
Cheap Apartments for Rent in the Riverwalk Neighborhood of Fredericksburg, VA from $900 (11 Rentals)
Search the lowest-cost Apartments available for rent right now in the Riverwalk area of Fredericksburg.


Townsend Square

MAA Greenbrier

The Commons at Cowan Boulevard

Madonna House at Belmont Senior Apartments
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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.

1605 Charles St

815 Sledgehammer Dr
Riverwalk, Fredericksburg, VA Local Guide

How much does it cost to rent an apartment in Riverwalk?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Riverwalk Studio Apartments | $2,326 | $1,653 | $2,999 |
Riverwalk 1 Bedroom Apartments | $1,743 | $1,399 | $2,753 |
Riverwalk 2 Bedroom Apartments | $2,052 | $1,399 | $2,799 |
Riverwalk 3 Bedroom Apartments | $2,442 | $1,699 | $3,525 |
Browse Apartments in this Neighborhood
There are currently 11 rentals with your search options within a 2 mile radius of the Riverwalk Neighborhood of Fredericksburg, VA.
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Riverwalk, Fredericksburg, VA Local Guide
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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 Townsend Square priced from $1,399. The Commons at Cowan Boulevard has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,459. Here are the most affordable Riverwalk apartments for rent in Fredericksburg, VA:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Townsend Square | The Stratford | 2BR,2BA | $1,399 |
The Commons at Cowan Boulevard | 1D | 1BR,1BA | $1,459 |
Riverwoods Apartments of Fredericksburg | The Maple | 1BR,1BA | $1,472 |
The Residences at Belmont | The Oak | 1BR,1BA | $1,515 |
Kensington Crossing | Dogwood | 1BR,1BA | $1,573 |
Best Value Apartments for Rent in Riverwalk, VA
As of June 19, 2025 the best value apartment in the Riverwalk area is the $1.61 price per square foot 3 Bed 2.5 Bath 60% Model at Riverside Manor Apartments in the in the Riverwalk neighborhood starting from $2,195. The second greatest value Riverwalk apartment is the The Wave Model at Crestview Apartments starting at $2,450 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Riverside Manor Apartments | 3 Bed 2.5 Bath 60% | 3BR,2.5BA | $1.61 |
Crestview Apartments | The Wave | 3BR,2BA | $2.17 |
Townsend Square | The Hathaway (SM) | 3BR,2BA | $1.90 |
Magnolia Falls | Maple | 2BR,2BA | $1.98 |
Attain at Towne Centre | Bellvue | 1BR,1BA | $2.09 |
William Square Luxury Residences | The Commonwealth | 1BR,1BA | $2.35 |
MAA Seasons | Chancellor | 1BR,1BA | $2.08 |
Riverwoods Apartments of Fredericksburg | The Maple | 1BR,1BA | $1.89 |
The Residences at Belmont | The Oak - Premium | 1BR,2BA | $2.17 |
Kensington Crossing | Dogwood | 1BR,1BA | $2.18 |
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Pet Friendly LifestyleRiverwalk, Fredericksburg, VA
Ranked #1
Among neighborhoods in Fredericksburg, VA for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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 The Commons at Cowan Boulevard which is listed at $1,459, while the average apartment in Riverwalk costs $2,326.
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 11 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 $370 which is $1,956 cheaper than the average rent for all rentals in Riverwalk.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
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You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
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Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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