
Cheap Apartments for Rent in Prospect, VA from $500 (27 Rentals)
Search the lowest-cost Apartments available for rent right now in Prospect.


Elora Gardens Lynchburg

Rivermont Park

Princeton Circle West Apartments

Bramblewood Apartments

Wesley Apartments - Senior Living Community
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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.

Walden Pond Apartment Homes

Imperial Tobacco Lofts

County Green Apartment Homes
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Garland Rodes Apartments

2341 Price St

2509 Washington Ave

3225 Maryland Ave

211 C St

607 Maple St
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2536 Carter St

226 Asal Rd

114 Mattox St
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
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118 Buckingham Ln

1662 Village Hwy
Prospect, VA Local Guide

How much does it cost to rent an apartment in Prospect?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Prospect Studio Apartments | $874 | $779 | $1,095 |
Prospect 1 Bedroom Apartments | $1,130 | $696 | $2,220 |
Prospect 2 Bedroom Apartments | $1,281 | $799 | $3,405 |
Prospect 3 Bedroom Apartments | $1,647 | $1,025 | $3,913 |
Browse Top Apartments in Prospect
See all Apartments in ProspectExplore Prospect
Prospect, VA Local Guide
- Nearby Cities
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Cheapest Available Prospect Apartments for Rent and Nearby
 The cheapest available apartment rental in Prospect, VA is a 1 Bed unit found at The Timbers in the Sandusky neighborhood priced from $659. Rivermont Park in the Tate Springs neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $749. Here is today’s list of the most affordable Prospect apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The Timbers | 1 Bedroom, 1 Bathroom | 1BR,1BA | $659 |
Rivermont Park | Studio | Studio,1BA | $749 |
Bramblewood Apartments | 2BR/1.0BA | 2BR,1BA | $799 |
Wesley Apartments - Senior Living Community | Studio (Stair or Ramp Access) | Studio,1BA | $820 |
Elora Gardens Lynchburg | 2 Bedroom | 2BR,1BA | $830 |
Walden Pond Apartment Homes | 1 Bedroom | 1BR,1BA | $841 |
Imperial Tobacco Lofts | 1BR/1.0BA | 1BR,1BA | $850 |
Midtown Lofts | 1 Bed 1 Bath | 1BR,1BA | $895 |
Ivy Ridge | 2 BR | 2BR,1BA | $895 |
The Westie in Madison Heights | 1 BR | 1BR,1BA | $935 |
Best Value Apartments for Rent in Prospect, VA and Nearby
As of September 15, 2025 the best value apartment in the Prospect area is the $0.69 price per square foot 2BR/2.0BA Model at River Lofts West in the in the College Hill neighborhood starting from $1,240. The second greatest value Prospect apartment is the CSQ II Model at The Vue at College Square (Student Housing) starting at $790 with a $0.46 price per square foot in the Montview 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. |
---|---|---|---|
River Lofts West | 2BR/2.0BA | 2BR,2BA | $0.69 |
The Vue at College Square (Student Housing) | CSQ II | 3BR,3.5BA | $0.46 |
The Reserve -All Utilities Included&Furnished | 3 Bedroom - All Inclusive | 3BR,3.5BA | $0.58 |
Belmont Landing Apartments | The Cumberland | 2BR,2BA | $1.08 |
Town Center Apartments | 2 Bed/2 Bath Type 1 | 2BR,2BA | $1.20 |
Walden Pond Apartment Homes | 3 Bedroom with Den | 3BR,2BA | $1.13 |
Park Place Apartments | 3BR/2BA Renovated | 3BR,2BA | $1.16 |
County Green Apartment Homes | 2 Beds, 1.5 baths | 2BR,1.5BA | $0.90 |
Bramblewood Apartments | 2BR/1.0BA | 2BR,1BA | $1.00 |
Midtown Lofts | 1 Bed 1 Bath | 1BR,1BA | $1.19 |
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Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Prospect, VA Rentals by Map
See the most popular apartments and homes in Prospect, VA
Frequently Asked Questions about Cheap Prospect Apartments
How much is rent for a Cheap One Bedroom Prospect Apartment?
The lowest price for a Cheap One Bedroom Prospect Apartment is $659 at The Timbers.
What is the lowest price for a Cheap Two Bedroom Prospect Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Prospect is starting from $799 at Bramblewood Apartments.
What is the most affordable Prospect Three Bedroom Apartment?
The best deal on a cheap Prospect Three Bedroom Apartment rental is at Park Place Apartments and starts from $1,050.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.