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
What is the average rent in Richmond?
The average rent for an apartment in Richmond is $1,384. The cost of rent varies depending on several factors, including location, size, and quality.
Average Rent in Richmond, VA
Last updated February 2022
| Average Rent | Average Apartment Size |
|---|---|
| $1,384 | 862 sq. ft. |
What is the average apartment size in Richmond?
The average size for a Richmond, VA apartment is 862 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
Richmond, VA Occupied Housing Units
50,773 or 55% of the households in Richmond, VA are renter-occupied while 40,232 or 44% are owner-occupied.
Richmond, VA Rent Trends
| Average Rent | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | Jul / 2021 | Nov / 2021 | Feb / 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Richmond, VA | $1,067 | $1,083 | $1,109 | $1,118 | $1,116 | $1,139 | $1,190 | $1,203 | $1,301 | $1,328 | $1,384 |
| National | $1,362 | $1,367 | $1,399 | $1,407 | $1,409 | $1,399 | $1,403 | $1,412 | $1,495 | $1,591 | $1,628 |
Average Rent in Richmond, VA By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Belle Air | $1,663 |
| Berkeley Park | $1,663 |
| Berkshire Park | $1,663 |
| Buckingham Park | $1,663 |
| Chatham Hills | $1,663 |
| Country Club of Virginia | $1,663 |
| Duntreath | $1,663 |
| Fort Hill | $1,663 |
| Glen Forest | $1,663 |
| Monument Hills | $1,663 |
| Pine Acres | $1,663 |
| Pine Ridge | $1,663 |
| Stonewall Court | $1,663 |
| Three Chopt | $1,663 |
| University of Richmond | $1,663 |
| Westhampton | $1,663 |
| Westhaven | $1,663 |
| Westlyn Court | $1,663 |
| Westview | $1,663 |
| Westwood | $1,663 |
| Westwood Manor | $1,663 |
| Westwood Terrace | $1,663 |
| Willow Lawn | $1,663 |
| Crestview | $1,647 |
| Monumental Floral Gardens | $1,647 |
| North Willow Lawn | $1,647 |
| Shenandoah Place | $1,647 |
| Brittons Hill | $1,642 |
| Dabney Center | $1,642 |
| Dickens Glen | $1,642 |
| Dickensdale | $1,642 |
| Greendale Manor | $1,642 |
| Hickory Knoll | $1,642 |
| Kildare | $1,642 |
| Lake View Manor | $1,642 |
| Mayfield - Broad Street Village | $1,642 |
| Monument Avenue Park | $1,642 |
| Monument Heights | $1,642 |
| Rosemont | $1,642 |
| Sauer's Gardens | $1,642 |
| Scott's Addition | $1,642 |
| Still Meadow | $1,642 |
| Westbourne | $1,642 |
| Westmont - Pine View | $1,642 |
| Biotech and MCV District | $1,622 |
| Capitol District | $1,622 |
| Central Office | $1,622 |
| Gambles Hill | $1,622 |
| Richmond City Center | $1,622 |
| Shockoe Slip | $1,622 |
| Museums | $1,579 |
| Gilpin | $1,569 |
| Jackson Ward | $1,569 |
| Monroe Ward | $1,569 |
| Southampton | $1,565 |
| Stony Point | $1,565 |
| Carver | $1,544 |
| Hollywood Cemetery | $1,544 |
| Maymont | $1,544 |
| Maymont Park | $1,544 |
| Newtowne West | $1,544 |
| Oregon Hill | $1,544 |
| Randolph | $1,544 |
| The Fan | $1,544 |
| VCU | $1,544 |
| Virginia Union | $1,544 |
| Belmont Hills | $1,540 |
| Belvedere - Ballard Oaks | $1,540 |
