Apartments for Rent in Richmond, VA

Prices and availability in Richmond, VA were last updated on 9 Sep 2026.

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

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

The price range for a studio apartment in Richmond, VA is between $900 and $5,479.

The price range for a 1-bedroom apartment in Richmond, VA is between $105 and $7,259.

The price range for a 2-bedroom apartment in Richmond, VA is between $629 and $11,491.

The price range for a 3-bedroom apartment in Richmond, VA is between $920 and $16,039.

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.

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.