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$726 - $1,580
Plus Fees
Built in 20231 to 3 Bedroom Apartments Contact Us For AvailabilityBrook Villas
7800 Brook RdRichmond, VA 23228
Cheap New Apartments for Rent in Richmond, VA from $500 (98 Rentals)
Search the lowest-cost Apartments available for rent right now in Richmond.
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$770 - $2,120
Total Monthly Price12 Month Lease Term
Built in 20241 to 3 Bedroom Apartments Available NowTotal Monthly Price
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$770 - $2,120
Total Monthly Price
$770 - $2,120
Creighton Renaissance Apartments
3100 Purcell StRichmond, VA 23223
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$965 - $1,300
Plus Fees
Built in 20241 to 3 Bedroom Apartments Contact Us For AvailabilityWinchester Forest
7310 Winchester Frst BlvdRichmond, VA 23237
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Rent Specials
$998 - $1,489
Plus Fees12 Month Lease Term
Built in 2019Studio to 2 Bedroom Apartments Available NowVan de Vyver
713 N 1st StRichmond, VA 23219
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$1,000 - $2,400
Total Monthly Price1 Month Lease Term
Built in 20241 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,000 - $2,400
Total Monthly Price
$1,000 - $2,400
1619 N 28th St
1619 N 28th StRichmond, VA 23223
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$1,013 - $1,403
Plus Fees
Built in 20221 to 3 Bedroom Apartments Available NowThe Foundry Apartments
946 Sledd StRichmond, VA 23220
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$1,025 - $1,550
Plus Fees12 Month Lease Term
Built in 20191 to 2 Bedroom Apartments Available Apr 15Flats at 25th
2400 Fairmount AveRichmond, VA 23223
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Rent Specials
$1,037 - $1,986
Plus Fees12 Month Lease Term
Built in 20261 to 3 Bedroom Apartments Available NowGreen Park Apartments
2921 Woodcliff AveRichmond, VA 23222
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$1,084
Plus Fees12 Month Lease Term
Built in 20232 Bedroom Apartments Available NowPark Vue
801 Holly Springs AveRichmond, VA 23224
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Rent Specials
$1,109 - $1,900
Plus Fees12 Month Lease Term
Built in 20202 to 3 Bedroom Apartments Available NowGlenwood Ridge Apartments
3801 Glenwood AveRichmond, VA 23223
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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$1,124 - $1,395
Plus Fees12 Month Lease Term
Built in 2025Studio to 1 Bedroom Apartments Available NowNOON Ingram
2200 Ingram AveRichmond, VA 23224
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$1,177
Plus Fees12 Month Lease Term
Built in 20201 Bedroom Apartments Available May 20The Mirage Manchester
1125 Commerce RdRichmond, VA 23224
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$1,177
Plus Fees12 Month Lease Term
Built in 20211 Bedroom Apartments Contact Us For AvailabilityThe Concord Northside
710 W Fells StRichmond, VA 23222
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$1,177 - $1,409
Plus Fees12 Month Lease Term
Built in 20191 to 2 Bedroom Apartments Available NowThe Oliver
908 Oliver Hill WayRichmond, VA 23219
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$1,185 - $1,416
Plus Fees
Built in 2021Studio to 1 Bedroom Apartments Available Apr 25Centennial Terrace
507 E Main StRichmond, VA 23219
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$1,185 - $1,635
Total Monthly Price
Built in 20251 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,180 - $1,630
Required Monthly Fees
$5
Total Monthly Price
$1,185 - $1,635
The Mill at Manchester Lofts
815 Perry StRichmond, VA 23224
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$1,187 - $1,419
Plus Fees12 Month Lease Term
Built in 20261 to 2 Bedroom Apartments Available Apr 1Spur Line Lofts
1021 E 4th StRichmond, VA 23224
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$1,188 - $1,765
Plus Fees12 Month Lease Term
Built in 20181 to 3 Bedroom Apartments Available NowCabin Creek Apartments
1233 Gaskins RdRichmond, VA 23238
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$1,188 - $1,730
Plus Fees
Built in 20251 to 2 Bedroom Apartments Available NowRailyard Flats
104 E 2nd StRichmond, VA 23224
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$1,190 - $1,601
Plus Fees12 Month Lease Term
Built in 20231 to 3 Bedroom Apartments Available NowUrbana at Hioaks
161 Hioaks RdRichmond, VA 23225
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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Rent Specials
$1,195 - $1,895
Plus Fees
Built in 2020Studio to 2 Bedroom Apartments Available NowMain2525
2525 E Main StRichmond, VA 23223
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$1,205 - $1,255
Plus Fees
Built in 20251 Bedroom Apartments Contact Us For Availability1710 Lofts
1710 E Franklin StRichmond, VA 23223
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$1,208 - $1,449
Plus Fees12 Month Lease Term
Built in 20261 to 2 Bedroom Apartments Available NowTHE CASCADE AT FOUNDRY CREEK
4824 Walmsley BlvdRichmond, VA 23224
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$1,208 - $1,672
Plus Fees12 Month Lease Term
Built in 20261 to 3 Bedroom Apartments Available NowTHE WARWICK AT FOUNDRY CREEK
4838 Walmsley BlvdRichmond, VA 23224
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$1,233 - $2,294
Plus Fees
Built in 2023Studio to 1 Bedroom Apartments Available NowMutual on Main Apartments
909 E Main StRichmond, VA 23219
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Rent Specials
$1,233 - $2,496
Plus Fees
Built in 2021Studio to 2 Bedroom Apartments Available NowThe Current
400 Hull StRichmond, VA 23224
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Rent Specials
$1,235 - $1,985
Plus Fees12 Month Lease Term
Built in 2026Studio to 2 Bedroom Apartments Available NowThe Hub
500 Maury StRichmond, VA 23224
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$1,237 - $1,474
Plus Fees12 Month Lease Term
Built in 20231 to 2 Bedroom Apartments Available NowThe Arbors at Hull Street Senior Apartments
5400 Hull Street RdRichmond, VA 23224
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$1,282 - $4,411
Total Monthly Price
Built in 2021Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,282 - $4,411
Total Monthly Price
$1,282 - $4,411
South Falls Tower
111 Hull StRichmond, VA 23224
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$1,300 - $1,550
Plus Fees
Built in 20181 to 2 Bedroom Apartments Available Now1 West Cary Apartments
1 W CaryRichmond, VA 23220
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.
