For young families, retired couples, and professionals looking for a nice place to live, affordable housing is important. Henrico County is an area of Richmond, Virginia that is relatively successful and has a lower crime rate than found in some other parts of the city. That’s all good but in places like Richmond rent can be very expensive. Here we’ll take a look at what the average rent is in Henrico County.
Recent Trends In The Rental Market For Henrico County
The area has an estimated 1300 different apartment complexes to choose among. Many of these apartment complexes are in clean and relatively safe areas with good amenities. There is lots of shopping and convenient access to major highways as well. When looking for a place to live, price is often a priority.
The price of rent in Henrico County, in comparison to some other areas, is fairly reasonable. Studio apartments can cost $700 to $800 a month. Two and three bedroom apartments can range from $1,000 a month up to about $1,500 a month. On average it is estimated that a two bedroom apartment will run a little over $1,000.
The Average Size Of Apartments In Henrico County
As you would imagine you can get an apartment in almost any size you can think of. You can get very small studio or efficiency apartments or you can get very large and lavish ones. Studio apartments in the area average about 350 square feet and one bedrooms are a little over 700 square feet on average. Most two-bedroom apartments range between 950 and 1000 square feet.
Overall, throughout the county, the average apartment is a little over 930 square feet. As you can see in the examples above this is only the overall average and the actual size that you get will depend on what it is that you want. As you would imagine, the larger the size the bigger the monthly rental fee will be.
One of the most affordable neighborhoods in all of Henrico County is Belle Grove. Here, the average renter pays about $880 a month. One of the most expensive neighborhoods in the county is Whispering Pines. Their renters will pay on average over $1,100 a month.
Henrico County is an area that has a lot of amenities. The crime rate is lower than in other parts of Richmond, the public school systems are highly rated, and the highway systems make it easy to access all parts of the city. All of these facts make Henrico County a great place to live for those wanting to reside in the Richmond area.