113 Williams Rd
Madison HeightsVA24572
Cheap Homes for Rent in Prospect, VA from $500 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Prospect.
105 Williams Rd
Madison HeightsVA24572
117 Williams Rd
Madison HeightsVA24572
209 Clark St
Madison HeightsVA24572
912 Floyd St
LynchburgVA24501
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.
6884 S James Madison Hwy
DillwynVA23936
901 Jefferson St
LynchburgVA24502
504 Longwood Ave
FarmvilleVA23901
1112 Bedford Ave
LynchburgVA24504
111 McBrandon Dr
Madison HeightsVA24572
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.
Showing Results 1-10, Page 1 of 1
Prospect, VA Local Guide
Virginia Skies by ncindc is licensed under CC BY 2.0
How much does it cost to rent a home in Prospect?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Prospect 2 Bedroom Homes for Rent | $1,065 | $795 | $1,400 |
| Prospect 3 Bedroom Homes for Rent | $1,515 | $600 | $2,045 |
| Prospect 4 Bedroom Homes for Rent | $2,070 | $1,850 | $2,380 |
| Prospect 5 Bedroom Homes for Rent | $1,456 | $535 | $3,000 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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Prospect, VA Local Guide
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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 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 |
Best Value Apartments for Rent in Prospect, VA and Nearby
As of May 28, 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 | $1.10 |
| Park Place Apartments | 2BR/2BA Renovated | 2BR,2BA | $1.13 |
| Miller's Rest Apartments | Pritchell | 2BR,2BA | $0.85 |
| 317 Grove Street | 2 Bedroom 1 Bath - 48746 | 2BR,1BA | $0.97 |
| Bramblewood Apartments | 3BR/1.0BA | 3BR,1BA | $0.89 |
| McCausland Ridge | 2BR/1.0BA | 2BR,1BA | $0.94 |
| Midtown on 12th | Studio | Studio ,1BA | $1.07 |
| Dumont Apartments | 1BR/1.0BA | 1BR,1BA | $1.00 |
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 Article
Real 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.
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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.
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Frequently Asked Questions about Prospect
What type of rentals are currently available in Prospect?
There are currently 62 Apartments for Rent in Prospect, VA with pricing that ranges from $684 to $4,858. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Prospect ranging from $535 to $3,000.
What is the current price range for Rental Homes in Prospect?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Prospect ranges from $535 to $3,000 with an average monthly rent of $1,312.
How much are larger Three and Four Bedroom Rentals in Prospect?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Prospect range from $900 to $4,378, while Three Bedroom Homes, Condos, and Townhomes for rent range from $600 to $2,045. Four Bedroom Single-Family rentals are also available starting from $1,850 and Four Bedroom Apartments start at $1,750.
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.