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Last updated September 24 2020 at 7:55 AM

166 Apartments for rent in Richmond, VA

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The Fan
Shockoe Bottom
The Museum District
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Jackson Ward
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Check out 166 verified apartments for rent in Richmond, VA with rents starting as low as $600. Some apartments for rent in Richmond might offer rent specials. Look out for the
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rent special icon!
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Verified
90 Units Available
The Scout at Scott’s Addition
947 Myers Street
Richmond, VA | Museums
Studio
$1,250
555 sqft
1 Bedroom
$1,255
709 sqft
2 Bedrooms
$1,695
1159 sqft
Last updated September 24 at 07:49 AM
We've taken every step to make sure that life at The Scout is everything you hoped it would be and just a little bit more.
Verified
18 Units Available
Courthouse Green
6417 Statute St
Richmond, VA
1 Bedroom
$1,043
670 sqft
2 Bedrooms
$1,260
963 sqft
3 Bedrooms
$1,417
1163 sqft
Last updated September 24 at 07:49 AM
These traditional Chesterfield homes are close to Interstate 95 and just 15 minutes from downtownn Richmond. Units boast bathtubs, ceiling fans and ice makers. Playground, pool and tennis court are all located on-site.
Verified
4 Units Available
Copper Mill Apartments
3400 Coppermill Trce
Richmond, VA
1 Bedroom
$1,320
697 sqft
2 Bedrooms
$1,899
989 sqft
Last updated September 24 at 07:49 AM
Located just minutes away from West Broad Street and I-64 with easy access to shopping and dining. Landscaped community with large pool and poolside fire pit. Units have private patio/balcony.
Verified
25 Units Available
The Edge
1914 E Franklin St
Richmond, VA | Shockoe Bottom
1 Bedroom
$1,105
645 sqft
2 Bedrooms
$1,698
1039 sqft
Last updated September 24 at 07:48 AM
Pet friendly one- and two-bedroom apartments near I-95. Unit amenities include in-unit laundry, kitchen appliances and air conditioning. Community features gym, pool, clubhouse, business center and more.
Verified
12 Units Available
Symbol
1814 Highpoint Avenue
Richmond, VA | Scott's Addition
1 Bedroom
$1,273
763 sqft
2 Bedrooms
$1,645
1180 sqft
3 Bedrooms
Ask
Last updated September 24 at 07:48 AM
We've built one of the most interesting living experiences possible, right here in the heart of one of Richmond's most exciting and dynamic neighborhoods.
$
Verified
20 Units Available
Preserve at Scott's Addition
1310 Roseneath Rd
Richmond, VA | Scott's Addition
Studio
Ask
1 Bedroom
$1,253
727 sqft
2 Bedrooms
$1,743
1056 sqft
Last updated September 24 at 07:48 AM
The Preserve at Scott's Addition is the joining of two buildings built decades apart, a true mix of historic architecture and modern design. Phase 1 is the complete renovation of the historic Coca Cola Building.
$
Verified
23 Units Available
Cedar Broad
1820 E Broad St
Richmond, VA | Shockoe Bottom
1 Bedroom
$1,040
555 sqft
2 Bedrooms
$1,393
829 sqft
3 Bedrooms
Ask
Last updated September 24 at 07:48 AM
New construction with rooftop lounge. High ceilings and stainless steel appliances. Walk-in closets, extra storage, and in-unit laundry. Community has game room, coffee bar, and bike storage. Key fob access.
Verified
22 Units Available
American Tobacco Center
119 N 20th St
Richmond, VA | Shockoe Bottom
1 Bedroom
$1,023
607 sqft
2 Bedrooms
$1,309
972 sqft
3 Bedrooms
$2,324
1209 sqft
Last updated September 24 at 07:48 AM
Historic apartments with wonderful views of Richmond. Homes feature granite counters, hardwood floors, and stainless steel appliances. Community includes a bocce court, internet cafe, and bike storage. Close to the Edgar Allan Poe Museum.
Verified
2 Units Available
Shockoe Commons Main Street
1209 E Main St
Richmond, VA | Shockoe Slip
1 Bedroom
$1,183
774 sqft
2 Bedrooms
Ask
Last updated September 24 at 07:48 AM
Live in the Shockoe Bottom district of Richmond. Walk-in closets and washers and dryers in apartments. All utilities included in cost of rent. Lots of dining and shopping. Two blocks from the Virginia State Capitol.
Verified
1 Unit Available
Landmark at 1700
1700 West Main Street
Richmond, VA | The Fan
1 Bedroom
$1,340
623 sqft
Last updated September 24 at 07:48 AM
If you've been seeking a sophisticated home with an all-electric kitchen, private entrances, and spacious balconies to suit your style, then you've found what you've been looking for in Landmark at 1700.
Verified
14 Units Available
Dill Building
2020 E Franklin St
Richmond, VA | Shockoe Bottom
1 Bedroom
$1,444
682 sqft
2 Bedrooms
$1,295
845 sqft
3 Bedrooms
$2,074
1506 sqft
Last updated September 24 at 07:48 AM
Luxury apartments with stainless steel appliances, hardwood floors, granite counters and in-unit laundry. Maintenance day or night. Gym, cyber cafe and coffee bar on site. Blocks from Friends of Jefferson Park. Easy access to I-95.
Verified
6 Units Available
Bristol Village at Charter Colony
500 Bristol Village Dr
Richmond, VA
1 Bedroom
$1,215
956 sqft
2 Bedrooms
$1,345
1267 sqft
3 Bedrooms
Ask
Last updated September 24 at 07:48 AM
