Rental market snapshot for The Museum District, Richmond

The Museum District rental market summary

The rental market in The Museum District, Virginia, is showing signs of stability. In July 2023, there were 84 new listings, indicating that the market is still active. The median rent in July 2023 was $1,550, a slight decrease of 2.8% from the previous month. This suggests that prices are not increasing significantly, but are instead remaining relatively steady.

The median rent in July 2023 was also the same as it was in July 2022, indicating that the rental market in The Museum District has not seen any major changes in the past year. This suggests that the market is relatively stable and that prices are not likely to increase or decrease significantly in the near future.

Median rent for all residential properties in The Museum District

Get the latest rental data first

Our dashboards give you an instant snapshot of everything you need to keep tabs on your markets.

The most expensive listings and top trending buildings in The Museum District

Most Expensive Listings

AddressRent PriceBed / Bath
1027 Tilden St$2,8002 / 1.5
3334 Cutshaw Ave$2,5002 / 1.0
3305-3307 Cutshaw Ave$2,4003 / 2.5
3509 Hanover Ave$2,1502 / 1.0
3511 Hanover Ave$2,0452 / 1.0

Top Trending Buildings

We currently do not have this data but we are working to add this soon.

Get the latest rental data first

Our dashboards give you an instant snapshot of everything you need to keep tabs on your markets.

Bedroom Breakdown in The Museum District

Studio
$1,650
MEDIAN RENT
1 Bedroom
$1,710
MEDIAN RENT
2 Bedroom
$1,749
MEDIAN RENT

The Museum District neighborhood apartments rents

The rental market for studios in The Museum District, Virginia appears to be stable, with only two new listings in July 2023 and a median rent of $1,650. Unfortunately, no data is available for June 2023, so it is not possible to determine the percent change in rent from June to July. Overall, the rental market for studios in The Museum District appears to be steady and consistent.

The rental market for 1-bedroom apartments in The Museum District, Virginia appears to be stable, with only one new listing in July 2023 and a median rent of $1,710. Unfortunately, no data is available for June 2023, so it is impossible to determine the percent change in rent from June to July. Overall, the rental market for 1-bedroom apartments in The Museum District appears to be relatively stable.

The rental market for 2-bedroom apartments in The Museum District, Virginia, is expected to remain relatively stable in the coming months. In June 2023, there will be only one new 2-bedroom listing, indicating that the market is not likely to experience a significant influx of new inventory. The median rent for 2-bedroom apartments in June 2023 is estimated to be $1,749, which is a 9.7% increase from the median rent in April 2023 of $1,595. This suggests that the rental market in The Museum District is likely to remain steady in the near future.

Explore other Richmond Neighborhoods

Woodland Heights
Museums
Monroe Ward
City Center
Union Hill
Fulton

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of 2023-07-31, the median rent in The Museum District is $1,550.
Made withDataherald