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Average Rent in Richmond 23231 & Rent Trends

What is the average 2-bedroom rent in Richmond 23231?

The average listed 2-bedroom apartment rent in Richmond 23231 is $2,264 per month, as of October 19, 2026. This sample includes 14 priced apartments in 2 buildings. These are tracked asking prices, not signed leases.

We use published total monthly rent when known and base rent otherwise. Unknown fees remain unknown. Buildings without a qualifying price do not count in this sample. The guide directory can include more buildings.

Rent prices and market trends across 2 apartment communities in Richmond 23231, Richmond, VA. Prices update after successful source checks.

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

Showing 2 bedrooms in Richmond 23231.

Market Average

$2,264/mo

Lowest Available

$2,004/mo

cheapest unit on market

Communities

2

tracked daily

Units Listed

14

available now

Rent Watch: cuts and increases

Open Rent Watch →

0 cuts and 3 increases among 8 comparable listings this week. Filter by bedrooms and budget, then inspect each building’s history.

Richmond 23231 vs Richmond, VA Average

Richmond 23231 is cheaper than the Richmond, VA average by $201/mo (8%). The citywide average is $2,465/mo across all neighborhoods.

Is Rent Going Up or Down in Richmond 23231?

As of October 2026, the average rent in Richmond 23231 is $2,264 per month across 2 apartment communities and 14 available units.

The most affordable option is The Waterford At Rocketts Landing starting at $2,004/mo. By unit type, a 2-bedroom averages $2,264/mo.

Prices range from $2,004 to $2,777 per month. The most common price point is the $2,000 range, where 9 units are currently listed.

Rent Price Distribution

Rent by Bedroom Type in Richmond 23231

2 Bed
$2,264
from $2,004 · 14 units

Rent Prices by Apartment in Richmond 23231

Property Starting at Average Units Rating
The Waterford At Rocketts Landing $2,004/mo $2,056/mo 8 4.7
East 51 At Rocketts Landing $2,193/mo $2,542/mo 6 4.8

Frequently Asked Questions About Rent in Richmond 23231

How many bedrooms are you looking for?

How many bedrooms are you looking for?

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2 bedrooms

What is the average 2-bedroom rent in Richmond 23231?
The average listed 2-bedroom apartment rent in Richmond 23231 is $2,264 per month, as of October 19, 2026. This sample includes 14 priced apartments in 2 buildings. These are tracked asking prices, not signed leases.

What rent range can I find in Richmond 23231?
The 2-bedroom apartment listings we track in Richmond 23231 range from $2,004 to $2,777 per month, as of October 19, 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 23231?
There is not enough comparable history to report a reliable 30-day rent change for 2-bedroom apartment listings in Richmond 23231. Missing dates or a change in the buildings we track can prevent a comparison. The chart uses recorded prices for 2-bedroom apartments with a known unit identity. It averages those prices within each building before comparing buildings. Missing history does not mean rents stayed flat.

How much is a 2-bedroom apartment in Richmond 23231?
2-bedroom apartments average $2,264 per month across 14 priced listings in Richmond 23231. Listed rents range from $2,004 to $2,777 per month, as of October 19, 2026. Compare apartments with similar floor plans and lease terms.

Which tracked building has the lowest starting rent in Richmond 23231?
The Waterford At Rocketts Landing has the lowest starting rent among the buildings in the comparison table, at $2,004 per month. We track 8 priced listings matching your bedroom choice in that building, as of October 19, 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 23231?
The $2,000 to $2,200 monthly range has the most matching listings: 9 units, or 64.3% of the priced apartments we track in Richmond 23231. This count does not tell us how fast the apartments rent.

How many apartment listings do you track in Richmond 23231?
We track 14 priced units at 2 apartment buildings, as of October 19, 2026. These are 2-bedroom apartments. 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 23231?
We do not yet have enough accepted price records to draw a history chart for 2-bedroom apartment listings in Richmond 23231. Current asking prices can appear before rent history is ready. We do not fill missing history with zero or with prices for a different bedroom count.

Why can the headline rent differ from the trend chart in Richmond 23231?
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 23231 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 19, 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 23231?

Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.

Minimum to afford average rent

$91,000/year

Based on the 30 percent rule, using our tracked average rent of $2,264/mo.

Comfortable income

$109,000/year

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

To afford the cheapest tracked apartment ($2,004/mo), you need to earn at least $80,000/year.

Median household income in Richmond 23231 is $62,671 , about 42% below the comfortable-living threshold.

Explore Richmond 23231 Apartments

Browse all 2 communities with daily-updated pricing and availability.

Browse All Apartments Find Your Match

Cost of living in Richmond 23231

Overall prices in Richmond 23231 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 23231's regional price parities.

Category Monthly estimate
Rent (market average) $2,264
Utilities $434
Groceries $524
Transportation $1,036
Healthcare $505
Other goods and services $808
Estimated total $5,572/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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