Quiet, residential area close to major highways and downtown Richmond. Units offer huge walk-in closets, washer/dryer and extra storage space. Community has a car wash area, pool and guest parking.
Verified
10 Units Available
Lucky Strike Lofts
2600 E Cary St
Richmond, VA | Shockoe Bottom
1 Bedroom
$1,149
890 sqft
2 Bedrooms
$1,515
1173 sqft
Last updated September 24 at 07:48 AM
Close to I-95 and Route 60. Converted Lucky Strike factory. Luxury loft-style apartments with a modern kitchen, carpet and walk-in closets. Community includes a coffee bar, clubhouse, courtyard and pool.
Verified
9 Units Available
Cameron Kinney Lofts
2 S. 25th St
Richmond, VA | Shockoe Bottom
1 Bedroom
$980
940 sqft
2 Bedrooms
$1,035
1045 sqft
3 Bedrooms
Ask
Last updated September 24 at 07:48 AM
Excellent location for commuters, just minutes from I-95. Residents enjoy units with air conditioning, stainless steel appliances and walk-in closets. Community offers 24-hour maintenance, bocce court, pool, and more.
Verified
16 Units Available
Consolidated Carolina Lofts
2200 E Cary St
Richmond, VA | Shockoe Bottom
1 Bedroom
$945
987 sqft
2 Bedrooms
$1,385
1091 sqft
Last updated September 24 at 07:48 AM
Situated conveniently close to I-95, on the banks of the James River and Kanawha Canal. Luxurious units feature laundry, dishwasher and hardwood floors. Residents enjoy communal clubhouse, coffee bar and pool.
Verified
12 Units Available
Stony Point
3012 Stony Lake Dr
Richmond, VA | Huguenot
1 Bedroom
$1,131
915 sqft
2 Bedrooms
$1,249
1094 sqft
Last updated September 24 at 07:48 AM
Stony Point, a masterpiece apartment community created for those with a taste for excellence. We offer a carefree lifestyle at it's luxurious best, for the person who naturally expects the best.
Verified
8 Units Available
Hopper Lofts
700 Everett St
Richmond, VA | Old Town Manchester
1 Bedroom
$952
638 sqft
2 Bedrooms
$1,139
896 sqft
Last updated September 24 at 06:14 AM
Whether your way of relaxing is coming home to read a good book in an urban garden oasis or an exhilarating bike ride along the James, Hopper has it all! A theater room where you can watch your favorite movie with friends or get toned in our
Verified
19 Units Available
Coliseum Lofts
1359 W Broad St
Richmond, VA | The Fan
Studio
Ask
1 Bedroom
$1,320
560 sqft
2 Bedrooms
$1,567
875 sqft
Last updated September 24 at 06:03 AM
Coliseum Lofts are right in the heart of VCU campus, in historical downtown Richmond. Restored apartments with exposed brick walls and wooden beams. On-site laundry, dishwashers, parking, gym, and utilities included.
$
Verified
8 Units Available
Scott's Edge
3408 W. Moore St
Richmond, VA | Scott's Addition
1 Bedroom
$1,200
625 sqft
2 Bedrooms
$1,844
1050 sqft
Last updated September 24 at 06:09 AM
Not only does Scott's Edge have state of the art finishes, but it also comes with state of the art green initiatives throughout the building.
Verified
43 Units Available
The Summit at Scott's Addition
3022 W Broad Street
Richmond, VA | Scott's Addition
1 Bedroom
$1,195
634 sqft
2 Bedrooms
$1,690
928 sqft
Last updated September 24 at 03:48 AM
The Summit is Richmond’s newest mixed-use developments, now offering luxury apartment homes in Richmond’s hottest neighborhood. Convenient to major highways and downtown Richmond, The Summit brings an urban edge to city living.
Verified
35 Units Available
East 51 at Rocketts Landing
5101 Old Main Street
Richmond, VA
Studio
$1,002
480 sqft
1 Bedroom
$1,100
647 sqft
2 Bedrooms
$1,348
961 sqft
Last updated September 24 at 03:48 AM
Our Office Is Now Open For Virtual and In-Person Appointments. We are offering virtual, and scheduled in-person tours.
$
Verified
14 Units Available
Stumpf Flats on Main
728 East Main Street
Richmond, VA | Central Office
1 Bedroom
$1,190
614 sqft
Last updated September 24 at 03:48 AM
Take A Virtual Tour Today! Stumpf Flats on Main is located in the heart of downtown Richmond, within walking distance to the Virginia State Capital, Major Downtown Richmond Employers and Virginia Commonwealth University, a perfect location for you
Verified
5 Units Available
The Shannon Townhomes
628 Windomere Ave
Richmond, VA
1 Bedroom
Ask
2 Bedrooms
$1,125
850 sqft
3 Bedrooms
$1,325
1200 sqft
Last updated September 24 at 03:48 AM
Tucked away along beautiful, tree-lined streets; The Shannon Townhomes offers the best of both worlds in Richmond. Experience our neighborhood charm while taking advantage of our convenient location.
Verified
10 Units Available
Vida East at Church Hill
1903 East Marshall Street
Richmond, VA | Shockoe Bottom
Studio
Ask
1 Bedroom
$1,235
559 sqft
2 Bedrooms
$1,315
793 sqft
Last updated September 24 at 03:48 AM
Vida East, the newest apartment community now leasing Studio, One Bedroom and Two Bedroom floor plans in the historic Church Hill district of Downtown Richmond, Virginia.
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Find an apartment for rent in Richmond, VA

Searching for an apartment for rent in Richmond, VA? Look no further! Apartment List will help you find a perfect apartment near you. There are 166 available rental units listed on Apartment List in Richmond. Click on listings to see photos, floorplans, amenities, prices and availability, and much more!

