Apartments in Downtown Richmond

1 - 30 of 353 Results
64
$1,249 - 2,004
219 E Broad St Richmond, VA
Studio - 2 BR | Available Now
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Air Conditioning
44
$1,695
114 E Franklin St Richmond, VA
1 BR | Jul. 7, 2024
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Luxury
Air Conditioning
In Unit Laundry
19
$1,085 - 3,018
101 N 5Th St Richmond, VA
Studio - 2 BR | Available Now
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Surface Parking
In Unit Laundry
11
$1,469 - 1,749
800 E Main St Richmond, VA
1 BR | Available Now
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Covered Parking
19
$1,058 - 2,051
101 N. 5th Street Richmond, VA
Studio - 2 BR | Available Now
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In Unit Laundry
2
$1,295 - 1,495
Richmond, VA
1 - 2 BR | Available Now
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10
$1,249
420 E Grace St Richmond, VA
1 BR | May. 13, 2024
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Downtown Richmond
81
3D Tour
$1,175 - 1,535
629 E Main St Richmond, VA
Studio - 1 BR | Available Now
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4
$1,600
Richmond, VA
2 BR | Available Now
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Downtown Richmond
12
$2,209
412 E Grace St Richmond, VA
3 BR | Jul. 4, 2024
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Downtown Richmond
23
$1,295 - 3,260
823 E Main Street Richmond, VA
Studio - 2 BR | Available Now
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Section 8
Air Conditioning
15
$1,435 - 2,932
311 South 11th Street Richmond, VA
1 - 2 BR | Available Now
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14
$1,129 - 1,799
Deal
4.2
4 N 4Th St Richmond, VA
1 - 2 BR | Available Now
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14
$1,439 - 1,549
4 N. 4th Street Richmond, VA
1 BR | Available Now
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Section 8
Air Conditioning
8
$1,250
Richmond, VA
1 BR | Jun. 10, 2024
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Downtown Richmond
7
$1,279 - 1,459
1313 E. Main St. Richmond, VA
1 BR | Available Now
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Balcony/Deck/Patio
14
$1,375 - 1,550
Richmond, VA
2 BR | Available Now
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Balcony/Deck/Patio
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2
$1,550 - 1,625
213-215 E Grace St Richmond, VA
2 BR | Jun. 5, 2024
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4
$1,285 - 1,650
220 E Marshall St Richmond, VA
1 - 2 BR | Available Now
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2
$1,195
Ewb
8 W Broad St Richmond, VA
1 BR | Jun. 20, 2024
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8
$1,365
108 E Grace St Richmond, VA
2 BR | May. 10, 2024
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15
$1,880
Richmond, VA
2 BR | Jul. 1, 2024
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Jackson Ward
9
$1,979
109 E Broad Richmond, VA
2 BR | Available Now
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Jackson Ward
2
$1,449
21 S 13th St Richmond, VA
1 BR | Available Now
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Downtown Richmond
33
$3,000
Richmond, VA
3 BR | Jul. 10, 2024
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Jackson Ward
11
$1,329 - 1,849
Deal
3.4
1313 E. Main St. Richmond, VA
1 - 2 BR | Available Now
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Luxury
Covered Parking
8
$1,009 - 1,399
Richmond, VA
1 BR | Available Now
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Disability Access
Dishwasher
2
$1,320
Richmond, VA
2 BR | Jul. 3, 2024
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Jackson Ward
10
$1,195
Richmond, VA
Studio | Available Now
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Jackson Ward
9
$1,500
Richmond, VA
2 BR | Jul. 3, 2024
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1 - 30 of 353 Results
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  2. Richmond
  3. Downtown Richmond
Downtown Richmond Neighborhood Summary

Richmond is a great city with lots of great neighborhoods to live in and fun places to hang out. And the heart of the city is downtown. Live on the cutting edge of progression in a neighborhood that has it all: restaurants, bars, shops, cultural institutions, and entertainment venues.

Richmond:
May Rent Report

Welcome to the May 2024 Richmond Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2024 key findings and figures for the Richmond rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Richmond and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Richmond average rent prices in the chart below.

Monthly Rent Report

$1,750
$1,310
$880
$440
$0
Jun. 2023
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
1 BR       2 BR

Richmond Rent Prices Increase From April to May

Richmond rent prices increased over the last month. From April to May, the city experienced a 0.59% increase for the price of a one-bedroom apartment. The rent price for a Richmond one-bedroom apartments currently stands at $1,528.0.

When we take a look at the two-bedroom comparison from April to May, Richmond experienced a 0.36% increase for the price of a two-bedroom apartment. The rent price for a Richmond two-bedroom apartments currently stands at $1,695.0.

May Prices: Richmond vs. Surrounding Areas

South Chesterfield, VA
Glen Allen, VA
Midlothian, VA
Richmond, VA
Henrico, VA
Chester, VA
Petersburg, VA
Hopewell, VA
$1,624
$1,557
$1,556
$1,519
$1,492
$1,383
$1,164
$990
$0
$550
$1,100
$1,650
$2,200
Median 1 BR Rent

Rent Prices in Richmond and Surrounding Areas

Rent prices have increased in Richmond over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 2 of the Richmond suburbs increased last month. On the other hand, 5 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Petersburg, VA, Hopewell, VA .

  • Rent decreased in Midlothian, VA, Glen Allen, VA, Henrico, VA, Chester, VA, South Chesterfield, VA.

  • 3 suburbs are currently priced higher than the city of Richmond.

  • 4 suburbs are currently priced lower than the city of Richmond.

May 2024 Pricing Trends: Richmond vs. National Comparisons

New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Richmond, VA
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
$4,056
$3,039
$2,377
$2,336
$1,913
$1,519
$1,300
$1,283
$1,178
$0
$1,350
$2,700
$4,050
$5,400
Median Rent

Richmond Rent Prices More Affordable Than Major Cities

Rent growth in Richmond over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Richmond average rent prices appear to be relatively affordable for local residents.

The price for a Richmond one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Richmond and surrounding area rent prices, take a look at the complete data set below.

Data set for Richmond and suburbs

1 BR May 1 BR M/M % Change 2 BR May 2 BR M/M % Change
Richmond, VA $1,519.0 0.13% $1,689.0 1.02%
Midlothian, VA $1,556.0 -1.08% $1,923.0 0.47%
Glen Allen, VA $1,557.0 -0.58% $1,894.0 2.82%
Petersburg, VA $1,164.0 0.17% $1,175.0 5.48%
Henrico, VA $1,492.0 -4.97% $1,898.0 -0.16%
Hopewell, VA $990.0 1.64% $895.0 0.00%
Chester, VA $1,383.0 0.00% $1,585.0 0.06%
South Chesterfield, VA $1,624.0 -0.18% $1,440.0 -1.71%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.