Henrico, VA Rental Market Trends
Last updated: April 22, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Henrico is $1,604, a 2.71% increase compared to the previous year, when the average rent was $1,562.
Studio Apartments at $1,151 offer the most budget-friendly option with 397 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 708 square feet for $1,454, balancing privacy and affordability.
Two-beedroom units at $1,633 offer 977 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,236 sq ft) for $2,009, suitable for larger households.
Average rent in Henrico, VA
Last updated: April 22, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,604 | 909 sq. ft. |
| Studio | $1,151 | 397 sq. ft. |
| 1 Bed | $1,454 | 708 sq. ft. |
| 2 Beds | $1,633 | 977 sq. ft. |
| 3 Beds | $2,009 | 1,236 sq. ft. |
Henrico, VA rent trends
Rental prices in Henrico, VA have increased by 2.71% over the past year. The average rent moved from $1,562 to $1,604.
What's the typical rent budget in Henrico, VA?
The largest share of rentals in Henrico, VA (47%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Henrico, VA?
32,612 or 40% of the households in Henrico, VA are renter-occupied while 48,615 or 60% are owner-occupied.
Most affordable neighborhoods in Henrico?
West Broad Street Gardens $1,437/month
Wistar Village $1,471/month
Edenwood - Lakefield $1,547/month
All of these neighborhoods fall below the city wide average of $1,604/month.Most expensive neighborhoods in Henrico?
Langtree at Wellesley $1,826/month
Kings Crossing Apartments $1,890/month
Short Pump $1,906/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Henrico, VA By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Short Pump | $1,906 |
| Kings Crossing Apartments | $1,890 |
| Langtree at Wellesley | $1,826 |
| Village of Rocketts Landing | $1,661 |
| Pheasant Run Townhouses of Broad Meadows | $1,575 |
| Edenwood - Lakefield | $1,547 |
| Wistar Village | $1,471 |
| West Broad Street Gardens | $1,437 |
/
Henrico | Rent Comparison by Neighborhood
Rent in Edenwood - Lakefield is 18% lower than in Kings Crossing Apartments
$1,547
Edenwood - Lakefield rent is 4% lower than Henrico average
Average Rent
$1,547
$1,890
Kings Crossing Apartments rent is 18% higher than Henrico average
Average Rent
$1,890
How Henrico Compares to Other Cities
| City | Average Rent |
|---|---|
| Henrico | $1,604 |
| Richmond | $1,605 |
| Alexandria | $2,176 |
| Arlington | $2,697 |
| Charlottesville | $2,102 |
| Newport News | $1,435 |
| Virginia Beach | $1,780 |
| Norfolk | $1,608 |
| Woodbridge | $2,081 |
| Fairfax | $2,344 |
| Falls Church | $2,307 |
| Midlothian, VA | $1,899 |
| Glen Allen, VA | $1,895 |
| Petersburg, VA | $1,266 |
| Chester, VA | $1,743 |
| Hopewell, VA | $1,295 |
| Chesterfield, VA | $1,770 |
| Mechanicsville, VA | $1,723 |
| Ashland, VA | $1,846 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Henrico apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.