The median rent in Richmond is $873 for a studio, $915 for a one-bedroom apartment, and $1,056 for a two-bedroom apartment. If you are looking for a deal, keep an eye out for a red pulsing icon that indicates rent specials.

Tired of browsing? Take our personalized quiz. You’ll answer a couple of simple questions and we’ll put together a list of Richmond apartments that are best for you. We’ll also factor in your commute, budget, and preferred amenities. Looking for a pet-friendly rental, or an apartment with in-unit washer and dryer? No problem, we’ll provide you with apartments that match that criteria.

You can trust ApartmentList.com to help you find your next Richmond, VA apartment rental! After all, everyone deserves a home they love.
Frequently Asked Questions (FAQs)
Frequently Asked Questions
How much is rent in Richmond?
In Richmond, the median rent is $873 for a studio, $915 for a 1-bedroom, $1,056 for a 2-bedroom, and $1,400 for a 3-bedroom. For more information on rental trends in Richmond, check out our monthly Richmond Rent Report.
How much is rent in Richmond?
In Richmond, the median rent is $873 for a studio, $915 for a 1-bedroom, $1,056 for a 2-bedroom, and $1,400 for a 3-bedroom. For more information on rental trends in Richmond, check out our monthly Richmond Rent Report.
How can I find a cheap apartment in Richmond?
You can filter cheap apartments in Richmond by price: under $900, under $800, under $700, or search by apartments that are offering move-in specials.
How can I find a cheap apartment in Richmond?
You can filter cheap apartments in Richmond by price: under $900, under $800, under $700, or search by apartments that are offering move-in specials.
How can I find a pet-friendly apartment in Richmond?
You can use the pet-friendly filter to find Richmond apartments that allow pets.
How can I find a pet-friendly apartment in Richmond?
You can use the pet-friendly filter to find Richmond apartments that allow pets.
How can I tour apartments during the COVID-19 pandemic?
While some Richmond properties may not allow visitors at this time, most are open for business by phone or email. Please reach out to them directly for virtual touring options. Additionally, some properties may offer video and 3D tours, which can be found on the listing details page.
How can I tour apartments during the COVID-19 pandemic?
While some Richmond properties may not allow visitors at this time, most are open for business by phone or email. Please reach out to them directly for virtual touring options. Additionally, some properties may offer video and 3D tours, which can be found on the listing details page.
How much should I pay for rent in Richmond?
The answer to this question depends on your household income and a couple of other factors. You can use our Rent Calculator to figure out how much you should spend on rent in Richmond.
How much should I pay for rent in Richmond?
The answer to this question depends on your household income and a couple of other factors. You can use our Rent Calculator to figure out how much you should spend on rent in Richmond.
How can I find off-campus housing in Richmond?
You can use the off-campus housing filters to find apartments near colleges located in or around Richmond. Some of the colleges and universities in the area include University of Richmond, J Sargeant Reynolds Community College, Virginia Commonwealth University, Virginia Union University, and College of William and Mary.
How can I find off-campus housing in Richmond?
You can use the off-campus housing filters to find apartments near colleges located in or around Richmond. Some of the colleges and universities in the area include University of Richmond, J Sargeant Reynolds Community College, Virginia Commonwealth University, Virginia Union University, and College of William and Mary.

Median Rent in Richmond

Last updated Aug. 2020
The median rent for a 1 bedroom apartment in Richmond is $915, while the median rent for a 2 bedroom apartment is $1,056.
Studio
$873
1 Bed
$915
2 Beds
$1,056
3+ Beds
$1,400
City GuideRichmond
Rumor going around the old Commonwealth is you’re looking for an uber-sweet crash pad in the capitol of Virginia. Good call!
Rumor going around the old Commonwealth is you’re looking for an uber-sweet crash pad in the capitol of Virginia. Good call!

Richmond, after all, not only boasts one of America’s most storied pasts but also has a lot to offer to those of us living in the present (i.e., plenty of affordable and eclectic lodgings).

Having trouble with Craigslist Richmond? Can't find that special apartment for rent on Apartment Finder or Zillow? Apartment List is here to help!

Richmond: A Sneak Peek at “The River City”

Richmond has a fascinating history of its own. Founded in 1737, it is one of America’s most tenured cities and played critical roles in both the Revolutionary and Civil Wars. But you’re not here for a history lesson, we know. You want to hear about Richmond in the here and now. So here are a few facts of life you should know about the city in the 21st century:

  • A History Aficionado’s Heaven: Outsiders continue to flock to the city to visit Richmond National Battlefield Park and Hollywood Cemetery, among other historic locations. Be prepared: Richmond is a hotbed for Civil War reenactments, so if you’re sitting on your favorite barstool in Shockoe Botton one night and you see a blood-stained Johnny Reb stumbling by, you’re not hallucinating or seeing a ghost. It’s just a “regular” guy who’s pretending to be wounded in action or dying of dysentery in 1864.

