Average Rent in Richmond, VA (2026)

Typical asking rent in Richmond is $1,682. Across the 11 ZIP codes with data it runs from $1,469 to $2,094, so which side of town you buy on matters as much as the city average. Data as of September 2026.

Median rent
$1,682
Average rent
$1,691
Lowest ZIP
$1,469
Highest ZIP
$2,094

Rent by ZIP code in Richmond

ZIP codeCountyTypical rentvs city median
23226Richmond City$2,094+24%
23221Richmond City$1,895+13%
23235Chesterfield County$1,845+10%
23220Richmond City$1,763+5%
23236Chesterfield County$1,723+2%
23222Richmond City$1,6820%
23234Chesterfield County$1,559-7%
23219Richmond City$1,530-9%
23224Richmond City$1,520-10%
23225Richmond City$1,518-10%
23223Henrico County$1,469-13%

Rent by bedroom count in Richmond

Zillow's index above blends every unit size into one number. For a bedroom level view, these are HUD's FY2027 Fair Market Rents for Richmond city. They include utilities and sit near the 40th percentile of the market, so treat them as the low side of what a typical unit lists for.

Unit sizeFY2027 Fair Market RentChange from FY2026
Studio$1,456+1.0%
1 bedroom$1,517+0.7%
2 bedroom$1,651-0.2%
3 bedroom$2,039-1.6%
4 bedroom$2,499-2.1%

Source: HUD Fair Market Rents. Updates when HUD publishes a new fiscal year.

Is rent going up or down in Richmond?

Typical rent across Richmond City is $1,604 as of September 2026. That is up 3.0% from a year earlier and up 26.1% over five years.

YearTypical rent, Richmond CityChange
2021$1,317+11.4%
2022$1,434+8.9%
2023$1,467+2.3%
2024$1,550+5.7%
2025$1,569+1.2%
2026 (through September)$1,604+2.2%

Zillow Observed Rent Index for the county, all home types, last published month of each year. Each row is compared with the end of the year before it.

Richmond rent questions

What is the average rent in Richmond, VA?
Typical asking rent in Richmond is $1,682 a month as of September 2026, across 11 ZIP codes. By ZIP code it runs from $1,469 to $2,094.
How much is rent for a 2 bedroom in Richmond?
HUD's FY2027 Fair Market Rent for a two bedroom in Richmond city is $1,651 a month including utilities. A one bedroom is $1,517 and a three bedroom is $2,039. Fair Market Rent is set near the 40th percentile, so a typical unit lists somewhat higher.
Is rent going up or down in Richmond?
Rent is rising. Typical rent in Richmond City is $1,604 as of September 2026, up 3.0% from a year earlier.
What is the cheapest ZIP code to rent in Richmond?
ZIP 23223 has the lowest typical asking rent in Richmond at $1,469 a month, compared with $1,682 for the city overall.
How much income do you need to rent in Richmond?
Most landlords look for gross income of about three times the rent. At the typical Richmond rent of $1,682, that is about $5,046 a month, or $60,552 a year. This is a common screening rule of thumb, and individual landlords set their own.

How to use these numbers

These are Zillow Observed Rent Index values, a smoothed measure of typical asking rent for single family homes, condos, and apartments in each ZIP code. They describe what units are listed for, not what any specific unit will get. Condition, bedroom count, and the exact block all move the number.

If you are underwriting a purchase, use the ZIP figure rather than the city median, and then verify against live listings for the same bedroom count before you commit. Richmond sits in the Richmond, VA metro area.

Other Virginia cities

Would a rental in Richmond cash flow?

Start the analyzer with the Richmond median rent of $1,682 and add a real purchase price to see cash flow, cap rate, and cash-on-cash return.