Last updated
Average Rent in Richmond VA & Rent Trends
Rent prices and market trends across 2 apartment communities in Richmond VA. Updated daily.
Market Average
$2,078/mo
Lowest Available
$1,624/mo
cheapest unit on market
Communities
2
tracked daily
Units Listed
44
available now
Rent by Neighborhood in Richmond VA
Compare average rent across Richmond VA neighborhoods. Click any area to see detailed trends.
| Neighborhood | Avg Rent | From | Properties | Units |
|---|---|---|---|---|
| Richmond 23230 | $2,116 | $1,624 | 1 | 31 |
| The Fan District | $1,985 | $1,705 | 1 | 13 |
Is Rent Going Up or Down in Richmond VA?
As of April 2026, the average rent in Richmond VA is $2,078 per month across 2 apartment communities and 44 available units.
The most affordable option is NOVEL Scott's Addition by Crescent Communities starting at $1,624/mo. By unit type, a 1-bedroom averages $1,870/mo, a 2-bedroom averages $2,631/mo.
Prices range from $1,624 to $3,585 per month. The most common price point is the $1,600 range, where 14 units are currently listed.
Richmond VA Rent Price History
Collecting price history
Daily snapshots are being recorded. Trend charts will appear once we have enough data points.
Average Rent by Bedroom
Rent Price Distribution
Rent by Bedroom Type in Richmond VA
Rent Prices by Apartment in Richmond VA
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| NOVEL Scott's Addition by Crescent Communities | $1,624/mo | $2,116/mo | 31 | 4.7 |
| The Westbrook at Brewers Row | $1,705/mo | $1,985/mo | 13 | 3.9 |
Google Search Trends for Richmond VA Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Richmond VA
What is the average rent in Richmond VA?
Is rent going up or down in Richmond VA?
What is the cheapest apartment in Richmond VA?
How much is a 1-bedroom apartment in Richmond VA?
How many apartments are available in Richmond VA?
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.
Explore Richmond VA Apartments
Browse all 2 communities with daily-updated pricing and availability.