Cardinal Forest
4724 Cardinal Rd,
Richmond, VA 23228
1-3 Beds | $1,445 - $3,825
Rental Market Trends in Henrico, VA
What is the average rent in Henrico, VA?
$1,438/month
Average Rent
655 Sq Ft
Average Apartment Size
+2.1%
Increase in the Last Year
As of June 2025, the average rent in Henrico, VA is $1,438 per month. For comparison, the national average rent price in the US is currently $1,627/month, which means Henrico rent prices are 12% lower than the national average. When you rent an apartment in Henrico, you can expect to pay about $1,078 per month for a studio, $1,438 for a one-bedroom apartment, and around $1,867 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,298 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Henrico, VA?
In the past year, rent has increased by 2.1%, which averages out to $30 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated June 2025
Legend
2024
2025
Rent Ranges in Henrico, VA
Last Updated June 2025
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
57%
$1,001 - $1,500/month
29%
$1,501 - $2,000/month
14%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Henrico?
Based on current rent prices, The Villages at West Laurel and Langtree at Wellesley" are the most affordable neighborhoods in Henrico.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Henrico?
Based on current rent prices, Langtree at Wellesley and The Villages at West Laurel" are the most expensive neighborhoods in Henrico.
Neighborhood
Average Rent
Average Sq Ft
Which Henrico neighborhoods have the most rentals available?
The neighborhoods in Henrico with the most apartments available are The Villages at West Laurel and Langtree at Wellesley" .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Henrico, VA?
Because the average rent in Henrico is $1,438, you’ll want to make about $4,793 per month or $57,516 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Henrico, VA compare to other nearby cities and neighborhoods?
Use the tool below to compare Henrico, VA to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
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One Bedroom
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Two Bedroom
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Three Bedroom
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Nearby City Rent Trends
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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 June 2025.
* Percentages may not total 100 due to rounding.