Richmond, VA Rental Market Trends
Highlights
The average rent for an apartment in Richmond is $1,115, a 4% increase compared to the previous year.
Average Rent in Richmond, VA
Last updated October 2019
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,115 | 4% | 868 sq. ft. |
The average size for a Richmond, VA apartment is 868 square feet, but this number varies greatly depending on apartment type. 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-$7003%
- $701-$1,00038%
- $1,001-$1,50050%
- $1,501-$2,0008%
- > $2,0001%
Richmond, VA Occupied Housing Units
- Renter-occupied Households54%
- Owner-occupied Households45%
48,871 or 54% of the households in Richmond, VA are renter-occupied while 40,367 or 45% 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 | Oct / 2019 |
|---|---|---|---|---|---|---|---|---|---|---|
| Richmond, VA | $974 | $975 | $1,004 | $1,016 | $1,025 | $1,065 | $1,067 | $1,083 | $1,109 | $1,115 |
| National | $1,353 | $1,349 | $1,381 | $1,383 | $1,386 | $1,421 | $1,430 | $1,434 | $1,470 | $1,476 |
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Average Rent in Richmond, VA By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Wilhaven | $789 |
| Washington Park | $789 |
| Tazewell Place | $789 |
| Sunny Side Hills | $789 |
| Stratford Village | $789 |
| Springdale | $789 |
| Southern Barton Heights | $789 |
| Ravenswood Farm | $789 |
| Providence Park | $789 |
| Pleasant View | $789 |
| Pemberton Place - Ratcliffe | $789 |
| Olney Park | $789 |
| Northern Barton Heights | $789 |
| North Highland Park | $789 |
| New Providence Park - Laburnum Grove | $789 |
| Lynn Grove | $789 |
| Highland Terrace | $789 |
| Highland Park Southern Tip | $789 |
| Highland Park | $789 |
| Highland Gardens | $789 |
| Henrico Heights | $789 |
| Green Park | $789 |
| Grayson Park | $789 |
| Ginter Park Terrace | $789 |
| Fayette Park | $789 |
| Fairfield Gardens | $789 |
| Edgewood | $789 |
| Delmont Park | $789 |
| Confederate Heights | $789 |
| Cloverland | $789 |
| Chatham Place | $789 |
| Brookland Park | $789 |
| Austin Park | $789 |
| Austin Heights | $789 |
| Ginter Park | $919 |
| Wilkinson Estates | $953 |
| Wildwood | $953 |
| Village of Azalea | $953 |
| Vaughan Heights | $953 |
| Three Fountains North | $953 |
| The Oaks | $953 |
| Stukeley Hall Farms | $953 |
| Stuart Ridge | $953 |
| Sterling Forest | $953 |
| Sherwood Park | $953 |
| Rosedale | $953 |
| Rolling Hills | $953 |
| Pine Camp | $953 |
| Overbrook Park | $953 |
| Northfield | $953 |
| Meadowood | $953 |
| Lakeside Terrace | $953 |
| Lake Ridge | $953 |
| Lake Colony | $953 |
| Laburnum Park | $953 |
| Knightsbridge | $953 |
| John Marshall | $953 |
| Jefferson Gardens | $953 |
| Huntington Place | $953 |
| Crosspoint Fairway Homes | $953 |
| Club Court | $953 |
| Chipplegate | $953 |
| Chickahominy Bluffs | $953 |
| Cherokee Place | $953 |
| Chamberlayne Hills | $953 |
| Chamberlayne Heights | $953 |
| Chamberlayne Farms | $953 |
| Chamberlayne Estates | $953 |
| Bryan Park | $953 |
| Brookside Gardens | $953 |
| Brook Hill Heights | $953 |
| Bellevue | $953 |
