Richmond city: Median Gross Rent Trend
How Richmond city's median gross rent changed from 2017 to 2023, based on U.S. Census Bureau ACS 5-Year Estimates. The 2019 vintage reflects the pre-COVID peak; 2021 captures the immediate COVID-era disruption; 2022–2023 show the recovery.
2017
$1,329
2023
$1,895
Total change
+$566
% change
+42.6%
| Year | Median Gross Rent | Change |
|---|---|---|
| 2017 | $1,329 | — |
| 2019 | $1,509 | +$180 (13.5%) |
| 2020 | $1,574 | +$65 (4.3%) |
| 2021 | $1,683 | +$109 (6.9%) |
| 2022 | $1,853 | +$170 (10.1%) |
| 2023 | $1,895 | +$42 (2.3%) |