Search the lowest-cost Apartments available for rent right now in Prospect.
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.
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.
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.
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.
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Prospect Studio Apartments | $863 | $790 | $995 |
| Prospect 1 Bedroom Apartments | $1,180 | $684 | $2,164 |
| Prospect 2 Bedroom Apartments | $1,412 | $795 | $3,655 |
| Prospect 3 Bedroom Apartments | $1,686 | $900 | $4,040 |
| 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 (Stair Access) | Studio,1BA | $790 |
| McCausland Ridge | 2BR/1.0BA | 2BR,1BA | $795 |
| Dumont Apartments | 1BR/1.0BA | 1BR,1BA | $800 |
| Bramblewood Apartments | 2BR/1.0BA | 2BR,1BA | $845 |
| Elora Gardens Lynchburg | 1 Bedroom | 1BR,1BA | $854 |
| Princeton Circle West Apartments | Colonial Terrace | 1BR,1BA | $895 |
| Church Street Townhomes | 1 Bedroom, 1 Bathroom | 1BR,1BA | $895 |
| 500 Euclid Avenue | 500 | 1BR,1BA | $900 |
As of June 12, 2026 the best value apartment in the Prospect area is the $1.15 price per square foot 128 Brenleigh 3bed Model at 128 Brenleigh Ct in the in the Montview neighborhood starting from $1,695. The second greatest value Prospect apartment is the 3 Bed/ 2 Bath with Den Model at Forestbrook Apartments starting at $1,180 with a $1.02 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. |
|---|---|---|---|
| 128 Brenleigh Ct | 128 Brenleigh 3bed | 3BR,2BA | $1.15 |
| Forestbrook Apartments | 3 Bed/ 2 Bath with Den | 3BR,2BA | $1.02 |
| Grand Vistas | Dogwood | 1BR,1BA | $1.09 |
| Mill's Crossing | 2 Bedroom | 2BR,2BA | $1.09 |
| Park Place Apartments | 2BR/2BA Renovated | 2BR,2BA | $1.13 |
| Miller's Rest Apartments | Pritchell | 2BR,2BA | $0.85 |
| The Timbers | 2 Bedroom, 1 Bathroom | 2BR,1BA | $1.04 |
| McCausland Ridge | 2BR/1.0BA | 2BR,1BA | $0.94 |
| Bramblewood Apartments | 2BR/1.0BA | 2BR,1BA | $1.06 |
| Dumont Apartments | 1BR/1.0BA | 1BR,1BA | $1.00 |
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.
If you’re an expert on all things Prospect, tell us what you love (and don't) by rating it and writing a review.
Write a ReviewSee the most popular apartments and homes in Prospect, VA
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 $795 at McCausland Ridge.
The best deal on a cheap Prospect Three Bedroom Apartment rental is at Bramblewood Apartments and starts from $900.
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.
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.
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.
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.
We'll check your Prospect review to ensure it meets our Review Guidelines.
Thank you!