  • Navigating the City: The most convenient way to maneuver throughout the city is (big surprise alert!) via your own vehicle. Traffic is rarely backed up in Richmond and parking spaces are easy enough to find, so if you have your own gas-guzzler, you’re in good shape. If not, you can always take the GRTC city buses that service the area, but be sure to have either exact change or a nifty little GRTC Go Card (available everywhere anything at all is sold…).

  • Day… Richmond residents who like to have their fun under the sun won’t be disappointed. Popular daytime recreational haunts include Belle Isle on the James River, Monument Avenue, and Maymont Park (one of the country’s most aesthetic urban parks). Numerous other parks and museums (including the Edgar Allen Poe Museum) are spread throughout the city as well.

  • And Night: If a musical genre exists, there’s a live band in Richmond playing it right now. Throughout Shockoe Bottom, the downtown area, and the Fan District, music junkies will find an endless stream of live music venues with bands exploring every genre from punk, funk, and indie to bluegrass, hip hop, and – sorry to say it – disco. Never fear, techno-tronic enthusiasts: The Shockoe Bottom ‘hood also serves up its fair share of pulse-pounding club music, so don’t forget to pack your glittery shirts and glow sticks.

Richmond: A Sneak Peek at “The River City”
+

Richmond has a fascinating history of its own. Founded in 1737, it is one of America’s most tenured cities and played critical roles in both the Revolutionary and Civil Wars. But you’re not here for a history lesson, we know. You want to hear about Richmond in the here and now. So here are a few facts of life you should know about the city in the 21st century:

  • A History Aficionado’s Heaven: Outsiders continue to flock to the city to visit Richmond National Battlefield Park and Hollywood Cemetery, among other historic locations. Be prepared: Richmond is a hotbed for Civil War reenactments, so if you’re sitting on your favorite barstool in Shockoe Botton one night and you see a blood-stained Johnny Reb stumbling by, you’re not hallucinating or seeing a ghost. It’s just a “regular” guy who’s pretending to be wounded in action or dying of dysentery in 1864.

  • Navigating the City: The most convenient way to maneuver throughout the city is (big surprise alert!) via your own vehicle. Traffic is rarely backed up in Richmond and parking spaces are easy enough to find, so if you have your own gas-guzzler, you’re in good shape. If not, you can always take the GRTC city buses that service the area, but be sure to have either exact change or a nifty little GRTC Go Card (available everywhere anything at all is sold…).

  • Day… Richmond residents who like to have their fun under the sun won’t be disappointed. Popular daytime recreational haunts include Belle Isle on the James River, Monument Avenue, and Maymont Park (one of the country’s most aesthetic urban parks). Numerous other parks and museums (including the Edgar Allen Poe Museum) are spread throughout the city as well.

  • And Night: If a musical genre exists, there’s a live band in Richmond playing it right now. Throughout Shockoe Bottom, the downtown area, and the Fan District, music junkies will find an endless stream of live music venues with bands exploring every genre from punk, funk, and indie to bluegrass, hip hop, and – sorry to say it – disco. Never fear, techno-tronic enthusiasts: The Shockoe Bottom ‘hood also serves up its fair share of pulse-pounding club music, so don’t forget to pack your glittery shirts and glow sticks.

Settling in Richmond

People have been settling in Richmond successfully for roughly 275 years, and guess what? You can, too! Just a few caveats to consider before signing on that dotted line:

  • Richmond-ers can be choosers: Richmond is one of those rare cities in Virginia where renters outnumber buyers (by more than seven percent in this case). So be choosy and don’t settle on a pad until you’re sure it’s exactly what your little heart desires.

  • Take careful inventory: When you move-in, chances are your apartment manager will give you a checklist so you can note anything that isn’t completely perfect in your new pad. Don’t blow this off! Apartments tend to turn over very quickly in Richmond, and property managers don’t always have the chance to examine every last nook and cranny of vacant units for blemishes. You don’t want to get blamed – or worse, lose your deposit – for something that happened before your time.

  • Bring the basics: Of course, you’ll need I.D., proof of income, a list of previous landlords, and banking info to rent at most Richmond properties. Or, you’ll need a co-signer.

  • It’s not old, it’s distinguished … Roughly 75 percent of buildings in Richmond, including rental properties, were built prior to 1970, so hopefully you appreciate a certain degree of antiquity in your living quarters.

Settling in Richmond
+

People have been settling in Richmond successfully for roughly 275 years, and guess what? You can, too! Just a few caveats to consider before signing on that dotted line:

  • Richmond-ers can be choosers: Richmond is one of those rare cities in Virginia where renters outnumber buyers (by more than seven percent in this case). So be choosy and don’t settle on a pad until you’re sure it’s exactly what your little heart desires.

  • Take careful inventory: When you move-in, chances are your apartment manager will give you a checklist so you can note anything that isn’t completely perfect in your new pad. Don’t blow this off! Apartments tend to turn over very quickly in Richmond, and property managers don’t always have the chance to examine every last nook and cranny of vacant units for blemishes. You don’t want to get blamed – or worse, lose your deposit – for something that happened before your time.

  • Bring the basics: Of course, you’ll need I.D., proof of income, a list of previous landlords, and banking info to rent at most Richmond properties. Or, you’ll need a co-signer.

  • It’s not old, it’s distinguished … Roughly 75 percent of buildings in Richmond, including rental properties, were built prior to 1970, so hopefully you appreciate a certain degree of antiquity in your living quarters.

