Apartments for Rent in Richmond, VA

Prices and availability in Richmond, VA were last updated on 5 May 2026.

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

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

The price range for a studio apartment in Richmond, VA is between $995 and $4,736.

The price range for a 1-bedroom apartment in Richmond, VA is between $750 and $6,421.

The price range for a 2-bedroom apartment in Richmond, VA is between $900 and $9,715.

The price range for a 3-bedroom apartment in Richmond, VA is between $955 and $15,375.

In Richmond 57% of the housing is rented out compared to 43% of homes are owned, according to the most recent Census Bureau estimates. 23% of Richmond's apartments are found in large buildings of 50 units or more, 58% are located in smaller apartment complexes with less than 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.

Studio apartments in Richmond are around 3% of rentals, while 1-bedroom floor plans represent 40% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 48% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.