Cheap Apartments for Rent in Chatham, VA from $500 (49 Rentals)

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Search the lowest-cost Apartments available for rent right now in Chatham.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Timber East Apartments
$815 - $1,280
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$785 - $1,250
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Contact Us For Availability

Timber East Apartments

119 Shrader LnLynchburg, VA 24502
Affordability
  • Verified
  • Utilities Included
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1 Element
$920 - $1,292
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$878 - $1,250
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Contact Us For Availability

1 Element

22 Apala CirLynchburg, VA 24502
Affordability
  • Verified
  • Customer Reviewed
  • Utilities Included

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

property at 679 Arnett Blvd

$750

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$750

Total Monthly Price
$750

1 Bedroom, 1 Bath Home for Rent

Available Now

679 Arnett Blvd

DanvilleVA24540
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100 Marshall Way
1 to 2 Bedroom Apartments

100 Marshall Way

100 Marshall WayFieldale, VA 24089
  • Utilities Included
property at 400-402 Amherst Ave

$795

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$795

Total Monthly Price
$795

2 Bedroom, 1 Bath Townhome for Rent

Available Now

400-402 Amherst Ave

AltavistaVA24517

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Ray Commons
Studio to 2 Bedroom Apartments

Ray Commons

625 Washington StEden, NC 27288
property at 3701 US-29 BUS

$825

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$825

Total Monthly Price
$825

2 Bedroom, 1 Bath Home for Rent

Available Now

3701 US-29 BUS

DanvilleVA24540
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Fayette Street Lofts
1 Bedroom Apartments

Fayette Street Lofts

62 Fayette StreetMartinsville, VA 24112
Corporate Housing
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224 The Blvd
1 Bedroom Apartments

224 The Blvd

224 The BlvdEden, NC 27288
Corporate Housing
  • Utilities Included
property at 250 Harley Ln

$850

Total Monthly Price

Total Monthly Price

Base Rent
$850

Total Monthly Price
$850

2 Bedroom, 2 Bath Home for Rent

Available Now

250 Harley Ln

DanvilleVA24540
property at 1215 Washington St

$875

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$875

Total Monthly Price
$875

2 Bedroom, 1 Bath Home for Rent

Available Now

1215 Washington St

DanvilleVA24540
property at 1455 Aspen St

$895

Total Monthly Price

Total Monthly Price

Base Rent
$895

Total Monthly Price
$895

3 Bedroom, 1 Bath Home for Rent

Available Now

1455 Aspen St

DanvilleVA24540
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Ivy Ridge
2 to 3 Bedroom Apartments

Ivy Ridge

1609 McVeigh RdLynchburg, VA 24502
  • Utilities Included
property at 373 Juless St

$900

Total Monthly Price

Total Monthly Price

Base Rent
$900

Total Monthly Price
$900

2 Bedroom, 1 Bath Home for Rent

Available Now

373 Juless St

DanvilleVA24541

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

property at 5109 Dry Fork Rd

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

2 Bedroom, 1 Bath Home for Rent

Available Now

5109 Dry Fork Rd

Dry ForkVA24549
property at 837 Melrose Ave

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

4 Bedroom, 1 Bath Home for Rent

Available Now

837 Melrose Ave

DanvilleVA24540
property at 835 Glendale Ave

$975

Total Monthly Price

Total Monthly Price

Base Rent
$975

Total Monthly Price
$975

3 Bedroom, 1 Bath Home for Rent

Available Now

835 Glendale Ave

DanvilleVA24540
property at 121 Hamlin Ave

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

2 Bedroom, 1 Bath Home for Rent

Available Now

121 Hamlin Ave

DanvilleVA24540
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58 West Apartments
2 Bedroom Apartments

