RentDataNowRentDataNow
City Report · VA

Henrico

·56th most expensive in Virginia·Henrico rents are up 9.0% over the past year
Median rent (all units)
$1,782/mo
Year-over-Year
+9.0%
Month-over-Month
+0.9%
vs US Median
-$183
Rising (Monthly)
Be the first to discuss Henrico rents ↓
Most AffordableMost Expensive
Henrico · $1,782
More affordable than 55% of US cities · National median $1,965/mo
Rent Reality Score
56/100
Fairly priced
OverheatedFairGreat value

Rents are 3% below what Henrico's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$1,782/mo
Expected by trend
$1,834/mo
The Rent Reality Score compares today's median rent to where Henrico's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,526
1 BR
$1,584
2 BR
$1,753
3 BR
$2,221
4 BR+
$2,743
Research median
$1,753/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost
$21,384/yr
At $1,782/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 9.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+9.0% YoY, +0.9% MoM), not inventory.
Rent check

Is your rent fair?

Compare your rent to the local median.

2021 vs 2026

How Henrico, VA has changed in 5 years

Rent
$1,312 → $1,782
up 35.8%

Across the past five years, the going rent in Henrico, VA has shifted from $1,312 to $1,782, up 35.8% since 2021. Reading these numbers side by side helps frame whether current listings in Henrico, VA look reasonable against where the market sat half a decade ago.

Community

Discussions about Henrico

No discussions yet. Start the conversation.

View Henrico rent history (2015–2026) →
Salary vs rent

Can you afford rent in Henrico on your salary?

At $1,782/mo, how Henrico rent compares to typical pay (30% rule).

By apartment size

Henrico rent by bedroom count

Median rent for each apartment size in Henrico. Click any size for full breakdown.

Local insights

Tips for renters in Henrico

About renting in Henrico, VA

Last updated: July 20, 2026

The median rent in Henrico is $1,782/mo as of July 2026. A studio apartment averages $1,526/mo while a 2-bedroom runs $1,753/mo. One-bedroom apartments average $1,584/mo and 3-bedroom units go for $2,221/mo.

At 30% of estimated US median household income ($72,000/yr), Henrico ranks as moderate compared to the national benchmark of 30%. Rents have increased 9.0% over the past year.

FAQ

Frequently asked questions

Is Henrico an affordable city for renters?

Henrico is considered moderate for renters. At $1,782/mo, rent takes approximately 30% of the US median household income ($72,000/yr). The standard benchmark is 30%. Henrico slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Henrico?

To keep rent at or below 30% of gross income, you would need to earn at least $71,000/year (~$34/hour full-time) to afford the median rent of $1,782/mo in Henrico.

Is rent going up or down in Henrico?

Rent in Henrico has increased 9.0% over the past year as of July 2026, putting upward pressure on renter budgets.

Which Henrico neighborhoods have the lowest rent?

The most affordable ZIP codes in Henrico are 23223 ($1,558/mo), 23294 ($1,615/mo), and 23227 ($1,621/mo). Citywide, the median rent in Henrico is $1,782/mo.

How does Henrico rent compare to other cities in Virginia?

Henrico is one of the more affordable cities in Virginia for rent, ranking #56 out of 83 tracked cities at $1,782/mo.

Which nearby cities are cheaper to rent in than Henrico?

Several nearby cities have lower median rents than Henrico ($1,782/mo): Montrose ($1,595/mo), Richmond ($1,682/mo), East Highland Park ($1,755/mo).

How does Henrico rent compare to the national average?

Henrico's median rent of $1,782/mo is $183 (9%) below the US national median of $1,965/mo. Within Virginia, it ranks #56 out of 83 tracked cities.
Income Affordability
30%
MODERATE

At $1,782/mo, rent takes ~30% of US median household income ($72,000/yr). The standard benchmark is 30%.

Henrico 30%Benchmark 30%
State income tax2–5.75%
Run the Henrico affordability calculator →
Compare

How does this area stack up?

Pick another city or ZIP to compare.

Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Henrico, VA

Recent submissions

Be the first to submit your rent for Henrico.

Recent discussions

No discussions yet.