An economically progressive city and Virginia's capital, Richmond offers a wealth of amenities not easily found among other East Coast municipalities. Richmond is among a handful of mid-sized cities to offer a flourishing cultural community enhanced by several first-class museums and prominent universities. If you are a history lover, foodie and consider yourself outdoorsy, welcome to Richmond, Virginia. There are plenty of rental opportunities out there, so go find your new home and make your big move now.
|Number Of Employees||109,362|
|Median Property Value||$209,200|
If you’re searching for a city with perfect location, make sure to consider Richmond. Located in close proximity to the sea, the mountains, and Washington, DC, it’s also the northernmost city of the South. Needless to say, this place is a powerful interplay of the old and the new, the cold and the warm, the relaxed and the ambitious. A home to almost a half of the state’s Fortune 500 enterprises and plenty of nation’s biggest intelligence agencies, Richmond is significantly more than you think it is. With more than 200 million square feet of space spent for offices, it’s called ‘the economic engine of the state.’Around 220,289 Americans call this place home, and you have a chance to join the rank of Richmonders at any time.
Law and finance have long been driving forces in the economy. Richmond is home to both the United States Court of Appeals for the Fourth Circuit, one of 13 United States courts of appeals, and the Federal Reserve Bank of Richmond, one of 12 Federal Reserve Banks, as well as offices for international companies such as Genworth Financial, Capital One, Philip Morris USA, and numerous other banks and brokerages. Richmond is also home to four of the largest law firms in the United States: Hunton & Williams, McGuireWoods, Williams Mullen, and LeClairRyan. Fortune 500 companies, including Freddie Mac, Northrop Grumman, General Dynamics, Capital One, AES Corporation, and the Science Applications International Corporation (SAIC).
Richmond has a humid subtropical climate with hot and humid summers and generally cool winters. The mountains serve as a barrier to the cold, however, the chilliest time of year is usually late December through early February.
There’s a reason National Geographic said Richmond is a place to visit for food and Condé Nast Traveler said Richmond was the “Southern Food Destination You Need to Know About.” L’Opossum has been called unmissable and one of the 100 best restaurants in America (OpenTable) Metzger wins raves for its German food in Church Hill while Dutch & Company, the Roosevelt, and Rappahannock continue to impress. Sub Rosa Bakery, Proper Pie and the Dog and Pig Show round out the Church Hill food tour while Internationally renowned culinary celebrity Chef Peter Chang is spicing things up at Peter Chang China Cafe in Short Pump.
Richmond is the ultimate cultural center. There are dozens of cultural venues a sample of which include, Carpenter Center, Concert Ballet of Virginia, Ethyl Imax Dome and Planetarium, Firehouse Theatre, Landmark Theatre, Richmond Philharmonic, and Richmond Symphony.
The city is the fourth most populous in the state. Over half of Richmond’s population is black. Richmond is an amalgam of cultures and religions. The city also has religious institutions for Muslims, Hindus, Jews, and other groups.
The present city of Richmond was founded in 1737. Richmond became the capital of the Colony and Dominion of Virginia in 1780. In 1775, Patrick Henry delivered his famous "Give me Liberty or Give me Death" speech in St. John's Church in Richmond, crucial for deciding Virginia's participation in the First Continental Congress and setting the course for revolution and independence. During the American Civil War, Richmond served as the capital of the Confederate States of America. The city entered the 20th century with one of the world's first successful electric streetcar systems, as well as a national hub of African-American commerce and culture, the Jackson Ward neighborhood.
History and Richmond go hand in hand so make sure to check out St. John's Episcopal Church, built in 1741, is the oldest church in Richmond. The Cathedral of the Sacred Heart, Watts Hall at Union Presbyterian Seminary, Lee Monument on Monument Avenue, The Carpenter Theatre, The Science Museum of Virginia, The Historic Downtown, The Bell Tower, Museum of the Confederacy, Edgar Allen Poe Museum, Virginia Historical Society, Maymont,The Jefferson Hotel, The Virginia Museum of Fine Arts.
Richmond operates one of the oldest municipal park systems in the country. Several parks are located along the James River, and the James River Parks System offers bike trails, hiking and nature trails, and many scenic overlooks along the river's route through Richmond. Two other major parks in Richmond along the river are Byrd Park and Maymont, located near the Fan District. Byrd Park features a running track, with exercise stops, a public dog park, and a number of small lakes for small boats, as well as two monuments, Buddha house, and an amphitheater. There are also parks on two major islands in the river: Belle Isle and Brown's Island.
|May||vs Last Month|
|4+ bed apartments||$9,596||+10.9%|
Over the May 2023, the average rent for an apartment in/near Richmond, VA decreased by 34.1% to $2,742.
