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99 Studio Apartments for rent in Richmond, CA

Last updated November 18 at 5:16pm UTC
Results within 5 miles of Richmond, CA
1122U
1122 University Ave
Berkeley, CA
Updated November 18 at 4:18pm UTC
Studio
$2,369
598 Dutch Elm Dr
Country Run
Hercules, CA
Updated November 15 at 11:59am UTC
Studio
$1,600
2555 Le Conte Ave
Northside
Berkeley, CA
Updated November 15 at 11:53am UTC
Studio
$1,995
Results within 10 miles of Richmond, CA
Fourth Street East
180 Third St
Oakland, CA
Updated November 18 at 4:18pm UTC
Studio
$2,775

November 2018 Richmond Rent Report

Welcome to the November 2018 Richmond Rent Report. Richmond rents declined over the past month. In this report, we'll evaluate trends in the Richmond rental market, including comparisons to cities throughout the metro, state, and nation.

View full Richmond Rent Report
Rent Report
Richmond

November 2018 Richmond Rent Report

Welcome to the November 2018 Richmond Rent Report. Richmond rents declined over the past month. In this report, we'll evaluate trends in the Richmond rental market, including comparisons to cities throughout the metro, state, and nation.

Richmond rents decline sharply over the past month

Richmond rents have declined 1.0% over the past month, but have increased significantly by 4.4% in comparison to the same time last year. Currently, median rents in Richmond stand at $2,130 for a one-bedroom apartment and $2,680 for a two-bedroom. Richmond's year-over-year rent growth leads the state average of 1.3%, as well as the national average of 1.1%.

Rents rising across the San Francisco Metro

Throughout the past year, rent increases have been occurring not just in the city of Richmond, but across the entire metro. Of the largest 10 cities that we have data for in the San Francisco metro, 9 of them have seen prices rise. Here's a look at how rents compare across some of the largest cities in the metro.

  • Richmond has seen the fastest rent growth in the metro, with a year-over-year increase of 4.4%. The median two-bedroom there costs $2,680, while one-bedrooms go for $2,130.
  • Over the past month, Concord has seen the biggest rent drop in the metro, with a decline of 1.9%. Median two-bedrooms there cost $3,080, while one-bedrooms go for $2,450.
  • Oakland has the least expensive rents in the San Francisco metro, with a two-bedroom median of $2,250; rents fell 1.4% over the past month but rose 1.9% over the past year.
  • San Mateo has the most expensive rents of the largest cities in the San Francisco metro, with a two-bedroom median of $4,430; rents rose 3.4% over the past year but remained flat month-over-month.

Many large cities nationwide show more affordable rents compared to Richmond

As rents have increased significantly in Richmond, a few large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Compared to most large cities across the country, Richmond is less affordable for renters.

  • Rents increased slightly in other cities across the state, with California as a whole logging rent growth of 1.3% over the past year. For example, rents have grown by 2.7% in San Jose, 1.3% in Los Angeles, and 0.9% in San Diego.
  • Richmond's median two-bedroom rent of $2,680 is above the national average of $1,180. Nationwide, rents have grown by 1.1% over the past year compared to the 4.4% increase in Richmond.
  • While Richmond's rents rose significantly over the past year, the city of Seattle saw a decrease of 1.3%.
  • Renters will generally find more expensive prices in Richmond than most large cities. For example, Phoenix has a median 2BR rent of $1,050, where Richmond is more than two-and-a-half times that price.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
City Median 1BR price Median 2BR price M/M price change Y/Y price change
San Francisco $2,470 $3,100 -0.3% 1.2%
Oakland $1,790 $2,250 -1.4% 1.9%
Fremont $2,960 $3,710 0.3% 3.6%
Hayward $2,290 $2,880 0.2% 3.0%
Concord $2,450 $3,080 -1.9% 2.5%
Berkeley $2,060 $2,590 0.7% 1.2%
Richmond $2,130 $2,680 -1.0% 4.4%
Antioch $2,870 $3,610 -0.5% -0.5%
Daly City $2,470 $3,110 0.2% 4.1%
San Mateo $3,520 $4,430 0.0% 3.4%
See more

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.