| Azalea Court | $953 |
| Ashbury at Stoneleigh | $953 |
| Afton | $953 |
| Salem Woods | $964 |
| Robinwood | $964 |
| Rayon Park - Patterson Park | $964 |
| Oakmont - Tremont | $964 |
| Lost Forest | $964 |
| Kingsland Woods | $964 |
| Kingsland Acres | $964 |
| Kimberly Acres | $964 |
| Kendale Acres | $964 |
| Indian Springs - Camelot Forest | $964 |
| Hunting Creek Hills | $964 |
| Hollymeade | $964 |
| Faqua Farms - Silver Leaf | $964 |
| Courthouse Green | $964 |
| Chesswood - Centralia Gardens | $964 |
| Central Park - Crescent Park | $964 |
| Brentwood - Bendahl Valley | $964 |
| Ashton Woods North | $964 |
| Afton | $964 |
| Woodhaven | $966 |
| Swansboro West | $966 |
| Stevens Hollow - Newberry Towne | $966 |
| Southwood | $966 |
| South Garden | $966 |
| Piney Knolls | $966 |
| Old Town Manchester | $966 |
| Oak Grove | $966 |
| McGuire Veterans Hospital | $966 |
| McGuire Manor | $966 |
| McGuire | $966 |
| Maury | $966 |
| Marlboro | $966 |
| Manchester | $966 |
| Hillside Court | $966 |
| Fawnbrook | $966 |
| Cofer | $966 |
| Broad Rock Sports Complex | $966 |
| Broad Rock | $966 |
| Blackwell | $966 |
| Belt Center | $966 |
| Bellemeade | $966 |
| Ancarows Landing | $966 |
| Windsor | $982 |
| Hickory Hill | $982 |
| Broad Rock Industrial Park | $982 |
| Belmont Woods | $982 |
| Willowhurst | $997 |
| Orchard Hill | $997 |
| Meadowdale | $997 |
| Falling Creek Villa - Sherbourne Heights | $997 |
| Swanson | $1,002 |
| Swansboro | $1,002 |
| Northrop | $1,002 |
| Midlothian | $1,002 |
| Elkhardt | $1,002 |
| Wilkinson Terrace | $1,005 |
| Watch Run | $1,005 |
| Walmsley | $1,005 |
| Trampling Farms - Gravelbrook Farms | $1,005 |
| Shady Creek | $1,005 |
| Rockspring Farms | $1,005 |
| Parnell Industrial Area | $1,005 |
| Old Coach Hills - Fair Pines | $1,005 |
| Meadowbrook Farm - Jessup Meadows | $1,005 |
| Meadow Oaks - Meadowbrook Manor | $1,005 |
| Mason Woods - Beulah Oaks | $1,005 |
| Land-O-Pines | $1,005 |
| Kingsland Glen - Kings Forest | $1,005 |
| Kings Grove | $1,005 |
| Jeff Davis | $1,005 |
| Irongate - Stone Bridge | $1,005 |
| Hening Heights | $1,005 |
| Garland Heights | $1,005 |
| Falling Creek Court | $1,005 |
| Dupont Gardens | $1,005 |
| Downtown Meadowbrook | $1,005 |
| Deerbourne | $1,005 |
| Davee Gardens | $1,005 |
| Cullenwood | $1,005 |
| Cottrell Farms | $1,005 |
| Commerce Road Industrial Area | $1,005 |
| Cherry Gardens | $1,005 |
| Brookbury | $1,005 |
| British Camp Farms | $1,005 |
| Braxton - Meadow Ridge | $1,005 |
| Berwick Village | $1,005 |
| Belfair - Lantern Ridge | $1,005 |
| Beechwood | $1,005 |
| Belmont Acres | $1,022 |
| Worthington | $1,024 |
| Woodland Heights | $1,024 |
| Willow Oaks | $1,024 |
| Westover Hills West | $1,024 |
| Westover Hills | $1,024 |
| Westover | $1,024 |
| Westlake Hills | $1,024 |
| Warwick | $1,024 |
| Southaven - Anderson Forge | $1,024 |
| Reedy Creek | $1,024 |
| Powhite Park | $1,024 |
| Pocoshock | $1,024 |
| Jahnke | $1,024 |
| Hioaks | $1,024 |
| Gravel Hill | $1,024 |
| Forest View | $1,024 |
| Forest Hill Terrace | $1,024 |
| Forest Hill Park | $1,024 |
