Cheap Apartments for Rent in the Downtown Fredericksburg Neighborhood of Fredericksburg, VA from $1,000 (34 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Fredericksburg area of Fredericksburg.

property at 627 Wolfe St

$1,150

Total Monthly Price

Total Monthly Price

Base Rent
$1,150

Total Monthly Price
$1,150

1 Bedroom, 1 Bath Home for Rent

Available Now

627 Wolfe St

FredericksburgVA22401
property at 512 Caroline St

$1,450

Total Monthly Price

Total Monthly Price

Base Rent
$1,450

Total Monthly Price
$1,450

1 Bedroom, 1 Bath Home for Rent

Available Now

512 Caroline St

FredericksburgVA22401

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.

property at 1115 Winchester St

$1,595

Total Monthly Price

Total Monthly Price

Base Rent
$1,595

Total Monthly Price
$1,595

1 Bedroom, 1 Bath Home for Rent

Available Jun 1

1115 Winchester St

FredericksburgVA22401
property at 320 Wolfe St

$1,645

Total Monthly Price

Total Monthly Price

Base Rent
$1,645

Total Monthly Price
$1,645

2 Bedroom, 1 Bath Home for Rent

Available May 25

320 Wolfe St

FredericksburgVA22401
property at 606 Stuart St

$1,650

Total Monthly Price

Total Monthly Price

Base Rent
$1,650

Total Monthly Price
$1,650

2 Bedroom, 1 Bath Home for Rent

Available Now

606 Stuart St

FredericksburgVA22401
property at 604 Caroline St

$1,695

Total Monthly Price

Total Monthly Price

Base Rent
$1,695

Total Monthly Price
$1,695

1 Bedroom, 1 Bath Home for Rent

Available Now

604 Caroline St

FredericksburgVA22401

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 500 Claiborne Ave

$1,750

Total Monthly Price

Total Monthly Price

Base Rent
$1,750

Total Monthly Price
$1,750

2 Bedroom, 1 Bath Home for Rent

Available Now

500 Claiborne Ave

FredericksburgVA22405
property at 20 Dawson Dr

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800

Total Monthly Price
$1,800

2 Bedroom, 2 Bath Home for Rent

Available Now

20 Dawson Dr

FredericksburgVA22405
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Forest Village Apartments
Studio to 5 Bedroom Apartments

Forest Village Apartments

1300 Forest VlgFredericksburg, VA 22401
  • Utilities Included
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Hazel Hill
1 to 4 Bedroom Apartments

Hazel Hill

100 Princess Ann StFredericksburg, VA 22401
  • Utilities Included

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 531 Hanover St

$1,240

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,240

Total Monthly Price
$1,240

2 Bedroom, 1 Bath Townhome for Rent

Available Now

531 Hanover St

FredericksburgVA22401
property at 803 Wolfe St

$1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,350

Total Monthly Price
$1,350

1 Bedroom, 1 Bath Home for Rent

Available Now

803 Wolfe St

FredericksburgVA22401
property at 1218 Thornton St

$1,450

Total Monthly Price

Total Monthly Price

Base Rent
$1,450

Total Monthly Price
$1,450

1 Bedroom, 1 Bath Home for Rent

Available Now

1218 Thornton St

FredericksburgVA22401
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Crestview Apartments
1 to 3 Bedroom Apartments

Crestview Apartments

100 Crestview WayFredericksburg, VA 22401
  • Utilities Included
property at 1929 Sierra Dr

$1,525

Total Monthly Price

Total Monthly Price

Base Rent
$1,525

Total Monthly Price
$1,525

2 Bedroom, 1 Bath Home for Rent

Available Jun 5

1929 Sierra Dr

FredericksburgVA22405
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620 Kenmore Ave
1 Bedroom Apartments

620 Kenmore Ave

620 Kenmore AveFredericksburg, VA 22401
property at 606 Stuart St

$1,650

Total Monthly Price

Total Monthly Price

Base Rent
$1,650

Total Monthly Price
$1,650

2 Bedroom, 1 Bath Condo for Rent

Available Now

606 Stuart St, Unit 2, Unit 2

606 Stuart St
FredericksburgVA22401
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Summit Kings Mill
1 to 3 Bedroom Apartments

Summit Kings Mill

214 Kings Mill CtFredericksburg, VA 22401
Corporate Housing

The Art of the Rental Viewing: What to look for during a property tour

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.

property at 918 Mercer St

$1,675

Total Monthly Price

Total Monthly Price

Base Rent
$1,675

Total Monthly Price
$1,675

1 Bedroom, 1 Bath Home for Rent

Available Now

918 Mercer St

FredericksburgVA22401
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Hanover House
Studio to 2 Bedroom Apartments

Hanover House

100 Hanover StFredericksburg, VA 22401

Downtown Fredericksburg, Fredericksburg, VA Local Guide

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 ListingModel NameBed/BathPriced From
Camden Hills1 Bedroom1BR,1BA$1,399
Wellington Woods2BR2BR,1BA$1,439
The Commons at Cowan Boulevard2C2BR,1BA$1,499
Crestview ApartmentsThe Crest1BR,1BA$1,519
Riverwoods Apartments of FredericksburgThe Maple1BR,1BA$1,531
The Residences at BelmontThe Oak - Renovated1BR,1BA$1,580
Summit Kings MillThe Jackson1BR,1BA$1,640
The Factory at Upper Spotsy1 Bed | 1 Bath - Building Two1BR,1BA$1,649
Townsend SquareThe Hathaway3BR,2BA$1,709
MAA Greenbrier11F Floor Plan1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Townsend SquareThe Hathaway3BR,2BA$1.61
MAA Cobblestone SquareThe Hanover2BR,2BA$2.26
Camden Hills2 Bedroom W/D2BR,1BA$1.85
The Factory at Upper Spotsy2 Bed | 2 Bath Loft - Building Two2BR,2BA$2.26
Crestview ApartmentsThe Crest1BR,1BA$1.76
MAA GreenbrierElwood V2BR,2BA$2.43
Riverwoods Apartments of FredericksburgThe Maple1BR,1BA$1.97
The Commons at Cowan Boulevard2C2BR,1.5BA$1.93
The Residences at BelmontThe Oak - Renovated1BR,1BA$2.10
Wellington Woods1B1BR,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.

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10 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.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

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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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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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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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.