Rentometer, Inc. | Data as of 10/22/2025
Richmond’s rental market offers a diverse mix of apartments and houses across its vibrant neighborhoods, from the historic charm of Church Hill to the bustling streets of Carytown. Prospective renters can find compact studio apartments comfortably situated in the $1200‑$1300 range, while one‑bedroom units typically anchor in the $1400‑$1500 bracket. Larger apartments, such as two‑bedrooms and three‑bedrooms, are often priced in the $1600‑$2300 spectrum, providing ample space for growing families or professionals seeking extra room. Premium four‑plus‑bedroom apartments command rates in the $2500‑$3100 area, reflecting their expansive layouts and prime locations near the James River waterfront.
For those who prefer the privacy of a stand‑alone home, Richmond’s houses present competitive options. One‑bedroom homes generally align with the $1200‑$1300 range, while two‑bedroom houses are commonly found in the $1500‑$1600 bracket. Three‑bedroom homes often sit between $2000‑$2100, and larger four‑plus‑bedroom residences are typically priced in the $2500‑$2700 window. These homes are frequently located in family‑friendly districts such as West End and Near West End, offering easy access to schools, parks, and the city’s thriving dining scene.
Beyond price points, Richmond’s rental landscape is enriched by its cultural attractions, including the Virginia Museum of Fine Arts, the historic Monument Avenue, and the lively nightlife of Shockoe Bottom. Whether you’re a student at VCU, a young professional, or a family looking to settle into a historic neighborhood, Richmond’s varied housing stock and welcoming community make it a compelling place to call home.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,183 | $1,125 | $799 - $1,750 | $1,050 - $1,269 |
| Apartment | 1 Bedroom | $1,470 | $1,405 | $984 - $2,645 | $1,299 - $1,624 |
| Apartment | 2 Bedroom | $1,792 | $1,664 | $800 - $5,775 | $1,449 - $1,944 |
| Apartment | 3 Bedroom | $2,352 | $2,025 | $807 - $6,175 | $1,619 - $2,502 |
| Apartment | 4+ Bedroom | $3,867 | $3,747 | $726 - $7,250 | $1,620 - $7,250 |
| House | 1 Bedroom | $1,164 | $1,212 | $800 - $1,428 | $995 - $1,364 |
| House | 2 Bedroom | $1,418 | $1,350 | $610 - $2,500 | $967 - $1,750 |
| House | 3 Bedroom | $2,117 | $2,150 | $960 - $3,800 | $1,800 - $2,350 |
| House | 4+ Bedroom | $2,567 | $2,500 | $1,178 - $4,595 | $2,199 - $2,750 |
In the current period, the average rent in Richmond was $1,239 for Studio, $1,450 for 1 Bedroom, $1,736 for 2 Bedroom, $2,172 for 3 Bedroom, and $2,590 for 4+ Bedroom.
Data provided by Rentometer, Inc.