| Bon Air Center | $1,540 |
| Bon Air Manor | $1,540 |
| Bon Air Terrace | $1,540 |
| Brighton Green | $1,540 |
| Brookwood | $1,540 |
| Buford Oaks - Spring Grove | $1,540 |
| Cambridge - Scottmar | $1,540 |
| Chatham - Sunset Hills | $1,540 |
| Creekwood | $1,540 |
| Edgehill | $1,540 |
| Forestdale - Pocoshock Hills | $1,540 |
| Foxberry | $1,540 |
| Greenfield | $1,540 |
| Heritage Commons - Country Place | $1,540 |
| Huguenot | $1,540 |
| Longwood Acres - Bedford | $1,540 |
| Settlers Landing | $1,540 |
| Southam - Lindell Estates | $1,540 |
| Southampton Acres - Highland Hills | $1,540 |
| Summit Acres | $1,540 |
| Surreywood - Stone Mill | $1,540 |
| Three Pines - Providence Pines | $1,540 |
| Weston - Dwayne Park | $1,540 |
| Winterbrooke | $1,540 |
| Woodmont | $1,540 |
| Colonial Place | $1,530 |
| Mary Munford | $1,530 |
| Wilton | $1,530 |
| Byrd Park | $1,524 |
| Scottingham | $1,508 |
| The Diamond | $1,484 |
| Carillon | $1,457 |
| Carytown | $1,457 |
| Malvern Gardens | $1,457 |
| Museum District | $1,457 |
| Stadium | $1,457 |
| Windsor Farms | $1,457 |
| Chamberlayne Industrial Center | $1,445 |
| Upper Shockoe Valley | $1,398 |
| Crestwood Farms | $1,379 |
| Oxford | $1,379 |
| Providence Green | $1,379 |
| Rock Creek Park | $1,379 |
| Stratford Hills | $1,379 |
| Amberleigh | $1,369 |
| Archbrooke | $1,369 |
| Archway | $1,369 |
| Arrowhead | $1,369 |
| Bexley | $1,369 |
| Brandon | $1,369 |
| Brandywine Forest | $1,369 |
| Briarcuff - Heatheridge | $1,369 |
| Brookfield | $1,369 |
| Chestnut Hills | $1,369 |
| Eaglewood - Beechwood Farm | $1,369 |
| Falling Creek Farms | $1,369 |
| Fernbrook | $1,369 |
| Forest Acres - Kingswood | $1,369 |
| Gatewood - Winters Hill Place | $1,369 |
| Hylton Park | $1,369 |
| Lake Crystal Farms | $1,369 |
| Loch Braemar | $1,369 |
| Mayfair Estates | $1,369 |
| Monacan Hills | $1,369 |
| Pocono - Sturbridge Village | $1,369 |
| Providence | $1,369 |
| Providence Creek | $1,369 |
| Shenandoah Hills - Reams Run | $1,369 |
| Smoketree | $1,369 |
| Solar | $1,369 |
| Southport | $1,369 |
| Spring Hill - Wagstaff Circle | $1,369 |
| Stonehenge - Ashley Woods | $1,369 |
| Wedgewood | $1,369 |
| Whitestone | $1,369 |
| Beaufont | $1,337 |
| Cedarhurst | $1,337 |
| Chippenham Forest | $1,337 |
| Forest Hill | $1,337 |
| Forest Hill Park | $1,337 |
| Forest Hill Terrace | $1,337 |
| Forest View | $1,337 |
| Gravel Hill | $1,337 |
| Hioaks | $1,337 |
| Jahnke | $1,337 |
| Pocoshock | $1,337 |
| Powhite Park | $1,337 |
| Reedy Creek | $1,337 |
| Southaven - Anderson Forge | $1,337 |
| Warwick | $1,337 |
| Westlake Hills | $1,337 |
| Westover | $1,337 |
| Westover Hills | $1,337 |
| Westover Hills West | $1,337 |
| Willow Oaks | $1,337 |
| Woodland Heights | $1,337 |
| Worthington | $1,337 |
| Avalon - Hill Valley | $1,333 |
| Beechwood Park | $1,333 |
| Beth Dale - Autumn Chase | $1,333 |
| Brauers | $1,333 |
| Bungalow City | $1,333 |
| Cedar Fork Estates | $1,333 |
| Cedar Run | $1,333 |
| Central Gardens | $1,333 |
