
Cheap Apartments for Rent in Hot Springs, VA from $600 (17 Rentals)
Search the lowest-cost Apartments available for rent right now in Hot Springs.


Hillcrest Manor Apartments

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Frontier Apartments

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Schoolhouse Apartments

Craigmont Manor
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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Peters Creek Apartments - Tax Credit

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The Cove Apartments

4419-4425 Lela Ave NE

Heintz House

8188 Lee Hwy
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.

123 Circle Dr

69 Lloyd Tolley Rd

4306 Williamson Rd NW

1205 Hawthorne Ave

2516 Oakland Blvd NW
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.

The Flats at Rutgers

210 Cardinal Wy
Hot Springs, VA Local Guide

How much does it cost to rent an apartment in Hot Springs?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Hot Springs Studio Apartments | $703 | $690 | $710 |
| Hot Springs 1 Bedroom Apartments | $1,464 | $700 | $2,550 |
| Hot Springs 2 Bedroom Apartments | $1,736 | $765 | $3,735 |
| Hot Springs 3 Bedroom Apartments | $2,046 | $1,047 | $3,725 |
Browse Top Apartments in Hot Springs
See all Apartments in Hot SpringsExplore Hot Springs
Hot Springs, VA Local Guide
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Cheapest Available Hot Springs Apartments for Rent and Nearby
 The cheapest available apartment rental in Hot Springs, VA is a Studio unit found at Ridgeview Apartments in the Monterey neighborhood priced from $690. Hillcrest Manor Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here is today’s list of the most affordable Hot Springs apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Ridgeview Apartments | Studio | Studio,1BA | $690 |
| Hillcrest Manor Apartments | 1br | 1BR,1BA | $700 |
| Schoolhouse Apartments | 1 bed | 1BR,1BA | $800 |
| Craigmont Manor | 1 Bedroom | 1BR,1BA | $815 |
| Peters Creek Apartments - Tax Credit | 2BR/2BA | 2BR,2BA | $926 |
Best Value Apartments for Rent in Hot Springs, VA and Nearby
As of May 25, 2026 the best value apartment in the Hot Springs area is the $1.04 price per square foot 3 Bedroom x 1.5 Bathroom Classic Floor Plan Model at Countryside Estates in the in the Peachtree Norwood neighborhood starting from $1,430. The second greatest value Hot Springs apartment is the 2BR Model at North Point starting at $1,549 with a $1.40 price per square foot in the Peachtree Norwood neighborhood. Here is today’s list of the best values for Hot Springs apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Countryside Estates | 3 Bedroom x 1.5 Bathroom Classic Floor Plan | 3BR,1.5BA | $1.04 |
| North Point | 2BR | 2BR,2BA | $1.40 |
| Montague Terrace | 2 BDRM/2 Bath | 2BR,2BA | $1.08 |
| The Crest Apartments | Three Bedroom Two Bathroom | 3BR,2BA | $1.27 |
| Middlebrook Trace | 2 Bed | 2BR,1.5BA | $0.99 |
| Peters Creek Apartments - Tax Credit | 2BR/2BA | 2BR,2BA | $0.93 |
| Mountain Ridge Apartments | 2x1 | 2BR,1BA | $1.22 |
| Schoolhouse Apartments | 1 bed | 1BR,1BA | $0.90 |
| Craigmont Manor | 1 Bedroom | 1BR,1BA | $1.16 |
| Hillcrest Manor Apartments | 1br | 1BR,1BA | $1.08 |
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.
Read ArticleReal 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.
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Hot Springs, VA Rentals by Map
See the most popular apartments and homes in Hot Springs, VA
Frequently Asked Questions about Cheap Hot Springs Apartments
What is the Cheapest Studio apartment in Hot Springs?
Currently the most affordable Cheap Studio Apartment in Hot Springs is at Ridgeview Apartments listed at $690.
How much is rent for a Cheap One Bedroom Hot Springs Apartment?
The lowest price for a Cheap One Bedroom Hot Springs Apartment is $700 at Hillcrest Manor Apartments.
What is the lowest price for a Cheap Two Bedroom Hot Springs Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Hot Springs is starting from $765 at Hillcrest Manor Apartments.
What is the most affordable Hot Springs Three Bedroom Apartment?
The best deal on a cheap Hot Springs Three Bedroom Apartment rental is at Peters Creek Apartments - Tax Credit and starts from $1,047.
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.