Disclaimer: Covid-19 may have impacted rent prices in a way that is not yet reflected in our reports. When referencing the data published on this page, please keep in mind that the data provided here may not accurately depict the current reality of the market.
Richmond, VA Rental Market Trends
Highlights
The average rent for an apartment in Richmond is $1,110, a 2% increase compared to the previous year.
Average Rent in Richmond, VA
Last updated February 2020
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,110 | 2% | 866 sq. ft. |
The average size for a Richmond, VA apartment is 866 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Richmond, VA Apartment Rent Ranges
- $501-$7002%
- $701-$1,00039%
- $1,001-$1,50050%
- $1,501-$2,0007%
- > $2,0001%
Richmond, VA Occupied Housing Units
- Renter-occupied Households55%
- Owner-occupied Households44%
49,507 or 55% of the households in Richmond, VA are renter-occupied while 40,339 or 44% are owner-occupied.
Richmond, VA Rent Trends
| Average Rent | Nov / 2016 | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Feb / 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Richmond, VA | $974 | $975 | $1,004 | $1,016 | $1,025 | $1,065 | $1,067 | $1,083 | $1,109 | $1,118 | $1,110 |
| National | $1,340 | $1,337 | $1,368 | $1,371 | $1,374 | $1,408 | $1,417 | $1,422 | $1,458 | $1,466 | $1,468 |
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Average Rent in Richmond, VA By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Wilhaven | $791 |
| Washington Park | $791 |
| Tazewell Place | $791 |
| Sunny Side Hills | $791 |
| Stratford Village | $791 |
| Springdale | $791 |
| Southern Barton Heights | $791 |
| Ravenswood Farm | $791 |
| Providence Park | $791 |
| Pleasant View | $791 |
| Pemberton Place - Ratcliffe | $791 |
| Olney Park | $791 |
| Northern Barton Heights | $791 |
| North Highland Park | $791 |
| New Providence Park - Laburnum Grove | $791 |
| Lynn Grove | $791 |
| Highland Terrace | $791 |
| Highland Park Southern Tip | $791 |
| Highland Park | $791 |
| Highland Gardens | $791 |
| Henrico Heights | $791 |
| Green Park | $791 |
| Grayson Park | $791 |
| Ginter Park Terrace | $791 |
| Fayette Park | $791 |
| Fairfield Gardens | $791 |
| Edgewood | $791 |
| Delmont Park | $791 |
| Confederate Heights | $791 |
| Cloverland | $791 |
| Chatham Place | $791 |
| Brookland Park | $791 |
| Austin Park | $791 |
| Austin Heights | $791 |
| Ginter Park | $950 |
| Woodhaven | $960 |
| Swansboro West | $960 |
| Stevens Hollow - Newberry Towne | $960 |
| Southwood | $960 |
| South Garden | $960 |
| Piney Knolls | $960 |
| Old Town Manchester | $960 |
| Oak Grove | $960 |
| McGuire Veterans Hospital | $960 |
| McGuire Manor | $960 |
| McGuire | $960 |
| Maury | $960 |
| Marlboro | $960 |
| Manchester | $960 |
| Hillside Court | $960 |
| Fawnbrook | $960 |
| Cofer | $960 |
| Broad Rock Sports Complex | $960 |
| Broad Rock | $960 |
| Blackwell | $960 |
| Belt Center | $960 |
| Bellemeade | $960 |
| Ancarows Landing | $960 |
| Windsor | $979 |
