The Fan, Richmond, VA Rental Market Trends
Last updated: April 22, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in The Fan is $1,761, a 5.6% increase compared to the previous year, when the average rent was $1,667.
One-bedroom apartments provide 634 square feet for $1,631, balancing privacy and affordability.
Two-beedroom units at $2,038 offer 921 square feet, perfect for roommates or small families.
Average rent in The Fan, Richmond, VA
Last updated: April 22, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,761 | 734 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $1,631 | 634 sq. ft. |
| 2 Beds | $2,038 | 921 sq. ft. |
| 3 Beds | n/a | n/a |
The Fan, Richmond, VA rent trends
Rental prices in The Fan, Richmond, VA have increased by 5.6% over the past year. The average rent moved from $1,667 to $1,761.
What's the typical rent budget in The Fan, Richmond, VA?
The largest share of rentals in The Fan, Richmond, VA (50%) 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 The Fan, Richmond, VA?
1,904 or 67% of the households in The Fan, Richmond, VA are renter-occupied while 929 or 33% are owner-occupied.
Most affordable neighborhoods in The Fan?
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 The Fan?
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 The Fan is 12% higher than in Belfair - Lantern Ridge
$1,761
The Fan rent is the same as Richmond average
Average Rent
$1,761
$1,572
Belfair - Lantern Ridge rent is 11% lower 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 The Fan 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.