Cheap Apartments for Rent in 23231
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SPECIAL OFFERPET FRIENDLY$1,502 - $2,501/mo
1-2 Beds
1-2 BathsEast 51 At Rocketts Landing | 5101 Old Main St,
Richmond, VA 23231
SPECIAL OFFERPET FRIENDLY$1,545 - $2,327/mo1-2 Beds1-2 BathsThe Waterford At Rocketts Landing | 4501 E Main St,
Henrico, VA 23231
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Average Rent Trends in 23231
Rent in 23231 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent decreased in Aug 2026 compared to the previous month. Rent previously peaked in Dec 2025.
| Month | Average rent |
|---|---|
| Sep 2025 | $1,195 |
| Oct 2025 | $1,195 |
| Nov 2025 | $1,295 |
| Dec 2025 | $1,352 |
| Jan 2026 | $1,754 |
| Feb 2026 | $1,777 |
| Mar 2026 | $1,625 |
| Apr 2026 | $1,695 |
| May 2026 | $1,595 |
| Jun 2026 | $1,500 |
| Jul 2026 | $1,720 |
| Aug 2026 | $1,650 |
Average Rent By Bedroom and Home Type
In August 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 | $1,431 | $1,295 | $1,950 | $1,226 | $1,649 |
| Townhomes | — | $1,295 | $2,350 | — | $2,350 |
| Apartments and Condos | $995 | $1,195 | $1,799 | $1,226 | $1,195 |
| Houses | $1,250 | $1,606 | $1,950 | $2,950 | $1,850 |
Frequently Asked Questions about Rentals in 23231
- What is the average rent of an apartment in 23231?The average rent of an apartment in 23231 is $1,255 per month. This is about 36% lower than the national average.
- When is the average rent cheapest in 23231?In the last year, the average rent in 23231 was lowest in May 2025 when it was $1,095 per month.
- When is the average rent most expensive in 23231?In the last year, the average rent in 23231 was highest in Dec 2025 when it was $1,352 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 23231?The average rent of a 1 bedroom apartment in 23231 is $1,431 per month. That is about $81 more than the cost of a studio apartment.
- How many available rental listings are in 23231?There are 55 available rental listings in 23231.
- What are some cities near 23231?
View this page in Spanish: Apartamentos baratos en renta en 23231 - 105 Rentas | Trulia