Scott's Addition, Richmond, VA Rental Market Trends
Last updated: July 02, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Scott's Addition is $1,894, a 4.7% increase compared to the previous year, when the average rent was $1,809.
One-bedroom apartments provide 699 square feet for $1,662, balancing privacy and affordability.
Two-beedroom units at $2,482 offer 1,065 square feet, perfect for roommates or small families.
Average rent in Scott's Addition, Richmond, VA
Last updated: July 02, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,894 | 800 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $1,662 | 699 sq. ft. |
| 2 Beds | $2,482 | 1,065 sq. ft. |
| 3 Beds | n/a | n/a |
Scott's Addition, Richmond, VA rent trends
Rental prices in Scott's Addition, Richmond, VA have increased by 4.7% over the past year. The average rent moved from $1,809 to $1,894.
What's the typical rent budget in Scott's Addition, Richmond, VA?
The largest share of rentals in Scott's Addition, Richmond, VA (44%) 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?
328 or 66% of the households in Scott's Addition, Richmond, VA are renter-occupied while 170 or 34% are owner-occupied.
Most affordable neighborhoods in Scott's Addition?
Falling Creek Villa - Sherbourne Heights $1,141/month
Elkhardt $1,225/month
Piney Knolls $1,307/month
All of these neighborhoods fall below the city wide average of $1,623/month.Most expensive neighborhoods in Scott's Addition?
The Diamond $2,016/month
Stony Point $2,034/month
Carver $2,094/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Richmond, VA By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Carver | $2,094 |
| Stony Point | $2,034 |
| The Diamond | $2,016 |
| Dabney Center | $1,987 |
| Brittons Hill | $1,982 |
| Museums | $1,964 |
| Sauer's Gardens | $1,957 |
| Providence Green | $1,896 |
| Scott's Addition | $1,894 |
| Central Office | $1,885 |
| Heritage Commons - Country Place | $1,832 |
| Manchester | $1,774 |
| The Fan | $1,771 |
| Museum District | $1,731 |
| Crestview | $1,699 |
| Old Town Manchester | $1,622 |
| Shockoe Slip | $1,601 |
| Richmond City Center | $1,589 |
| Monroe Ward | $1,587 |
| Belfair - Lantern Ridge | $1,567 |
| Jackson Ward | $1,552 |
| Hioaks | $1,552 |
| Shockoe Bottom | $1,547 |
| Jahnke | $1,541 |
| Upper Shockoe Valley | $1,507 |
| Chippenham Forest | $1,477 |
| Central Park - Crescent Park | $1,456 |
| Woodland Heights | $1,388 |
| Cedarhurst | $1,356 |
| Piney Knolls | $1,307 |
| Elkhardt | $1,225 |
| Falling Creek Villa - Sherbourne Heights | $1,141 |
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Richmond | Rent Comparison by Neighborhood
Rent in Scott's Addition is 21% higher than in Belfair - Lantern Ridge
$1,894
Scott's Addition rent is the same as Richmond average
Average Rent
$1,894
$1,567
Belfair - Lantern Ridge rent is 17% lower than Richmond average
Average Rent
$1,567
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.