Average Rent in Richmond, VA

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Current Versus Historical Richmond, VA Rents

Richmond rentals average $1,448 for a studio rental to $2,875 for a 4-bedroom rental. The median price of all currently available listings is $1,800, or roughly $21 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 increased by $46 (3.24%) year-over-year from $1,403 to $1,448. 1-bedroom rentals prices have increased by $354 (25.11%) year-over-year from $1,408 to $1,762. 2-bedroom rentals prices have increased by $263 (18.02%) year-over-year from $1,462 to $1,725. 3-bedroom rentals prices have decreased by $146 (-6.53%) year-over-year from $2,233 to $2,088. 4-bedroom rentals prices have increased by $125 (4.55%) year-over-year from $2,750 to $2,875. 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 2.57% this month. 1-bedroom rents have gone up by 8.87% this month. 2-bedroom rents have gone up by 9.52% this month. 3-bedroom rents have gone down by 9.66% this month. 4-bedroom rents have gone down by 7.99% this month.

Beds	Price / Sqft	Aug 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$21.69	$1,448	$1,403 (3.24%)	$1,389 (4.26%)
1 BR	$22.11	$1,762	$1,408 (25.11%)	$1,345 (31.04%)
2 BR	$22.85	$1,725	$1,462 (18.02%)	$1,513 (13.99%)
3 BR	$19.50	$2,088	$2,233 (-6.53%)	$2,098 (-0.50%)
4+ BR	$18.70	$2,875	$2,750 (4.55%)	$2,633 (9.21%)

Historical Rents in Richmond, VA

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Richmond

City	Studio	1 Bed	2 Bed	All

Top Neighborhoods Near Richmond

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near Richmond

There are a total of 2 counties located by 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 Richmond, VA.

Typically, rent for studios in Richmond, VA is 50.00% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Richmond, VA is 50.00% more expensive than other counties nearby. Finally, rent for two bedrooms in Richmond, VA is 7.14% 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 Richmond

There is one zipcode in or near Richmond, VA. The average rent for this zipcode is $1,859.

The following table includes the zipcode in or near Richmond, VA. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
23220, Richmond, VA	$1,175	$1,830	$1,675	$1,859

Frequently Asked Questions - Richmond Average Rents

What is the average rent price in Richmond, VA?

The average monthly rental price for Richmond, VA apartments for rent is approximately $1,800. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 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 Richmond, VA.

How much is a studio apartment in Richmond, VA?

The average monthly rental price for studio apartments is $1,448 and an average price per square feet of $21.69. There are a total of 4 studio apartment listings currently available for rent in Richmond.

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

The average monthly rental price for one bedroom apartments is $1,762 and an average price per square feet of $22.11. There are a total of 54 one bedroom apartment listings currently available for rent in Richmond.

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

The average monthly rental price for two bedroom apartments is $1,750 and an average price per square feet of $22.85. There are a total of 47 two bedroom apartment listings currently available for rent in Richmond.

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

Rent prices for rentals in Richmond, VA can fluctuate yearly. Specifically, studio rental prices have changed by 0.03%, one bedroom rental prices have changed by 0.25%, two bedroom rental prices have changed by 0.18%, three bedroom rental prices have changed by -0.07% year-over-year.

What is a reasonable rent price in Richmond, VA?

A reasonable rent price in Richmond, VA is around $1,440/month. You can search for these reasonably priced rental listings on RentHop.