The Lay of the Land

So which neighborhood in Richmond is right for you? You have your choice of 50-plus distinct ‘hoods to pick from, including:

  • Downtown: The downtown area, especially the Monroe Ward and Shockoe Slip areas, are ideal for those who want to be in the hub of the city’s commerce and culture (average apartment cost is around $900). The historical neighborhood of Jackson Ward is also downtown and has some rental houses available in the $1200 range.

  • Shockoe Bottom: The epicenter of Richmond’s nightlife is Shockoe Bottom, on the banks of the James River. Just be prepared to spend close to a grand for a 1 BR and $1300-plus for a multi-room unit.

  • Tobacco Row: Remember those “eclectic” living spaces we promised? We were talking about Tobacco Row, whose clusters of former tobacco factories have been transformed into chic, spacious lofts and condos. Riverside rentals are currently available in the $700 range for the smallest units (600 square feet), while the more roomy digs (1100-plus square feet) will cost you close to $1200.

The Lay of the Land
+

So which neighborhood in Richmond is right for you? You have your choice of 50-plus distinct ‘hoods to pick from, including:

  • Downtown: The downtown area, especially the Monroe Ward and Shockoe Slip areas, are ideal for those who want to be in the hub of the city’s commerce and culture (average apartment cost is around $900). The historical neighborhood of Jackson Ward is also downtown and has some rental houses available in the $1200 range.

  • Shockoe Bottom: The epicenter of Richmond’s nightlife is Shockoe Bottom, on the banks of the James River. Just be prepared to spend close to a grand for a 1 BR and $1300-plus for a multi-room unit.

  • Tobacco Row: Remember those “eclectic” living spaces we promised? We were talking about Tobacco Row, whose clusters of former tobacco factories have been transformed into chic, spacious lofts and condos. Riverside rentals are currently available in the $700 range for the smallest units (600 square feet), while the more roomy digs (1100-plus square feet) will cost you close to $1200.

Closing thoughts: “Give me liberty or give me cheap cost of living”

Well, then, liberty it is! The cost of living in Richmond is nearly 9 percent higher than the national average, but fortunately, the average rental unit is hovering around only $850, and move-in specials pop up frequently.

Welcome to Richmond, and happy hunting!

Closing thoughts: “Give me liberty or give me cheap cost of living”
+

Well, then, liberty it is! The cost of living in Richmond is nearly 9 percent higher than the national average, but fortunately, the average rental unit is hovering around only $850, and move-in specials pop up frequently.

Welcome to Richmond, and happy hunting!

Read More
City GuideRichmond
Rumor going around the old Commonwealth is you’re looking for an uber-sweet crash pad in the capitol of Virginia. Good call!
Rumor going around the old Commonwealth is you’re looking for an uber-sweet crash pad in the capitol of Virginia. Good call!

Richmond, after all, not only boasts one of America’s most storied pasts but also has a lot to offer to those of us living in the present (i.e., plenty of affordable and eclectic lodgings).

Having trouble with Craigslist Richmond? Can't find that special apartment for rent on Apartment Finder or Zillow? Apartment List is here to help!

Richmond: A Sneak Peek at “The River City”

Richmond has a fascinating history of its own. Founded in 1737, it is one of America’s most tenured cities and played critical roles in both the Revolutionary and Civil Wars. But you’re not here for a history lesson, we know. You want to hear about Richmond in the here and now. So here are a few facts of life you should know about the city in the 21st century:

  • A History Aficionado’s Heaven: Outsiders continue to flock to the city to visit Richmond National Battlefield Park and Hollywood Cemetery, among other historic locations. Be prepared: Richmond is a hotbed for Civil War reenactments, so if you’re sitting on your favorite barstool in Shockoe Botton one night and you see a blood-stained Johnny Reb stumbling by, you’re not hallucinating or seeing a ghost. It’s just a “regular” guy who’s pretending to be wounded in action or dying of dysentery in 1864.

  • Navigating the City: The most convenient way to maneuver throughout the city is (big surprise alert!) via your own vehicle. Traffic is rarely backed up in Richmond and parking spaces are easy enough to find, so if you have your own gas-guzzler, you’re in good shape. If not, you can always take the GRTC city buses that service the area, but be sure to have either exact change or a nifty little GRTC Go Card (available everywhere anything at all is sold…).

  • Day… Richmond residents who like to have their fun under the sun won’t be disappointed. Popular daytime recreational haunts include Belle Isle on the James River, Monument Avenue, and Maymont Park (one of the country’s most aesthetic urban parks). Numerous other parks and museums (including the Edgar Allen Poe Museum) are spread throughout the city as well.

  • And Night: If a musical genre exists, there’s a live band in Richmond playing it right now. Throughout Shockoe Bottom, the downtown area, and the Fan District, music junkies will find an endless stream of live music venues with bands exploring every genre from punk, funk, and indie to bluegrass, hip hop, and – sorry to say it – disco. Never fear, techno-tronic enthusiasts: The Shockoe Bottom ‘hood also serves up its fair share of pulse-pounding club music, so don’t forget to pack your glittery shirts and glow sticks.

