What is the average apartment size in Shockoe Bottom, Richmond, VA?

The average size for a Shockoe Bottom, Richmond, VA apartment is 771 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.

What is the average rent in Shockoe Bottom?

As of Oct / 2025, the average rent in Shockoe Bottom is $1,518 per month, a 1.06% increase from last year’s average of $1,502.

How much does rent cost by apartment size in Shockoe Bottom?

In Shockoe Bottom, studios rent for $1,465 per month, one-bedroom units average $1,418 per month, two-bedrooms cost around $1,777 per month, and three-bedroom apartments rent for about $2,299 per month

What is the average apartment size in Shockoe Bottom?

The typical apartment in Shockoe Bottom offers about 771 sq. ft. square feet of living space, though actual sizes vary depending on layout and amenities.

How large are apartments by bedroom count in Shockoe Bottom?

Studio apartments in Shockoe Bottom average 643 sq. ft., one-bedrooms offer 691 sq. ft., two-bedrooms are about 1,002 sq. ft., and three-bedroom apartments average 1,699 sq. ft.

Shockoe Bottom, Richmond, VA Rental Market Trends

Q: What's the typical rent budget in Shockoe Bottom?

The typical rent budget in Shockoe Bottom ranges from $1,001 to $1,500 per month, with 50% of rentals in this range.

Q: Do most people rent or own in Shockoe Bottom?

In Shockoe Bottom, 56% of households rent while 44% own their homes, based on the latest U.S. Census data.

Last updated: November 19, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Highlights

The average rent for an apartment in Shockoe Bottom is $1,518, a 1.06% increase compared to the previous year, when the average rent was $1,502.

Studio Apartments at $1,465 offer the most budget-friendly option with 643 square feet, ideal for single renters prioritizing location over space.

One-bedroom apartments provide 691 square feet for $1,418, balancing privacy and affordability.

Two-beedroom units at $1,777 offer 1,002 square feet, perfect for roommates or small families.

Three-bedroom apartments deliver maximum space (1,699 sq ft) for $2,299, suitable for larger households.

Average rent in Shockoe Bottom, Richmond, VA

Last updated: November 19, 2025

	Average Rent	Average Apartment Size
All Rentals	$1,518	771 sq. ft.
Studio	$1,465	643 sq. ft.
1 Bed	$1,418	691 sq. ft.
2 Beds	$1,777	1,002 sq. ft.
3 Beds	$2,299	1,699 sq. ft.

Shockoe Bottom, Richmond, VA rent trends

Rental prices in Shockoe Bottom, Richmond, VA have increased by 1.06% over the past year. The average rent moved from $1,502 to $1,518.

What's the typical rent budget in Shockoe Bottom, Richmond, VA?

The largest share of rentals in Shockoe Bottom, Richmond, VA (50%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.

Do most people rent or own in Shockoe Bottom, Richmond, VA?

13,915 or 56% of the households in Shockoe Bottom, Richmond, VA are renter-occupied while 11,011 or 44% are owner-occupied.

Access comprehensive real estate data and information on Yardi Matrix

Most affordable neighborhoods in Shockoe Bottom?

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 Shockoe Bottom?

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

Richmond | Rent Comparison by Neighborhood

Rent in Shockoe Bottom is 3% lower than in Belfair - Lantern Ridge

$1,518

Shockoe Bottom rent is the same as Richmond average

Average Rent $1,518

$1,568

Belfair - Lantern Ridge rent is 3% higher 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 Shockoe Bottom 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.