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

Summary

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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