Average Rent in Richmond, VA

Richmond rentals average $1,375 for a 1-bedroom rental to $2,799 for a 4-bedroom rental. The median price of all currently available listings is $1,935, or roughly $2 per square feet.

For the apartment units and housing in April 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $11 (-0.98%) year-over-year from $1,106 to $1,095. 1-bedroom rentals prices have increased by $3 (0.27%) year-over-year from $1,247 to $1,250. 2-bedroom rentals prices have increased by $8 (0.51%) year-over-year from $1,468 to $1,475. 3-bedroom rentals prices have increased by $177 (8.42%) year-over-year from $2,098 to $2,275. 4-bedroom rentals prices have increased by $2 (0.06%) year-over-year from $2,748 to $2,750. 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 0.83% this month. 1-bedroom rents have gone down by 0.99% this month. 2-bedroom rents have gone up by 1.28% this month. 3-bedroom rents have gone up by 2.25% this month. 4-bedroom rents have gone down by 7.77% this month.