Cheap Apartments for Rent in 23227
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SPECIAL OFFERPET FRIENDLY$1,065 - $1,885/mo
1-3 Beds
1-2 BathsColonial Apartments | 5501 Pony Farm Dr #5540D,
Richmond, VA 23227
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INCOME RESTRICTED$1,125 - $1,395/mo1-3 Beds1-2 BathsRichfield Place Apartments | 6001 Grammarcy Cir #1708688,
Richmond, VA 23227
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PET FRIENDLY$1,889 - $2,399/mo1-2 Beds1-3 BathsCanopy at Ginter Park Apartments | 3200 Brook Rd #3268304,
Richmond, VA 23227
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Average Rent Trends in 23227
Rent in 23227 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent decreased in May 2026 compared to the previous month. Rent previously peaked in Oct 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $1,516 |
| Jul 2025 | $1,600 |
| Aug 2025 | $1,500 |
| Sep 2025 | $1,486 |
| Oct 2025 | $1,700 |
| Nov 2025 | $1,421 |
| Dec 2025 | $1,500 |
| Jan 2026 | $1,513 |
| Feb 2026 | $1,645 |
| Mar 2026 | $1,574 |
| Apr 2026 | $1,300 |
| May 2026 | $1,281 |
Average Rent By Bedroom and Home Type
In May 2026, Apartments and Condos were the most affordable home type to rent compared with Houses and Townhomes.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,095 | $1,275 | $1,895 | $2,850 | $1,277 |
| Townhomes | — | — | $2,300 | — | $2,300 |
| Apartments and Condos | $995 | $1,250 | — | $2,850 | $1,095 |
| Houses | $1,100 | $1,200 | $1,850 | $3,000 | $1,850 |
Frequently Asked Questions about Rentals in 23227
- What is the average rent of an apartment in 23227?The average rent of an apartment in 23227 is $1,480 per month. This is about 23% lower than the national average.
- What is the average rent of a house in 23227?The average rent of a house in 23227 is $1,850 per month. This is about 4% lower than the national average.
- What is the average rent of a townhome in 23227?The average rent of a townhome in 23227 is $2,300 per month. This is about 19% higher than the national average.
- When is the average rent cheapest in 23227?In the last year, the average rent in 23227 was lowest in May 2025 when it was $1,400 per month.
- When is the average rent most expensive in 23227?In the last year, the average rent in 23227 was highest in Oct 2025 when it was $1,700 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 23227?The average rent of a 1 bedroom apartment in 23227 is $1,095 per month. That is about $500 more than the cost of a studio apartment.
- How many available rental listings are in 23227?There are 57 available rental listings in 23227.
- What are some cities near 23227?Some nearby cities include: Chamberlayne, Lakeside, East Highland Park, Henrico, Montrose, Richmond. These cities may have more rental options to explore.