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

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

The Richmond Renter's Guide to Living Near Work

Get the inside scoop on Richmond's most livable neighborhoods and find the perfect apartment close to where you work. Our local expert breaks it all down by the city's top employers like VCU Health and Costar.

Read Article
close
View Me
1301 Idlewood Ave, Unit 1301
$926
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$926
Total Monthly Price
$926
4 Bedroom Apartment Available Now

1301 Idlewood Ave, Unit 1301

1301 Idlewood AveRichmond, VA 23220
Cost Per Sq.Ft.
property at 2105 Phaup St

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950
Total Monthly Price
$950

2 Bedroom, 1 Bath Home for Rent

Available Now

2105 Phaup St

RichmondVA23223
close
View Me
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
close
View Me
Falling Creek Apartments
$966 - $1,306
Total Monthly Price

Total Monthly Price

Base Rent
$891 - $1,231
Required Monthly Fees
$75
Total Monthly Price
$966 - $1,306
1 to 2 Bedroom Apartments Available Now

Falling Creek Apartments

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Read Article

Explore The River City Like a Local: The Insider's Guide to Renting in Richmond, VA

Thinking of moving to Richmond, VA? Learn why "The River City" is a perfect blend of big-city amenities and small-town charm, offering a low cost of living, minimal traffic, and a rich cultural scene.

Read Article
close
View Me
3615 Stockton St
$1,000 - $1,099
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,000 - $1,099
Total Monthly Price
$1,000 - $1,099
1 Bedroom Apartment Available Now

3615 Stockton St

3615 Stockton StRichmond, VA 23224
Affordability
  • Smoke Free
close
View Me
Residence at Brookside
Rent Specials
$1,008 - $2,446
Total Monthly Price

Total Monthly Price

Base Rent
$980 - $2,418
Required Monthly Fees
$28
Total Monthly Price
$1,008 - $2,446
1 to 3 Bedroom Apartments Available Now

Residence at Brookside

6540 Greenbank RdRichmond, VA 23225
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour
close
View Me
The Masonry Apartments
Rent Specials
$1,016 - $1,791
Total Monthly Price

Total Monthly Price

Base Rent
$925 - $1,700
Required Monthly Fees
Varies
Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

The Masonry Apartments

2001 E Franklin StRichmond, VA 23223
Student Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

Richmond’s Best Affordable Neighborhoods

Learn about Richmond and the best affordable places to live by our Local Expert Richard Corrigan

Read Article
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
close
View Me
Woodbriar Apartments
$1,057 - $1,371
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,051 - $1,365
Required Monthly Fees
$6
Total Monthly Price
$1,057 - $1,371
1 to 2 Bedroom Apartments Available Aug 28

Woodbriar Apartments

621 Warwick Village DrRichmond, VA 23224
Affordability
  • Verified
  • Customer Reviewed
  • Utilities Included

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.

Read Article
Showing Results 1-50, Page 1 of 9

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: 08/10/2026

Current apartment rentals in the Richmond, VA area range in price from $566 to $15,921 with an overall median price of $1,666. The three Richmond neighborhoods with the lowest median rent pricing are Chestnut Hill at $1,168, Cofer at $1,215, and Cherry Gardens at $1,240. 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$1,168$72917
Cofer$1,215$715218
Cherry Gardens$1,240$715205
Ginter Park$1,269$79924
Cullenwood$1,270$71545
Jeff Davis$1,270$71563
McGuire Manor$1,275$715100
Petersburg Chesterfield$1,300$1,00013
Petersburg Colonial Heights$1,327$94241
Jackson Ward$1,342$99836

Cheapest Available Richmond Apartments for Rent

 

The cheapest available apartment rental in Richmond, VA is a 2 Beds unit found at Lambert Landing I in the Cypress Woods neighborhood priced from $582. 11 E Broad St in the Downtown Richmond neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $749. Here is today’s list of the most affordable Richmond apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Lambert Landing I2 Bdrm 951 sqft2BR,1BA$582
11 E Broad St1 Beds, 1 Baths1BR,1BA$749
Manchester Grand Apartments1 Bedroom, 1 Bathroom1BR,1BA$770
Bloom Apartments II1Bed/1Bath: 456 sq ft1BR,1BA$799
Kingly Ones and Briarwood Court Apartments1 Bedroom1BR,1BA$825
Legacy at Imperial VillageStudioStudio,1BA$835
Lofts and Upper Lofts at Canal Walk IIIStudioStudio,1BA$900
Hatcher Tobacco Flats1X11BR,1BA$933

Best Value Apartments for Rent in Richmond, VA

As of August 10, 2026 the best value apartment in the Richmond area is the $0.59 price per square foot 2509 Seminary Ave Model at 2509 Seminary Ave, Unit # B in the in the Bellevue neighborhood starting from $1,325. The second greatest value Richmond apartment is the 1301 Idlewood Ave Model at 1301 Idlewood Ave, Unit 1301 starting at $926 with a $0.58 price per square foot in the Near West 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$0.59
1301 Idlewood Ave, Unit 13011301 Idlewood Ave4BR,2BA$0.58
Oxford Square Apartments2 Beds, 1.5 Baths2BR,1.5BA$0.91
Townsend SquareTownhomes starting at $1080.00- Now Accepting A...2BR,1BA$0.94
2524 Noel St, Unit 2524-A Noel St2524 Noel St1BR,1BA$1.00
7800 Maris Rd, Unit 7800 Maris Rd7800 Maris Rd1BR,1BA$1.00
7815 Maris Rd, Unit 7815 Maris Rd7815 Maris Rd1BR,1BA$1.00
2507 Noel St, Unit 2507 Noel St2507 Noel St1BR,1BA$1.00
7811 Maris Rd, Unit 7811 Maris Rd7811 Maris Rd1BR,1BA$1.00
Glenwood Ridge Apartments2 bedroom2BR,2BA$1.13

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
Decorative image

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

Read Article
Decorative image

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.

Read Article
Decorative image

Quick Rent Budget Calculator

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.

decorative image of people with a giant lease agreement

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

Decorative image of map

See the most popular apartments and homes in Richmond, VA

View Map
Richmond, VA Apartments Map
View Map
Richmond, VA Rental Homes Map

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 $933.

What is the price of a cheap apartment in Richmond?

The cheapest apartment in Richmond is 11 E Broad St which is listed at $749, while the average apartment in Richmond costs $1,666.

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 12,266 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 $481 which is $1,185 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 Your Richmond Neighborhood Guide: Living Near the City's Top Employers article

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.

decorative image for Explore The River City Like a Local: The Insider's Guide to Renting in Richmond, VA article

Explore The River City Like a Local: The Insider's 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.

decorative image for Your Guide to Picking the Perfect Richmond Neighborhood for Student Renters article

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.

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

A Local Expert's 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.

Articles, How-To's, and Tips

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

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.