| Hickory Hill | $979 |
| Broad Rock Industrial Park | $979 |
| Belmont Woods | $979 |
| Wilkinson Estates | $991 |
| Wildwood | $991 |
| Village of Azalea | $991 |
| Vaughan Heights | $991 |
| Three Fountains North | $991 |
| The Oaks | $991 |
| Stukeley Hall Farms | $991 |
| Stuart Ridge | $991 |
| Sterling Forest | $991 |
| Sherwood Park | $991 |
| Rosedale | $991 |
| Rolling Hills | $991 |
| Pine Camp | $991 |
| Overbrook Park | $991 |
| Northfield | $991 |
| Meadowood | $991 |
| Lakeside Terrace | $991 |
| Lake Ridge | $991 |
| Lake Colony | $991 |
| Laburnum Park | $991 |
| Knightsbridge | $991 |
| John Marshall | $991 |
| Jefferson Gardens | $991 |
| Huntington Place | $991 |
| Crosspoint Fairway Homes | $991 |
| Club Court | $991 |
| Chipplegate | $991 |
| Chickahominy Bluffs | $991 |
| Cherokee Place | $991 |
| Chamberlayne Hills | $991 |
| Chamberlayne Heights | $991 |
| Chamberlayne Farms | $991 |
| Chamberlayne Estates | $991 |
| Bryan Park | $991 |
| Brookside Gardens | $991 |
| Brook Hill Heights | $991 |
| Bellevue | $991 |
| Azalea Court | $991 |
| Ashbury at Stoneleigh | $991 |
| Afton | $991 |
| Swanson | $993 |
| Swansboro | $993 |
| Northrop | $993 |
| Midlothian | $993 |
| Elkhardt | $993 |
| Wilkinson Terrace | $1,004 |
| Watch Run | $1,004 |
| Walmsley | $1,004 |
| Trampling Farms - Gravelbrook Farms | $1,004 |
| Shady Creek | $1,004 |
| Rockspring Farms | $1,004 |
| Parnell Industrial Area | $1,004 |
| Old Coach Hills - Fair Pines | $1,004 |
| Meadowbrook Farm - Jessup Meadows | $1,004 |
| Meadow Oaks - Meadowbrook Manor | $1,004 |
| Mason Woods - Beulah Oaks | $1,004 |
| Land-O-Pines | $1,004 |
| Kingsland Glen - Kings Forest | $1,004 |
| Kings Grove | $1,004 |
| Jeff Davis | $1,004 |
| Irongate - Stone Bridge | $1,004 |
| Hening Heights | $1,004 |
| Garland Heights | $1,004 |
| Falling Creek Court | $1,004 |
| Dupont Gardens | $1,004 |
| Downtown Meadowbrook | $1,004 |
| Deerbourne | $1,004 |
| Davee Gardens | $1,004 |
| Cullenwood | $1,004 |
| Cottrell Farms | $1,004 |
| Commerce Road Industrial Area | $1,004 |
| Cherry Gardens | $1,004 |
| Brookbury | $1,004 |
| British Camp Farms | $1,004 |
| Braxton - Meadow Ridge | $1,004 |
| Berwick Village | $1,004 |
| Belfair - Lantern Ridge | $1,004 |
| Beechwood | $1,004 |
| Willowhurst | $1,005 |
| Orchard Hill | $1,005 |
| Meadowdale | $1,005 |
| Falling Creek Villa - Sherbourne Heights | $1,005 |
| Salem Woods | $1,010 |
| Robinwood | $1,010 |
| Rayon Park - Patterson Park | $1,010 |
| Oakmont - Tremont | $1,010 |
| Lost Forest | $1,010 |
| Kingsland Woods | $1,010 |
| Kingsland Acres | $1,010 |
| Kimberly Acres | $1,010 |
| Kendale Acres | $1,010 |
| Indian Springs - Camelot Forest | $1,010 |
| Hunting Creek Hills | $1,010 |
| Hollymeade | $1,010 |
| Faqua Farms - Silver Leaf | $1,010 |
| Courthouse Green | $1,010 |
| Chesswood - Centralia Gardens | $1,010 |
| Central Park - Crescent Park | $1,010 |
| Brentwood - Bendahl Valley | $1,010 |
| Ashton Woods North | $1,010 |
| Afton | $1,010 |
| Worthington | $1,013 |
