What is the average apartment size in VCU, Richmond, VA?

The average size for a VCU, Richmond, VA apartment is 786 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 VCU?

As of Apr / 2026, the average rent in VCU is $1,709 per month, a 0.09% decrease from last years average of $1,711.

What is the average apartment size in VCU?

The typical apartment in VCU offers about 786 sq. ft. square feet of living space, though actual sizes vary depending on layout and amenities.

VCU, Richmond, VA Rental Market Trends

Q: What's the typical rent budget in VCU?

The typical rent budget in VCU ranges from $1,501 to $2,000 per month, with 50% of rentals in this range.

Q: Do most people rent or own in VCU?

In VCU, 66% of households rent while 34% own their homes, based on the latest U.S. Census data.

Last updated: June 02, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Highlights

The average rent for an apartment in VCU is $1,709, a 0.09% decrease compared to the previous year, when the average rent was $1,711.

One-bedroom apartments provide 630 square feet for $1,492, balancing privacy and affordability.

Two-beedroom units at $1,869 offer 960 square feet, perfect for roommates or small families.

Average rent in VCU, Richmond, VA

Last updated: June 02, 2026

	Average Rent	Average Apartment Size
All Rentals	$1,709	786 sq. ft.
Studio	n/a	n/a
1 Bed	$1,492	630 sq. ft.
2 Beds	$1,869	960 sq. ft.
3 Beds	n/a	n/a

VCU, Richmond, VA rent trends

Rental prices in VCU, Richmond, VA have decreased by 0.09% over the past year. The average rent moved from $1,711 to $1,709.

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

The largest share of rentals in VCU, 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 VCU, Richmond, VA?

408 or 66% of the households in VCU, Richmond, VA are renter-occupied while 206 or 34% are owner-occupied.

Most affordable neighborhoods in VCU?

Falling Creek Villa - Sherbourne Heights $1,126/month

Elkhardt $1,222/month

Piney Knolls $1,307/month

All of these neighborhoods fall below the city wide average of $1,615/month.

Most expensive neighborhoods in VCU?

Stony Point $1,984/month

The Diamond $2,002/month

Carver $2,082/month

These neighborhoods typically command higher rents due to location, amenities, and demand.

Average Rent in Richmond, VA By Neighborhood

Neighborhood	Average Rent
Carver	$2,082
The Diamond	$2,002
Stony Point	$1,984
Dabney Center	$1,980
Brittons Hill	$1,967
Sauer's Gardens	$1,957
Museums	$1,949
Providence Green	$1,889
Scott's Addition	$1,883
Central Office	$1,870
Heritage Commons - Country Place	$1,814
The Fan	$1,775
Manchester	$1,758
Museum District	$1,725
Crestview	$1,682
Old Town Manchester	$1,608
Shockoe Slip	$1,599
Hioaks	$1,587
Richmond City Center	$1,583
Belfair - Lantern Ridge	$1,583
Monroe Ward	$1,579
Jackson Ward	$1,561
Shockoe Bottom	$1,546
Jahnke	$1,522
Chippenham Forest	$1,507
Upper Shockoe Valley	$1,497
Central Park - Crescent Park	$1,444
Woodland Heights	$1,418
Cedarhurst	$1,353
Piney Knolls	$1,307
Elkhardt	$1,222
Falling Creek Villa - Sherbourne Heights	$1,126

Richmond | Rent Comparison by Neighborhood

Rent in Belfair - Lantern Ridge is 20% lower than in Brittons Hill

$1,583

Belfair - Lantern Ridge rent is 7% lower than Richmond average

Average Rent $1,583

$1,967

Brittons Hill rent is 15% higher than Richmond average

Average Rent $1,967

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 VCU 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.