Rentometer, Inc. | Data as of 10/22/2025
Richmond’s metro rental market offers a balanced mix of apartments and single‑family homes, catering to everyone from young professionals to growing families. Studio apartments typically sit in the $1,200 range, while one‑bedroom units often average around $1,400–$1,500, providing an affordable entry point near vibrant neighborhoods such as The Fan and Carytown. Two‑bedroom apartments trend upward into the $1,700–$1,800 bracket, and larger three‑ and four‑plus‑bedroom units reach the $2,100 and $2,500 ranges respectively, making them well‑suited for roommates or small households seeking space close to downtown attractions and the scenic James River waterfront.
For those preferring a house, Richmond delivers comparable pricing with one‑bedroom homes averaging just above $1,200 and two‑bedroom homes near $1,400–$1,500, while three‑bedroom houses commonly fall in the $2,000–$2,100 range. Larger homes with four or more bedrooms generally command a market in the mid‑$2,500s, offering ample room for families drawn to historic districts like Church Hill or the leafy suburbs along the silicon‑rich corridor. Across the metro area, renters benefit from a diverse inventory of modern high‑rise apartments, charming older duplexes, and spacious suburban properties, all set against Richmond’s rich cultural heritage, thriving arts scene, and easy access to outdoor recreation along the river and park trails.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,245 | $1,125 | $715 - $2,384 | $1,025 - $1,404 |
| Apartment | 1 Bedroom | $1,454 | $1,389 | $529 - $2,985 | $1,250 - $1,671 |
| Apartment | 2 Bedroom | $1,820 | $1,709 | $795 - $5,275 | $1,499 - $2,009 |
| Apartment | 3 Bedroom | $2,122 | $1,962 | $807 - $3,747 | $1,700 - $2,400 |
| House | 1 Bedroom | $1,060 | $1,162 | $566 - $1,350 | $1,100 - $1,350 |
| House | 2 Bedroom | $1,543 | $1,525 | $870 - $2,700 | $1,150 - $1,890 |
| House | 3 Bedroom | $2,095 | $2,000 | $750 - $5,500 | $1,675 - $2,400 |
| House | 4+ Bedroom | $2,578 | $2,495 | $1,595 - $3,600 | $2,295 - $2,800 |
In the current period, the average rent in Richmond, VA was $1,245 for Studio, $1,444 for 1 Bedroom, $1,764 for 2 Bedroom, $2,102 for 3 Bedroom, and $2,537 for 4+ Bedroom.
Data provided by Rentometer, Inc.