Last Updated on September 21, 2022
Median rent for Apartments in Richmond, VA – $1,339/mo
Median rent for studio apartments in Richmond – $995
Median rent for 1-bedroom apartments in Richmond – $1,195
Median rent for 2-bedroom apartments in Richmond – $1,450
Median rent for 2-bedroom apartments in Richmond – $1,848
Median rent for single-family homes in Richmond – $1,649/mo
Median rent for 1-bedroom houses in Richmond – $1,343
Median rent for 2-bedroom houses in Richmond – $1,315
Median rent for 3-bedroom houses in Richmond – $1,700
Median rent for 4-bedroom houses in Richmond – $2,225
The median rent for Richmond, VA was 23% more than the median rent for the previous year. Similar to many cities across the United States, the median rent for home rentals is greater than that of apartment rentals in Richmond. This trend has grown even more prevalent with the increase in demand for single-family rentals. However, the median cost of rent for apartments has grown 12% in the past twelve months, whereas single-family rentals have only increased by 3%.
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