| Chimborazo | $1,333 |
| Church Hill | $1,333 |
| Church Hill North | $1,333 |
| Clarendon - Aldersgate | $1,333 |
| Clarendon Farms | $1,333 |
| Clarendon Woods | $1,333 |
| Cool Lane Court - Mechanicsville Gardens | $1,333 |
| Creighton | $1,333 |
| Dominion Townes | $1,333 |
| Eastview | $1,333 |
| Eaves Heights | $1,333 |
| Fairfield | $1,333 |
| Fairfield Woods | $1,333 |
| Fairmount | $1,333 |
| Federal Place | $1,333 |
| Fordham Village | $1,333 |
| Foxhill | $1,333 |
| Glen Echo Park | $1,333 |
| Glen Manor | $1,333 |
| Glenwood Farm | $1,333 |
| Glenwood Gardens | $1,333 |
| Glenwood Heights | $1,333 |
| Glenwood Lakes | $1,333 |
| Hallwood Farm | $1,333 |
| Harvest Crest | $1,333 |
| Harvie Court | $1,333 |
| Hawkes Plan - Highland Meadow | $1,333 |
| Hechler Village | $1,333 |
| Hillcrest Farms | $1,333 |
| Hollybrook Townhouses | $1,333 |
| Hunters Mill Townhouses | $1,333 |
| Huntwood | $1,333 |
| Kensington Meadows | $1,333 |
| Kingsridge | $1,333 |
| Maplewood Farm | $1,333 |
| Maplewood Farms | $1,333 |
| Martin's Manor | $1,333 |
| Mayfair Place | $1,333 |
| Meadowview Park | $1,333 |
| Mitcheltree | $1,333 |
| Montezuma Farms | $1,333 |
| Montezuma Gardens | $1,333 |
| Mosby | $1,333 |
| Oak Glen | $1,333 |
| Oak Hill | $1,333 |
| Oak Hill Manor | $1,333 |
| Oakley Meadows | $1,333 |
| Oakleys Chase | $1,333 |
| Oakwood | $1,333 |
| Oakwood Cemetery | $1,333 |
| Orchard Glen | $1,333 |
| Oxford Court | $1,333 |
| Pemberton Place | $1,333 |
| Peter Paul | $1,333 |
| River Bluffs | $1,333 |
| Robin Park | $1,333 |
| Roosevelt Park | $1,333 |
| Sebree's Addition | $1,333 |
| Shockoe Bottom | $1,333 |
| Shreveport Park | $1,333 |
| Stoney Creek | $1,333 |
| Stony Run Estates | $1,333 |
| Tiffany Meadows | $1,333 |
| Union Hill | $1,333 |
| Westover Pines Townhouses | $1,333 |
| Whitcomb | $1,333 |
| Wilton Place | $1,333 |
| Windsor Place | $1,333 |
| Woodville | $1,333 |
| Wynfield | $1,333 |
| Belle and Mayo Islands | $1,298 |
| Brentwood | $1,289 |
| Magnolia Industrial Center | $1,289 |
| Afton | $1,278 |
| Ashbury at Stoneleigh | $1,278 |
| Azalea Court | $1,278 |
| Bellevue | $1,278 |
| Brook Hill Heights | $1,278 |
| Brookside Gardens | $1,278 |
| Bryan Park | $1,278 |
| Chamberlayne Estates | $1,278 |
| Chamberlayne Farms | $1,278 |
| Chamberlayne Heights | $1,278 |
| Chamberlayne Hills | $1,278 |
| Cherokee Place | $1,278 |
| Chickahominy Bluffs | $1,278 |
| Chipplegate | $1,278 |
| Club Court | $1,278 |
| Crosspoint Fairway Homes | $1,278 |
| Huntington Place | $1,278 |
| Jefferson Gardens | $1,278 |
| John Marshall | $1,278 |
| Knightsbridge | $1,278 |
| Laburnum Park | $1,278 |
| Lake Colony | $1,278 |
| Lake Ridge | $1,278 |
| Lakeside Terrace | $1,278 |
| Meadowood | $1,278 |
| Northfield | $1,278 |
| Overbrook Park | $1,278 |
| Pine Camp | $1,278 |
| Rolling Hills | $1,278 |
| Rosedale | $1,278 |
| Sherwood Park | $1,278 |
| Sterling Forest | $1,278 |
| Stuart Ridge | $1,278 |
| Stukeley Hall Farms | $1,278 |
| The Oaks | $1,278 |
