
Cheap Apartments for Rent near New Hope, VA from $500 (38 Rentals)
Search the lowest-cost Apartments available for rent right now in New Hope.


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Springhill Village Apartments

Montague Terrace

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Waterford Village

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Landings at Weyers Cave

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Middlebrook Trace

Frontier Ridge Apartments

Brandon Ladd

Blue Ridge Apartments
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.

Mountain Ridge Apartments

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Park Apartments

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Longview Oaks Apartments

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Belmont Terrace

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Deer Run

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Augusta Farms

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Squire Hill Apartments

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University Heights

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Summercrest Apartments
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.

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Quadrangle

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Hillcrest

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The Grove at Manchester

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Ridgecrest

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Windigrove Apartments

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Brittany Knoll

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Big Sky Apartments

Twin Mountain Townhomes

3445 Lee Hwy
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.

811 E Beverley St

2407 Bare St.

211 S Waverley St

The Hilltop Apartments for active adults 55+

325 James Ave

117 Pennie Layne

445 S Main St

106 Weeping Willow Ln

38 Rosette Ln
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.

Clifton Knolls

277 Skyview Cir
New Hope, VA Local Guide

How much does it cost to rent an apartment in New Hope?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| New Hope Studio Apartments | $1,575 | $1,575 | $1,575 |
| New Hope 1 Bedroom Apartments | $1,603 | $652 | $2,515 |
| New Hope 2 Bedroom Apartments | $1,783 | $782 | $3,570 |
| New Hope 3 Bedroom Apartments | $1,863 | $715 | $3,680 |
| New Hope 4 Bedroom Apartments | $1,181 | $654 | $3,738 |
Browse Top Apartments in New Hope
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New Hope, VA Local Guide
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Cheapest Available New Hope Apartments for Rent and Nearby
 The cheapest available apartment rental in New Hope, VA is a 4 Beds unit found at Campus View in the Old Town Harrisonburg neighborhood priced from $679. Springhill Village Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $780. Here is today’s list of the most affordable New Hope apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Campus View | 4x4 | 4BR,4BA | $679 |
| Springhill Village Apartments | One Bedroom | 1BR,1BA | $780 |
| Landings at Weyers Cave | The Augusta | 2BR,2BA | $1,015 |
| Middlebrook Trace | 2 Bed | 2BR,1BA | $1,015 |
| Waterford Village | 3 Bedroom 2 Bath | 3BR,2BA | $1,120 |
| Park Apartments | 2 Bed 2 Bathroom | 2BR,2BA | $1,164 |
| Longview Oaks Apartments | Acorn | 1BR,1BA | $1,165 |
| Montague Terrace | ADA Accessible | 2BR,2BA | $1,195 |
| Deer Run | ONE BEDROOM | 1BR,1BA | $1,205 |
| Augusta Farms | 1 Bed | 1BR,1BA | $1,215 |
Best Value Apartments for Rent in New Hope, VA and Nearby
As of July 09, 2026 the best value apartment in the New Hope area is the $0.50 price per square foot 4x4 Top Floor Premium Model at Campus View in the in the Old Town Harrisonburg neighborhood starting from $699. The second greatest value New Hope apartment is the 4BD/4.5BA Renovated Model at Arcadia Harrisonburg starting at $705 with a $0.54 price per square foot in the Old Town Harrisonburg neighborhood. Here is today’s list of the best values for New Hope apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Campus View | 4x4 Top Floor Premium | 4BR,4BA | $0.50 |
| Arcadia Harrisonburg | 4BD/4.5BA Renovated | 4BR,4.5BA | $0.54 |
| The Hills Southview Apartments | D1-Premium | 4BR,4BA | $0.53 |
| Windigrove Apartments | Jetty | 1BR,1BA | $1.25 |
| Waterford Village | 3 Bedroom 2 Bath | 3BR,2BA | $0.93 |
| The Hills Northview Apartments | D1-Premium | 4BR,2BA | $0.48 |
| Montague Terrace | ADA Accessible | 2BR,2BA | $1.12 |
| Landings at Weyers Cave | The Augusta | 2BR,2BA | $0.96 |
| Middlebrook Trace | 2 Bed | 2BR,1.5BA | $0.99 |
| Springhill Village Apartments | One Bedroom | 1BR,1BA | $1.22 |
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 New Hope, VA Rentals by Map
See the most popular apartments and homes in New Hope, VA
Frequently Asked Questions about Cheap New Hope Apartments
How much is rent for a Cheap One Bedroom New Hope Apartment?
The lowest price for a Cheap One Bedroom New Hope Apartment is $780 at Springhill Village Apartments.
What is the lowest price for a Cheap Two Bedroom New Hope Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in New Hope is starting from $850 at Springhill Village Apartments.
What is the most affordable New Hope Three Bedroom Apartment?
The best deal on a cheap New Hope Three Bedroom Apartment rental is at Waterford Village 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

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.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.