Apartments for Rent in Richmond, VA

Prices and availability in Richmond, VA were last updated on 8 Nov 2026.

The best apartments in Richmond, VA are: Canopy at Ginter Park Apartments, Link Apartments® Manchester, Summit at Bon Air, Tapestry West and Malvern Manor Apartments.

The average rent in Richmond, VA is $1,558.

The price range for a studio apartment in Richmond, VA is between $925 and $5,852.

The price range for a 1-bedroom apartment in Richmond, VA is between $652 and $7,326.

The price range for a 2-bedroom apartment in Richmond, VA is between $602 and $10,568.

The price range for a 3-bedroom apartment in Richmond, VA is between $969 and $13,030.

In Richmond, 56% of the residents are renting compared to 44% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 24% of Richmond's rentals, 58% are small-scale complexes with under 50 units, and 18% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Richmond are about 32 years old, on average. Of these, 47% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 4 stories. About 81% of the rental communities here are low-rise, garden-style communities, 20% are mid-rises, and 7% are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

Rental apartments in Richmond come in a range of sizes and floorplans. Studio apartments represent 3% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 40% of the total apartments in the city, while 2-bedroom floorplans represent around 48% of all rentals in Richmond. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.