Jackson Ward, Richmond, VA Rental Market Trends
Last updated: April 23, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Jackson Ward is $1,565, a 1.27% increase compared to the previous year, when the average rent was $1,546.
One-bedroom apartments provide 696 square feet for $1,517, balancing privacy and affordability.
Average rent in Jackson Ward, Richmond, VA
Last updated: April 23, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,565 | 721 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $1,517 | 696 sq. ft. |
| 2 Beds | n/a | n/a |
| 3 Beds | n/a | n/a |
Jackson Ward, Richmond, VA rent trends
Rental prices in Jackson Ward, Richmond, VA have increased by 1.27% over the past year. The average rent moved from $1,546 to $1,565.
What's the typical rent budget in Jackson Ward, Richmond, VA?
The largest share of rentals in Jackson Ward, Richmond, VA (60%) 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 Jackson Ward, Richmond, VA?
351 or 71% of the households in Jackson Ward, Richmond, VA are renter-occupied while 140 or 29% are owner-occupied.
Most affordable neighborhoods in Jackson Ward?
Falling Creek Villa - Sherbourne Heights $1,129/month
Elkhardt $1,217/month
Piney Knolls $1,307/month
All of these neighborhoods fall below the city wide average of $1,605/month.Most expensive neighborhoods in Jackson Ward?
Brittons Hill $1,962/month
The Diamond $1,978/month
Carver $2,090/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Richmond, VA By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Carver | $2,090 |
| The Diamond | $1,978 |
| Brittons Hill | $1,962 |
| Dabney Center | $1,957 |
| Stony Point | $1,950 |
| Sauer's Gardens | $1,947 |
| Museums | $1,935 |
| Scott's Addition | $1,877 |
| Providence Green | $1,868 |
| Central Office | $1,853 |
| Heritage Commons - Country Place | $1,830 |
| The Fan | $1,761 |
| Manchester | $1,742 |
| Museum District | $1,714 |
| Crestview | $1,708 |
| Shockoe Slip | $1,596 |
| Old Town Manchester | $1,592 |
| Belfair - Lantern Ridge | $1,572 |
| Richmond City Center | $1,569 |
| Jackson Ward | $1,565 |
| Monroe Ward | $1,561 |
| Jahnke | $1,539 |
| Shockoe Bottom | $1,529 |
| Chippenham Forest | $1,510 |
| Upper Shockoe Valley | $1,480 |
| Hioaks | $1,471 |
| Central Park - Crescent Park | $1,427 |
| Woodland Heights | $1,412 |
| Cedarhurst | $1,351 |
| Piney Knolls | $1,307 |
| Elkhardt | $1,217 |
| Falling Creek Villa - Sherbourne Heights | $1,129 |
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Richmond | Rent Comparison by Neighborhood
Rent in Jackson Ward is 1% lower than in Belfair - Lantern Ridge
$1,565
Jackson Ward rent is the same as Richmond average
Average Rent
$1,565
$1,572
Belfair - Lantern Ridge rent is 1% higher than Richmond average
Average Rent
$1,572
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 Jackson Ward 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.