Richmond: A Sneak Peek at “The River City”
+

Richmond has a fascinating history of its own. Founded in 1737, it is one of America’s most tenured cities and played critical roles in both the Revolutionary and Civil Wars. But you’re not here for a history lesson, we know. You want to hear about Richmond in the here and now. So here are a few facts of life you should know about the city in the 21st century:

  • A History Aficionado’s Heaven: Outsiders continue to flock to the city to visit Richmond National Battlefield Park and Hollywood Cemetery, among other historic locations. Be prepared: Richmond is a hotbed for Civil War reenactments, so if you’re sitting on your favorite barstool in Shockoe Botton one night and you see a blood-stained Johnny Reb stumbling by, you’re not hallucinating or seeing a ghost. It’s just a “regular” guy who’s pretending to be wounded in action or dying of dysentery in 1864.

  • Navigating the City: The most convenient way to maneuver throughout the city is (big surprise alert!) via your own vehicle. Traffic is rarely backed up in Richmond and parking spaces are easy enough to find, so if you have your own gas-guzzler, you’re in good shape. If not, you can always take the GRTC city buses that service the area, but be sure to have either exact change or a nifty little GRTC Go Card (available everywhere anything at all is sold…).

  • Day… Richmond residents who like to have their fun under the sun won’t be disappointed. Popular daytime recreational haunts include Belle Isle on the James River, Monument Avenue, and Maymont Park (one of the country’s most aesthetic urban parks). Numerous other parks and museums (including the Edgar Allen Poe Museum) are spread throughout the city as well.

  • And Night: If a musical genre exists, there’s a live band in Richmond playing it right now. Throughout Shockoe Bottom, the downtown area, and the Fan District, music junkies will find an endless stream of live music venues with bands exploring every genre from punk, funk, and indie to bluegrass, hip hop, and – sorry to say it – disco. Never fear, techno-tronic enthusiasts: The Shockoe Bottom ‘hood also serves up its fair share of pulse-pounding club music, so don’t forget to pack your glittery shirts and glow sticks.

Settling in Richmond

People have been settling in Richmond successfully for roughly 275 years, and guess what? You can, too! Just a few caveats to consider before signing on that dotted line:

  • Richmond-ers can be choosers: Richmond is one of those rare cities in Virginia where renters outnumber buyers (by more than seven percent in this case). So be choosy and don’t settle on a pad until you’re sure it’s exactly what your little heart desires.

  • Take careful inventory: When you move-in, chances are your apartment manager will give you a checklist so you can note anything that isn’t completely perfect in your new pad. Don’t blow this off! Apartments tend to turn over very quickly in Richmond, and property managers don’t always have the chance to examine every last nook and cranny of vacant units for blemishes. You don’t want to get blamed – or worse, lose your deposit – for something that happened before your time.

  • Bring the basics: Of course, you’ll need I.D., proof of income, a list of previous landlords, and banking info to rent at most Richmond properties. Or, you’ll need a co-signer.

  • It’s not old, it’s distinguished … Roughly 75 percent of buildings in Richmond, including rental properties, were built prior to 1970, so hopefully you appreciate a certain degree of antiquity in your living quarters.

Settling in Richmond
+

People have been settling in Richmond successfully for roughly 275 years, and guess what? You can, too! Just a few caveats to consider before signing on that dotted line:

  • Richmond-ers can be choosers: Richmond is one of those rare cities in Virginia where renters outnumber buyers (by more than seven percent in this case). So be choosy and don’t settle on a pad until you’re sure it’s exactly what your little heart desires.

  • Take careful inventory: When you move-in, chances are your apartment manager will give you a checklist so you can note anything that isn’t completely perfect in your new pad. Don’t blow this off! Apartments tend to turn over very quickly in Richmond, and property managers don’t always have the chance to examine every last nook and cranny of vacant units for blemishes. You don’t want to get blamed – or worse, lose your deposit – for something that happened before your time.

  • Bring the basics: Of course, you’ll need I.D., proof of income, a list of previous landlords, and banking info to rent at most Richmond properties. Or, you’ll need a co-signer.

  • It’s not old, it’s distinguished … Roughly 75 percent of buildings in Richmond, including rental properties, were built prior to 1970, so hopefully you appreciate a certain degree of antiquity in your living quarters.

The Lay of the Land

So which neighborhood in Richmond is right for you? You have your choice of 50-plus distinct ‘hoods to pick from, including:

  • Downtown: The downtown area, especially the Monroe Ward and Shockoe Slip areas, are ideal for those who want to be in the hub of the city’s commerce and culture (average apartment cost is around $900). The historical neighborhood of Jackson Ward is also downtown and has some rental houses available in the $1200 range.

  • Shockoe Bottom: The epicenter of Richmond’s nightlife is Shockoe Bottom, on the banks of the James River. Just be prepared to spend close to a grand for a 1 BR and $1300-plus for a multi-room unit.

  • Tobacco Row: Remember those “eclectic” living spaces we promised? We were talking about Tobacco Row, whose clusters of former tobacco factories have been transformed into chic, spacious lofts and condos. Riverside rentals are currently available in the $700 range for the smallest units (600 square feet), while the more roomy digs (1100-plus square feet) will cost you close to $1200.

The Lay of the Land
+

So which neighborhood in Richmond is right for you? You have your choice of 50-plus distinct ‘hoods to pick from, including:

  • Downtown: The downtown area, especially the Monroe Ward and Shockoe Slip areas, are ideal for those who want to be in the hub of the city’s commerce and culture (average apartment cost is around $900). The historical neighborhood of Jackson Ward is also downtown and has some rental houses available in the $1200 range.

  • Shockoe Bottom: The epicenter of Richmond’s nightlife is Shockoe Bottom, on the banks of the James River. Just be prepared to spend close to a grand for a 1 BR and $1300-plus for a multi-room unit.

