
Cheap Apartments for Rent in Richmond, VA from $400 (416 Rentals)
Search the lowest-cost Apartments available for rent right now in Richmond.


New Manchester Flats

Townhouses of Chesterfield II

Townhouses Of Chesterfield

Kingly Ones and Briarwood Court Apartments

Imperial Living Propco LLC

Bloom Apartments II
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.

Falling Creek Apartments

Eagle Mill Lofts

Towers on Franklin

Residence at Brookside

Southwood Apartments

Winchester Forest

Ashton Square Apartments

Park at Forest Hill

Kings Point Apartments
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

2572 Alcott Rd

NOON Ingram

210 E Grace St

Norcroft Townhomes-55 and older

Van de Vyver

2105 Phaup St

Jefferson Townhouses
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

The Foundry Apartments

Pointe at River City

5003 Alan Dr

Grace & Monroe Apartments

Kensington, Patterson Place and Grove Ave

404 Rivertowne Apartment Homes

The Berkshire
Richmond’s Best Affordable Neighborhoods
Learn about Richmond and the best affordable places to live by our Local Expert Richard Corrigan

Lava Lofts

Quarter Mill

Attain Shockoe

Smokehouse Lofts

James River Villas

927 N 20th St

Meadow Creek Apartments

Three Chopt West Apartments
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Richmond, VA Local Guide

How much does it cost to rent an apartment in Richmond?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Cheap Richmond Studio Apartments | $1,466 | $715 | $5,632 |
Cheap Richmond 1 Bedroom Apartments | $1,689 | $671 | $7,759 |
Cheap Richmond 2 Bedroom Apartments | $1,972 | $781 | $10,000+ |
Cheap Richmond 3 Bedroom Apartments | $2,322 | $699 | $8,816 |
Cheap Richmond 4 Bedroom Apartments | $1,657 | $599 | $6,360 |
Browse Top Apartments in Richmond
See all Apartments in RichmondExplore Richmond

Richmond, VA Local Guide

- Richmond Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Richmond, VA
Pricing Updated: 07/30/2025Current apartment rentals in the Richmond, VA area range in price from $599 to $11,350 with an overall median price of $2,653. The three Richmond neighborhoods with the lowest median rent pricing are Church Hill North at $1,000, Petersburg Chesterfield at $799, and Jackson Ward at $750. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Richmond Apartments for rent:
Neighborhood | Median Price | Min Price | Available Units |
---|---|---|---|
Church Hill North | $1,550 | $1,000 | 4 |
Petersburg Chesterfield | $1,626 | $799 | 99 |
Jackson Ward | $1,647 | $750 | 72 |
Southwood | $1,652 | $715 | 109 |
Forest Hill | $1,704 | $750 | 267 |
Ginter Park | $1,707 | $849 | 22 |
McGuire Manor | $1,730 | $715 | 103 |
Woodhaven | $1,730 | $715 | 155 |
Chestnut Hill | $1,732 | $599 | 28 |
Hickory Hill | $1,820 | $715 | 99 |
Cheapest Available Richmond Apartments for Rent
 The cheapest available apartment rental in Richmond, VA is a 1 Bed unit found at Market Square in the Four Mile Run neighborhood priced from $671. New Manchester Flats in the East neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $702. Here is today’s list of the most affordable Richmond apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Market Square | Market Woods One Bedroom | 1BR,1BA | $671 |
New Manchester Flats | The Decatur | 1BR,1BA | $702 |
Kingly Ones and Briarwood Court Apartments | 1 Bedroom | 1BR,1BA | $825 |
Imperial Living Propco LLC | Studio | Studio,1BA | $835 |
Falling Creek Apartments | A1 | 1BR,1BA | $885 |
Bloom Apartments II | 1Bed/1Bath: 456 sq ft | 1BR,1BA | $899 |
Cedarwood Manor | 1BR/1BA | 1BR,1BA | $922 |
Southwood Apartments | 1 Bed, 1 bath | 1BR,1BA | $955 |
Winchester Forest | One Bed | 1BR,1BA | $965 |
Ashton Square Apartments | Ashley | 1BR,1BA | $975 |
Best Value Apartments for Rent in Richmond, VA
As of July 30, 2025 the best value apartment in the Richmond area is the $0.51 price per square foot 4x2 - Priced Per Bedroom Model at Marshall Park in the in the Downtown Richmond neighborhood starting from $750. The second greatest value Richmond apartment is the 1300 Grove Ave Model at 1300 Grove Ave, Unit 3 starting at $1,525 with a $1.17 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Marshall Park | 4x2 - Priced Per Bedroom | 4BR,2BA | $0.51 |
1300 Grove Ave, Unit 3 | 1300 Grove Ave | 2BR,1BA | $1.17 |
Cabin Creek Apartments | 2 Bedroom, 1.5 Bath | 2BR,1.5BA | $1.24 |
Townsend Square | Townhomes starting at $1050.00- Now Accepting A... | 2BR,1BA | $0.91 |
The Greens at Virginia Center | 2 Bedroom Garden | 2BR,2BA | $1.28 |
Venus At Manchester Apartments | 2 -Bedroom, 2-Bath | 2BR,2BA | $1.20 |
Hatcher Tobacco Flats | 3X2 | 3BR,2BA | $1.23 |
The Berkshire | Monroe | 1BR,1BA | $1.26 |
Alexander at 1090 | Humboldt | 2BR,2BA | $1.25 |
Belle Summit | Rainer | 2BR,2BA | $1.21 |
Quick Rent Budget Calculator
How much rent can you afford?
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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.
Pet Friendly LifestyleRichmond, VA
Ranked #6
Among cities in Virginia for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Richmond, VA Rentals by Map
See the most popular apartments and homes in Richmond, VA
Getting Around Richmond, VA
Walk Score®
59 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
53 / 100
Bikeable
Some bike infrastructure
Transit Score®
26 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Richmond, VA Area Reviews
Robin
February 25, 2025All 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 $975.
What is the price of a cheap apartment in Richmond?
The cheapest apartment in Richmond is Market Square which is listed at $671, while the average apartment in Richmond costs $2,653.
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 12,933 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 $506 which is $2,147 cheaper than the average rent for all rentals in Richmond.
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.

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.

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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.