Scott's Addition, Richmond, VA Rental Market Trends
Last updated: April 11, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Scott's Addition is $1,869, a 3.1% increase compared to the previous year, when the average rent was $1,813.
Studio Apartments at $1,672 offer the most budget-friendly option with 578 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 706 square feet for $1,644, balancing privacy and affordability.
Two-beedroom units at $2,428 offer 1,063 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,383 sq ft) for $3,612, suitable for larger households.
Average rent in Scott's Addition, Richmond, VA
Last updated: April 11, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,869 | 805 sq. ft. |
| Studio | $1,672 | 578 sq. ft. |
| 1 Bed | $1,644 | 706 sq. ft. |
| 2 Beds | $2,428 | 1,063 sq. ft. |
| 3 Beds | $3,612 | 1,383 sq. ft. |
Scott's Addition, Richmond, VA rent trends
Rental prices in Scott's Addition, Richmond, VA have increased by 3.1% over the past year. The average rent moved from $1,813 to $1,869.
What's the typical rent budget in Scott's Addition, Richmond, VA?
The largest share of rentals in Scott's Addition, Richmond, VA (53%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Scott's Addition, Richmond, VA?
328 or 66% of the households in Scott's Addition, Richmond, VA are renter-occupied while 170 or 34% are owner-occupied.
Most affordable neighborhoods in Scott's Addition?
Cofer $1,018/month
Elkhardt $1,208/month
Falling Creek Villa - Sherbourne Heights $1,228/month
All of these neighborhoods fall below the city wide average of $1,600/month.Most expensive neighborhoods in Scott's Addition?
The Diamond $1,969/month
Westbourne $2,036/month
Carver $2,174/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Richmond, VA By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Carver | $2,174 |
| Westbourne | $2,036 |
| The Diamond | $1,969 |
| Dabney Center | $1,964 |
| Brittons Hill | $1,955 |
| Sauer's Gardens | $1,939 |
| Stony Point | $1,936 |
| Museums | $1,927 |
| Scott's Addition | $1,869 |
| Providence Green | $1,859 |
| Central Office | $1,849 |
| Heritage Commons - Country Place | $1,810 |
| Rock Creek Park | $1,773 |
| The Fan | $1,754 |
| Manchester | $1,730 |
| Crestview | $1,714 |
| Museum District | $1,700 |
| VCU | $1,700 |
| Chamberlayne Industrial Center | $1,612 |
| Shockoe Slip | $1,596 |
| Belfair - Lantern Ridge | $1,584 |
| Old Town Manchester | $1,581 |
| Richmond City Center | $1,560 |
| Jackson Ward | $1,557 |
| Monroe Ward | $1,546 |
| Shockoe Bottom | $1,519 |
| Jahnke | $1,514 |
| Hioaks | $1,510 |
| Chippenham Forest | $1,495 |
| Upper Shockoe Valley | $1,474 |
| Central Park - Crescent Park | $1,422 |
| Malvern Gardens | $1,414 |
| Stevens Hollow - Newberry Towne | $1,413 |
| Woodland Heights | $1,400 |
| Cedarhurst | $1,341 |
| Piney Knolls | $1,307 |
| Falling Creek Villa - Sherbourne Heights | $1,228 |
| Elkhardt | $1,208 |
| Cofer | $1,018 |
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Richmond | Rent Comparison by Neighborhood
Rent in Scott's Addition is 18% higher than in Belfair - Lantern Ridge
$1,869
Scott's Addition rent is the same as Richmond average
Average Rent
$1,869
$1,584
Belfair - Lantern Ridge rent is 15% lower than Richmond average
Average Rent
$1,584
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Scott's Addition apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.