
Cheap Apartments for Rent in the Downtown Fredericksburg Neighborhood of Fredericksburg, VA from $1,000 (34 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Fredericksburg area of Fredericksburg.


627 Wolfe St

Townsend Square

The Commons at Cowan Boulevard

Camden Hills

Wellington Woods

512 Caroline St

Riverwoods Apartments of Fredericksburg
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.

The Residences at Belmont

1115 Winchester St

Total Monthly Price
505 Hawke St, Unit 1, Unit 1

320 Wolfe St

The Factory at Upper Spotsy

606 Stuart St

604 Caroline St

503 Hanover St, Unit 6
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.

MAA Cobblestone Square

MAA Greenbrier

500 Claiborne Ave

20 Dawson Dr

Madonna House at Belmont Senior Apartments

Forest Village Apartments

Monticello Square Apartments

Hazel Hill
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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.

531 Hanover St

803 Wolfe St

1218 Thornton St

Crestview Apartments

1929 Sierra Dr

620 Kenmore Ave

606 Stuart St, Unit 2, Unit 2

Summit Kings Mill
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Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

918 Mercer St

Hanover House
Downtown Fredericksburg, Fredericksburg, VA Local Guide

How much does it cost to rent an apartment in Downtown Fredericksburg?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Fredericksburg 1 Bedroom Apartments | $1,739 | $1,150 | $2,295 |
| Downtown Fredericksburg 2 Bedroom Apartments | $2,083 | $1,250 | $4,550 |
| Downtown Fredericksburg 3 Bedroom Apartments | $1,912 | $1,550 | $2,378 |
Browse Apartments in this Neighborhood
There are currently 34 rentals with your search options within a 2 mile radius of the Downtown Fredericksburg Neighborhood of Fredericksburg, VA.
See all Apartments in FredericksburgExplore Fredericksburg
Downtown Fredericksburg, Fredericksburg, VA Local Guide
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Cheapest Available Downtown Fredericksburg Apartments for Rent
 The cheapest available apartment rental in the Downtown Fredericksburg area of Fredericksburg, VA is a 1 Bed unit found at Camden Hills priced from $1,399. Wellington Woods has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,439. Here are the most affordable Downtown Fredericksburg apartments for rent in Fredericksburg, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Camden Hills | 1 Bedroom | 1BR,1BA | $1,399 |
| Wellington Woods | 2BR | 2BR,1BA | $1,439 |
| The Commons at Cowan Boulevard | 2C | 2BR,1BA | $1,499 |
| Crestview Apartments | The Crest | 1BR,1BA | $1,519 |
| Riverwoods Apartments of Fredericksburg | The Maple | 1BR,1BA | $1,531 |
| The Residences at Belmont | The Oak - Renovated | 1BR,1BA | $1,580 |
| Summit Kings Mill | The Jackson | 1BR,1BA | $1,640 |
| The Factory at Upper Spotsy | 1 Bed | 1 Bath - Building Two | 1BR,1BA | $1,649 |
| Townsend Square | The Hathaway | 3BR,2BA | $1,709 |
| MAA Greenbrier | 11F Floor Plan | 1BR,1BA | $1,743 |
Best Value Apartments for Rent in Downtown Fredericksburg, VA
As of May 05, 2026 the best value apartment in the Downtown Fredericksburg area is the $1.61 price per square foot The Hathaway Model at Townsend Square in the in the Downtown Fredericksburg neighborhood starting from $1,709. The second greatest value Downtown Fredericksburg apartment is the The Hanover Model at MAA Cobblestone Square starting at $2,273 with a $2.26 price per square foot in the Chatham Landing neighborhood. Here is today’s list of the best values for Downtown Fredericksburg apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Townsend Square | The Hathaway | 3BR,2BA | $1.61 |
| MAA Cobblestone Square | The Hanover | 2BR,2BA | $2.26 |
| Camden Hills | 2 Bedroom W/D | 2BR,1BA | $1.85 |
| The Factory at Upper Spotsy | 2 Bed | 2 Bath Loft - Building Two | 2BR,2BA | $2.26 |
| Crestview Apartments | The Crest | 1BR,1BA | $1.76 |
| MAA Greenbrier | Elwood V | 2BR,2BA | $2.43 |
| Riverwoods Apartments of Fredericksburg | The Maple | 1BR,1BA | $1.97 |
| The Commons at Cowan Boulevard | 2C | 2BR,1.5BA | $1.93 |
| The Residences at Belmont | The Oak - Renovated | 1BR,1BA | $2.10 |
| Wellington Woods | 1B | 1BR,1BA | $2.16 |
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.
Read Article10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
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Read ArticleQuick 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.
Best Local Schools in Downtown Fredericksburg, Fredericksburg, VA
Hugh Mercer Elementary
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of neighborhoods, cities and towns, and rental properties across Virginia including Downtown Fredericksburg, Fredericksburg, and the greater Fredericksburg area. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including filtering automatically for convenient access to the outdoors, luxury housing options, kid and pet-friendly communities, availability of transit options, and how walkable or bikeable each community and area is. These search options are in the site filters at the top of this page.
Frequently Asked Questions about Cheap Downtown Fredericksburg Apartments
What is the price of a cheap apartment in Downtown Fredericksburg?
The cheapest apartment in Downtown Fredericksburg is The Commons at Cowan Boulevard which is listed at $1,399, while the average apartment in Downtown Fredericksburg costs $3,995.
What types of apartments are the cheapest in Downtown Fredericksburg?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 13 regular apartments in Downtown Fredericksburg that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Downtown Fredericksburg?
Cheap apartments in Downtown Fredericksburg have an average cost of $662 which is $3,333 cheaper than the average rent for all rentals in Downtown Fredericksburg.
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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.