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Average Rent in Richmond, VA & Rent Trends

Rent prices and market trends across 7 apartment communities in Richmond, VA. Updated daily.

Area All Areas Downtown South Richmond The Fan District
Richmond 23223 23230
Beds All Bedrooms Studio 1 Bed 2 Bed 3 Bed

Showing any bedrooms in Richmond, VA.

Market Average

$1,909/mo

▲ +2.6% from last month

Lowest Available

$1,295/mo

cheapest unit on market

Communities

7

tracked daily

Units Listed

119

available now

Rent Watch: cuts and increases

Open Rent Watch →

20 cuts and 4 increases among 57 comparable listings this week. Filter by bedrooms and budget, then inspect each building’s history.

Rent by Neighborhood in Richmond, VA

Compare average rent across Richmond, VA neighborhoods. Click any area to see detailed trends. View these neighborhoods on the rent map

Neighborhood Avg Rent 30d Change From Properties Units
Richmond 23230 $2,208 ▲  $467 $1,479 2 42
The Fan District $1,810 ▼  $167 $1,457 1 12
South Richmond $1,749 ▲  $33 $1,295 2 43
Richmond 23223 $1,716 $0 $1,462 1 6
Downtown $1,700 ▼  $66 $1,367 1 16

Is Rent Going Up or Down in Richmond, VA?

As of October 2026, the average rent in Richmond, VA is $1,909 per month across 7 apartment communities and 119 available units. Rents have increased $49 (2.6%) over the past month.

The most affordable option is The Waterford At Rocketts Landing starting at $1,295/mo. By unit type, a studio averages $1,414/mo, a 1-bedroom averages $1,613/mo, a 2-bedroom averages $2,466/mo, a 3-bedroom averages $2,833/mo.

Prices range from $1,295 to $3,995 per month. The most common price point is the $1,400 range, where 42 units are currently listed.

Richmond, VA Rent Price History

Timeframe
View as table
Month Avg Rent Change Properties
May 2026 $1,857 - 8
June 2026 $1,892 +$35 9
July 2026 $1,857 -$35 10
August 2026 $1,840 -$17 10
September 2026 $1,862 +$22 9
October 2026 $1,852 -$10 9

The trend line and monthly averages track each building's average listed price, recorded daily with outliers trimmed. The current month is a month-to-date figure, so it can sit above or below today's live market average shown at the top of this page.

Average Rent by Bedroom

Rent Price Distribution

Rent by Bedroom Type in Richmond, VA

Studio
$1,414
from $1,367 · 5 units
1 Bed
$1,613
from $1,295 · 72 units
2 Bed
$2,466
from $1,716 · 41 units
3 Bed
$2,833
from $2,833 · 1 units

Rent Prices by Apartment in Richmond, VA

Property Starting at Average Units Rating
The Waterford At Rocketts Landing $1,295/mo $1,633/mo 26 4.7
Mutual on Main $1,367/mo $1,700/mo 16 4.9
The Westbrook at Brewers Row $1,457/mo $1,810/mo 12 3.9
Shiplock Views $1,462/mo $1,716/mo 6 4.2
INK at Scott's Collection $1,479/mo $1,759/mo 20 4.7
East 51 At Rocketts Landing $1,480/mo $1,926/mo 17 4.8
NOVEL Scott's Addition by Crescent Communities $1,579/mo $2,617/mo 22 4.7

Frequently Asked Questions About Rent in Richmond, VA

How many bedrooms are you looking for?

How many bedrooms are you looking for?

Scroll or tap to choose.
Any bedrooms

What is the average rent in Richmond, VA?
The average asking rent for apartment listings in Richmond, VA is $1,909 per month, as of October 2026. We calculate it from 119 priced units across 7 apartment buildings. These are advertised rents, not signed leases or renewal offers.

What rent range can I find in Richmond, VA?
The apartment listings we track in Richmond, VA range from $1,295 to $3,995 per month, as of October 2026. These are the lowest and highest listed prices. They are not a typical price for every apartment. The building, floor plan, and lease terms can affect the price.

Are rents going up or down in Richmond, VA?
The daily building-average rent rose by $52 (2.8%) over 30 days between observations in September 2026 and October 2026. This compares recorded asking rents. The current month's figures may still be incomplete, and the building mix can change.

How much is a studio apartment in Richmond, VA?
Studio apartments average $1,414 per month across 5 priced listings in Richmond, VA. Listed rents range from $1,367 to $1,447 per month, as of October 2026. Compare apartments with similar floor plans and lease terms.

How much is a 1-bedroom apartment in Richmond, VA?
1-bedroom apartments average $1,613 per month across 72 priced listings in Richmond, VA. Listed rents range from $1,295 to $3,310 per month, as of October 2026. Compare apartments with similar floor plans and lease terms.

How much is a 2-bedroom apartment in Richmond, VA?
2-bedroom apartments average $2,466 per month across 41 priced listings in Richmond, VA. Listed rents range from $1,716 to $3,995 per month, as of October 2026. Compare apartments with similar floor plans and lease terms.