  • Tobacco Row: Remember those “eclectic” living spaces we promised? We were talking about Tobacco Row, whose clusters of former tobacco factories have been transformed into chic, spacious lofts and condos. Riverside rentals are currently available in the $700 range for the smallest units (600 square feet), while the more roomy digs (1100-plus square feet) will cost you close to $1200.

Closing thoughts: “Give me liberty or give me cheap cost of living”

Well, then, liberty it is! The cost of living in Richmond is nearly 9 percent higher than the national average, but fortunately, the average rental unit is hovering around only $850, and move-in specials pop up frequently.

Welcome to Richmond, and happy hunting!

Closing thoughts: “Give me liberty or give me cheap cost of living”
+

Well, then, liberty it is! The cost of living in Richmond is nearly 9 percent higher than the national average, but fortunately, the average rental unit is hovering around only $850, and move-in specials pop up frequently.

Welcome to Richmond, and happy hunting!

Rent Report
Richmond

September 2020 Richmond Rent Report

Welcome to the September 2020 Richmond Rent Report. Richmond rents increased over the past month. In this report, we'll evaluate trends in the Richmond rental market, including comparisons to cities throughout the state and nation.

Richmond rents increased moderately over the past month

Richmond rents have increased 0.3% over the past month, and are up slightly by 1.3% in comparison to the same time last year. Currently, median rents in Richmond stand at $916 for a one-bedroom apartment and $1,057 for a two-bedroom. This is the tenth straight month that the city has seen rent increases after a decline in October of last year. Richmond's year-over-year rent growth leads the state average of -0.4%, as well as the national average of 0.3%.

    Rents rising across cities in Virginia

    Throughout the past year, rent increases have been occurring not just in the city of Richmond, but across the entire state. Of the largest 10 cities that we have data for in Virginia, 7 of them have seen prices rise. The state as a whole logged rent growth of -0.4% over the past year. Here's a look at how rents compare across some of the largest cities in the state.

    • Looking throughout the state, Arlington is the most expensive of all Virginia's major cities, with a median two-bedroom rent of $2,070; of the 10 largest cities in Virginia that we have data for, Arlington, Alexandria, and Newport News, where two-bedrooms go for $2,070, $1,845, and $1,017, respectively, are the three major cities in the state to see rents fall year-over-year (-3.0%, -1.7%, and -0.3%).
    • Portsmouth, Roanoke, and Virginia Beach have all experienced year-over-year growth above the state average (2.4%, 2.4%, and 2.4%, respectively).

    Richmond rents more affordable than many large cities nationwide

    As rents have increased slightly in Richmond, other large cities nationwide have seen rents grow more quickly. Richmond is still more affordable than most large cities across the country.

    • Richmond's median two-bedroom rent of $1,057 is below the national average of $1,195. Nationwide, rents have held steady over the past year.
    • While Richmond's rents rose slightly over the past year, some cities nationwide saw increases as well, including Phoenix (+1.7%) and Detroit (+0.8%).
    • Renters will find more reasonable prices in Richmond than most large cities. For example, San Francisco has a median 2BR rent of $2,956, which is more than two-and-a-half times the price in Richmond.

    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.

    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.

    Read More

    September 2020 Richmond Rent Report

    Welcome to the September 2020 Richmond Rent Report. Richmond rents increased over the past month. In this report, we'll evaluate trends in the Richmond rental market, including comparisons to cities throughout the state and nation.

    View full Rent Report

    September 2020 Richmond Rent Report

    Welcome to the September 2020 Richmond Rent Report. Richmond rents increased over the past month. In this report, we'll evaluate trends in the Richmond rental market, including comparisons to cities throughout the state and nation.

    Richmond rents increased moderately over the past month

    Richmond rents have increased 0.3% over the past month, and are up slightly by 1.3% in comparison to the same time last year. Currently, median rents in Richmond stand at $916 for a one-bedroom apartment and $1,057 for a two-bedroom. This is the tenth straight month that the city has seen rent increases after a decline in October of last year. Richmond's year-over-year rent growth leads the state average of -0.4%, as well as the national average of 0.3%.

      Rents rising across cities in Virginia

      Throughout the past year, rent increases have been occurring not just in the city of Richmond, but across the entire state. Of the largest 10 cities that we have data for in Virginia, 7 of them have seen prices rise. The state as a whole logged rent growth of -0.4% over the past year. Here's a look at how rents compare across some of the largest cities in the state.

      • Looking throughout the state, Arlington is the most expensive of all Virginia's major cities, with a median two-bedroom rent of $2,070; of the 10 largest cities in Virginia that we have data for, Arlington, Alexandria, and Newport News, where two-bedrooms go for $2,070, $1,845, and $1,017, respectively, are the three major cities in the state to see rents fall year-over-year (-3.0%, -1.7%, and -0.3%).
      • Portsmouth, Roanoke, and Virginia Beach have all experienced year-over-year growth above the state average (2.4%, 2.4%, and 2.4%, respectively).

      Richmond rents more affordable than many large cities nationwide

      As rents have increased slightly in Richmond, other large cities nationwide have seen rents grow more quickly. Richmond is still more affordable than most large cities across the country.

