Richmond Annex renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in Richmond Annex is about $1,732 per month. This puts it in the 39th percentile compared to the city average cost of rent, which is $1,617. Households in Richmond Annex have a median income of $6,058 per month so the average renter in Richmond Annex is spending roughly 29% of their earnings on housing.
Nationally, and in Richmond Annex, home values are the data point most closely correlated with the cost of rent. The median price of a home in Richmond Annex is $688,573 right now, which is lower than nearby neighborhoods, meaning that rents in Richmond Annex also tend to be lower versus these nearby neighborhoods.
Higher rent prices are common in the eastern parts of Richmond Annex while lower rent rates are often available in western areas.
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