Apartment Price Drops This Week in Richmond, VA
Which apartments in Richmond had the biggest rent drops this week?
Data updated: October 15, 2025 at 10:55 AM PDT
Rents are shifting fast in Richmond, and we’re here to help you stay ahead. This week’s top price drops reflect some of the best deals we’ve seen in months.
How are rent trends changing in Richmond?
This week in richmond, rent prices continued to adjust. Month-over-month, 1-bedrooms rose 0.3% and 2-bedrooms rose 0.0%.
Which apartments dropped in price the most this week?
Unit 706-05 at The Collection of Historic Richmond, featuring 3 bedrooms and 2 bathrooms, recently saw a price reduction of $451, bringing the rent down to $1899. Meanwhile, Unit 333 at The Scout Scott’s Addition, which offers 2 bedrooms and 2 bathrooms, has decreased by $418, making the new price $2117. These attractive deals present a great opportunity for those seeking quality living spaces at more affordable prices.
| Property Name | Unit Description | New Price (Drop) | Drop Date |
|---|---|---|---|
| The Collection of Historic Richmond | 3 beds, 2 baths | $1899 (-$451) | 10/11 |
| The Scout Scott’s Addition | 2 beds, 2 baths | $2117 (-$418) | 10/10 |
| Boulders Lakeview | 2 beds, 2 baths | $1795 (-$211) | 10/15 |
| The Locks Tower | 1 bed, 1 bath | $1515 (-$156) | 10/14 |
| Grace & Monroe Apartments | 2 beds, 2 baths | $1494 (-$103) | 10/11 |
| The Carousel | 1 bed, 1 bath | $1660 (-$103) | 10/14 |
| The Locks | 2 beds, 2 baths | $1999 (-$101) | 10/9 |
| Scotts Collection INK | 2 beds, 2 baths | $2389 (-$100) | 10/11 |
| Ellison Museum District | 2 beds, 2 baths | $3500 (-$100) | 10/9 |
| PortRVA, LLC | Studio, 1 bath | $1195 (-$100) | 10/10 |
What neighborhoods have the most units dropping in price?
Looking to snag a great deal in Phoenix? Check out these vibrant neighborhoods where listings have recently seen price drops! Old Town Manchester and Scott’s Addition both have four listings each that have become more budget-friendly. Whether you’re drawn to the historic charm of Old Town Manchester or the trendy vibe of Scott’s Addition, now might be the perfect time to explore these areas and find your dream home at a more attractive price. Happy house hunting!
| Neighborhood | Listings |
|---|---|
| Old Town Manchester | 4 |
| Scott’s Addition | 4 |
| The Fan | 4 |
| Dumbarton | 2 |
| Shockoe Bottom | 2 |
| Jackson Ward | 2 |
| Central Office | 2 |
| Monroe Ward | 2 |
| The Museum District | 1 |
| Woodland Heights | 1 |
These rent drops are combined with specials!
These listings not only dropped in price — they’re also offering incentives like weeks of free rent or look & lease bonuses.
| Property | Description | Special |
|---|---|---|
| The Collection of Historic Richmond | 3 beds, 2 baths, -$451 | Free app fee + $50 |
| The Scout Scott’s Addition | 2 beds, 2 baths, -$418 | $1000 off rent |
| Boulders Lakeview | 2 beds, 2 baths, -$211 | 1mo free rent |
| The Locks Tower | 1 bed, 1 bath, -$156 | Half Month Free |
| The Carousel | 1 bed, 1 bath, -$103 | 6W Free til 11/15 |
| The Locks | 2 beds, 2 baths, -$101 | $1000 off first rent |
| Ellison Museum District | 2 beds, 2 baths, -$100 | 6 WKS FREE! |
Want to keep up with future price changes?
Bookmark this page or search all apartments in Richmond to see the latest.
Note: Pricing, availability, and specials are subject to change. Please check the individual listings for the most up-to-date information.
