
Cheap Apartments for Rent in New Hope, VA from $500 (49 Rentals)
Search the lowest-cost Apartments available for rent right now in New Hope.


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Springhill Village Apartments

Brandon Ladd Apartments & Townhomes

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Waterford Village

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Landings at Weyers Cave

Frontier Ridge Apartments

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Middlebrook Trace

Montague Terrace

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

Park Apartments

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Belmont Terrace

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Deer Run

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Quadrangle

Squire Hill Apartments

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University Heights

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Longview Oaks Apartments

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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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Blue Ridge Crossing Apartments & Townhomes

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Hillcrest

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Augusta Farms

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Big Sky Apartments

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Ridgecrest

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The Greens at Chestnut Ridge

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The Grove at Manchester

Denstock Goose Creek LLC

Preston Lake Apartments
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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The Reserve at Stone Port

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Windigrove Apartments

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Elevate Town Center

The Vue

Pinnacle Ridge Apartments

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The Summit Apartment Homes

Old Trail Village

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Blue Ridge Luxury Townhomes

Twin Mountain Townhomes
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.

412 Bruce St

12 Miller St

202 Wilson Ave

2407 Bare St.

The Hilltop Apartments for active adults 55+

104 12th St

106 Weeping Willow Ln

19 Rose Garden Ln

2504 Hickory St
The Art of the Rental Viewing: What to look for during a property tour
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.

129 Cindie Ln

38 Rosette Ln

1500 4th St

Clifton Knolls
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 | $1,178 | $905 | $1,315 |
| New Hope 1 Bedroom Apartments | $1,614 | $652 | $2,471 |
| New Hope 2 Bedroom Apartments | $1,818 | $782 | $3,215 |
| New Hope 3 Bedroom Apartments | $1,863 | $839 | $3,487 |
| New Hope 4 Bedroom Apartments | $1,187 | $679 | $3,738 |
Browse Top Apartments in New Hope
See all Apartments in New HopeExplore New Hope
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 1 Bed unit found at Springhill Village Apartments priced from $780. Landings at Weyers Cave has the second lowest priced unit, which is a 2 Beds apartment currently listed from $969. Here is today’s list of the most affordable New Hope apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Springhill Village Apartments | One Bedroom | 1BR,1BA | $780 |
| Landings at Weyers Cave | The Augusta | 2BR,2BA | $969 |
| Middlebrook Trace | 2 Bed | 2BR,1BA | $1,015 |
| Waterford Village | 3 Bedroom 2 Bath | 3BR,2BA | $1,075 |
| Montague Terrace | 3 BDRM/2 Bath | 3BR,2BA | $1,075 |
| Mountain Ridge Apartments | 2x1 | 2BR,1BA | $1,125 |
| Quadrangle | 2BED | 2BR,1BA | $1,220 |
| Longview Oaks Apartments | Acorn | 1BR,1BA | $1,255 |
| Summercrest Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,275 |
| Blue Ridge Crossing Apartments & Townhomes | One Bedroom | 1BR,1BA | $1,290 |
Best Value Apartments for Rent in New Hope, VA and Nearby
As of May 24, 2026 the best value apartment in the New Hope area is the $0.54 price per square foot 4BD/4.5BA Renovated Model at Arcadia Harrisonburg in the starting from $705. The second greatest value New Hope apartment is the D1-Premium Model at The Hills Southview Apartments starting at $691 with a $0.53 price per square foot . 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. |
|---|---|---|---|
| Arcadia Harrisonburg | 4BD/4.5BA Renovated | 4BR,4.5BA | $0.54 |
| The Hills Southview Apartments | D1-Premium | 4BR,4BA | $0.53 |
| Waterford Village | 3 Bedroom 2 Bath | 3BR,2BA | $0.89 |
| The Hills Northview Apartments | D1-Premium | 4BR,2BA | $0.48 |
| Montague Terrace | 2 BDRM/2 Bath | 2BR,2BA | $1.08 |
| Landings at Weyers Cave | The Augusta | 2BR,2BA | $0.92 |
| Middlebrook Trace | 2 Bed | 2BR,1.5BA | $0.99 |
| Ridgecrest | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.37 |
| Mountain Ridge Apartments | 2x1 | 2BR,1BA | $1.22 |
| 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 $1,075.
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.