Looking to get more bang for your rental buck? Then think about a move to Hampton Roads, which surprisingly offers more square footage for the same rent as can be found in Richmond.
Driving the news: A monthly rent of $1,500 gets you an 898-square-foot apartment in Richmond, slightly more space than the national average of 782 square feet for that price, according to a new report from RentCafe.
Why it matters: Rent prices skyrocketed during the pandemic and continue to go up, but this is a reminder that it could be worse for Richmonders.
- We could be in Arlington, which ranks at No. 17 of cities in the country where folks are getting the least amount of space for $1,500.
Zoom in: If you're in the market Richmond apartment now, here are a few active listing for $1,500:
- A 950-square-foot, two-bedroom, one-bath atop Lillie Pearl restaurant in downtown Richmond.
- An 864-square-foot one-bedroom, one-bath loft in Tobacco Row.
- And a (very) tiny 364-square-foot studio house in the Fan.
Get more local stories in your inbox with Axios Richmond.
More Richmond stories
No stories could be found
Get a free daily digest of the most important news in your backyard with Axios Richmond.