
Cheap Apartments for Rent in Richmond, VA from $300 (424 Rentals)
Search the lowest-cost Apartments available for rent right now in Richmond.


Townhouses of Chesterfield II

Brook Villas

Townhouses Of Chesterfield

Kingly Ones and Briarwood Court Apartments

Eagle Mill Lofts

Legacy at Imperial Village

Bloom Apartments II

4908 Chamberlayne Ave, Unit B1

Belle Summit
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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1204 N 20th St, Unit Apt 1

1204 N 20th St

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Falling Creek Apartments

6100 Strathmore Rd, Unit 52

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American Tobacco Collection

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Creighton Renaissance Apartments

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3809 McGuire Dr, Unit B, Unit B

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The Residences of Westover Hills

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404 Rivertowne Apartment Homes

Creekside Manor Apartments
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.

3916 Chamberlayne Ave, Unit 4A

1106 West Franklin St

1017 W Leigh St

1019 W Leigh St

1814 Williamsburg Rd, Unit 10

The Hill Building

Richfield Place Apartments

The Edison

Van de Vyver

New Manchester Flats
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.

Forest Ridge

Jefferson Townhouses

The Attain

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Villas at Cedarhurst

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2016 Fairmount Ave, Unit Apt 2

1411 Grove Avenue

Norcroft Townhomes-55 and older

Flats at 25th

Kensington, Patterson Place and Grove Ave

Kings Point Apartments
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.

Crown Square Apartments

Green Park Apartments

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3615 Stockton St, Unit 4., Unit 4.

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Residence at Brookside

Chippenham Townhomes

927 N 20th St

Park at Forest Hill

Quarter Mill

The Berkshire

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The Masonry Apartments
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

How much does it cost to rent an apartment in Richmond?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Richmond Studio Apartments | $1,443 | $595 | $5,240 |
| Cheap Richmond 1 Bedroom Apartments | $1,623 | $566 | $7,661 |
| Cheap Richmond 2 Bedroom Apartments | $1,924 | $628 | $10,000+ |
| Cheap Richmond 3 Bedroom Apartments | $2,124 | $810 | $5,266 |
| Cheap Richmond 4 Bedroom Apartments | $1,133 | $729 | $3,680 |
Browse Top Apartments in Richmond
See all Apartments in RichmondExplore Richmond

Richmond, VA Local Guide

- Richmond Neighborhoods
- Nearby Cities
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- School Districts
Cheapest Neighborhoods for Apartments in Richmond, VA
Pricing Updated: 05/12/2026Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Broad Rock Sports Complex | $1,450 | $1,450 | 1 |
| Brookbury | $1,450 | $1,026 | 3 |
| Davee Gardens | $1,700 | $1,650 | 2 |
| Commerce Road Industrial Area | $1,787 | $1,650 | 4 |
| Broad Rock Industrial Park | $1,850 | $1,850 | 1 |
| Cherry Gardens | $1,850 | $1,850 | 1 |
| Windsor | $1,862 | $1,825 | 2 |
| North Richmond | $1,870 | $1,400 | 5 |
| Jeff Davis | $1,875 | $1,195 | 4 |
| British Camp Farms | $2,095 | $1,450 | 2 |
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| New Manchester Flats | The Decatur | 1BR,1BA | $705 |
| Hatcher Tobacco Flats | 1X1 | 1BR,1BA | $720 |
| Manchester Grand Apartments | 1 Bedroom, 1 Bathroom | 1BR,1BA | $770 |
| Kingly Ones and Briarwood Court Apartments | 1 Bedroom | 1BR,1BA | $825 |
| Legacy at Imperial Village | Studio | Studio,1BA | $835 |
| Bloom Apartments II | 1Bed/1Bath: 463 sq ft | 1BR,1BA | $849 |
| Falling Creek Apartments | 1 Bedroom | 1BR,1BA | $892 |
| American Tobacco Collection | SCenter-A3 | 1BR,1BA | $922 |
| Creighton Renaissance Apartments | One Bedroom - D | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 2509 Seminary Ave, Unit # B | 2509 Seminary Ave | 2BR,1BA | $0.66 |
| Marshall Park | 4x2 - Priced Per Bedroom | 4BR,2BA | $0.51 |
| The Gardens at Manchester | Three Bedroom Two Bath Large Premier | 3BR,2BA | $1.23 |
| Townsend Square | Townhomes starting at $1080.00- Now Accepting A... | 2BR,1BA | $0.94 |
| Trolley Lofts | 2 Bedroom / 2 Bath - 700sqft | 2BR,2BA | $1.18 |
| Glenwood Ridge Apartments | 2 bedroom | 2BR,2BA | $1.13 |
| Honey Brook | Castle | 2BR,2BA | $1.19 |
| Lambert Landing I | 2 Bdrm 951 sqft | 2BR,1BA | $1.20 |
| Hatcher Tobacco Flats | 2X2 | 2BR,2BA | $1.17 |
| Belle Summit | Rainer | 2BR,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.
Read ArticleThe 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 ArticleReal 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 ArticleQuick 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.
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
See the most popular apartments and homes in Richmond, VA
Richmond, VA Area Reviews
Robin
February 25, 2025All my life
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

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.

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.

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

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.

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.

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.

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.