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$1,309 - $3,290
Plus Fees
Built in 20231 to 3 Bedroom Apartments Available NowCommodore Old Town Manchester
15 W 7th StRichmond, VA 23224
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$1,310 - $1,588
Total Monthly Price
Built in 2016Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,304 - $1,582
Required Monthly Fees
Varies
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Deco at CNB
219 E Broad StRichmond, VA 23219
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Rent Specials
$1,310 - $1,843
Plus Fees
Built in 20161 to 2 Bedroom Apartments Available NowCity View Lofts
411-611 Bainbridge StRichmond, VA 23224
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Rent Specials
$1,314 - $4,725
Plus Fees
Built in 2019Studio to 2 Bedroom Apartments Available NowThe Penny at Jackson Ward
2 W Marshall StRichmond, VA 23220
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Rent Specials
$1,315 - $2,615
Plus Fees18 Month Lease Term
Built in 2016Studio to 3 Bedroom Apartments Available NowCourtyard Lofts
3200 W Clay StRichmond, VA 23230
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$1,332 - $3,772
Plus Fees
Built in 20201 to 2 Bedroom Apartments Available NowThe Summit at Scotts Addition
3022 W Broad StRichmond, VA 23230
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Rent Specials
$1,333 - $2,882
Total Monthly Price
Built in 20171 to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,333 - $2,882
Total Monthly Price
$1,333 - $2,882
The Cooperage
1650 Overbrook RdRichmond, VA 23220
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Rent Specials
$1,340 - $2,130
Plus Fees
Built in 20161 to 2 Bedroom Apartments Available NowThe Gallery Midtown Apartments
308 N Nansemond StRichmond, VA 23221
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Rent Specials
$1,340 - $3,411
Plus Fees
Built in 2023Studio to 2 Bedroom Apartments Available NowSphere
2005 Brook RdRichmond, VA 23220
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Rent Specials
$1,346 - $2,396
Total Monthly Price
Built in 2024Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,275 - $2,325
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The Navigator
103 E 2nd StRichmond, VA 23224
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.
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$1,349 - $1,549
Plus Fees12 Month Lease Term
Built in 20221 Bedroom Apartments Available Now18th Street Lofts
1711 E Main StRichmond, VA 23223
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$1,370 - $2,795
Plus Fees
Built in 20201 to 3 Bedroom Apartments Available NowThe Overlook at City View
500 Bainbridge StRichmond, VA 23224
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$1,395 - $1,595
Plus Fees
Built in 20231 Bedroom Apartments Available NowThe Cove Apartments
512 Hull StRichmond, VA 23224
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$1,398 - $3,308
Total Monthly Price
Built in 20231 to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,398 - $3,308
Total Monthly Price
$1,398 - $3,308
The Waterford At Rocketts Landing
4501 E Main StRichmond, VA 23231
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$1,407 - $3,214
Total Monthly Price
Built in 2022Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,407 - $3,214
Total Monthly Price
$1,407 - $3,214
Hydro
101 Manchester RdRichmond, VA 23224
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$1,409 - $2,277
Plus Fees
Built in 20191 to 2 Bedroom Apartments Available NowThe Nest Scott's Addition
3113 W Marshall StRichmond, VA 23230
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$1,415 - $2,205
Plus Fees
Built in 2021Studio to 2 Bedroom Apartments Available May 12The 1805
1805 Monument AveRichmond, VA 23220
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$1,421 - $2,083
Total Monthly Price
Built in 20221 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,415 - $2,077
Required Monthly Fees
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One Canal Apartments
108 S 1st StRichmond, VA 23219
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$1,421 - $4,091
Total Monthly Price
Built in 20201 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,421 - $4,091
Total Monthly Price
$1,421 - $4,091
Circ Apartments
1137 W Grace StRichmond, VA 23220
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$1,421 - $3,449
Total Monthly Price
Built in 2018Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,421 - $3,449
Total Monthly Price
$1,421 - $3,449
East 51 At Rocketts Landing
5101 Old Main StRichmond, VA 23231
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.
Richmond, VA Local Guide
How much does it cost to rent an apartment in Richmond?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Richmond Studio Apartments | $1,440 | $715 | $4,466 |
| Richmond 1 Bedroom Apartments | $1,614 | $671 | $5,781 |
| Richmond 2 Bedroom Apartments | $1,931 | $781 | $6,223 |
| Richmond 3 Bedroom Apartments | $2,154 | $779 | $6,967 |
| Richmond 4 Bedroom Apartments | $1,311 | $729 | $5,994 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Explore Richmond
Richmond, VA Local Guide
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10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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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 Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
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 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.
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
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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 $950.
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 $2,451.
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 16,577 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 $467 which is $1,984 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
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
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.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.