10 Apartments under 800 for rent in Richmond, VA

Last updated January 18 at 2:37pm UTC
3103 Logandale Ave
Broad Rock
Richmond, VA
Updated January 3 at 3:49pm UTC
2 Bedrooms
$750
3418 Enslow Ave
North Highland Park
Richmond, VA
Updated January 3 at 1:52am UTC
2 Bedrooms
$565
204 Welford St
Southern Barton Heights
Richmond, VA
Updated January 4 at 9:26am UTC
2 Bedrooms
$795
Heritage Pointe & Remuda Crossing
2796 Goolsby Ave
Bensley, VA
Updated January 18 at 8:44am UTC
2 Bedrooms
$775
Results within 1 miles of Richmond, VA
Utah Pl
North Highland Park
Richmond, VA
Updated January 3 at 8:36am UTC
1 Bedroom
$550
Crenshaw Rd
Richmond
Richmond, VA
Updated January 17 at 8:20am UTC
2 Bedrooms
$750
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January 2018 Richmond Rent Report

Welcome to the January 2018 Richmond Rent Report. Richmond rents remained steady 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 Richmond Rent Report
Rent Report
Richmond

January 2018 Richmond Rent Report

Welcome to the January 2018 Richmond Rent Report. Richmond rents remained steady 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 held steady over the past month

Richmond rents have remained flat over the past month, however, they are up slightly by 1.7% year-over-year. Currently, median rents in Richmond stand at $870 for a one-bedroom apartment and $1,000 for a two-bedroom. Richmond's year-over-year rent growth leads the state average of 1.5%, but trails the national average of 2.8%.

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, all of them have seen prices rise. The state as a whole logged rent growth of 1.5% 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 $1,990; of the 10 largest Virginia cities that we have data for, all have seen rents rise year-over-year, with Portsmouth experiencing the fastest growth (+3.8%).
  • Virginia Beach, Newport News, and Norfolk have all experienced year-over-year growth above the state average (2.4%, 2.2%, and 1.8%, respectively).

Richmond rents more affordable than many large cities nationwide

As rents have increased slightly in Richmond, a few large cities nationwide have also seen rents grow modestly. Richmond is still more affordable than most large cities across the country.

  • Richmond's median two-bedroom rent of $1,000 is below the national average of $1,160. Nationwide, rents have grown by 2.8% over the past year compared to the 1.7% rise in Richmond.
  • While Richmond's rents rose slightly over the past year, many cities nationwide also saw increases, including Phoenix (+3.8%), Seattle (+3.0%), and Dallas (+2.2%).
  • Renters will find more reasonable prices in Richmond than most large cities. For example, San Francisco has a median 2BR rent of $3,010, which is more than three 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.