| Forest Hill | $1,024 |
| Chippenham Forest | $1,024 |
| Cedarhurst | $1,024 |
| Beaufont | $1,024 |
| Belle and Mayo Islands | $1,049 |
| Stratford Hills | $1,071 |
| Rock Creek Park | $1,071 |
| Providence Green | $1,071 |
| Oxford | $1,071 |
| Crestwood Farms | $1,071 |
| Magnolia Industrial Center | $1,074 |
| Brentwood | $1,074 |
| Wynfield | $1,110 |
| Woodville | $1,110 |
| Windsor Place | $1,110 |
| Wilton Place | $1,110 |
| Whitcomb | $1,110 |
| Westover Pines Townhouses | $1,110 |
| Union Hill | $1,110 |
| Tiffany Meadows | $1,110 |
| Stony Run Estates | $1,110 |
| Stoney Creek | $1,110 |
| Shreveport Park | $1,110 |
| Shockoe Bottom | $1,110 |
| Sebree's Addition | $1,110 |
| Roosevelt Park | $1,110 |
| Robin Park | $1,110 |
| River Bluffs | $1,110 |
| Peter Paul | $1,110 |
| Pemberton Place | $1,110 |
| Oxford Court | $1,110 |
| Orchard Glen | $1,110 |
| Oakwood Cemetery | $1,110 |
| Oakwood | $1,110 |
| Oakleys Chase | $1,110 |
| Oakley Meadows | $1,110 |
| Oak Hill Manor | $1,110 |
| Oak Hill | $1,110 |
| Oak Glen | $1,110 |
| Mosby | $1,110 |
| Montezuma Gardens | $1,110 |
| Montezuma Farms | $1,110 |
| Mitcheltree | $1,110 |
| Meadowview Park | $1,110 |
| Mayfair Place | $1,110 |
| Martin's Manor | $1,110 |
| Maplewood Farms | $1,110 |
| Maplewood Farm | $1,110 |
| Kingsridge | $1,110 |
| Kensington Meadows | $1,110 |
| Huntwood | $1,110 |
| Hunters Mill Townhouses | $1,110 |
| Hollybrook Townhouses | $1,110 |
| Hillcrest Farms | $1,110 |
| Hechler Village | $1,110 |
| Hawkes Plan - Highland Meadow | $1,110 |
| Harvie Court | $1,110 |
| Harvest Crest | $1,110 |
| Hallwood Farm | $1,110 |
| Glenwood Lakes | $1,110 |
| Glenwood Heights | $1,110 |
| Glenwood Gardens | $1,110 |
| Glenwood Farm | $1,110 |
| Glen Manor | $1,110 |
| Glen Echo Park | $1,110 |
| Foxhill | $1,110 |
| Fordham Village | $1,110 |
| Federal Place | $1,110 |
| Fairmount | $1,110 |
| Fairfield Woods | $1,110 |
| Fairfield | $1,110 |
| Eaves Heights | $1,110 |
| Eastview | $1,110 |
| Dominion Townes | $1,110 |
| Creighton | $1,110 |
| Cool Lane Court - Mechanicsville Gardens | $1,110 |
| Clarendon Woods | $1,110 |
| Clarendon Farms | $1,110 |
| Clarendon - Aldersgate | $1,110 |
| Church Hill North | $1,110 |
| Church Hill | $1,110 |
| Chimborazo | $1,110 |
| Central Gardens | $1,110 |
| Cedar Run | $1,110 |
| Cedar Fork Estates | $1,110 |
| Bungalow City | $1,110 |
| Brauers | $1,110 |
| Beth Dale - Autum Chase | $1,110 |
| Beechwood Park | $1,110 |
| Avalon - Hill Valley | $1,110 |
| Brynmore - Inge Woods Acres | $1,114 |
| Whitestone | $1,159 |
| Wedgewood | $1,159 |
| Stonehenge - Ashley Woods | $1,159 |
| Spring Hill - Wagstaff Circle | $1,159 |
| Southport | $1,159 |
| Solar | $1,159 |
| Smoketree | $1,159 |
| Shenandoah Hills - Reams Run | $1,159 |
| Providence Creek | $1,159 |
| Providence | $1,159 |
| Pocono - Sturbridge Village | $1,159 |
| Monacan Hills | $1,159 |
| Mayfair Estates | $1,159 |
| Loch Braemar | $1,159 |
| Lake Crystal Farms | $1,159 |
| Hylton Park | $1,159 |
| Gatewood - Winters Hill Place | $1,159 |
| Forest Acres - Kingswood | $1,159 |
