The Ace
1201 N Arthur Ashe Blvd,
Richmond, VA 23230
$1,495 - $4,515
Studio - 2 Beds
Downtown Richmond
Richmond, VA
Downtown Richmond - Richmond, VA
Area Guide
Where Richmond lives
Urban
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Hip
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Trendy
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Walkable
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Artistic
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Culture
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Shops
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Restaurants
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Nightlife
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Live right in the center of the urban action in Downtown Richmond. As the heart of the city, this neighborhood gives you easy access to the hippest downtown areas, including Shockoe Bottom and the Fan. The neighborhood also sits near the intersection of both major interstates and Broad Street, making it a perfect location for pedestrians and drivers alike.
With numerous high-rise apartments for rent offering gorgeous views of the James River, this neighborhood has something for nature lovers as well. Brown's Island provides all the comforts of the outdoors right at your doorstep. When the weather warms, locals flock there for Friday Cheers, a weekly outdoor musical festival showcasing hip regional and traveling bands.
Downtown Richmond is also the place to be for major touring acts, with the Richmond Coliseum, the National Theater, and Richmond CenterStage hosting world-class shows and concerts year-round.
Rent Trends
As of October 2025, the average apartment rent in Downtown Richmond is $1,282 for a studio, $1,561 for one bedroom, $1,944 for two bedrooms, and $2,439 for three bedrooms. Apartment rent in Downtown Richmond has increased by 1.2% in the past year.
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Studio
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504 sq ft
Average Sq Ft
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$1,282/month
Average Rent
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1 BR
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675 sq ft
Average Sq Ft
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$1,561/month
Average Rent
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2 BR
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980 sq ft
Average Sq Ft
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$1,944/month
Average Rent
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3 BR
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1,367 sq ft
Average Sq Ft
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$2,439/month
Average Rent
Points of Interest
Shopping Centers
Parks and Recreation
- Monroe Park
- Science Museum of Virginia
- Children's Museum of Richmond
- Byrd Park
- Maymont House & Park
Airports
- Richmond International
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in September 2025.