Cheap Apartments for Rent in Richmond, VA from $300 (424 Rentals)

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

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.

property at 1204 N 20th St

$887

Total Monthly Price

Total Monthly Price

Base Rent
$825
Required Monthly Fees
$62

Total Monthly Price
$887

1 Bedroom, 1 Bath Home for Rent

Available Now

1204 N 20th St

RichmondVA23223
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Falling Creek Apartments
Rent Specials
$892 - $1,614
Total Monthly Price

Total Monthly Price

Base Rent
$817 - $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
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  • Customer Reviewed
  • 3D Tour
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404 Rivertowne Apartment Homes
Rent Specials
$948 - $2,018
Total Monthly Price1 Month Lease Term

Total Monthly Price

Base Rent
$785 - $1,855
Required Monthly Fees
$163

Total Monthly Price
$948 - $2,018
1 to 2 Bedroom Apartments Available Now

404 Rivertowne Apartment Homes

402 Westover Hills BlvdRichmond, VA 23225
Student Housing
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  • 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.

property at 1017 W Leigh St

$995

Total Monthly Price

Total Monthly Price

Base Rent
$995

Total Monthly Price
$995

1 Bedroom, 1 Bath Home for Rent

Available Now

1017 W Leigh St

RichmondVA23220
property at 1019 W Leigh St

$995

Total Monthly Price

Total Monthly Price

Base Rent
$995

Total Monthly Price
$995

1 Bedroom, 1 Bath Home for Rent

Available Now

1019 W Leigh St

RichmondVA23220

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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Villas at Cedarhurst
Rent Specials
$1,003 - $1,603
Total Monthly Price

Total Monthly Price

Base Rent
$999 - $1,599
Required Monthly Fees
$4

Total Monthly Price
$1,003 - $1,603
Studio to 2 Bedroom Apartments Available Now

Villas at Cedarhurst

5950 Westower CtRichmond, VA 23225
Corporate Housing
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  • 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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Residence at Brookside
Rent Specials
$1,048 - $2,289
Total Monthly Price

Total Monthly Price

Base Rent
$1,020 - $2,261
Required Monthly Fees
$28

Total Monthly Price
$1,048 - $2,289
1 to 3 Bedroom Apartments Available Now

Residence at Brookside

6540 Greenbank RdRichmond, VA 23225
Affordability
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  • Customer Reviewed
  • 3D Tour
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
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The Masonry Apartments
Rent Specials
$1,066 - $2,090
Total Monthly Price

Total Monthly Price

Base Rent
$975 - $1,999
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
  • Low Income

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.

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: 05/12/2026

Current apartment rentals in the Richmond, VA area range in price from $780 to $6,000 with an overall median price of $3,026. The three Richmond neighborhoods with the lowest median rent pricing are Broad Rock Sports Complex at $1,450, Brookbury at $1,026, and Davee Gardens at $1,650. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Richmond Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Broad Rock Sports Complex$1,450$1,4501
Brookbury$1,450$1,0263
Davee Gardens$1,700$1,6502
Commerce Road Industrial Area$1,787$1,6504
Broad Rock Industrial Park$1,850$1,8501
Cherry Gardens$1,850$1,8501
Windsor$1,862$1,8252
North Richmond$1,870$1,4005
Jeff Davis$1,875$1,1954
British Camp Farms$2,095$1,4502

Cheapest Available Richmond Apartments for Rent

 

The cheapest available apartment rental in Richmond, VA is a 1 Bed unit found at New Manchester Flats in the East neighborhood priced from $705. Hatcher Tobacco Flats in the Old South neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $720. Here is today’s list of the most affordable Richmond apartments for rent:

Apartment ListingModel NameBed/BathPriced From
New Manchester FlatsThe Decatur1BR,1BA$705
Hatcher Tobacco Flats1X11BR,1BA$720
Manchester Grand Apartments1 Bedroom, 1 Bathroom1BR,1BA$770
Kingly Ones and Briarwood Court Apartments1 Bedroom1BR,1BA$825
Legacy at Imperial VillageStudioStudio,1BA$835
Bloom Apartments II1Bed/1Bath: 463 sq ft1BR,1BA$849
Falling Creek Apartments1 Bedroom1BR,1BA$892
American Tobacco CollectionSCenter-A31BR,1BA$922
Creighton Renaissance ApartmentsOne Bedroom - D1BR,1BA$926

Best Value Apartments for Rent in Richmond, VA

As of May 12, 2026 the best value apartment in the Richmond area is the $0.66 price per square foot 2509 Seminary Ave Model at 2509 Seminary Ave, Unit # B in the in the Bellevue neighborhood starting from $1,475. The second greatest value Richmond apartment is the 4x2 - Priced Per Bedroom Model at Marshall Park starting at $750 with a $0.51 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$0.66
Marshall Park4x2 - Priced Per Bedroom4BR,2BA$0.51
The Gardens at ManchesterThree Bedroom Two Bath Large Premier3BR,2BA$1.23
Townsend SquareTownhomes starting at $1080.00- Now Accepting A...2BR,1BA$0.94
Trolley Lofts2 Bedroom / 2 Bath - 700sqft2BR,2BA$1.18
Glenwood Ridge Apartments2 bedroom2BR,2BA$1.13
Honey BrookCastle2BR,2BA$1.19
Lambert Landing I2 Bdrm 951 sqft2BR,1BA$1.20
Hatcher Tobacco Flats2X22BR,2BA$1.17
Belle SummitRainer2BR,2BA$1.21

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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Richmond, VA Area Reviews

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Robin

February 25, 2025

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Frequently Asked Questions about Cheap Richmond Apartments

What is the Cheapest Studio apartment in Richmond?

Currently the most affordable Cheap Studio Apartment in Richmond is at Legacy at Imperial Village listed at $835.

How much is rent for a Cheap One Bedroom Richmond Apartment?

The lowest price for a Cheap One Bedroom Richmond Apartment is $705 at New Manchester Flats.

What is the lowest price for a Cheap Two Bedroom Richmond Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Richmond is starting from $935 at Mallard Greens.

What is the most affordable Richmond Three Bedroom Apartment?

The best deal on a cheap Richmond Three Bedroom Apartment rental is at Parc View at Commonwealth and starts from $1,250.

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

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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.

Articles, How-To's, and Tips

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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.

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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.

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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.

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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.