| Three Fountains North | $1,278 |
| Vaughan Heights | $1,278 |
| Village of Azalea | $1,278 |
| Wildwood | $1,278 |
| Wilkinson Estates | $1,278 |
| Elkhardt | $1,261 |
| Midlothian | $1,261 |
| Northrop | $1,261 |
| Swansboro | $1,261 |
| Swanson | $1,261 |
| Beechwood | $1,212 |
| Belfair - Lantern Ridge | $1,212 |
| Belmont Acres | $1,212 |
| Berwick Village | $1,212 |
| Braxton - Meadow Ridge | $1,212 |
| British Camp Farms | $1,212 |
| Brookbury | $1,212 |
| Cherry Gardens | $1,212 |
| Commerce Road Industrial Area | $1,212 |
| Cottrell Farms | $1,212 |
| Cullenwood | $1,212 |
| Davee Gardens | $1,212 |
| Deerbourne | $1,212 |
| Downtown Meadowbrook | $1,212 |
| Dupont Gardens | $1,212 |
| Falling Creek Court | $1,212 |
| Garland Heights | $1,212 |
| Hening Heights | $1,212 |
| Irongate - Stone Bridge | $1,212 |
| Jeff Davis | $1,212 |
| Kings Grove | $1,212 |
| Kingsland Glen - Kings Forest | $1,212 |
| Land-O-Pines | $1,212 |
| Mason Woods - Beulah Oaks | $1,212 |
| Meadow Oaks - Meadowbrook Manor | $1,212 |
| Meadowbrook Farm - Jessup Meadows | $1,212 |
| Old Coach Hills - Fair Pines | $1,212 |
| Parnell Industrial Area | $1,212 |
| Rockspring Farms | $1,212 |
| Shady Creek | $1,212 |
| Trampling Farms - Gravelbrook Farms | $1,212 |
| Walmsley | $1,212 |
| Watch Run | $1,212 |
| Wilkinson Terrace | $1,212 |
| Ginter Park | $1,204 |
| Falling Creek Villa - Sherbourne Heights | $1,197 |
| Meadowdale | $1,197 |
| Orchard Hill | $1,197 |
| Willowhurst | $1,197 |
| Belmont Woods | $1,170 |
| Broad Rock Industrial Park | $1,170 |
| Hickory Hill | $1,170 |
| Windsor | $1,170 |
| Ancarows Landing | $1,142 |
| Bellemeade | $1,142 |
| Belt Center | $1,142 |
| Blackwell | $1,142 |
| Broad Rock | $1,142 |
| Broad Rock Sports Complex | $1,142 |
| Cofer | $1,142 |
| Fawnbrook | $1,142 |
| Hillside Court | $1,142 |
| Manchester | $1,142 |
| Marlboro | $1,142 |
| Maury | $1,142 |
| McGuire | $1,142 |
| McGuire Manor | $1,142 |
| McGuire Veterans Hospital | $1,142 |
| Oak Grove | $1,142 |
| Old Town Manchester | $1,142 |
| Piney Knolls | $1,142 |
| South Garden | $1,142 |
| Southwood | $1,142 |
| Stevens Hollow - Newberry Towne | $1,142 |
| Swansboro West | $1,142 |
| Woodhaven | $1,142 |
| Afton | $1,130 |
| Ashton Woods North | $1,130 |
| Brentwood - Bendahl Valley | $1,130 |
| Brynmore - Inge Woods Acres | $1,130 |
| Central Park - Crescent Park | $1,130 |
| Chesswood - Centralia Gardens | $1,130 |
| Courthouse Green | $1,130 |
| Faqua Farms - Silver Leaf | $1,130 |
| Hollymeade | $1,130 |
| Hunting Creek Hills | $1,130 |
| Indian Springs - Camelot Forest | $1,130 |
| Kendale Acres | $1,130 |
| Kimberly Acres | $1,130 |
| Kingsland Acres | $1,130 |
| Kingsland Woods | $1,130 |
| Lost Forest | $1,130 |
| Oakmont - Tremont | $1,130 |
| Rayon Park - Patterson Park | $1,130 |
| Robinwood | $1,130 |
| Salem Woods | $1,130 |
| Austin Heights | $911 |
| Austin Park | $911 |
| Brookland Park | $911 |
| Chatham Place | $911 |
| Cloverland | $911 |
| Confederate Heights | $911 |
