381 Main St
Madison HeightsVA24572
Cheap Homes for Rent near Prospect, VA from $400 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Prospect.
103 Williams Rd
Madison HeightsVA24572
107 Williams Rd
Madison HeightsVA24572
117 Williams Rd
Madison HeightsVA24572
209 Clark St
Madison HeightsVA24572
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.
155 Pomona Dr
Madison HeightsVA24572
57 Torrence Ct
BrooknealVA24528
901 Jefferson St
LynchburgVA24504
912 Floyd St
LynchburgVA24501
1112 Bedford Ave
LynchburgVA24504
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.
27 Bonnydale Ln
ConcordVA24538
Showing Results 1-11, 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 | $1,169 | $785 | $2,795 |
| Prospect 3 Bedroom Homes for Rent | $1,343 | $600 | $1,950 |
| Prospect 4 Bedroom Homes for Rent | $1,664 | $480 | $2,380 |
| Prospect 5 Bedroom Homes for Rent | $2,197 | $1,695 | $2,700 |
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 (UFAS/Accesible) | Studio,1BA | $790 |
| Dumont Apartments | 2BR/1.0BA | 2BR,1BA | $795 |
| Daniel Hill Apartments | 2 Bed 1 Bath | 2BR,1BA | $820 |
Best Value Apartments for Rent in Prospect, VA and Nearby
As of July 12, 2026 the best value apartment in the Prospect area is the $1.00 price per square foot 3 Beds, 2 baths Model at County Green Apartment Homes in the in the Wyndhurst neighborhood starting from $1,295. The second greatest value Prospect apartment is the 3BR/Den Model at Park Place Apartments starting at $1,195 with a $1.03 price per square foot in the Tate Springs 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. |
|---|---|---|---|
| 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 |
| Mill's Crossing | 2 Bedroom | 2BR,2BA | $1.04 |
| Walden Pond Apartment Homes | 2 Bedroom | 2BR,1.5BA | $1.06 |
| Miller's Rest Apartments | Pritchell | 2BR,2BA | $0.85 |
| McCausland Ridge | 2BR/1.0BA | 2BR,1BA | $0.99 |
| Dumont Apartments | 2BR/1.0BA | 2BR,1BA | $0.99 |
| Bramblewood Apartments | 2BR/1.0BA | 2BR,1BA | $1.06 |
| Daniel Hill Apartments | 2 Bed 1 Bath | 2BR,1BA | $1.03 |
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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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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See the most popular apartments and homes in Prospect, VA
Frequently Asked Questions about Prospect
What type of rentals are currently available in Prospect?
There are currently 66 Apartments for Rent in Prospect, VA with pricing that ranges from $684 to $3,993. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Prospect ranging from $480 to $2,795.
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 $480 to $2,795 with an average monthly rent of $1,330.
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 $880 to $3,993, while Three Bedroom Homes, Condos, and Townhomes for rent range from $600 to $1,950. Four Bedroom Single-Family rentals are also available starting from $480 and Four Bedroom Apartments start at $1,800.
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
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
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.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
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.
Pet-Friendly Renting: Everything You Need to Know Before You Move
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.