Average Rent in 23220, Richmond, VA

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Current Versus Historical 23220, Richmond, VA Rents

23220 rentals average $1,175 for a studio rental to $3,075 for a 4-bedroom rental. The median price of all currently available listings is $1,859, or roughly $22 per square feet.

For the apartment units and housing in August 2026, median rents have risen substantially over the last year. Studio rentals prices have decreased by $763 (-39.35%) year-over-year from $1,938 to $1,175. 1-bedroom rentals prices have increased by $348 (23.46%) year-over-year from $1,482 to $1,830. 2-bedroom rentals prices have increased by $113 (7.39%) year-over-year from $1,523 to $1,635. 3-bedroom rentals prices have decreased by $1,059 (-41.38%) year-over-year from $2,559 to $1,500. 4-bedroom rentals prices have increased by $128 (4.36%) year-over-year from $2,947 to $3,075. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 18.02% this month. 1-bedroom rents have gone up by 9.32% this month. 2-bedroom rents have gone up by 3.05% this month. 3-bedroom rents have gone down by 29.12% this month. 4-bedroom rents have gone down by 3.65% this month.

Beds	Price / Sqft	Aug 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$21.69	$1,175	$1,938 (-39.35%)	$1,694 (-30.62%)
1 BR	$22.11	$1,830	$1,482 (23.46%)	$1,218 (50.21%)
2 BR	$23.05	$1,635	$1,523 (7.39%)	$1,461 (11.92%)
3 BR	$23.93	$1,500	$2,559 (-41.38%)	$2,200 (-31.81%)
4+ BR	$20.79	$3,075	$2,947 (4.36%)	$2,750 (11.82%)

Historical Rents in 23220, Richmond, VA

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 23220

There are a total of 1 cities nearby 23220. The average rent in 23220 is currently $1,800 per month. Only one city nearby has an average rent lower than that. Our records show that Richmond, VA, with an average rent of $1,800, is the most affordable city nearby. In contrast, the most expensive city near 23220, Richmond, VA is Richmond, VA. Monthly rents here are on average $1,800 per month.

Let's compare 23220, Richmond, VA's rent against other top cities nearby by bedroom size. Typically, rent for studios in 23220, Richmond, VA is 23.23% more affordable than other cities nearby. One bedrooms are about 3.69% more expensive. Two bedrooms in 23220, Richmond, VA are about 4.48% more affordable. Finally, rent for three bedrooms are about 39.17% more affordable. Want more information? Check out the top 1 cities near 23220, Richmond, VA in the following table.

City	Studio	1 Bed	2 Bed	All
Richmond, VA	$1,448	$1,762	$1,750	$1,800

Top Neighborhoods Near 23220

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near 23220

There are a total of 2 counties located by 23220, Richmond, VA. Some of these counties include Richmond, VA and Chesterfield, VA. The average rent for rentals in these counties is $2,150. That's roughly around $19 per sqft. A total of one county has a lower average rent. The county that is the most affordable is Richmond, VA. Its average rent per month is $1,800. Vice versa, with an average rent of $2,500, Chesterfield, VA is the most expensive county by 23220, Richmond, VA.

Typically, rent for studios in 23220, Richmond, VA is 38.38% more expensive than other counties nearby. In comparison, rent for one bedroom listings in 23220, Richmond, VA is 51.84% more expensive than other counties nearby. Finally, rent for two bedrooms in 23220, Richmond, VA is 2.99% more expensive than other counties nearby. We've listed all of these counties in the table below.

County	Studio	1 Bed	2 Bed	All
Richmond, VA	$1,448	$1,762	$1,750	$1,800
Chesterfield, VA	N/A	N/A	$1,500	$2,500

Top Zipcodes Near 23220

Zipcode	Studio	1 Bed	2 Bed	All

Frequently Asked Questions - 23220 Average Rents

What is the average rent price in 23220, Richmond, VA?

The average monthly rental price for 23220, Richmond, VA apartments for rent is approximately $1,859. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 23220, Richmond, VA rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in 23220, Richmond, VA.

How much is a studio apartment in 23220, Richmond, VA?

The average monthly rental price for studio apartments is $1,175 and an average price per square feet of $21.69. There are a total of 3 studio apartment listings currently available for rent in 23220.

How much is a one bedroom apartment in 23220, Richmond, VA?

The average monthly rental price for one bedroom apartments is $1,830 and an average price per square feet of $22.11. There are a total of 16 one bedroom apartment listings currently available for rent in 23220.

How much is a two bedroom apartment in 23220, Richmond, VA?

The average monthly rental price for two bedroom apartments is $1,675 and an average price per square feet of $23.05. There are a total of 19 two bedroom apartment listings currently available for rent in 23220.

How have rent prices in 23220, Richmond, VA changed this year?

Rent prices for rentals in 23220, Richmond, VA can fluctuate yearly. Specifically, studio rental prices have changed by -0.39%, one bedroom rental prices have changed by 0.23%, two bedroom rental prices have changed by 0.07%, three bedroom rental prices have changed by -0.41% year-over-year.

What is a reasonable rent price in 23220, Richmond, VA?

A reasonable rent price in 23220, Richmond, VA is around $1,487/month. You can search for these reasonably priced rental listings on RentHop.