58 West Apartments

12265 Martinsville HwyDanville, VA 24541
  • Utilities Included
property at 365 Juless St

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

2 Bedroom, 1 Bath Home for Rent

Available Now

365 Juless St

DanvilleVA24541
property at 219 Girard St

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

2 Bedroom, 1 Bath Home for Rent

Available Now

219 Girard St

DanvilleVA24540

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

property at 863 Stokes St

$1,050

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,050

Total Monthly Price
$1,050

2 Bedroom, 1 Bath Home for Rent

Available Now

863 Stokes St

DanvilleVA24541
property at 713 Springfield Rd

$1,100

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

3 Bedroom, 2 Bath Townhome for Rent

Available Now

713 Springfield Rd

DanvilleVA24540
property at 2036 Cascade Mill Rd

$1,100

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

2 Bedroom, 1 Bath Home for Rent

Available Now

2036 Cascade Mill Rd

CascadeVA24069
property at 3553 Reeves Mill Rd

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

2 Bedroom, 1 Bath Home for Rent

Available Now

3553 Reeves Mill Rd

SutherlinVA24594

Chatham, VA Local Guide

Cheapest Available Chatham Apartments for Rent and Nearby

 

The cheapest available apartment rental in Chatham, VA is a 1 Bed unit found at Dillard School priced from $533. Willow Creek has the second lowest priced unit, which is a 2 Beds apartment currently listed from $695. Here is today’s list of the most affordable Chatham apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Dillard School1 Bed, 1 bath1BR,1BA$533
Willow Creek2BR/1.0BA2BR,1BA$695
Cardinal's Crest Apartments1 Bedroom1BR,1BA$770
Wesley Apartments - Senior Living CommunityStudio (UFAS/Accesible)Studio,1BA$790
Daniel Hill Apartments2 Bed 1 Bath2BR,1BA$820
BeechwoodLarge 1 Bed/ 1 Bath1BR,1BA$845
Hill Court Apartments2 Bed 1 Bath2BR,1BA$875
Northpointe11BR,1BA$900
School Drive ApartmentsOne Bedroom1BR,1BA$921
Lynn Street Lofts2BR/2.0BA2BR,2BA$929

Best Value Apartments for Rent in Chatham, VA and Nearby

As of July 08, 2026 the best value apartment in the Chatham area is the $0.97 price per square foot 3 Bed/ 2 Bath Model at Kendall Square in the in the Wyndhurst neighborhood starting from $1,375. The second greatest value Chatham apartment is the Phase 2-Call for availability before applying Model at WillowBrook Luxury Apartments starting at $1,615 with a $1.15 price per square foot in the Wyndhurst neighborhood. Here is today’s list of the best values for Chatham apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Kendall Square3 Bed/ 2 Bath3BR,2BA$0.97
WillowBrook Luxury ApartmentsPhase 2-Call for availability before applying4BR,2BA$1.15
Lynn Street Lofts2BR/2.0BA2BR,2BA$0.77
Grand VistasDogwood1BR,1BA$1.10
Parkside Grande at Cornerstone2BR2BR,2BA$1.14
Dan River CrossingDRC 1bedroom - Upgrade1BR,1BA$1.24
Oakmont ApartmentsDownstairs 2 Bed/1.5 Bath2BR,1.5BA$1.07
Daniel Hill Apartments2 Bed 1 Bath2BR,1BA$1.03
BeechwoodLarge 1 Bed/ 1 Bath1BR,1BA$1.24
Dillard School1 Bed, 1 bath1BR,1BA$0.79

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Chatham, VA Rentals by Map

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Frequently Asked Questions about Cheap Chatham Apartments

How much is rent for a Cheap One Bedroom Chatham Apartment?

The lowest price for a Cheap One Bedroom Chatham Apartment is $533 at Dillard School.

What is the lowest price for a Cheap Two Bedroom Chatham Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Chatham is starting from $695 at Willow Creek.

What is the most affordable Chatham Three Bedroom Apartment?

The best deal on a cheap Chatham Three Bedroom Apartment rental is at Hill Court Apartments and starts from $999.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.