      • Richmond's median two-bedroom rent of $1,057 is below the national average of $1,195. Nationwide, rents have held steady over the past year.
      • While Richmond's rents rose slightly over the past year, some cities nationwide saw increases as well, including Phoenix (+1.7%) and Detroit (+0.8%).
      • Renters will find more reasonable prices in Richmond than most large cities. For example, San Francisco has a median 2BR rent of $2,956, which is more than two-and-a-half times the price in Richmond.

      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.

      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.

      Richmond Renter Confidence Survey
      National study of renter’s satisfaction with their cities and states

      Here’s how Richmond ranks on:

      D
      Overall satisfaction
      D
      Safety and crime rate
      B+
      Jobs and career opportunities
      B+
      Recreational activities
      B+
      Affordability
      B-
      Social Life
      B-
      Weather
      B
      Commute time
      D
      State and local taxes
      C+
      Public transit
      B+
      Pet-friendliness

      Overview of Findings

      Apartment List has released Richmond’s results from the third annual Apartment List Renter Satisfaction Survey. This survey, which drew on responses from over 45,000 renters nationwide, provides insight on what states and cities must do to meet the needs of the country’s 111 million renters.

      "Richmond renters expressed general dissatisfaction with the city overall," according to Apartment List. "They gave most categories near-average and average scores."

      Key Findings in Richmond include the following:

      • Richmond renters gave their city a D overall.
      • The highest-rated categories for Richmond were jobs and career opportunities, affordability, recreational activities and pet-friendliness, which all received grades of B+.
      • The areas of concern to Richmond renters are safety and low crime (D), state and local taxes (D) and quality of local schools (F).
      • Richmond millennials are unsatisfied with their city, giving it an overall rating of D.
      • Richmond did relatively poorly compared to other cities in Virginia like Virginia Beach (A-), Norfolk (B) and Arlington (A), but earned higher marks than Newport News (F).
      • Richmond did relatively well poorly to cities nationwide, including Raleigh (A), Washington, DC (A-) and San Francisco (B+).
      • The top rated cities nationwide for renter satisfaction include Scottsdale, AZ, Irvine, CA, Boulder, CO and Ann Arbor, MI. The lowest rated cities include Tallahassee, FL, Stockton, CA, Dayton, OH, Detroit, MI and Newark, NJ.

      Renters say:

      • "I love Richmond - there is always something to do here. The city is full of festivals, food and breweries. But at the same time, it’s low key so you can relax and adventure out on your own." -Megan D.
      • "Richmond has a lot of culture and, for a town in the South, it’s diverse. It also has spirit and great food, arts and culture." -Ashley G.
      • "I love that Richmond is big enough to have everything imaginable but without being overwhelming. I don’t like that it’s losing its southern charm a bit." -Allie F.

      For more information on the survey methodology and findings or to speak to one of our researchers, please contact our team at rentonomics@apartmentlist.com.

      View our national survey results here.
      Read More

      Renter Confidence Survey

      Apartment List has released Richmond’s results from the third annual Apartment List Renter Satisfaction Survey. This survey, which drew on responses from over 45,000 renters nationwide, provides insight on what states and cities must do to meet the needs of the country’s 111 million renters.

      "Richmond renters expressed general dissatisfaction with the city overall," according to Apartment...

      View full Richmond Renter Survey

      Here’s how Richmond ranks on:

      D
      Overall satisfaction
      D
      Safety and crime rate
      B+
      Jobs and career opportunities
      B+
      Recreational activities
      B+
      Affordability
      B-
      Social Life
      B-
      Weather
      B
      Commute time
      D
      State and local taxes
      C+
      Public transit
      B+
      Pet-friendliness

      Overview of Findings

      Apartment List has released Richmond’s results from the third annual Apartment List Renter Satisfaction Survey. This survey, which drew on responses from over 45,000 renters nationwide, provides insight on what states and cities must do to meet the needs of the country’s 111 million renters.

      "Richmond renters expressed general dissatisfaction with the city overall," according to Apartment List. "They gave most categories near-average and average scores."

      Key Findings in Richmond include the following:

      • Richmond renters gave their city a D overall.
      • The highest-rated categories for Richmond were jobs and career opportunities, affordability, recreational activities and pet-friendliness, which all received grades of B+.
      • The areas of concern to Richmond renters are safety and low crime (D), state and local taxes (D) and quality of local schools (F).
      • Richmond millennials are unsatisfied with their city, giving it an overall rating of D.
      • Richmond did relatively poorly compared to other cities in Virginia like Virginia Beach (A-), Norfolk (B) and Arlington (A), but earned higher marks than Newport News (F).
      • Richmond did relatively well poorly to cities nationwide, including Raleigh (A), Washington, DC (A-) and San Francisco (B+).
      • The top rated cities nationwide for renter satisfaction include Scottsdale, AZ, Irvine, CA, Boulder, CO and Ann Arbor, MI. The lowest rated cities include Tallahassee, FL, Stockton, CA, Dayton, OH, Detroit, MI and Newark, NJ.

      Renters say:

      • "I love Richmond - there is always something to do here. The city is full of festivals, food and breweries. But at the same time, it’s low key so you can relax and adventure out on your own." -Megan D.
      • "Richmond has a lot of culture and, for a town in the South, it’s diverse. It also has spirit and great food, arts and culture." -Ashley G.
      • "I love that Richmond is big enough to have everything imaginable but without being overwhelming. I don’t like that it’s losing its southern charm a bit." -Allie F.

      For more information on the survey methodology and findings or to speak to one of our researchers, please contact our team at rentonomics@apartmentlist.com.

      View our national survey results here.