What's the average rent in Richmond, VA?

Rental Market Trends in Richmond, VA

SOURCE: TRULIA DATA

Rental market highlights

As of September 2026, the average rent in Richmond, VA is $1,695 per month, which is 14% lower than the national average rent of $1,962 per month.

AVERAGE RENT

$1,695
-0.3%
-$5 decrease month-over-month
2.7%
$44 increase year-over-year

AVAILABLE RENTALS

1,117

APARTMENTS

$1,455

HOUSES

$2,214

TOWNHOUSES

$1,950
As of September 2026, apartments are the most affordable rental option in Richmond, VA at $1,455 per month, while houses are the most expensive at $2,214 per month. Townhomes average $1,950 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan typeAverage rent
1 Bedroom$1,375
2 Bedrooms$1,650
3 Bedrooms$2,200
4 Bedrooms$2,495
All$1,695
As of September 2026, the average rent for a 1 bedroom rental in Richmond, VA is $1,375 per month, followed by $1,650 for a 2 bedroom rental, $2,200 for a 3 bedroom rental, and $2,495 for a 4 bedroom rental.

Average rent trends and rent ranges

Average rent price over time

In the past year, rent has increased by +5% compared to the previous year, which is a +$73 increase.
This year (2026)
Last year (2025)

Rent distribution

40% of rentals have rent of $1,500-$2,199/month

Rental price range

The price range for rentals is $518 to $5,900.
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