Apartments in Huguenot Richmond

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$2,395
2912 Westgate Dr Richmond, VA
3 BR | Available Now
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18
$2,400
4000 Oakleaf RD Richmond, VA
3 BR | Available Now
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$1,750
9921 Groundhog Dr Richmond, VA
2 BR | Available Now
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$1,362 - 1,869
2024 Timbers Hill Road Richmond, VA
1 - 2 BR | Available Now
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1
$1,800
2159 Waters Ml North Chesterfield, VA
2 BR | Jan. 17, 2025
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$1,800
11112 Robious Rd North Chesterfield, VA
3 BR | Available Now
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59
$1,447 - 2,577
2301 Thoroughbred Cir Midlothian, VA
1 - 2 BR | Available Now
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18
$1,426 - 1,937
2301 Thoroughbred Circle Midlothian, VA
1 - 2 BR | Available Now
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$1,539 - 1,903
1701 Irondale Rd Bon Air, VA
1 - 2 BR | Available Now
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  3. Huguenot

Richmond:
December Rent Report

Welcome to the December 2024 Richmond Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the December 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

$1,850
$1,390
$930
$460
$0
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
Jul. 2024
Aug. 2024
Sep. 2024
Oct. 2024
Nov. 2024
Dec. 2024
1 BR       2 BR

Richmond Rent Prices Decrease From November to December

Richmond rent prices decreased over the last month. From November to December, the city experienced a -0.95% decrease for the price of a one-bedroom apartment. The rent price for a Richmond one-bedroom apartments currently stands at $1,560.0.

When we take a look at the two-bedroom comparison from November to December, Richmond experienced a 1.84% increase for the price of a two-bedroom apartment. The rent price for a Richmond two-bedroom apartments currently stands at $1,773.0.

December Prices: Richmond vs. Surrounding Areas

Midlothian, VA
Henrico, VA
Richmond, VA
South Chesterfield, VA
Glen Allen, VA
Chester, VA
Petersburg, VA
$1,719
$1,617
$1,575
$1,561
$1,532
$1,443
$1,061
$0
$600
$1,200
$1,800
$2,400
Median 1 BR Rent

Rent Prices in Richmond and Surrounding Areas

Rent prices have decreased 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 3 of the Richmond suburbs increased last month. On the other hand, 3 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Midlothian, VA, Henrico, VA, Chester, VA .

  • Rent decreased in Glen Allen, VA, Petersburg, VA, South Chesterfield, VA.

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

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

December 2024 Pricing Trends: Richmond vs. National Comparisons

New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Richmond, VA
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
$4,134
$3,160
$2,389
$2,353
$1,914
$1,575
$1,318
$1,255
$1,234
$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 declining. 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 December 1 BR M/M % Change 2 BR December 2 BR M/M % Change
Richmond, VA $1,575.0 -0.82% $1,741.0 0.58%
Midlothian, VA $1,719.0 4.44% $2,115.0 -1.31%
Glen Allen, VA $1,532.0 -0.19% $1,904.0 0.00%
Petersburg, VA $1,061.0 -1.67% $1,340.0 0.83%
Henrico, VA $1,617.0 0.56% $1,883.0 -1.21%
South Chesterfield, VA $1,561.0 -1.14% $1,716.0 6.58%
Chester, VA $1,443.0 3.37% $1,606.0 -0.50%

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.