Cheap Apartments for Rent in Richmond, VA
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SPECIAL OFFER$809 - $1,470/mo
Studio-2 Beds
1-2 BathsTownhouses of Chesterfield II | 2231 Chalfont Dr,
Richmond, VA 23224
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APPLY INSTANTLYFURNISHEDROOM FOR RENT
APPLY INSTANTLYFURNISHEDROOM FOR RENT
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APPLY INSTANTLYFURNISHEDROOM FOR RENT
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SPECIAL OFFERPET FRIENDLY$975 - $1,300/mo1-2 Beds1 BathThe Residences of Westover Hills | 5852 Westower Dr,
Richmond, VA 23225
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Average Rent Trends in Richmond, VA
Rent in Richmond, VA varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent stayed about the same in Sep 2026 compared to the previous month. Rent previously peaked in May 2025.
| Month | Average rent |
|---|---|
| Oct 2025 | $1,610 |
| Nov 2025 | $1,595 |
| Dec 2025 | $1,595 |
| Jan 2026 | $1,597 |
| Feb 2026 | $1,600 |
| Mar 2026 | $1,700 |
| Apr 2026 | $1,695 |
| May 2026 | $1,700 |
| Jun 2026 | $1,695 |
| Jul 2026 | $1,695 |
| Aug 2026 | $1,695 |
| Sep 2026 | $1,695 |
Average Rent By Bedroom and Home Type
In September 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,374 | $1,650 | $2,150 | $2,470 | $1,679 |
| Townhomes | $1,600 | $1,650 | $2,000 | $2,600 | $1,895 |
| Apartments and Condos | $1,299 | $1,650 | $2,100 | $1,252 | $1,595 |
| Houses | $1,350 | $1,599 | $2,200 | $2,499 | $2,200 |
Frequently Asked Questions about Rentals in Richmond, VA
- What is the average rent of an apartment in Richmond, VA?The average rent of an apartment in Richmond, VA is $1,457 per month. This is about 25% lower than the national average.
- What are the cheapest months to find an apartment to rent in Richmond, VA?Last year, the cheapest month to find an apartment to rent was Jan 2025 when it was $1,545 per month.
- How many cheap apartments are available in Richmond, VA?There are 580 apartments to rent that are cheaper than the city’s average rent of $1,679.
- When is the average rent most expensive in Richmond, VA?In the last year, the average rent in Richmond, VA was highest in May 2025 when it was $1,680 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in Richmond, VA?The average rent of a 1 bedroom apartment in Richmond, VA is $1,374 per month. That is about $142 more than the cost of a studio apartment.
- What colleges and universities are in Richmond, VA?Colleges and universities in Richmond, VA include: Virginia Commonwealth University.
- What are some neighborhoods in Richmond, VA?Some neighborhoods in Richmond, VA include: Bon Air, The Fan, The Museum District, Fulton, North Highland Park.
- What are some zip codes in Richmond, VA?
- What are some cities near Richmond, VA?Some nearby cities include: Henrico, Bensley, Montrose, Lakeside, Chamberlayne. These cities may have more rental options to explore.
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