Average rent in richmond virginia Vacancy Rates Moderate The average size of a Richmond, VA apartment is 813 square feet, while the median apartment size for Richmond, VA is 785 square feet. In 2024, rent growth will continue to moderate as supply grows and vacancies rise but rental prices will not see a dramatic decline. $1,355+ 1 bd. 1 Average gross rent in Richmond was $1,119 in 2019. Dec 9, 2024 · The average rent price in Richmond was $1,455 last month, down $24 month over month. 0% less expensive than the national average, with rent falling between $1,259 – $1,991. A 1-bedroom apartment in Shockoe Bottom, Richmond, VA costs about $1,315 on average, while a 2-bedroom apartment is $1,712. The city boasts an array of rental options, from charming historic homes nestled in Church Hill to sleek modern apartments in the lively Scott's Addition area. Richmond, VA Jan 17, 2024 · At the local level, Richmond had the smallest increase in effective rent this quarter at 1. The monthly rent for an apartment in The Museum District, Richmond, VA is $1,495. A 1-bedroom apartment in The Museum District, Richmond, VA costs about $1,280 on average, while a 2-bedroom apartment is $1,804. Downtown Richmond, Richmond, VA Rental Market Trends What is the average rent in Downtown Richmond? The average rent for an apartment in Downtown Richmond is $1,711. Find your next Three bedroom house for rent that you'll love in Richmond VA on Zillow. 1 Bedroom Apartments for Rent in Richmond VA. The Metro Code or CBSA code for this region is METRO40060M40060. Areas such as Afton, Ashton Woods North, and Brentwood - Bendahl Valley are among the most affordable, each with average rent at $1,229 per month. 8%, while Charlottesville saw rent increase the most, rising to 6. Houses for rent in The Museum District, Richmond, VA are more expensive, with an average monthly cost of $2,950. Houses for rent in Manchester, Richmond, VA are more expensive, with an average monthly cost of $2,300. A 1-bedroom apartment in Manchester, Richmond, VA costs about $1,242 on average, while a 2-bedroom apartment is $1,612. The Fan, Richmond, VA Rental Market Trends What is the average rent in The Fan? The average rent for an apartment in The Fan is $1,731. The monthly rent for an apartment in Shockoe Bottom, Richmond, VA is $1,475. The cost of living in Richmond, VA is 4. 5% more than in 2021 and 22% more than in 2020. A 1-bedroom apartment in Richmond, VA costs about $1,513 on average, while a 2-bedroom apartment is $1,735. Houses for rent in Church Hill, Richmond, VA are more expensive, with an average monthly cost of $1,800. Houses for rent in The Fan, Richmond, VA are more expensive, with an average monthly cost of $2,000. 854 rentals available. However, square footage varies based on unit type. Jan 21, 2025 · Rent comparables in VCU, Richmond, VA. The average rent for an apartment in Richmond is about $1,365, which is around 13% lower than the national average rent of $1,564 per month. Richmond, VA Rental Market Trends What is the average rent in Richmond? The average rent for an apartment in Richmond is $1,558. 5 days ago · Research rental market trends in Richmond, VA. Special Offer Jan 22, 2025 · What is the average rent in Virginia? The median rent in Virginia is $1,950. The median monthly gross residential rent in Richmond, VA (the Richmond metro area) was $1,155 in 2019 according to the Census ACS survey. See full list on rentcafe. Chesterfield Village | 211 Lingstorm Ln, Richmond, VA. Most rentals in Richmond, VA (43. The cost of rent varies depending on several factors, including location, size, and quality. 2%) are studio apartments. See the average rent, monthly and annual rent changes and compare rental costs across locations. 6%). The average rent in Richmond is $1,369. Jan 22, 2025 · The average rent in Richmond, VA is $1,558. A 1-bedroom apartment in Church Hill, Richmond, VA costs about $1,764 on average, while a 2-bedroom apartment is $1,852. Units with 4 beds, on the other hand, hold the lowest percentage (5%), amounting to 2,759 units. That price is 11. 