Average Rent in Richmond, VA

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Current Versus Historical Richmond, VA Rents

Richmond rentals average $1,794 for a studio rental to $2,950 for a 4-bedroom rental. The median price of all currently available listings is $1,895, or roughly $19 per square feet.

For the apartment units and housing in October 2026, median rents have risen substantially over the last year. Studio rentals prices have increased by $392 (27.91%) year-over-year from $1,403 to $1,794. 1-bedroom rentals prices have increased by $427 (31.43%) year-over-year from $1,360 to $1,787. 2-bedroom rentals prices have increased by $508 (36.38%) year-over-year from $1,395 to $1,903. 3-bedroom rentals prices have decreased by $145 (-5.99%) year-over-year from $2,420 to $2,275. 4-bedroom rentals prices have increased by $325 (12.26%) year-over-year from $2,650 to $2,975. 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 up by 10.67% this month. 1-bedroom rents have gone up by 17.48% this month. 2-bedroom rents have gone up by 13.08% this month. 3-bedroom rents have gone up by 23.69% this month. 4-bedroom rents have gone up by 33.76% this month.

Beds	Price / Sqft	Oct 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	N/A	$1,794	$1,403 (27.91%)	$1,533 (17.00%)
1 BR	$22.11	$1,787	$1,360 (31.43%)	$1,360 (31.43%)
2 BR	$21.22	$1,903	$1,395 (36.38%)	$1,434 (32.66%)
3 BR	$18.60	$2,275	$2,420 (-5.99%)	$1,950 (16.67%)
4+ BR	$18.10	$2,975	$2,650 (12.26%)	$2,583 (15.16%)

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 $2,198. That's roughly around $18 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 $1,895. 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 9.99% 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	$1,794	$1,768	$1,875	$1,895
Chesterfield, VA	N/A	N/A	$1,500	$2,500

Top Zipcodes Near Richmond

Zipcode	Studio	1 Bed	2 Bed	All

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 $1,895. 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 $1,794. There are a total of 2 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 $1,768 and an average price per square feet of $22.11. There are a total of 51 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 $1,875 and an average price per square feet of $21.22. There are a total of 38 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 0.28%, one bedroom rental prices have changed by 0.31%, two bedroom rental prices have changed by 0.36%, three bedroom rental prices have changed by -0.06% year-over-year.

What is a reasonable rent price in Richmond, VA?

A reasonable rent price in Richmond, VA is around $1,516/month. You can search for these reasonably priced rental listings on RentHop.