Average Rent in Richmond, VA
9 apartment buildings, 115 units. Real asking prices, refreshed daily.
Avg Rent
$2,036/mo
Cheapest
$1,462/mo
Properties
9
Units
115
Analysis
Rent Price Breakdown
Compare pricing across all 9 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 9 properties ranked by lowest available rent.
Shiplock Views
2801 E Main St, Richmond, VA 23223, USA
East 51 At Rocketts Landing
5101 Old Main St, Richmond, VA 23231, USA
The Waterford At Rocketts Landing
4501 E Main St, Richmond, VA 23231, USA
The Westbrook at Brewers Row
1601 Overbrook Rd, Richmond, VA 23220, USA
NOVEL Scott's Addition by Crescent Communities
2902 N Arthur Ashe Blvd, Richmond, VA 23230, USA
Evernest Property Management Richmond
11 S 12th St Suite 508, Richmond, VA 23219, USA
GEM at Scott's Collection
3001 W Leigh St, Richmond, VA 23230, USA
| # | Property | From | Avg | $/sqft | Rating | Units |
|---|---|---|---|---|---|---|
| 1 | Shiplock Views 2801 E Main St, Richmond, VA 23223, USA | $1,462 | $1,716 | $2.31 | 4.2 (66) | 6 |
| 2 | East 51 At Rocketts Landing 5101 Old Main St, Richmond, VA 23231, USA | $1,489 | $1,834 | $2.61 | 4.8 (71) | 8 |
| 3 | The Waterford At Rocketts Landing 4501 E Main St, Richmond, VA 23231, USA | $1,508 | $2,015 | $2.38 | 4.7 (63) | 3 |
| 4 | The Westbrook at Brewers Row 1601 Overbrook Rd, Richmond, VA 23220, USA | $1,605 | $1,983 | $2.37 | 3.9 (44) | 10 |
| 5 | NOVEL Scott's Addition by Crescent Communities 2902 N Arthur Ashe Blvd, Richmond, VA 23230, USA | $1,624 | $2,140 | $2.83 | 4.7 (47) | 39 |
| 6 | Evernest Property Management Richmond 11 S 12th St Suite 508, Richmond, VA 23219, USA | $1,745 | $1,745 | $1.44 | 4.2 (2893) | 1 |
| 7 | GEM at Scott's Collection 3001 W Leigh St, Richmond, VA 23230, USA | $1,760 | $2,043 | $2.90 | 3.7 (19) | 24 |
Explore Each Property
Shiplock Views
4.2 (66)2801 E Main St, Richmond, VA 23223, USA
East 51 At Rocketts Landing
4.8 (71)5101 Old Main St, Richmond, VA 23231, USA
The Waterford At Rocketts Landing
4.7 (63)4501 E Main St, Richmond, VA 23231, USA
The Westbrook at Brewers Row
3.9 (44)1601 Overbrook Rd, Richmond, VA 23220, USA
NOVEL Scott's Addition by Crescent Communities
4.7 (47)2902 N Arthur Ashe Blvd, Richmond, VA 23230, USA
Evernest Property Management Richmond
4.2 (2893)11 S 12th St Suite 508, Richmond, VA 23219, USA
Richmond, VA Average Rent Prices 2026
The average rent in Richmond, VA is $2,036 per month, based on 115 units across 9 apartment communities. Prices range from $1,462 at Shiplock Views to $1,760 at INK at Scott's Collection.
Average Rent by Bedroom Type
| Type | Avg Rent | Starting From | Units |
|---|---|---|---|
| Studio | $1,489/mo | $1,489/mo | 1 |
| 1 Bed | $1,928/mo | $1,462/mo | 87 |
| 2 Bed | $2,428/mo | $1,866/mo | 26 |
| 3 Bed | $1,745/mo | $1,745/mo | 1 |
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 $1,928/mo, with two-bedroom units averaging $2,428/mo. At the local median household income of $62,671, that works out to 39% 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 55% 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
$81,000/year
30 percent rule -- using our average rent of $2,036/mo.
Comfortable income
$98,000/year
25 percent rule -- leaves more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,462/mo), you need to earn at least $58,000/year.
Median household income in Richmond, VA is $62,671 , about 36% 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) | $2,036 |
| Utilities | $434 |
| Groceries | $524 |
| Transportation | $1,036 |
| Healthcare | $505 |
| Other goods and services | $808 |
| Estimated total | $5,344/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
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 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, 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.
Compare
Nearby cities in Virginia
How Richmond, VA rent compares to other markets in the state.
| City | Avg Rent | vs Richmond, VA | Properties |
|---|---|---|---|
| Virginia Beach, VA | $2,055 | +1% | 19 |
| Arlington, VA | $3,112 | +53% | 19 |
| Alexandria, VA | $2,756 | +35% | 13 |
| Hampton, VA | $1,852 | -9% | 10 |
| Roanoke, VA | $1,439 | -29% | 9 |
| Chesapeake, VA | $2,124 | +4% | 8 |
Frequently asked questions
What is the average rent in Richmond, VA?
The average rent in Richmond, VA is $2,036 per month, based on 115 units across 9 apartment buildings tracked by Average Rent. Prices are updated every morning through our proprietary data sourcing.
What is the cheapest apartment rent in Richmond, VA?
The lowest available rent in Richmond, VA starts at $1,462 per month. Availability changes daily as leasing data is refreshed each morning.
How much is a 1-bedroom apartment in Richmond, VA?
1-bedroom apartments in Richmond, VA average $1,928/mo. The lowest listed 1-bedroom starts at $1,462/mo across 87 units tracked.
How much is a 2-bedroom apartment in Richmond, VA?
2-bedroom apartments in Richmond, VA average $2,428/mo. Units start from $1,866/mo across 26 units currently listed.
Rent Trends in Richmond, VA
Track how apartment prices are changing over time.
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