| Fernbrook | $1,159 |
| Falling Creek Farms | $1,159 |
| Eaglewood - Beechwood Farm | $1,159 |
| Chestnut Hills | $1,159 |
| Brookfield | $1,159 |
| Briarcuff - Heatheridge | $1,159 |
| Brandywine Forest | $1,159 |
| Brandon | $1,159 |
| Bexley | $1,159 |
| Arrowhead | $1,159 |
| Archway | $1,159 |
| Archbrooke | $1,159 |
| Amberleigh | $1,159 |
| Upper Shockoe Valley | $1,193 |
| The Diamond | $1,236 |
| Scottingham | $1,243 |
| Woodmont | $1,265 |
| Winterbrooke | $1,265 |
| Weston - Dwayne Park | $1,265 |
| Three Pines - Providence Pines | $1,265 |
| Surreywood - Stone Mill | $1,265 |
| Summit Acres | $1,265 |
| Southampton Acres - Highland Hills | $1,265 |
| Southam - Lindell Estates | $1,265 |
| Settlers Landing | $1,265 |
| Longwood Acres - Bedford | $1,265 |
| Huguenot | $1,265 |
| Heritage Commons - Country Place | $1,265 |
| Greenfield | $1,265 |
| Foxberry | $1,265 |
| Forestdale - Pocoshock Hills | $1,265 |
| Edgehill | $1,265 |
| Creekwood | $1,265 |
| Chatham - Sunset Hills | $1,265 |
| Cambridge - Scottmar | $1,265 |
| Buford Oaks - Spring Grove | $1,265 |
| Brookwood | $1,265 |
| Brighton Green | $1,265 |
| Bon Air Terrace | $1,265 |
| Bon Air Manor | $1,265 |
| Bon Air Center | $1,265 |
| Belvedere - Ballard Oaks | $1,265 |
| Belmont Hills | $1,265 |
| Windsor Farms | $1,266 |
| Stadium | $1,266 |
| Museum District | $1,266 |
| Malvern Gardens | $1,266 |
| Carytown | $1,266 |
| Carillon | $1,266 |
| Chamberlayne Industrial Center | $1,282 |
| Stony Point | $1,282 |
| Southampton | $1,282 |
| Wilton | $1,292 |
| Mary Munford | $1,292 |
| Colonial Place | $1,292 |
| Willow Lawn | $1,339 |
| Westwood Terrace | $1,339 |
| Westwood Manor | $1,339 |
| Westwood | $1,339 |
| Westview | $1,339 |
| Westlyn Court | $1,339 |
| Westhaven | $1,339 |
| Westhampton | $1,339 |
| University of Richmond | $1,339 |
| Three Chopt | $1,339 |
| Stonewall Court | $1,339 |
| Pine Ridge | $1,339 |
| Pine Acres | $1,339 |
| Monument Hills | $1,339 |
| Glen Forest | $1,339 |
| Fort Hill | $1,339 |
| Duntreath | $1,339 |
| Country Club of Virginia | $1,339 |
| Chatham Hills | $1,339 |
| Buckingham Park | $1,339 |
| Berkshire Park | $1,339 |
| Berkeley Park | $1,339 |
| Belle Air | $1,339 |
| Byrd Park | $1,350 |
| Virginia Union | $1,378 |
| VCU | $1,378 |
| The Fan | $1,378 |
| Randolph | $1,378 |
| Oregon Hill | $1,378 |
| Newtowne West | $1,378 |
| Maymont Park | $1,378 |
| Maymont | $1,378 |
| Hollywood Cemetery | $1,378 |
| Carver | $1,378 |
| Museums | $1,391 |
| Shenandoah Place | $1,398 |
| North Willow Lawn | $1,398 |
| Monumental Floral Gardens | $1,398 |
| Crestview | $1,398 |
| Monroe Ward | $1,416 |
| Jackson Ward | $1,416 |
| Gilpin | $1,416 |
| Westmont - Pine View | $1,427 |
| Westbourne | $1,427 |
| Still Meadow | $1,427 |
| Scott's Addition | $1,427 |
| Sauer's Gardens | $1,427 |
| Rosemont | $1,427 |
| Monument Heights | $1,427 |
| Monument Avenue Park | $1,427 |
| Mayfield - Broad Street Village | $1,427 |
| Lake View Manor | $1,427 |
| Kildare | $1,427 |
| Hickory Knoll | $1,427 |
| Greendale Manor | $1,427 |
| Dickensdale | $1,427 |
