Scott's Addition, Richmond, VA Rental Market Trends
Last updated: November 19, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Scott's Addition is $1,951, a 6.83% increase compared to the previous year, when the average rent was $1,826.
Studio Apartments at $1,554 offer the most budget-friendly option with 577 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 705 square feet for $1,710, balancing privacy and affordability.
Two-beedroom units at $2,557 offer 1,070 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,372 sq ft) for $3,989, suitable for larger households.
Average rent in Scott's Addition, Richmond, VA
Last updated: November 19, 2025
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,951 | 806 sq. ft. |
| Studio | $1,554 | 577 sq. ft. |
| 1 Bed | $1,710 | 705 sq. ft. |
| 2 Beds | $2,557 | 1,070 sq. ft. |
| 3 Beds | $3,989 | 1,372 sq. ft. |
Scott's Addition, Richmond, VA rent trends
Rental prices in Scott's Addition, Richmond, VA have increased by 6.83% over the past year. The average rent moved from $1,826 to $1,951.
What's the typical rent budget in Scott's Addition, Richmond, VA?
The largest share of rentals in Scott's Addition, Richmond, VA (64%) 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 Scott's Addition, Richmond, VA?
2,941 or 64% of the households in Scott's Addition, Richmond, VA are renter-occupied while 1,683 or 36% are owner-occupied.
Most affordable neighborhoods in Scott's Addition?
Falling Creek Villa - Sherbourne Heights $1,165/month
Elkhardt $1,208/month
Piney Knolls $1,289/month
All of these neighborhoods fall below the city wide average of $1,583/month.Most expensive neighborhoods in Scott's Addition?
Scott's Addition $1,951/month
Brittons Hill $1,969/month
Dabney Center $2,010/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Richmond, VA By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Dabney Center | $2,010 |
| Brittons Hill | $1,969 |
| Scott's Addition | $1,951 |
| The Diamond | $1,940 |
| Sauer's Gardens | $1,913 |
| Museums | $1,908 |
| Stony Point | $1,880 |
| Heritage Commons - Country Place | $1,847 |
| Central Office | $1,833 |
| Providence Green | $1,811 |
| Crestview | $1,741 |
| Manchester | $1,720 |
| The Fan | $1,680 |
| Museum District | $1,658 |
| Shockoe Slip | $1,593 |
| Old Town Manchester | $1,583 |
| Belfair - Lantern Ridge | $1,568 |
| Jackson Ward | $1,565 |
| Richmond City Center | $1,559 |
| Monroe Ward | $1,547 |
| Shockoe Bottom | $1,518 |
| Hioaks | $1,485 |
| Chippenham Forest | $1,474 |
| Central Park - Crescent Park | $1,438 |
| Woodland Heights | $1,361 |
| Cedarhurst | $1,359 |
| Upper Shockoe Valley | $1,351 |
| Piney Knolls | $1,289 |
| Elkhardt | $1,208 |
| Falling Creek Villa - Sherbourne Heights | $1,165 |
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Richmond | Rent Comparison by Neighborhood
Rent in Scott's Addition is 24% higher than in Belfair - Lantern Ridge
$1,951
Scott's Addition rent is the same as Richmond average
Average Rent
$1,951
$1,568
Belfair - Lantern Ridge rent is 20% lower than Richmond average
Average Rent
$1,568
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 Scott's Addition 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.