver’s close proximity to VCU means that you’ll always be near campus events, art exhibits, and community activities. It’s a great place to soak in the creativity of Richmond while enjoying the dynamics of city living!

Tobacco Row

Tobacco Row, a vibrant part of Richmond, has an intriguing history that adds character to everyday life. The neighborhood has transformed from its industrial past into a lively area filled with unique converted lofts and apartments, preserving the fascinating architecture while embracing modern living. Walking around, you'll encounter artistic touches reflecting the area’s heritage, helping foster a creative and welcoming atmosphere. A significant cultural highlight is the Virginia Holocaust Museum, which serves as a poignant reminder of history and resilience. Living in Tobacco Row means you can enjoy the eclectic vibe that comes from blending the old with the new, making it a truly special place to call home in Richmond.

Who lives in Richmond, VA?

Gender

47% Male

53% Female

Age Range

0-19

21%

20-34

30%

35-44

12%

45-64

23%

65+

13%

Language

English

90%

Spanish

Indo Euro

Asia Pac

Other

Education

No HS

13%

High School

40%

Bachelor's

28%

Master's

12%

Prof Degree

Doctorate

What is the household breakdown in Richmond, VA?

Families

27% Families

73% Single

Property

56% Renters

44% Owners

Household Income

0-25k

25%

25-50k

23%

50-75k

17%

75-100k

10%

100-150k

11%

150k+

11%

How do residents get around Richmond, VA?

Richmond locals spend about 21 minutes commuting, and most drive to get to work. Residents or visitors looking to take public transit can hop on a bus run by GRTC to navigate Richmond and nearby areas. The best way to fly in or out of Richmond is through Richmond International Airport, 8.24 miles away.

Walking

6/10

Some shops and stores are within a few minutes.

Cycling

7/10

Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.

Driving

7/10

This area is close to freeways and has adequate parking options.

Transit

4/10

Frequent public transit options are within walking distance.

Scores for Richmond are calculated based on the proximity to and amount of infrastructure supporting each method of transportation.

Satisfaction survey results for Richmond, VA

We surveyed 10,000 renters across the country about what it's like living in their cities and neighborhoods. In Richmond, 57% of residents reported feeling satisfied or very satisfied with the city overall, which is lower than the national average of 60%.

Top Three Reasons to Live in Richmond

Parks & recreation

68%Satisfaction rating

Pet friendly

65%Satisfaction rating

Weather

52%Satisfaction rating

Other Things to Consider

Job market

Public transportation

Quality schools

Affordable housing

Nightlife

Cost of living

Dating scene

Job market

49%

Public transportation

49%

Quality schools

49%

Affordable housing

43%

Nightlife

42%

Cost of living

25%

Dating scene

23%

49%

43%

42%

25%

23%

Data last updated in 2024. Do you live here? Take our survey and share your experience.

How we got this data

What is the cost of living in Richmond, VA?

The overall cost of living in Richmond, VA is 6% lower than the national average, according to the Cost of Living Index published by the Council for Community and Economic Research. This is calculated by comparing several expenses, including food and basic necessities like energy and healthcare. When it comes to comparing these expenses to the rest of the country, in Richmond you can expect groceries to cost on par with the national average, and healthcare to cost less. Eggs run about $3.38 per carton, and milk $4.65. Regarding healthcare costs, a doctor’s visit could amount to $120.19 on average—but this will likely vary depending on several factors, including insurance and medical specialty.

CATEGORY	AVERAGE COST COMPARED TO NATIONAL AVERAGE
Goods & Services	1% lower
Groceries	No difference
Utilities	4% lower
Transportation	5% lower
Health	9% lower

CATEGORY

Goods & Services