Average Rent in Richmond VA
8 apartment buildings, 44 units. Real prices pulled from each property's leasing system this morning.
Avg Rent
$2,078/mo
market average
Cheapest
$1,624/mo
NOVEL Scott's Addition by Crescent Communities
Properties
8
tracked daily
Units
44
available now
Analysis
Rent Price Breakdown
Compare pricing across all 8 properties in Richmond VA.
Average Rent by Property
Starting Price vs Average
Rent by Bedroom Count
Price per Square Foot
Richmond VA Rent Prices
All 8 properties ranked by lowest available rent.
NOVEL Scott's Addition by Crescent Communities
2902 N Arthur Ashe Blvd, Richmond
The Westbrook at Brewers Row
1601 Overbrook Rd, Richmond
East 51 At Rocketts Landing
5101 Old Main St, Richmond
Evernest Property Management Richmond
11 S 12th St Suite 508, Richmond
GEM at Scott's Collection
3001 W Leigh St, Richmond
INK at Scott's Collection
3000 W Clay St, Richmond
Neville C Johnson Real Estate
4905 Radford Ave Suite 211, Richmond
| # | Property | From ▼ | Avg | $/sqft | Rating | Units |
|---|---|---|---|---|---|---|
| 1 | NOVEL Scott's Addition by Crescent Communities 2902 N Arthur Ashe Blvd, Richmond | $1,624 | $2,116 | $2.80 | 4.7 | 31 |
| 2 | The Westbrook at Brewers Row 1601 Overbrook Rd, Richmond | $1,705 | $1,985 | $2.48 | 3.9 | 13 |
| 3 | East 51 At Rocketts Landing 5101 Old Main St, Richmond | -- | -- | -- | 4.8 | 0 |
| 4 | Evernest Property Management Richmond 11 S 12th St Suite 508, Richmond | -- | -- | -- | 4.2 | 0 |
| 5 | GEM at Scott's Collection 3001 W Leigh St, Richmond | -- | -- | -- | 3.7 | 0 |
| 6 | INK at Scott's Collection 3000 W Clay St, Richmond | -- | -- | -- | 4.7 | 0 |
| 7 | Neville C Johnson Real Estate 4905 Radford Ave Suite 211, Richmond | -- | -- | -- | 4.3 | 0 |
Explore Each Property
NOVEL Scott's Addition by Crescent Communities
4.72902 N Arthur Ashe Blvd, Richmond
The Westbrook at Brewers Row
3.91601 Overbrook Rd, Richmond
East 51 At Rocketts Landing
4.85101 Old Main St, Richmond
Evernest Property Management Richmond
4.211 S 12th St Suite 508, Richmond
GEM at Scott's Collection
3.73001 W Leigh St, Richmond
INK at Scott's Collection
4.73000 W Clay St, Richmond
Richmond VA Average Rent Prices 2026
The average rent in Richmond VA is $2,078 per month, based on 44 units across 8 apartment communities. Prices range from $1,624 at NOVEL Scott's Addition by Crescent Communities to $1,705 at The Westbrook at Brewers Row.
Average Rent by Bedroom Type
| Type | Avg Rent | Starting From | Units |
|---|---|---|---|
| 1 Bed | $1,870/mo | $1,624/mo | 32 |
| 2 Bed | $2,631/mo | $2,200/mo | 12 |
Every price comes directly from each property's leasing system, updated that morning. Request a neighborhood we don't cover and we add it within 24 hours.
Market Context
Who rents in Richmond VA, and what they pay
Tracked one-bedroom rent in Richmond VA averages $1,870/mo, with two-bedroom units averaging $2,631/mo. At the local median household income of $62,671, that works out to 40% of gross income — above the 30 percent affordability ceiling — a stretched-budget market.
The U.S. Census Bureau's American Community Survey 2023 release pegged median gross rent in Richmond VA at $1,314/mo. The current tracked market average runs 58% higher than that benchmark, reflecting both two to three years of rent growth and the fact that the Census figure covers all renter-occupied housing in Richmond VA while the tracked market average covers units currently listed in larger apartment communities.
Who employs renters in Richmond
Demand in the Richmond rental market is shaped by the metro's largest private and public employers. The following organizations anchor local hiring and influence what renters can pay:
- Capital One
- Altria
- Dominion Energy
- VCU Health
- CarMax
Mean one-way commute in Richmond VA is 22 minutes, per the Census ACS — useful context when weighing which properties sit inside reasonable reach of these employers.
What salary do I need to live comfortably in Richmond VA?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$83,000/year
30 percent rule — using our average rent of $2,078/mo.
Comfortable income
$100,000/year
25 percent rule — leaves more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,624/mo), you need to earn at least $65,000/year.
Median household income in Richmond VA is $62,671 — about 37% below the comfortable-living threshold.
Cost of living in Richmond VA
Overall prices in Richmond VA runs below the national average by about 2% (BEA Regional Price Parity index 98.3, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Richmond VA's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $2,078 |
| Utilities | $434 |
| Groceries | $524 |
| Transportation | $1,036 |
| Healthcare | $505 |
| Other goods and services | $808 |
| Estimated total | $5,386/mo |
Population
227,595
Median household income
$62,671
Census median rent
$1,314/mo
Rent as % of income
31.4%
Median age
34.5
Mean commute
22 min
Methodology
† Rent data is sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living estimates for utilities, groceries, transportation, healthcare, and other goods and services combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures (median household income, population, median age, commute time, Census median rent, rent as percentage of income) come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Rent Trends in Richmond VA
Track how apartment prices are changing over time.
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