| Woodland Heights | $1,013 |
| Willow Oaks | $1,013 |
| Westover Hills West | $1,013 |
| Westover Hills | $1,013 |
| Westover | $1,013 |
| Westlake Hills | $1,013 |
| Warwick | $1,013 |
| Southaven - Anderson Forge | $1,013 |
| Reedy Creek | $1,013 |
| Powhite Park | $1,013 |
| Pocoshock | $1,013 |
| Jahnke | $1,013 |
| Hioaks | $1,013 |
| Gravel Hill | $1,013 |
| Forest View | $1,013 |
| Forest Hill Terrace | $1,013 |
| Forest Hill Park | $1,013 |
| Forest Hill | $1,013 |
| Chippenham Forest | $1,013 |
| Cedarhurst | $1,013 |
| Beaufont | $1,013 |
| Belmont Acres | $1,023 |
| Magnolia Industrial Center | $1,031 |
| Brentwood | $1,031 |
| Belle and Mayo Islands | $1,037 |
| Wynfield | $1,060 |
| Woodville | $1,060 |
| Windsor Place | $1,060 |
| Wilton Place | $1,060 |
| Whitcomb | $1,060 |
| Westover Pines Townhouses | $1,060 |
| Union Hill | $1,060 |
| Tiffany Meadows | $1,060 |
| Stony Run Estates | $1,060 |
| Stoney Creek | $1,060 |
| Shreveport Park | $1,060 |
| Shockoe Bottom | $1,060 |
| Sebree's Addition | $1,060 |
| Roosevelt Park | $1,060 |
| Robin Park | $1,060 |
| River Bluffs | $1,060 |
| Peter Paul | $1,060 |
| Pemberton Place | $1,060 |
| Oxford Court | $1,060 |
| Orchard Glen | $1,060 |
| Oakwood Cemetery | $1,060 |
| Oakwood | $1,060 |
| Oakleys Chase | $1,060 |
| Oakley Meadows | $1,060 |
| Oak Hill Manor | $1,060 |
| Oak Hill | $1,060 |
| Oak Glen | $1,060 |
| Mosby | $1,060 |
| Montezuma Gardens | $1,060 |
| Montezuma Farms | $1,060 |
| Mitcheltree | $1,060 |
| Meadowview Park | $1,060 |
| Mayfair Place | $1,060 |
| Martin's Manor | $1,060 |
| Maplewood Farms | $1,060 |
| Maplewood Farm | $1,060 |
| Kingsridge | $1,060 |
| Kensington Meadows | $1,060 |
| Huntwood | $1,060 |
| Hunters Mill Townhouses | $1,060 |
| Hollybrook Townhouses | $1,060 |
| Hillcrest Farms | $1,060 |
| Hechler Village | $1,060 |
| Hawkes Plan - Highland Meadow | $1,060 |
| Harvie Court | $1,060 |
| Harvest Crest | $1,060 |
| Hallwood Farm | $1,060 |
| Glenwood Lakes | $1,060 |
| Glenwood Heights | $1,060 |
| Glenwood Gardens | $1,060 |
| Glenwood Farm | $1,060 |
| Glen Manor | $1,060 |
| Glen Echo Park | $1,060 |
| Foxhill | $1,060 |
| Fordham Village | $1,060 |
| Federal Place | $1,060 |
| Fairmount | $1,060 |
| Fairfield Woods | $1,060 |
| Fairfield | $1,060 |
| Eaves Heights | $1,060 |
| Eastview | $1,060 |
| Dominion Townes | $1,060 |
| Creighton | $1,060 |
| Cool Lane Court - Mechanicsville Gardens | $1,060 |
| Clarendon Woods | $1,060 |
| Clarendon Farms | $1,060 |
| Clarendon - Aldersgate | $1,060 |
| Church Hill North | $1,060 |
| Church Hill | $1,060 |
| Chimborazo | $1,060 |
| Central Gardens | $1,060 |
| Cedar Run | $1,060 |
| Cedar Fork Estates | $1,060 |
| Bungalow City | $1,060 |
| Brauers | $1,060 |
| Beth Dale - Autum Chase | $1,060 |
| Beechwood Park | $1,060 |
| Avalon - Hill Valley | $1,060 |
| Stratford Hills | $1,061 |
| Rock Creek Park | $1,061 |
| Providence Green | $1,061 |
| Oxford | $1,061 |
| Crestwood Farms | $1,061 |
| Upper Shockoe Valley | $1,144 |
| Whitestone | $1,144 |