| Delmont Park | $911 |
| Edgewood | $911 |
| Fairfield Gardens | $911 |
| Fayette Park | $911 |
| Ginter Park Terrace | $911 |
| Grayson Park | $911 |
| Green Park | $911 |
| Henrico Heights | $911 |
| Highland Gardens | $911 |
| Highland Park | $911 |
| Highland Park Southern Tip | $911 |
| Highland Terrace | $911 |
| Lynn Grove | $911 |
| New Providence Park - Laburnum Grove | $911 |
| North Highland Park | $911 |
| Northern Barton Heights | $911 |
| Olney Park | $911 |
| Pemberton Place - Ratcliffe | $911 |
| Pleasant View | $911 |
| Providence Park | $911 |
| Ravenswood Farm | $911 |
| Southern Barton Heights | $911 |
| Springdale | $911 |
| Stratford Village | $911 |
| Sunny Side Hills | $911 |
| Tazewell Place | $911 |
| Washington Park | $911 |
| Wilhaven | $911 |
/
/
What are the most affordable neighborhoods in Richmond?
The most affordable neighborhoods in Richmond are Austin Heights, where the average rent goes for $911/month, Austin Park, where renters pay $911/mo on average, and Brookland Park, where the average rent goes for $911/mo. If you’re looking for other great deals, check out the listings from Chatham Place ($911), Cloverland ($911), and Confederate Heights ($911), where the asking prices are below the average Richmond rent of $1,384/mo.
What are the most expensive neighborhoods in Richmond?
The most expensive neighborhoods in Richmond are Westwood Manor ($1,663), Westwood Terrace ($1,663) and Willow Lawn ($1,663).
What are the most popular neighborhoods in Richmond?
The most popular neighborhood in Richmond is The Fan, where there are 14 verified RentCafe listings with an average rent of $1,544. Next up is Shockoe Bottom, where apartments go for $1,333/month, followed by Old Town Manchester with $1,142 If you’re looking to rent in Richmond’s most popular neighborhoods, make sure to also check out Richmond City Center, where renters pay $1,622 on average, and Museum District, where the average monthly rent is $1,457.
Richmond | Rent Comparison by Neighborhood
Rent in Afton is 13% higher than in Afton
$1,278
Afton rent is 8% lower than Richmond average
| Average Rent | $1,278 |
|---|
$1,130
Afton rent is 18% lower than Richmond average
| Average Rent | $1,130 |
|---|
How Richmond Compares to Other Cities
| City | Average Rent |
|---|---|
| Richmond | $1,384 |
| Arlington | $2,337 |
| Alexandria | $1,944 |
| Virginia Beach | $1,492 |
| Henrico | $1,443 |
| Newport News | $1,209 |
| Norfolk | $1,263 |
| Woodbridge | $1,831 |
| Fairfax | $2,064 |
| Falls Church | $1,941 |
| Hampton | $1,331 |
| Fredericksburg | $1,708 |
| Suffolk | $1,471 |
| Midlothian | $1,609 |
| Glen Allen | $1,654 |
| Petersburg | $1,146 |
| Lexington Park | $1,666 |
| Chester | $1,545 |
| Hopewell | $977 |
| Stafford | $1,767 |
| Yorktown | $1,526 |
Most Popular Apartments in Richmond
Wellsmith Apartments
5000 Libbie Mill East Boulevard, Richmond, VA 23230- Studio
- 1 BED
- 2+ BEDS
- $1,430+
- $1,957+
- $2,803+
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.