Cheap Apartments for Rent in the Riverwalk Neighborhood of Fredericksburg, VA from $900 (20 Rentals)

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

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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.

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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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Heritage Park I
2 to 3 Bedroom Apartments

Heritage Park I

1003 Heritage PlFredericksburg, VA 22401
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620 Kenmore Ave
1 Bedroom Apartments

620 Kenmore Ave

620 Kenmore AveFredericksburg, VA 22401

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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.

Riverwalk, Fredericksburg, VA Local Guide

Cheapest Available Riverwalk Apartments for Rent

 

The cheapest available apartment rental in the Riverwalk area of Fredericksburg, VA is a 2 Beds unit found at MAA Greenbrier priced from $1,453. Riverwoods Apartments of Fredericksburg has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,531. Here are the most affordable Riverwalk apartments for rent in Fredericksburg, VA:

Apartment ListingModel NameBed/BathPriced From
MAA GreenbrierElwood II2BR,1BA$1,453
Riverwoods Apartments of FredericksburgThe Maple1BR,1BA$1,531
The Commons at Cowan Boulevard1A1BR,1BA$1,534
The Residences at BelmontThe Oak1BR,1BA$1,583
Valor Apartment HomesThe Valor1BR,1BA$1,650

Best Value Apartments for Rent in Riverwalk, VA

As of January 05, 2026 the best value apartment in the Riverwalk area is the $1.72 price per square foot 3 Bed 2.5 Bath 60% Model at Riverside Manor Apartments in the in the Riverwalk neighborhood starting from $2,340. The second greatest value Riverwalk apartment is the The Wave Model at Crestview Apartments starting at $2,452 with a $2.17 price per square foot in the Sherwood Estates neighborhood. Here is today’s list of the best values for Riverwalk apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Riverside Manor Apartments3 Bed 2.5 Bath 60%3BR,2.5BA$1.72
Crestview ApartmentsThe Wave3BR,2BA$2.17
Attain at Towne CentreFairview2BR,2BA$2.06
819 Weedon St, Unit 2819 Weedon St2BR,1BA$2.08
Valor Apartment HomesThe Valor1BR,1BA$1.85
505 Hawke St, Unit 1505 Hawke St1BR,1BA$1.82
MAA SeasonsChancellor1BR,1BA$2.19
Riverwoods Apartments of FredericksburgThe Maple1BR,1BA$1.97
The Commons at Cowan Boulevard2C2BR,1.5BA$2.30
MAA GreenbrierKenmore II1BR,1BA$2.20

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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Pet Friendly Lifestyle
Riverwalk, Fredericksburg, VA

Ranked #1

Among cities in Virginia for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

This website is proud to bring you Lifestyle Ratings of rentals in cities across the United States and customized analysis for Central Fredericksburg, VA. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. 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, walking, and biking. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Riverwalk Apartments

What is the price of a cheap apartment in Riverwalk?

The cheapest apartment in Riverwalk is Riverwoods Apartments of Fredericksburg which is listed at $1,531, while the average apartment in Riverwalk costs $2,276.

What types of apartments are the cheapest in Riverwalk?

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 24 regular apartments in Riverwalk 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 Riverwalk?

Cheap apartments in Riverwalk have an average cost of $516 which is $1,760 cheaper than the average rent for all rentals in Riverwalk.

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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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!