Cheap Apartments for Rent in Richmond, VA from $300 (434 Rentals)

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Search the lowest-cost Apartments available for rent right now in Richmond.

property at 4822 Chamberlayne Ave

$675

Total Monthly Price

Total Monthly Price

Base Rent
$675
Total Monthly Price
$675

1 Bedroom, 1 Bath Home for Rent

Available Jul 2

4822 Chamberlayne Ave

RichmondVA23227

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.

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property at 6428 Elkhardt Rd

$940

Total Monthly Price

Total Monthly Price

Base Rent
$940
Total Monthly Price
$940

1 Bedroom Rentals

Available Jul 1

6428 Elkhardt Rd

RichmondVA23225
property at 923 N 20th St

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950
Total Monthly Price
$950

1 Bedroom, 1 Bath Home for Rent

Available Now

923 N 20th St

RichmondVA23223
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Villas at Cedarhurst
Rent Specials
$954 - $1,603
Total Monthly Price

Total Monthly Price

Base Rent
$950 - $1,599
Required Monthly Fees
$4
Total Monthly Price
$954 - $1,603
Studio to 2 Bedroom Apartments Available Now

Villas at Cedarhurst

5950 Westower CtRichmond, VA 23225
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

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Falling Creek Apartments
Rent Specials
$966 - $1,614
Total Monthly Price

Total Monthly Price

Base Rent
$891 - $1,539
Required Monthly Fees
Varies
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Falling Creek Apartments

2530 Marina DrRichmond, VA 23234
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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.

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Residence at Brookside
Rent Specials
$1,013 - $2,397
Total Monthly Price

Total Monthly Price

Base Rent
$985 - $2,369
Required Monthly Fees
$28
Total Monthly Price
$1,013 - $2,397
1 to 3 Bedroom Apartments Available Now

Residence at Brookside

6540 Greenbank RdRichmond, VA 23225
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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.

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Woodbriar Apartments
$1,041 - $1,351
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,035 - $1,345
Required Monthly Fees
Varies
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Jul 7

Woodbriar Apartments

621 Warwick Village DrRichmond, VA 23224
Affordability
  • Verified
  • Customer Reviewed
  • Utilities Included
property at 927 N 20th St

$1,050

Total Monthly Price

Total Monthly Price

Base Rent
$1,050
Total Monthly Price
$1,050

1 Bedroom, 1 Bath Home for Rent

Available Now

927 N 20th St

RichmondVA23223
property at 3310 Barton Ave

$1,050

Total Monthly Price

Total Monthly Price

Base Rent
$1,050
Total Monthly Price
$1,050

2 Bedroom, 1 Bath Home for Rent

Available Jul 1

3310 Barton Ave

RichmondVA23222

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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.

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Richmond, VA Local Guide

Photo of Justin Habersaat - Editing Staff
Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Richmond, VA

Pricing Updated: 06/26/2026

Current apartment rentals in the Richmond, VA area range in price from $194 to $12,840 with an overall median price of $2,339. The three Richmond neighborhoods with the lowest median rent pricing are Chestnut Hill at $729, Church Hill North at $1,025, and Ginter Park at $675. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Richmond Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Chestnut Hill$1,285$72922
Church Hill North$1,550$1,02517
Ginter Park$1,624$67525
Jackson Ward$1,665$72552
Petersburg Chesterfield$1,670$194118
Warwick$1,724$819234
Worthington$1,724$940222
Petersburg Colonial Heights$1,750$94244
Monroe Ward$1,756$1,09666
Forest Hill$1,797$725206

Cheapest Available Richmond Apartments for Rent

 

The cheapest available apartment rental in Richmond, VA is a 1 Bed unit found at Liberty Gardens in the Four Mile Run neighborhood priced from $566. Manchester Grand Apartments in the Old South neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $770. Here is today’s list of the most affordable Richmond apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Liberty Gardens1 bedroom 30%1BR,1BA$566
Manchester Grand Apartments1 Bedroom, 1 Bathroom1BR,1BA$770
Bloom Apartments II1Bed/1Bath: 456 sq ft1BR,1BA$799
Townhouses of Chesterfield IIMagnoliaStudio,1BA$809
Legacy at Imperial VillageStudioStudio,1BA$835
S Beulah RdBeulah Apartments1BR,1BA$895
Oxford Square Apartments1 Beds, 1 Baths1BR,1BA$895
Creighton Renaissance ApartmentsOne Bedroom - D1BR,1BA$926
Highland Terrace Apartments2-Bedroom2BR,2BA$946