5%. . Jan 9, 2025 · Rent comparables in Carytown, Richmond, VA. 2. com has recently released new data on the average cost of rent in Richmond. Jan 22, 2025 · Richmond’s rent growth over the past year has has fallen behind the state average (3. 3 days ago · The national average price of rental apartments is $1,748, while the average monthly rent in Downtown Richmond, Richmond, VA is $1,711. 3 days ago · Rent comparables in The Fan, Richmond, VA. The monthly rent for an apartment in VCU, Richmond, VA is $1,435. When it comes to 1-bedroom apartments, the average rent in Richmond, VA, is $1,410. Richmond, VA, presents a vibrant tapestry of history and contemporary culture, creating an inviting atmosphere for those drawn to dynamic communities. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 4%. Cost of Living in Richmond, VA. Getting around in Downtown Richmond, VA 92 /100 This FMR rate applies to Mannboro, VA, Ford, VA, Jetersville, VA, Rice, VA, Church Road, VA, Amelia Court House, VA and other cities within the region. 3. What is the price range for a studio apartment in Richmond, VA? The price range for a studio apartment in Richmond, VA is 4 days ago · Shockoe Bottom, Richmond, VA. For a studio apartment in Richmond, VA, the average rent is $1,382. Richmond, VA Houses for Rent. How much does it cost to rent a house in Virginia? Houses in Virginia rent between $100 - $33,500 with a median rent of $1,950. Richmond rent growth in 2024 pacing above last year Twelve months into the year, rents in Richmond have risen 0. The monthly rent for an apartment in Manchester, Richmond, VA is $1,425. (WRIC) — Apartments. When you rent an apartment in Richmond, you can expect to pay as little as $1,259 or as much as $1,991, depending on the location and the size of the apartment. The monthly rent for an apartment in Church Hill, Richmond, VA is $1,684. As of May 2023, the average monthly rent for a one-bedroom apartment in the city is There are 23,912 rentals in Richmond, Virginia with 2 beds making up the highest share of the market, at 42%. 39%) are 2 bedroom apartments, while the fewest (2. 1001 East Byrd Street, Richmond, VA 23219. Houses for rent in Richmond, VA are more expensive, with an average monthly cost of $2,195. 1–2 Beds • 1–2 Baths • 616–1,371 Sqft Jun 10, 2022 · Data from commercial real estate company CoStar showed the average rent in the Richmond area was $1,415 a month in 2022. For comparison, the national average rent price in the US is currently $1,554/month, which means Richmond rent prices are 12% lower than the national average. The Locks Tower. As of January 2025, the average rent in Richmond, VA is $1,369 per month. Generally, housing in Richmond is 15. A 1-bedroom apartment in VCU, Richmond, VA costs about $1,400 on average, while a 2-bedroom apartment is $976. The monthly rent for an apartment in The Fan, Richmond, VA is $1,445. A 1-bedroom apartment in The Fan, Richmond, VA costs about $1,132 on average, while a 2-bedroom apartment is $1,664. A 1-bedroom apartment in Carytown, Richmond, VA costs about $1,518 on average, while a 2-bedroom apartment is $1,903. May 25, 2023 · RICHMOND, Va. Houses for rent in Carytown, Richmond, VA are more expensive, with an average monthly cost of $2,275. Sort: Recommended. 8%) but has outpaced the national average (-0. Additionally, This Fair Market Rent (FMR) area Richmond, VA MSA spans one county or city in Virginia which is listed in the table The average apartment rent in Henrico is $1,564. 8% lower than the national average. com 4 days ago · The monthly rent for an apartment in Richmond, VA is $1,595. How has the rent in Virginia changed in the last year? The median rent price in Virginia for January 2025 is $1,950. Use our detailed filters to find the perfect spot that fits all your requirements and more. Church Hill, Richmond, VA. Neighborhoods play a significant role in rent prices. The monthly rent for an apartment in Carytown, Richmond, VA is $1,582. Jan 22, 2025 · Rent comparables in Manchester, Richmond, VA. 5 days ago · The average rent for apartments in Richmond, VA, is between $1,382 and $1,744 in 2025. Browse detailed statistics & rent trends, compare apartment sizes and rent prices by neighborhood. oksv oakhfqszl hyhe dgtrdub lwpu fkswnyz ekkkgfz proc mpcsfrf mrmvv