| Dickens Glen | $1,427 |
| Dabney Center | $1,427 |
| Brittons Hill | $1,427 |
| Shockoe Slip | $1,510 |
| Richmond City Center | $1,510 |
| Gambles Hill | $1,510 |
| Central Office | $1,510 |
| Capitol District | $1,510 |
| Biotech and MCV District | $1,510 |
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The most affordable neighborhoods in Richmond are Austin Heights, where the average rent goes for $789/month, Austin Park, where renters pay $789/mo on average, and Brookland Park, where the average rent goes for $789/mo. If you’re looking for other great deals, check out the listings from Chatham Place ($789), Cloverland ($789), and Confederate Heights ($789), where the asking prices are below the average Richmond rent of $1,115/mo.
The most expensive neighborhoods in Richmond are Gambles Hill ($1,510), Richmond City Center ($1,510) and Shockoe Slip ($1,510).
Richmond | Rent Comparison by Neighborhood
Rent in Afton is 1% higher than in Afton
$964
Afton rent is 14% lower than Richmond average
| Average Rent | $964 |
|---|
$953
Afton rent is 15% lower than Richmond average
| Average Rent | $953 |
|---|
How Does Richmond Compare to Nearby Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Richmond | $1,115 | 4% |
| Virginia Beach | $1,217 | 3% |
| Hampton | $1,058 | 5% |
| Chesapeake | $1,241 | 3% |
| Suffolk | $1,251 | 3% |
| Williamsburg City | $1,142 | 8% |
For more information about the Richmond rental trends, check out our monthly rent report
Cheapest Listings on RENTCafé
- Monarch Woods
- Village South Townhomes
- Marshall Park Townhomes
- City View Place
- Crystal Lakes
- 11 North at White Oak
- Jefferson Townhouses
- Terraces at Bellevue
- 2000 Riverside Apartments
- Aden Park Townhomes
- South Pointe Landing
- The Crossings at Bramblewood
- RICHFIELD PLACE APARTMENTS
- Abbington Hills
- The Edison Apartments
- Tuscany Townhomes
- Winchester Greens
- Rollingwood Apartments
- The Hudson
- Ashley Park
Mid-priced Listings on RENTCafé
- Summit at Bon Air Apartments
- Seventeenth Street Lofts
- Morton Apartments
- City Hardware Lofts
- The Mezzo Lofts
- Perry Place
- The Village at Horsepen
- Reserve South
- Tobacco Landing
- Birchwood At Boulders Apartments
- Atrium Lofts at Cold Storage
- Shockoe Valley View Apartments
- The Penny at Jackson Ward
- Lofts at Shiplock Watch
- Hardwicke House
- Penstock Quarter Apartments
- The Timbers
- Kensington Court
- Exchange Place
- Cobblestone Commons
Most Expensive Listings on RENTCafé
- Scott's View
- Link Apartments® Manchester
- Malvern Manor Apartments
- Matrix Midtown
- 8th & Main
- Miller and Rhoads Residences
- District Square Apartments
- 905 Roseneath Road
- Broadway Apartments
- Overview
- The Cooperage
- First National Apartments
- Grace & Monroe Apartments
- 3014 Letcher Avenue
- Cary Street Station
- The Estates at Horsepen
- 2156 Elkridge Lane
- 2119 Mimosa Street
- 5205 Orcutt Lane
- Garber Gables at Franklin Place
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 ~90% of the U.S. metro area population, including ~17 million apartments across more than 130 U.S. markets.