| Wedgewood | $1,144 |
| Stonehenge - Ashley Woods | $1,144 |
| Spring Hill - Wagstaff Circle | $1,144 |
| Southport | $1,144 |
| Solar | $1,144 |
| Smoketree | $1,144 |
| Shenandoah Hills - Reams Run | $1,144 |
| Providence Creek | $1,144 |
| Providence | $1,144 |
| Pocono - Sturbridge Village | $1,144 |
| Monacan Hills | $1,144 |
| Mayfair Estates | $1,144 |
| Loch Braemar | $1,144 |
| Lake Crystal Farms | $1,144 |
| Hylton Park | $1,144 |
| Gatewood - Winters Hill Place | $1,144 |
| Forest Acres - Kingswood | $1,144 |
| Fernbrook | $1,144 |
| Falling Creek Farms | $1,144 |
| Eaglewood - Beechwood Farm | $1,144 |
| Chestnut Hills | $1,144 |
| Brookfield | $1,144 |
| Briarcuff - Heatheridge | $1,144 |
| Brandywine Forest | $1,144 |
| Brandon | $1,144 |
| Bexley | $1,144 |
| Arrowhead | $1,144 |
| Archway | $1,144 |
| Archbrooke | $1,144 |
| Amberleigh | $1,144 |
| Brynmore - Inge Woods Acres | $1,153 |
| Scottingham | $1,235 |
| Windsor Farms | $1,239 |
| Stadium | $1,239 |
| Museum District | $1,239 |
| Malvern Gardens | $1,239 |
| Carytown | $1,239 |
| Carillon | $1,239 |
| The Diamond | $1,252 |
| Woodmont | $1,259 |
| Winterbrooke | $1,259 |
| Weston - Dwayne Park | $1,259 |
| Three Pines - Providence Pines | $1,259 |
| Surreywood - Stone Mill | $1,259 |
| Summit Acres | $1,259 |
| Southampton Acres - Highland Hills | $1,259 |
| Southam - Lindell Estates | $1,259 |
| Settlers Landing | $1,259 |
| Longwood Acres - Bedford | $1,259 |
| Huguenot | $1,259 |
| Heritage Commons - Country Place | $1,259 |
| Greenfield | $1,259 |
| Foxberry | $1,259 |
| Forestdale - Pocoshock Hills | $1,259 |
| Edgehill | $1,259 |
| Creekwood | $1,259 |
| Chatham - Sunset Hills | $1,259 |
| Cambridge - Scottmar | $1,259 |
| Buford Oaks - Spring Grove | $1,259 |
| Brookwood | $1,259 |
| Brighton Green | $1,259 |
| Bon Air Terrace | $1,259 |
| Bon Air Manor | $1,259 |
| Bon Air Center | $1,259 |
| Belvedere - Ballard Oaks | $1,259 |
| Belmont Hills | $1,259 |
| Wilton | $1,273 |
| Mary Munford | $1,273 |
| Colonial Place | $1,273 |
| Stony Point | $1,276 |
| Southampton | $1,276 |
| Chamberlayne Industrial Center | $1,281 |
| Willow Lawn | $1,334 |
| Westwood Terrace | $1,334 |
| Westwood Manor | $1,334 |
| Westwood | $1,334 |
| Westview | $1,334 |
| Westlyn Court | $1,334 |
| Westhaven | $1,334 |
| Westhampton | $1,334 |
| University of Richmond | $1,334 |
| Three Chopt | $1,334 |
| Stonewall Court | $1,334 |
| Pine Ridge | $1,334 |
| Pine Acres | $1,334 |
| Monument Hills | $1,334 |
| Glen Forest | $1,334 |
| Fort Hill | $1,334 |
| Duntreath | $1,334 |
| Country Club of Virginia | $1,334 |
| Chatham Hills | $1,334 |
| Buckingham Park | $1,334 |
| Berkshire Park | $1,334 |
| Berkeley Park | $1,334 |
| Belle Air | $1,334 |
| Byrd Park | $1,340 |
| Virginia Union | $1,372 |
| VCU | $1,372 |
| The Fan | $1,372 |
| Randolph | $1,372 |
| Oregon Hill | $1,372 |
| Newtowne West | $1,372 |
| Maymont Park | $1,372 |
| Maymont | $1,372 |
| Hollywood Cemetery | $1,372 |
| Carver | $1,372 |
| Museums | $1,386 |