Compared to the last month, the average price for a rental studio in Richmond, VA has decreased by 7.6%. You can expect to rent the studio for $2,107 on average this month. Breaking it down in details, we now see that the average price for 1-bed apartment decreased by 30.1% to $1,697. Pricing for 2-bed apartment also decreased by 30.5% and a place of this size will now cost you $2,744. 3-bed apartment rent pricing starts at $3,731, it decreased by 33.8% lately. We tend to note the rise of 4- and more bed apartment pricing. It increased by 10.9% and made it up to $9,596.
Rent Type Price
|May||vs Last Month|
|Townhouses for rent||$2,558||-18.5%|
|Rooms for rent||$963||+28.9%|
|Houses for rent||$4,567||-21.9%|
|Condos for rent||$3,658||-5.4%|
|Apartments for rent||$2,022||-31.6%|
The median rent for an apartment in Richmond, VA decreased by 31.6% to $2,022. Statistics show that house rent price decreased by 21.9% this month making it up to $4,567. Condos faced an upward trend these days. The median rent for a condo decreased by 5.4%, it’s now available for $3,658. An average room will now go for $963, the median rent price for a room increased by 28.9%. The median rent for a townhouse decreased by 18.5%, you’ll have to spend around $2,558 to get one.
Richmond is home to a diverse array of neighborhoods, each with its own identity and charm.
With Rentberry, it’s easy to find your perfect long-term Richmond apartment. Landlords in Richmond will expect an initial deposit and a 6 or 12-month lease on your rental apartment. Some in-demand amenities include apartments with Elevators, Storage, and those with Utilities Included.
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The picturesque Fan district so named for the configuration of its streets, which fan out as you move from east to west offers a range of architectural styles and a host of small businesses. There are plenty of available homes and apartments for rent in this neighborhood and neighbors are very mixed, attracting everyone from starving students, artists and young families to doctors, lawyers, brokers and Old Richmond money.
Up until they moved from Tobacco Row in the 1980s, the area was home to many of the country's largest tobacco companies. Shockoe Bottom, just east of downtown along the James River, became a major nightlife, dining, and entertainment center in the last two decades of the 20th century.
Downtown is the central hub for culture and business so it’s where you will have the most luck finding available apartments or houses for rent. Monroe Ward is the neighborhood defined by the following streets. East of Belvidere, South of Broad, North of Franklin, and West of 14th Street. Monroe Ward lies just north of the Midtown Neighborhood. Lots of Virginia Commonwealth University students live in this area and the historic Jefferson Hotel is located here.
The Carver neighborhood with the redevelopment of older housing, some new houses, and apartments for rent. The north side of Broad Street of Virginia Commonwealth University facilities and student housing is a diverse mix of students, singles, young families, and elderly residents.
Just east of Shockoe Bottom, Tobacco Row is a collection of tobacco warehouses and cigarette factories adjacent to the James River and Kanawha Canal. In 2006 the Richmond Housing Authority worked with developers to redevelop former warehouses in Tobacco Row into 250 mixed-income housing units and apartments for rent.
Just over the Henrico County Line, the Westham neighborhood is adjacent to the University of Richmond campus and close to the Country Club of Virginia, in an elegantly wooded area featuring white oaks, crepe myrtles, dogwoods, boxwoods, and azaleas. Many of the kids who go to nearby private schools St. Catherine’s and St. Christopher’s.
At the very edge of Richmond city limits to the North, Bellevue offers the feel of suburban living with the convenience of city amenities. Houses are more modest but well-appointed here, and neighbors know each other’s names and phone numbers by heart. A good mix of young families, retirees and singles of all ages. Mostly well-educated and upper-middle-class, there is a fair number of artists and craftsmen mixed in so there is always turnover and plenty of available condos and apartments for rent.
Just across the James River in Southside is Woodland Heights, just five minutes from the heart of downtown. From its beginning as a trolley car neighborhood in the early 1900s, Woodland Heights is today a vibrant community that falls somewhere between urban and suburban. Here you’ll find Richmond diversity at its best in a neighborhood with a decidedly artsy flair and high ceiling apartments for rent.