Best Value Apartments for Rent in Richmond, VA

As of June 26, 2026 the best value apartment in the Richmond area is the $0.62 price per square foot 2509 Seminary Ave Model at 2509 Seminary Ave, Unit # B in the in the Bellevue neighborhood starting from $1,395. The second greatest value Richmond apartment is the 4x2 - Priced Per Bedroom Model at Marshall Park starting at $725 with a $0.49 price per square foot in the Downtown Richmond neighborhood. Here is today’s list of the best values for Richmond apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
2509 Seminary Ave, Unit # B2509 Seminary Ave2BR,1BA$0.62
Marshall Park4x2 - Priced Per Bedroom4BR,2BA$0.49
Townsend SquareTownhomes starting at $1080.00- Now Accepting A...2BR,1BA$0.94
200 Minor Street Quad3 Beds, 1 Baths3BR,1BA$1.18
Hatcher Tobacco Flats3X23BR,2BA$1.17
Glenwood Ridge Apartments2 bedroom2BR,2BA$1.13
City View Place2 Bedroom2BR,1BA$1.18
Belle SummitRainer2BR,2BA$1.21
1822 Williamsburg Rd2 Beds, 1 Baths2BR,1BA$1.24
Oxford Square Apartments1 Beds, 1 Baths1BR,1BA$1.19

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.

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The Ultimate Renter's Guide for Finding the Perfect Student Friendly Richmond Neighborhood to Rent

Learn about the best neighborhoods for student renters near Richmond Colleges and Universities by our Local Expert Richard Corrigan

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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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Richmond Overview

The state capitol of Virginia, Richmond is a city boasting a long and proud history dating all the way back to the 1700's. From its bluecollar roots to the city's welcoming combination of cultural heritage and big city excitement, Richmond is one municipality well worth exploring and Richmond apartments make the perfect place to call home..

Why live in Richmond, VA?

With a keen sense of history and the local landmarks to back it up, Richmond is a fine place to call home for many reasons. The universities are highly lauded, the economy is showing steady local growth in both the housing market as well as the local industry, and the stately, architectural beauty is an even match for the area's natural splendor.

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Richmond, VA Rentals by Map

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See the most popular apartments and homes in Richmond, VA

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Richmond, VA Area Reviews

  • Cost of Living

Robin

February 25, 2025

All my life

Frequently Asked Questions about Cheap Richmond Apartments

What is a cheap apartment in Richmond?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Richmond is under $946.

What is the price of a cheap apartment in Richmond?

The cheapest apartment in Richmond is Liberty Gardens which is listed at $566, while the average apartment in Richmond costs $2,339.

What types of apartments are the cheapest in Richmond?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 14,884 regular apartments in Richmond that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Richmond?

Cheap apartments in Richmond have an average cost of $486 which is $1,853 cheaper than the average rent for all rentals in Richmond.

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.

Helpful Local Expert Guides

decorative image for A Local Experts Guide To the Top Budget-Friendly Neighborhoods to Rent in Richmond, VA article

A Local Experts Guide To the Top Budget-Friendly Neighborhoods to Rent in Richmond, VA

Written by: Richard Corrigan

Richmond is rightly considered one of the best places to live on the East Coast. We love Richmond’s rich history, phenomenal culinary scene, unique art and culture, and its next-level parks and green spaces.

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Your Guide to Picking the Perfect Richmond Neighborhood for Student Renters

Written by: Richard Corrigan

Richmond isn't always thought of as a college town, but there are actually several major colleges and universities here. One thing Richmond does get credit for—and rightfully so—is being a very neighborhood-friendly city.

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Explore The River City Like a Local: The Insiders Guide to Renting in Richmond, VA

Written by: Richard Corrigan

Welcome to Richmond! For those unfamiliar, it’s Virginia’s state capitol, a city with a long and rich history, and—some might say—Virginia’s biggest small town. There’s a lot to love about living here.

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Your Richmond Neighborhood Guide: Living Near the City's Top Employers

Written by: Richard Corrigan

Richmond is a beautiful place to live and work. The city has something for everyone—historic charm, trendy shops and boutiques, world-class restaurants and amazing urban parks and green spaces.

Articles, How-To's, and Tips

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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.

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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.

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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.

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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.