Rent Data · Updated August 2026
Richmond Rent Report 2026
Official 2-bedroom rent benchmarks across 47 Richmond-area ZIP codes — from $1,540 in Ashland to $2,480 in Moseley.
Key Findings
- The official benchmark for a 2-bedroom spans $1,540 to $2,480 per month across the Richmond-area localities we track — a 61% spread (HUD FY2026).
- The median tracked ZIP benchmarks at $1,760/month for a 2-bedroom.
- Moseley ($2,480) is the region’s premium-rent territory — the Magnolia Green corridor benchmarks above every ZIP in Richmond city and above Glen Allen/Short Pump ($2,200 in 23059).
- Richmond city has the widest intra-city spread: $1,540 to $2,110 across 17 residential ZIPs — a $570/month difference inside one city. Pricing by citywide average instead of ZIP costs real money.
2026 Rent Benchmarks by Locality
2-bedroom, HUD FY2026 Small Area Fair Market Rent. Locality figure is the average of ZIP-level benchmarks within the locality.
| # | City / Area | 2BR Benchmark | ZIP Range |
|---|---|---|---|
| 1 | Moseley | $2,480 | single ZIP |
| 2 | Rockville | $2,170 | single ZIP |
| 3 | Glen Allen | $2,055 | $1,910–$2,200 across 2 ZIPs |
| 4 | Mechanicsville | $2,000 | $1,800–$2,200 across 2 ZIPs |
| 5 | Midlothian | $1,983 | $1,970–$2,000 across 3 ZIPs |
| 6 | Chesterfield | $1,955 | $1,740–$2,170 across 2 ZIPs |
| 7 | Chester | $1,885 | $1,840–$1,930 across 2 ZIPs |
| 8 | Providence Forge | $1,850 | single ZIP |
| 9 | Henrico | $1,779 | $1,540–$2,030 across 7 ZIPs |
| 10 | Hanover | $1,760 | single ZIP |
| 11 | Richmond | $1,738 | $1,540–$2,110 across 17 ZIPs |
| 12 | Maidens | $1,700 | single ZIP |
| 13 | New Kent | $1,690 | single ZIP |
| 14 | Quinton | $1,630 | single ZIP |
| 15 | Ashland | $1,540 | single ZIP |
| 16 | Goochland | $1,540 | single ZIP |
| 17 | Manakin-Sabot | $1,540 | single ZIP |
| 18 | Powhatan | $1,540 | single ZIP |
| 19 | Sandston | $1,540 | single ZIP |
What This Means for Landlords
These figures are the U.S. Department of Housing and Urban Development’s official 40th-percentile gross-rent benchmarks — the payment standards behind Housing Choice Vouchers. They are not asking rents: a well-presented home in a strong school district typically leases above its ZIP benchmark. Treat them as a floor reference, not a ceiling.
ZIP-level pricing matters more than city-level pricing. A Richmond rental in the Fan or Near West End priced like a Southside ZIP leaves money on the table, and a Southside rental priced like the Fan sits vacant — the same city spans $570/month on the official benchmark. If you want a read on your specific property, our free rental analysis compares it against live local comps.
Voucher-program landlords: the ZIP-level figures here are the FY2026 basis for what the program pays in your exact ZIP code.
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Frequently Asked Questions
What is the average rent benchmark for a 2-bedroom in Richmond in 2026?
Across the 47 ZIP codes in the Richmond-area localities we track, the median official 2-bedroom benchmark is $1,760 per month (HUD FY2026 Small Area Fair Market Rents). Locality averages range from $1,540 in Ashland, Goochland, and Powhatan to $2,480 in Moseley.
What is the difference between Fair Market Rent and asking rent?
Fair Market Rent is the U.S. Department of Housing and Urban Development’s estimate of the 40th-percentile gross rent (rent plus utilities) for standard-quality units in a ZIP code. It is a payment benchmark, not an asking price — well-maintained homes in strong school districts typically lease above it. Use it as a floor reference when pricing a rental.
Which Richmond-area locality has the highest rent benchmark in 2026?
Moseley, at $2,480 per month for a 2-bedroom — the Magnolia Green corridor in western Chesterfield County. It benchmarks above every ZIP code in Richmond city and above the Glen Allen/Short Pump corridor ($2,200 in ZIP 23059).
How much does the same 2-bedroom rent for across the Richmond metro?
The official 2026 benchmark spans $1,540 to $2,480 across the localities we track — a 61% spread. Richmond city alone spans $1,540 to $2,110 across its 17 residential ZIP codes, so pricing off a citywide average can miss by more than $500 a month.
How much can a landlord charge for a Section 8 rental in Richmond?
Housing Choice Voucher payment standards in the Richmond, VA HUD Metro FMR Area are set using HUD Fair Market Rents. The ZIP-level figures in this report are the FY2026 Small Area FMR benchmarks; the local housing authority sets its payment standard as a percentage of them.
Methodology & Source
Data: U.S. Department of Housing and Urban Development, FY2026 Small Area Fair Market Rents for the Richmond, VA HUD Metro FMR Area (revised file effective May 21, 2026), retrieved August 21, 2026 from huduser.gov. Locality figures are the unweighted average of HUD ZIP-level 2-bedroom FMRs for standard residential ZIP codes within each locality (USPS preferred city names); localities shown are those in and around Flat Fee Landlord’s Richmond service area. FMRs estimate the 40th-percentile gross rent (rent + utilities) for standard-quality units. Analysis by Flat Fee Landlord. This page is refreshed when HUD publishes each fiscal year’s figures. Journalists and researchers may cite this analysis with attribution and a link. See also: our Northern Virginia, Fredericksburg, Washington DC, Maryland, Austin, Dallas–Fort Worth, Houston, and San Antonio rent reports.
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