
Cheap Apartments for Rent near Hot Springs, VA from $690 (43 Rentals)
Search the lowest-cost Apartments available for rent right now in Hot Springs.


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Ridgeview Apartments

Hillcrest Manor Apartments

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Frontier Apartments

Craigmont Manor

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The Cove Apartments

Montague Terrace

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Peters Creek Apartments - Tax Credit
Rent According to Income: A Look at Income-Restricted Rentals
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Middlebrook Trace

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Blue Ridge Village Apartments

River Retreat

Mountain Ridge Apartments

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Sterlingwood Apartments

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Northridge Village

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The Crest Apartments

North Point
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

WESTWIND APARTMENT HOMES

The Aspen

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Lexington Springs Apartments

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Hillcrest

Fieldstone Place

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Countryside Estates

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Bent Creek Apartments and Townhomes

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The Grove at Manchester
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Heintz House

123 Circle Dr

Schoolhouse Apartments

4306 Williamson Rd NW

2818 Burton Ave NW

3891 Churchville Ave

603 Strand Rd NE

2516 Oakland Blvd NW
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4419-4425 Lela Ave NE

186 Benedict Ln

210 Cardinal Wy

The Flats at Rutgers

190 Cardinal Wy

457 Steeles Fort Rd

2407 Bare St.

The Hilltop Apartments for active adults 55+
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745 Queen Ave NW

216 Dalewood Ave

1320 Dudley St NW
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 | $690 | $690 | $690 |
| Hot Springs 1 Bedroom Apartments | $1,477 | $700 | $2,855 |
| Hot Springs 2 Bedroom Apartments | $1,657 | $795 | $3,920 |
| Hot Springs 3 Bedroom Apartments | $1,940 | $1,075 | $3,915 |
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 |
| Craigmont Manor | 1 Bedroom | 1BR,1BA | $815 |
| Montague Terrace | 2 BDRM/2 Bath | 2BR,2BA | $980 |
| Peters Creek Apartments - Tax Credit | 2BR/2BA | 2BR,2BA | $990 |
| The Flats at Rutgers | 1x1 | 1BR,1BA | $1,014 |
| Blue Ridge Village Apartments | 2/1.5 40% AMI | 2BR,1BA | $1,015 |
| Middlebrook Trace | 2 Bed | 2BR,1BA | $1,015 |
| 2407 Bare St. | 2 Bedroom 1 Bath - 76706 | 2BR,1BA | $1,245 |
| WESTWIND APARTMENT HOMES | 2-Bedroom Silver without washer and dryer hook-... | 2BR,1BA | $1,249 |
Best Value Apartments for Rent in Hot Springs, VA and Nearby
As of August 24, 2026 the best value apartment in the Hot Springs area is the $1.15 price per square foot 3 BDRM/2 Bath Model at Montague Terrace in the starting from $1,365. The second greatest value Hot Springs apartment is the 2/1.5 40% AMI Model at Blue Ridge Village Apartments starting at $1,015 with a $0.91 price per square foot in the Gilmer 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. |
|---|---|---|---|
| Montague Terrace | 3 BDRM/2 Bath | 3BR,2BA | $1.15 |
| Blue Ridge Village Apartments | 2/1.5 40% AMI | 2BR,1.5BA | $0.91 |
| North Point | 2BR | 2BR,2BA | $1.40 |
| Countryside Estates | 2 Bedroom x 1 Bathroom Classic Floor Plan | 2BR,1BA | $1.22 |
| Fieldstone Place | 2 Bedroom | 2BR,2BA | $1.44 |
| Middlebrook Trace | 2 Bed | 2BR,1.5BA | $0.99 |
| Bent Creek Apartments and Townhomes | 2b 1.5b 1000sq | 2BR,1.5BA | $1.44 |
| Peters Creek Apartments - Tax Credit | 2BR/2BA | 2BR,2BA | $0.99 |
| Hillcrest Manor Apartments | 2br | 2BR,1BA | $1.10 |
| Craigmont Manor | 1 Bedroom | 1BR,1BA | $1.16 |
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 $795 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 Middlebrook Trace and starts from $1,120.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.