How much is a 3-bedroom apartment in Richmond, VA?
3-bedroom apartments average $2,833 per month across 1 priced listing in Richmond, VA. Listed rents range from $2,833 to $2,833 per month, as of October 2026. Compare apartments with similar floor plans and lease terms.

How do 1-bedroom and 2-bedroom rents compare in Richmond, VA?
The 1-bedroom average is $1,613 per month across 72 listings. The 2-bedroom average is $2,466 across 41 listings, $853 (52.9%) higher. This is a comparison of listing groups, not the cost to upgrade a specific apartment.

Which tracked building has the lowest starting rent in Richmond, VA?
The Waterford At Rocketts Landing has the lowest starting rent among the buildings in the comparison table, at $1,295 per month. We track 26 priced listings matching your bedroom choice in that building, as of October 2026. The starting price applies to its lowest-priced matching apartment. Check that apartment's latest price and availability.

Which rent range has the most listings in Richmond, VA?
The $1,400 to $1,600 monthly range has the most matching listings: 42 units, or 35.3% of the priced apartments we track in Richmond, VA. This count does not tell us how fast the apartments rent.

How many apartment listings do you track in Richmond, VA?
We track 119 priced units at 7 apartment buildings, as of October 2026. This is not the total number of apartments in those buildings. A listing can change or become unavailable. Open the apartment details to check its latest status.

How much rent history is available for Richmond, VA?
We have recorded rent data on 146 days from May 2026 through October 2026 for apartment listings in Richmond, VA. Some dates can be missing. The chart only shows recorded data. The current month includes the days recorded so far.

Why can the headline rent differ from the trend chart in Richmond, VA?
The average at the top of the page gives each matching apartment equal weight. The chart first averages recorded prices within each building, then compares buildings. It removes the highest and lowest groups when at least ten buildings contribute and omits days with fewer than five buildings. Different dates, building counts, and listing mixes can produce different figures. The monthly table averages the recorded daily figures.

Does my bedroom choice change the prices and answers?
Yes. Your chosen area and bedroom count filter the asking rents, listing counts, rent ranges, and answers on this page. When you choose a bedroom count, the history chart uses recorded prices for matching apartments with a known identity. If those records are missing, we leave the chart empty rather than use prices for other bedroom types. Open an individual apartment to check its own price history.

Do these rents include utilities, parking, and other fees?
We use the published total monthly rent when it is available and the base rent otherwise. Unknown fees are not zero. Utilities, parking, pet charges, deposits, and one-time costs can add to the amount you pay. Check the selected unit and lease terms for a complete quote.

How should I compare free-rent offers with listed rent?
A free-rent offer can reduce the effective cost over a lease without changing the listed monthly rent. Compare the same lease length and move-in date, then include required charges and the offer conditions. The market averages do not assume an unconfirmed discount.

Does this page represent every rental in the market?
These figures describe the priced apartment listings we track, not every rental home or every occupied apartment. Coverage and the mix of bedrooms, buildings, and locations can change. A lower market average does not prove that the same apartment received a price cut.

How fresh are the Richmond, VA rent figures?
We schedule rent updates each day, but buildings can have different price-check dates. The latest accepted price check for these listings was October 18, 2026. The month label does not mean we checked every price today. Open the building or apartment details for its latest price and availability.

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

$76,000/year

Based on the 30 percent rule, using our tracked average rent of $1,909/mo.

Comfortable income

$92,000/year

Based on the 25 percent rule, leaving more room for savings, transport, and groceries.

To afford the cheapest tracked apartment ($1,295/mo), you need to earn at least $52,000/year.

Median household income in Richmond, VA is $62,671 , about 32% below the comfortable-living threshold.

Explore Richmond, VA Apartments

Browse all 7 communities with daily-updated pricing and availability.

Browse All Apartments Find Your Match

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) $1,909
Utilities $434
Groceries $524
Transportation $1,036
Healthcare $505
Other goods and services $808
Estimated total $5,217/mo

Population

227,595

Median household income

$62,671

Census median rent

$1,314/mo

Census rent burden

31.4%

Median age

34.5

Mean commute

22 min

Methodology

Rent data

We use listed asking rents and schedule daily data updates. Individual buildings can have different verification dates. Check the building or unit page for its latest price and availability.

Cost of living

Estimates 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

We estimate annual income by dividing annual rent by 30 percent for the affordability figure and 25 percent for the comfortable-income figure. These estimates are a guide, not a guarantee of rental approval.

Demographic figures

Median household income, population, median age, commute time, Census median rent, and 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.
Virginia Rent Trends
Compare rent across all Virginia cities
Richmond, VA Neighborhood Rent Map
See rent history by neighborhood on a map
Explore Richmond, VA on Map
See neighborhoods and rent data interactively
US-wide rent comparison
See how Richmond, VA rents stack up against the national median

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