Featured Rentals
Special Interest
Housing in Richmond City
Both Census and HUD figures represent gross rent — contract rent plus estimated utility costs for electricity, heat, water, and sewer.
Rent in Richmond City averages $1,372/month for a 2‑bedroom in 2024, compared to the Virginia median of $1,579 and the national median of $1,413. Local renters spend approximately 34% of household income on rent, above the national average of 32%.
HUD 2026 50th Percentile Rent Estimates for Richmond City FMR Area are $1,571 for a studio, $1,643 for 1‑bedroom, $1,804 for 2‑bedroom, $2,259 for 3‑bedroom, and $2,783 for 4‑bedroom.
HUD 2026 Rent Estimates reflect market movement since 2024 Census data — a $432 increase for a 2-bedroom in Richmond City shows a 31% rise over that period.
The U.S. Bureau of Labor Statistics annual unemployment rate for Richmond City was 3.2% in 2024, compared to Virginia at 2.9% and the national rate of 4.0%.