| Shenandoah Place | $1,396 |
| North Willow Lawn | $1,396 |
| Monumental Floral Gardens | $1,396 |
| Crestview | $1,396 |
| Monroe Ward | $1,400 |
| Jackson Ward | $1,400 |
| Gilpin | $1,400 |
| Westmont - Pine View | $1,420 |
| Westbourne | $1,420 |
| Still Meadow | $1,420 |
| Scott's Addition | $1,420 |
| Sauer's Gardens | $1,420 |
| Rosemont | $1,420 |
| Monument Heights | $1,420 |
| Monument Avenue Park | $1,420 |
| Mayfield - Broad Street Village | $1,420 |
| Lake View Manor | $1,420 |
| Kildare | $1,420 |
| Hickory Knoll | $1,420 |
| Greendale Manor | $1,420 |
| Dickensdale | $1,420 |
| Dickens Glen | $1,420 |
| Dabney Center | $1,420 |
| Brittons Hill | $1,420 |
| Shockoe Slip | $1,470 |
| Richmond City Center | $1,470 |
| Gambles Hill | $1,470 |
| Central Office | $1,470 |
| Capitol District | $1,470 |
| Biotech and MCV District | $1,470 |
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The most affordable neighborhoods in Richmond are Austin Heights, where the average rent goes for $791/month, Austin Park, where renters pay $791/mo on average, and Brookland Park, where the average rent goes for $791/mo. If you’re looking for other great deals, check out the listings from Chatham Place ($791), Cloverland ($791), and Confederate Heights ($791), where the asking prices are below the average Richmond rent of $1,110/mo.
The most expensive neighborhoods in Richmond are Gambles Hill ($1,470), Richmond City Center ($1,470) and Shockoe Slip ($1,470).
The most popular neighborhood in Richmond is Shockoe Bottom, where there are 12 verified RENTCafé listings with an average rent of $1,060. Next up is Richmond City Center, where apartments go for $1,470/month, followed by The Fan with $1,372 If you’re looking to rent in Richmond’s most popular neighborhoods, make sure to also check out Museum District, where renters pay $1,239 on average, and Manchester, where the average monthly rent is $960.
Richmond | Rent Comparison by Neighborhood
Rent in Afton is 2% higher than in Afton
$1,010
Afton rent is 9% lower than Richmond average
| Average Rent | $1,010 |
|---|
$991
Afton rent is 11% lower than Richmond average
| Average Rent | $991 |
|---|
How Richmond Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Richmond | $1,110 | 2% |
| Arlington | $2,230 | 4% |
| Alexandria | $1,771 | 4% |
| Newport News | $979 | 3% |
| Virginia Beach | $1,215 | 3% |
| Norfolk | $1,076 | 1% |
| Henrico | $1,132 | 3% |
| Petersburg | $1,017 | 6% |
| Midlothian | $1,253 | n/a |
| Glen Allen | $1,339 | 5% |
| Bel Air | $1,235 | 3% |
For more information about the Richmond rental trends, check out our monthly rent report
Check out Virginia Cities, Virginia Neighborhoods and Virginia Zip Codes for more details on verified listings, including the Virginia Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!
Cheapest Listings on RENTCafé
Mid-priced Listings on RENTCafé
Most Expensive Listings on RENTCafé
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Richmond apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.