Last updated
Average Rent in Richmond 23230 & Rent Trends
Rent prices and market trends across 3 apartment communities in Richmond 23230, Richmond, VA. Updated daily.
Market Average
$2,616/mo
▼ 1.5% from last month
Lowest Available
$1,866/mo
cheapest unit on market
Communities
3
tracked daily
Units Listed
14
available now
Richmond 23230 vs Richmond, VA Average
Richmond 23230 is more expensive the Richmond, VA average by $580/mo (28%). The citywide average is $2,036/mo across all neighborhoods.
Is Rent Going Up or Down in Richmond 23230?
As of May 2026, the average rent in Richmond 23230 is $2,616 per month across 3 apartment communities and 14 available units. Rents have decreased $31 (1.5%) over the past month.
The most affordable option is GEM at Scott's Collection starting at $1,866/mo. By unit type, a 2-bedroom averages $2,616/mo.
Prices range from $1,866 to $3,585 per month. The most common price point is the $2,000 range, where 4 units are currently listed.
Richmond 23230 Rent Price History
Rent Price Distribution
Rent by Bedroom Type in Richmond 23230
Rent Prices by Apartment in Richmond 23230
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| GEM at Scott's Collection | $1,866/mo | $2,168/mo | 4 | 3.7 |
| INK at Scott's Collection | $1,866/mo | $2,168/mo | 4 | 4.7 |
| NOVEL Scott's Addition by Crescent Communities | $2,945/mo | $3,214/mo | 6 | 4.7 |
Google Search Trends for Richmond 23230 Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Richmond 23230
What is the average rent in Richmond 23230?
Is rent going up or down in Richmond 23230?
What is the cheapest apartment in Richmond 23230?
How many apartments are available in Richmond 23230?
What salary do I need to live comfortably in Richmond 23230?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$105,000/year
30 percent rule -- using our average rent of $2,616/mo.
Comfortable income
$126,000/year
25 percent rule -- leaves more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,866/mo), you need to earn at least $75,000/year.
Median household income in Richmond 23230 is $62,671 , about 50% below the comfortable-living threshold.
Cost of living in Richmond 23230
Overall prices in Richmond 23230 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 23230's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $2,616 |
| Utilities | $434 |
| Groceries | $524 |
| Transportation | $1,036 |
| Healthcare | $505 |
| Other goods and services | $808 |
| Estimated total | $5,924/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.
Explore Richmond 23230 Apartments
Browse all 3 communities with daily-updated pricing and availability.