Average Rent in Richmond, VA and Rent Price Trends

Rent price trends in
Richmond, VA

Rent price trends

Rent prices for all bedroom counts and property types in Richmond, VA have remained the same in the last month and have decreased by 1% in the last year.

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

Rent comparables in
Richmond, VA
The monthly rent for an apartment in Richmond, VA is $1,525. A 1-bedroom apartment in Richmond, VA costs about $1,455 on average, while a 2-bedroom apartment is $1,635. Houses for rent in Richmond, VA are more expensive, with an average monthly cost of $1,995.

				Comparables
1 bedroom	$1,411	No Change	1%
2 bedroom	$1,595	No Change	4%
3 bedroom	$2,000	1%	2%
4 bedroom	$2,472	3%	2%
Studio	$1,230	No Change	5%

		Comparables
Chamberlayne Industrial Center	$1,395
City Center	$1,489
Jackson Ward	$1,480
Manchester	$1,449
Monroe Ward	$1,395
Museums	$1,950
Old Town Manchester	$1,433
Shockoe Bottom	$1,461
The Fan	$1,600
The Museum District	$1,533

Studio

Average rent

$1,230

Last 30 days

No Change

Last year

5%

1 bedroom

Average rent

$1,411

Last 30 days

No Change

Last year

1%

2 bedroom

Average rent

$1,595

Last 30 days

No Change

Last year

4%

3 bedroom

Average rent

$2,000

Last 30 days

1%

Last year

2%

4 bedroom

Average rent

$2,472

Last 30 days

3%

Last year

2%

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.

Compare rent prices in Richmond, VA to other cities

Median rent prices in Richmond, VA for all bedroom counts and property types compared to Ashland, VA.

Richmond

Median rent price$1,580

17%

lower than the national median

Median rent price$1,750

8%

lower than the national median

Takeaway

The median rent for all rentals in Richmond, VA is 10% lower than the median rent in Ashland, VA.

More data insights and reports

View the National Rent Report

National Rent Report

View the Canadian Rent Report

Canadian Rent Report

View the Annual Rent Report

Annual Rent Report

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Average rent in
Nearby cities
Explore rent trends in other markets

Ashland

$1,750

Last year

Chesterfield

$2,316

Last year

Chester

$2,026

Last year

Glen Allen

$2,199

Last year

Henrico

$1,950

Last year

Highland Springs

$1,450

Last year

Hopewell

$1,321

Last year

Manakin Sabot

$2,100

Last year

Mechanicsville

$2,037

Last year

Midlothian

$2,100

Last year

Moseley

$2,849

Last year

Sandston

$1,473

Last year

Cost of living in
Richmond, VA

The overall cost of living in Richmond, VA is 6% lower than the national average. Explore the cost of essential expenses, then use our rent calculator to help set your budget.

Expenses accrued by most renters	Average cost compared to national average
Goods & Services	1% lower
Groceries	No difference
Health	9% lower
Housing	15% lower
Transportation	5% lower
Utilities	4% lower

Apartments for rent in Ashland

Apartments for rent in Chester

Apartments for rent in Chesterfield

Apartments for rent in Colonial Beach

Apartments for rent in Colonial Heights

Apartments for rent in Glen Allen

Apartments for rent in Henrico

Apartments for rent in Highland Springs

Apartments for rent in Hopewell

Apartments for rent in Mechanicsville

Apartments for rent in Midlothian

Apartments for rent in Petersburg

Apartments for rent in Richmond

Apartments for rent in Sandston

Apartments for rent in Williamsburg

Houses for rent in Blackwell

Houses for rent in Carver

Houses for rent in Church Hill North

Houses for rent in City Center

Houses for rent in Colonial Place

Houses for rent in Fulton

Houses for rent in Ginter Park

Houses for rent in Jackson Ward

Houses for rent in Manchester

Houses for rent in Mary Munford

Houses for rent in Mosby

Houses for rent in Museums

Houses for rent in Oakwood

Houses for rent in The Fan

Houses for rent in The Museum District

Houses for rent in Union Hill

Rooms for rent in Ashland

Rooms for rent in Chester

Rooms for rent in Chesterfield

Rooms for rent in Colonial Heights

Rooms for rent in Disputanta

Rooms for rent in Glen Allen

Rooms for rent in Henrico

Rooms for rent in Highland Springs

Rooms for rent in Hopewell

Rooms for rent in Mechanicsville

Rooms for rent in Midlothian

Rooms for rent in Moseley

Rooms for rent in Petersburg

Rooms for rent in Prince George

Rooms for rent in Richmond

Rooms for rent in Sandston

12916 Copperas Ln, Richmond, VA 23233, USA

7100 Brigham Rd, Richmond, VA 23226, USA

1800 Buckner St, Richmond, VA 23231, USA

1215 Grayland Ave, Richmond, VA 23220, USA

3 Forest Ave, Richmond, VA 23223, USA

3027 Floyd Ave, Richmond, VA 23221, USA

3106 Stuart Ave, Richmond, VA 23221, USA

403 Stockton St, Richmond, VA 23224, USA

3121 Divine Dr, Richmond, VA 23222, USA

3119A 4th Ave, Richmond, VA 23222, USA

5514 Almond Ave, Richmond, VA 23231, USA

1803 Elkridge Ln, Richmond, VA 23223, USA

2080 Moore St, Richmond, VA 23220, USA

1424 W Cary St, Richmond, VA 23220, USA

1508 Hickory St, Richmond, VA 23222, USA

1108 Grove Ave, Richmond, VA 23220, USA

1600 Treboy Ave, Richmond, VA 23226, USA

1610 Fendall Ave Apt A, Richmond, VA 23222, USA

1614 W Cary St, Richmond, VA 23220, USA

1700 Chicago Ave, Richmond, VA 23224, USA

Discover rentals in Richmond, VA

2410 24th And Perry Street - Photo 1 of 1

5h ago

Swansboro apartment for rent in Richmond

Weekly 500$ short term NOW AVAIL 1 Bedroom APT, FULL FURN - pet friendly

2410 24th And Perry Street, Richmond, VA 23225

1 bed

1 bath

$500

Apartment for rent

Available Feb 23

11 East Broad Street #A - Photo 1 of 1

5d+ ago

Monroe Ward condo for rent in Richmond

11 East Broad Street #A, Richmond, VA 23220

1 bed

1 bath

$700

Condo for rent

Available Dec 1

Chesterfield Apartments - Photo 1 of 1

4d ago

8

Very good

Chesterfield Apartments

900 W Franklin St, Richmond, VA 23220

2–3 beds

1–2 baths

$815–$975

Apartment for rent

Liberty Circle Apartments - Photo 1 of 1

1d ago

8.4

Very good

Liberty Circle Apartments

1600 Monument Ave, Richmond, VA 23220

2–5 beds

1–3 baths

$820–$881

Apartment for rent

1d ago

8.3

Very good

Townhomes at Warwick Place I

5311 Warwick Rd, Richmond, VA 23224

3 beds

2 baths

$868–$1,458

Apartment for rent

925 N 20th St #B - Photo 1 of 1

5d+ ago

Fairmount apartment for rent in Richmond

2 beds

1 bath

$925

Apartment for rent

Available Jan 19

2108 Phaup St #E - Photo 1 of 1

5d+ ago

Fairfield apartment for rent in Richmond

2 beds

1 bath

$950

Apartment for rent

Available May 15

713 E 18th St - Photo 1 of 1

3d ago

Blackwell condo for rent in Richmond

713 E 18th St, Richmond, VA 23224

2 beds

1 bath

$995

Condo for rent

Available Feb 20