Search the lowest-cost Apartments available for rent right now in Prospect.
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
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.
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.
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.
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Prospect Studio Apartments | $924 | $784 | $1,095 |
| Prospect 1 Bedroom Apartments | $1,156 | $684 | $2,109 |
| Prospect 2 Bedroom Apartments | $1,369 | $795 | $3,743 |
| Prospect 3 Bedroom Apartments | $1,661 | $880 | $3,993 |
| Prospect 4 Bedroom Apartments | $2,050 | $1,800 | $2,300 |
The cheapest available apartment rental in Prospect, VA is a 1 Bed unit found at Miller's Rest Apartments in the Wyndhurst neighborhood priced from $684. The Timbers in the Sandusky neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $714. Here is today’s list of the most affordable Prospect apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Miller's Rest Apartments | Rhine | 1BR,1BA | $684 |
| The Timbers | 1 Bedroom, 1 Bathroom | 1BR,1BA | $714 |
| Wesley Apartments - Senior Living Community | Studio (UFAS/Accesible) | Studio,1BA | $790 |
| Daniel Hill Apartments | 2 Bed 1 Bath | 2BR,1BA | $820 |
| Bramblewood Apartments | 2BR/1.0BA | 2BR,1BA | $845 |
| Elora Gardens Lynchburg | 1 Bedroom | 1BR,1BA | $854 |
| Rivermont Park | 1 Bedroom, 1 Bath | 1BR,1BA | $884 |
| 500 Euclid Avenue | 500 | 1BR,1BA | $895 |
| 1701 12th Street | 1701 12th Street - 204 | Studio,1BA | $925 |
| Park Place Apartments | 2BR/2BA | 2BR,2BA | $995 |
As of July 28, 2026 the best value apartment in the Prospect area is the $1.22 price per square foot 3 Bed/2 Bath Type 1 Model at Town Center Apartments in the starting from $1,650. The second greatest value Prospect apartment is the 2 Bedrooms 2 Bath w/Sunroom Model at Logans Landing starting at $1,531 with a $1.17 price per square foot in the Wyndhurst neighborhood. Here is today’s list of the best values for Prospect apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Town Center Apartments | 3 Bed/2 Bath Type 1 | 3BR,2BA | $1.22 |
| Logans Landing | 2 Bedrooms 2 Bath w/Sunroom | 2BR,2BA | $1.17 |
| County Green Apartment Homes | 3 Beds, 2 baths | 3BR,2BA | $1.00 |
| Park Place Apartments | 3BR/Den | 3BR,2BA | $1.03 |
| Forestbrook Apartments | 3 Bed/ 2 Bath | 3BR,2BA | $1.01 |
| Grand Vistas | Dogwood | 1BR,1BA | $1.09 |
| Mill's Crossing | 2 Bedroom | 2BR,2BA | $1.04 |
| Miller's Rest Apartments | Pritchell | 2BR,2BA | $0.85 |
| Bramblewood Apartments | 2BR/1.0BA | 2BR,1BA | $1.06 |
| Daniel Hill Apartments | 2 Bed 1 Bath | 2BR,1BA | $1.03 |
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 ArticleFrom 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 ArticleThe 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.
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The lowest price for a Cheap One Bedroom Prospect Apartment is $684 at Miller's Rest Apartments.
Today's best deal for a Cheap Two Bedroom Apartment in Prospect is starting from $808 at Miller's Rest Apartments.
The best deal on a cheap Prospect Three Bedroom Apartment rental is at Bramblewood Apartments and starts from $880.
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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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.
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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.
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